A Recap of the Prime Trust Saga
The Breakdown
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Bitcoin Market Update: MicroStrategy Acquires 12,333 Bitcoin
On Wednesday, MicroStrategy announced that it had been in the markets in a big way. Since the end of April, the firm has acquired 12,333 Bitcoin for 347 million,. Their holdings are now at an average cost base of 29,668. These recent purchases were funded primarily through the sale of 333.7 million worth of shares under a previously disclosed share sale agreement. Some analysts disagree on how much MicroStrategy's buying activity has been a driver of the positive increases in Bitcoin's price.
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