Why MicroStrategy’s Latest Bitcoin Purchase Is Deeply Concerning

MicroStrategy disclosed its latest Bitcoin purchase on January 26. In its 4th purchase of the month, the company acquired $264.1 million in Bitcoin at an average price of $90,061 per BTC.  The acquisition brings the company’s average cost of Bitcoin purchase to $76,037. The purchase came as Bitcoin traded in a volatile January range, slipping The post Why MicroStrategy’s Latest Bitcoin Purchase Is Deeply Concerning appeared first on BeInCrypto.