Best Altcoins to Buy as Strategy Buying Spree Is Turning Bitcoin Into a Premi...
Strategy (formerly MicroStrategy) currently owns an astounding 538,200 Bitcoin after it added a massive 379,800 $BTC in just the last six months. On average, the company has been acquiring 2,087 $BTC per day – a rate that far exceeds the current daily production rate of 450 $BTC, which comes to 13,500 $BTC per month. In effect, Strategy has been buying more than 4.5 times the amount of Bitcoin being mined daily. If Strategy continues its pace of BTC acquisition, it can create a Bitcoin supply crunch, where demand vastly outweighs the available supply. The natural consequence? Much higher....
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Strategy has continued its aggressive Bitcoin accumulation with another billion-dollar buy despite the BTC price trading below its cost basis. Strategy Has Added 13,927 BTC To Its Treasury As shared by Strategy co-founder and chairman Michael Saylor in a new X post, the treasury company has furthered its Bitcoin buying spree. The new acquisition involved […]
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Institutional investors led by Metaplanet and Cardone Capital went on a buying spree over the weekend as Bitcoin’s ($BTC) value fell below $100K due to geopolitical tensions in the Middle East. If you’re looking for a similar investment, the best altcoins also offer great buying opportunities during these uncertain times. Crypto presales, in particular, offer […]