Bitcoin Dropped After The MicroStrategy Purchase

Bitcoin dropped after the MicroStrategy purchase. This time, MicroStrategy bought Bitcoin with its subsidiary, which caused a decrease in the market.

MicroStrategy, which is taking steps to become the most Bitcoin holding institution in the cryptocurrency world, has also purchased Bitcoin in the past weeks. The market reacted with a decline to this news. MicroStrategy did not make direct purchases this time. Announcing that it is seeking a loan of 200 million dollars in the past few days, its subsidiary MacroStrategy purchased 4197 Bitcoins after completing the loan transactions. The purchase was made between February 15 and April 4. The average price was $45714. The total number of Bitcoins held by MicroStrategy was 129218, with an average price of $30700, amounting to $3.97 billion. After the news, the Bitcoin started to decline once again, as is the tradition. After forcing the 47 thousand dollars levels, it went down to the 44500 $ levels. Currently it is trying to hold above $45000 again.