The organization of Michael Silor acquired additional bitcoins

The flagship cryptoactive again began to grow confidently. Therefore, it is not surprising that large investors were activated in the market. In particular, Michael Sailor Corporation Microstrategy continues to expand his bitcoin portfell.

In the period from April 14 to 20, the organization acquired 6556 coins worth almost $ 556 million. Now, under the management of the company, 538 200 bitcoins are located. The average purchase price of all assets was $ 67,766. Microstrategy reported on this in the form of 8-k, which was transferred to the US Securities and Exchange Commission.

The last transaction was funded by placing ATM and StRK ATM shares, including the sale of 1.75 million securities of Strategy for $ 547.7 million. A little more than 91,000 privileged shares worth almost $ 7.8 million were also implemented. The last time Microstrategy opened purchases on the market at the end of last March. In total, for the current year, the company acquired 91 800 bitcoinswhich is estimated at about 17% of the total asset.

It is worth noting: according to many metrics, large investors continued to accumulate coins during April. Apparently, cryptocurrency whales decided to take advantage of the cost of prices in order to more profitably open purchases.

Now the attention of trading participants is concentrated on the upcoming performances of high -ranking Fed officials. They will share opinions regarding the policy of the administration of Donald Trump.

A certain pressure continues to exert a trade conflict that has turned between the United States and China. At the moment, the situation is far from permission, since not a single party makes concessions. Experts do not exclude that such a situation can result in a recession of the American economy.

Author

Andrey Alexandrov