By: Eva Baxter
MicroStrategy has bought an additional 16,130 Bitcoins, bringing its total to 174,530 BTC. This significant purchase ranks as MicroStrategy's third largest since adopting a Bitcoin standard strategy. Their largest acquisition dates back to February 24, 2021 when they purchased 19,452 Bitcoins, an investment of over $1 billion. Their choice to raise up to $750 million through selling stocks synergizes well with their bitcoin investments, as it is reflected in their increasing Bitcoin holdings per share over time.
In other cryptocurrency investment news, Cathie Wood's ARK Invest has sold a further $4.7 million worth of shares in Coinbase. This comes even as COIN reached its highest level, rising to $130.31, its highest since April 2022.
These events collectively paint a complex picture of the investment scene within the cryptocurrency world, offering insights into different strategic responses to the dynamic crypto market landscape.
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