Bitcoin Price Rebounds to $111,000 As Strategy Adds 168 More BTC
Strategy purchased 168 more BTC for $18.8 million as the Bitcoin price rebounded to approximately $111,000.Summary
Strategy (MSTR), the world's largest corporate Bitcoin holder, acquired an additional 168 BTC last week for $18.8 million, averaging $112,051 per coin, bringing its total holdings to 640,418 BTC at an average cost of $74,010. This occurred as the Bitcoin price climbed back to around $111,000 following a dip, driven by renewed corporate accumulation and optimism regarding the U.S. government shutdown potentially ending. Strategy CEO Michael Saylor continues to advocate for Bitcoin as a superior treasury reserve asset. Meanwhile, the Bitcoin Fear & Greed Index shows the market in a state of "fear," contrasting sharply with the "greed" seen when BTC traded above $124,000 two weeks prior. Additionally, OranjeBTC, Latin America's largest corporate Bitcoin holder, announced its own purchase of 10 BTC.
(Source：Bitcoin Magazine)