MicroStrategy Expands Its Bitcoin Portfolio as Market Dynamics Shift – BitRss

MicroStrategy, a major Bitcoin $100,788 investment firm based in the U.S., continues to expand its BTC portfolio. On January 6, the company announced the acquisition of 1,070 BTC at an average price of $94,000. This recent purchase follows news that the company aims to raise up to $2 billion through perpetual preferred shares.

Spot Market Activity

Bitcoin has surpassed the $100,000 mark on the Coinbase exchange for the first time in two weeks. This price increase coincides with a resurgence in net fund inflows into spot ETFs.

Spot Bitcoin ETFs

The activity on the cryptocurrency exchange is boosted by ETF issuers trading through Coi…