MicroStrategy increases its holdings in Bitcoin, Bitcoin is still difficult to regain its gains
The Internet reported that although MicroStrategy(MSTR.O) announced that it would increase its holdings in Bitcoin and plans to hold a special shareholders meeting to vote on proposals to further purchase the cryptocurrency, Bitcoin is still unable to regain significant upward momentum. The software company said on Monday that it had purchased approximately $561 million worth of bitcoins last week by raising funds through a new issue as it joined the Nasdaq 100 index. The company plans to convene a shareholder meeting to seek approval for a new share issue to buy more Bitcoin. But data showed Bitcoin rose 0.2% to $93998, but well below the all-time high of $108379 reached on December 17. Market analysis platform Forex Analytix said in a report that this could be short-term profit-taking or even the "beginning of a significant decline."
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.