Did Michael Saylor buy the bottom of Bitcoin for once? By Cointelegraph

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© Reuters.

The economic intelligence company MicroStrategy shows no signs of backing down on its bet. Just when Sam Bankman-Fried was exposed as a fraud, MicroStrategy scooped up more Bitcoin (BTC) – this time the company bought as close to the bottom as ever. While Bitcoin can still go down, seeing a MicroStrategy buy around $17,000 is refreshing. Interestingly, MicroStrategy also sold BTC earlier this month – but not for the reason you think (more details below).

The latest Crypto Biz newsletter of 2022 covers MicroStrategy’s purchase of Bitcoin, Fidelity Investments’ foray into the metaverse, Changpeng Zhao’s response to haters, and the collective woes of Bitcoin miners.

MicroStrategy Adds To Bitcoin Stake Despite Sharp Loss Public Bitcoin Mining Firms Struggle With $4 Billion In Collective Debt

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