The price of Bitcoin this week is seen to be starting to fall slightly after failing to maintain the $47,000 level that was the previous hurdle level and this caused it to fall to the $45,000 price level. Even so, most altcoins are not showing any significant changes today, Waima Dogecoin is back on fire with its price jumping 5% to a price level of $0.15.
The current fall in prices, some see it as an opportunity to increase the hold of cryptocurrencies. The 'whale group' is seen as showing no signs of retreating in the cryptocurrency market. Microstrategy which is a technology company proposed by Michael Saylor is one of this group that chooses to buy more.
Based on the latest facts from the company's Chief Executive Officer, Michae Saylor, it was reported that MicroStrategy purchased a total of $190 million worth of BTC which equals 4,167 Bitcoin units at an average price of $45,714.
If calculated as a whole, the company now has a total of 129,218 bitcoins which are worth almost $4 billion. This coincides with an average acquisition price of approximately $30,700.
Previously Michael Saylor in one of the statements stated that "our side will continue to take the opportunity to raise additional capital in implementing the bitcoin strategy that has been prepared".
Saylor, who famously lost $6 billion in one day at the height of the dot-com bubble, has vowed not to repeat the same mistake. The dispersal of crypto as one of the factors has pushed the shares of the Microstrategy company to rise higher.
