Michael Saylor posted on X about MicroStrategy’s last Bitcoin business. They have acquired another 18,300 BTC at a $60,408 price. With this, MicroStrategy now holds 244,800 BTC, which is 1.17% of the total Bitcoin supply.
Bitcoin prices fell before the Federal Reserve’s predicted interest rate cut.
The first U.S. rate cut in more than four years signals looser financial conditions, which are normally favorable for riskier assets like cryptocurrencies.
Bitcoin saw $436 million in inflows over the last week, following a 10-day outflow of $1.18 billion.
