READ: Bitcoin whale transfers 5 million worth of crypto, BTC trading at ,800In addition, recent data form Glassnode suggests that Bitcoin miners are hoarding the world’s most popular crypto at record levels rather than selling, thereby limiting supply for the highly prized crypto asset as seen in recent days.READ: 1 Bitcoin will buy you a house in Nigeria’s rich suburbJust recently, MicroStrategy a leading institutional investor of the flagship asset revealed that it had purchased an additional 253 bitcoins for .0 million in cash at an average price of ,339 per bitcoin.
MicroStrategy has purchased an additional ~253 bitcoins for .0 million in cash at an average price of ~,339 per #bitcoin. As of 4/5/2021, we #hodl ~91,579 bitcoins acquired for ~.226 billion at an average price of ~,311 per bitcoin. $MSTRhttps://t.co/OMQMhA85xwThe present amount of Bitcoin held on leading crypto exchanges suggests a likely bullish bias on the price of Bitcoin as business entities and large organisations continue to accumulate the crypto asset at record levels despite the strong dollar and rising U.S Treasury yields.
Microstrategy further revealed it had about 91,579 bitcoins acquired for .226 billion at an average price of ,311 per bitcoin.— Documenting Bitcoin 📄 (@DocumentingBTC) April 4, 2021
The crypto analytic firm further revealed that