MicroStrategy, the largest corporate holder of Bitcoin, surprised the crypto community by refraining from buying or trading Bitcoin last week. Previously, the business intelligence firm had been on a Bitcoin accumulation spree since August 2020. This decision not to buy more Bitcoin, despite the drop in price, is significant to investors. MicroStrategy currently holds 471,107 BTC, which was acquired at an average price of $64,511 per BTC, resulting in unrealized profits of around $30,700 per BTC. The update by MicroStrategy CEO Michael Saylor received mixed reactions, with some viewing it as a strategic move to increase MSTR shares before selling and buying more BTC, while others believe the firm may have a bearish sentiment towards Bitcoin due to recent price volatility. At the time of writing, the BTC price was at $94,611.40, representing a 4.19% decline in the last 24 hours.



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