MicroStrategy buys 301 BTC, what’s next for Bitcoin?

Crypto Update
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in the latest bitcoin news MicroStrategy buys 310 bitcoins, and crypto lending protocol Maple Finance launches $300 million lending pool Bitcoin mining firm.

bitcoin (BTC/USD) is the largest cryptocurrency in terms of market capitalization, and fluctuations in its price will typically send ripples throughout the blockchain space.

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MicroStrategy Purchase and Maple Finance Launch as Growth Catalyst

Michael Sailor made an announcement on September 20, 2022, that Microstrategy bought an additional 301 bitcoins for $6 million, where the average cost per bitcoin is $19,851.

This means that MicroStrategy now holds 130,000 bitcoins, which were acquired for a total of $3.98 billion at an average price of $30,639 per bitcoin.

In addition, the institutional crypto lending protocol known as Maple Finance, as well as its representative Icebreaker Finance made an announcement That they will provide secured debt financing of up to $300 million to the public as well as private bitcoin mining firms.

Both of these updates indicate that the interest in bitcoin (BTC) is not over, which could further increase the demand and value of the cryptocurrency.

Should You Buy Bitcoin (BTC)?

On September 21, 2022, the value of bitcoin (BTC) was $18,887.

BTC/USD chart by TradingView.

To get a better perspective on its current price point and future growth potential, we’ll go over its all-time high and performance over the past month.

The all-time high of the cryptocurrency Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77.

When we go to the performance of the cryptocurrency last month, the value of Bitcoin (BTC) peaked on August 15th at $24,887.19. However, its lowest price was on August 29 at $19,616.81.

Here, we can see a price decline to $5,270.38 or 21%.

However, since then, the cryptocurrency has declined further and is priced at $18,887.

With the recent updates and developments surrounding the Bitcoin (BTC) cryptocurrency and the blockchain space as a whole, investors probably want to buy bitcoin Because it could climb to $22,000 by the end of September 2022.

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