Michael Saylor’s Strategy Halts Bitcoin Purchases This Week
- Michael Saylor confirmed no Bitcoin purchases were made this week, impacting market sentiment.
- The company’s total Bitcoin holdings stand at approximately $64.44 billion, with a total of 818,334 BTC acquired.
- Earlier this week, the firm purchased $255 million in BTC, raising its average cost to $75,537 per Bitcoin.
- Bitcoin is currently trading at $78,628.93, maintaining a position above the key $78,000 level.
- Analysts indicate that the next resistance level for BTC is at $79,000.
Saylor’s announcement follows four weeks of consistent Bitcoin acquisitions and hints at potential future purchases next week. The pause in buying comes as analysts monitor critical resistance levels for BTC price movements.
The halt in purchases has left investors cautious as Bitcoin remains above $78K but faces potential resistance ahead at $79K.(Source)
