2021 was a great year for the crypto industry as most of the large-cap cryptocurrencies like Bitcoin that hit an all-time high. However, 2022 was just as disastrous. Stocks, bonds, crypto assets and several other risk assets faced severe crashes.
However, after being under bearish control for such a long time, the crypto market seems to be recovering. Bitcoin has regained its crucial $20,000 level and is currently trading at $20,501.
Microstrategy, which holds a record for having the largest bitcoin org
The firm’s Q2 report was not great as it had reported a loss of nearly $1 billion. It’s important to know that even after the flagship currency managed to gain $20,000, most Bitcoin investors are still trading in losses. Microstrategy is popularly known for accumulating Bitcoin whenever there is a price drop. Would the terrible macroeconomic conditions have brought a change in the company’s approach toward BTC and crypto, in general?
Earlier in August, Michael Saylor
Bitcoin Treasuries claim that, as of October 2022, Microstrategy holds 130,000 BTC and in the month of September, the firm had purchased 301 BTC worth around $19,851.
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