HomeTrading NewsMicroStrategy Purchases Over $400 Million Worth of Bitcoins

MicroStrategy Purchases Over $400 Million Worth of Bitcoins

Motley Fool

Buy This Instead of a Bitcoin ETF

Describing Bitcoin (CRYPTO: BTC), and many other cryptocurrency assets for that matter, as a momentum trade has been an understatement over the past year. Over just that 12 month window, Bitcoin’s value tripled in the first four months, sank more than 40% over the subsequent three months, and then soared up 90% before reversing again in recent weeks. There were probably plenty of retail investors that welcomed the launch of the first Bitcoin ETF in Oct. 2021.

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