Here's Main Reason Why Bitcoin (BTC) Is Going Down

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$BTC dropping slightly today, here's what caused it. Bitcoin

Earlier today, the company co-founded by Bitcoin evangelist Michael Saylor expanded its BTC holdings, spending roughly $347 million to purchase 12,333 BTC.

Now, the business intelligence-producing giant holds a total of 152,333 BTC after spending approximately $4.5 billion on that BTC stash. In March and April, when the previous purchases were made, the BTC price also went down — 5% on that day. This is the biggest BTC purchase made by the company so far in 2033. Previously, in March and April, MicroStrategy acquired 7,500 BTC overall.

 

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