It looks like MicroStrategy just bought the Bitcoin dip after Tesla announced it would stop accepting it as payment, citing “environmental concerns”.
Michael Saylor, CEO, confirmed the US$ 15 million purchase via Twitter. MicroStrategy now owns a total of 91,850 Bitcoins for roughly 2.241 billion at an average price of US$ 24,403 per Bitcoin.
MicroStrategy Ignores Tesla’s Bitcoin Criticism
Tesla took a toll on Bitcoin after it announced the company wouldn’t accept Bitcoin payments due to environmental problems, and it was looking into more “environmental friendly” cryptocurrencies, like Dogecoin.
It appears the announcement sparked a heated debate where not only Saylor but influencers like Anthony Pompliano discussed Bitcoin’s energy consumption.
Not only BTC plunged after the announcement, but the entire crypto market shed billions. The whole crypto market dipped below US$ 2 trillion, and most currencies saw price drops between 5-30%. However, Most proof-of-stake (PoS) cryptocurrencies saw a surge in price after Tesla backtracked on Bitcoin.
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