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Bitcoin fights to stay above $20,000 as Saylor buys another $10 million worth


American City Business Journals

MicroStrategy buys the bitcoin dip

Tysons business software company MicroStrategy Inc. (NASDAQ: MSTR) loaded up on more bitcoin over the past two months as the cryptocurrency’s price plummeted to numbers not seen in over a year, reaching a low of $17,560 per bitcoin on June 18. Between May 3 and June 28, MicroStrategy — led by CEO Michael Saylor, a prominent crypto evangelist — purchased 480 bitcoins. It’s a sign that despite the historically low prices at which bitcoin has traded recently, MicroStrategy appears to be slowing its pace.

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