Investing.com– Bitcoin rose on Tuesday, remaining in sight of recent record highs after major corporate holder MicroStrategy declared even more purchases of the coin.
The prospect of friendlier U.S. regulations under second Donald Trump presidency continued to underpin crypto prices, after Trump’s election win earlier in November.
rose 2.2% to $91,579.0 by 09:30 ET (14:30 GMT). The world’s biggest cryptocurrency hit a record high of $93,226.6 last week.
MicroStrategy buys record $4.6 bln Bitcoin
MicroStrategy Incorporated (NASDAQ🙂 disclosed on Monday that it had bought about 51,780 Bitcoin in the past week for roughly $4.6 billion in cash, at an average price of $88,627 per coin.
The buy was by far the company’s biggest purchase of the cryptocurrency, furthering its spot as the world’s biggest corporate holder of Bitcoin. The company now holds a total 331,200 Bitcoins,…
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