Bitcoin Bitcoin is still more than $ 7 billion despite the market shrinkage

The software intelligence company that turned the Bitcoin Investment Beheemoth strategy remains $ 7.8 billion on Bitcoin’s holdings despite the last Cryptocurrency to $ 80,000.

On March 10, Bitcoin (BTCLen registeredArgest Weekly fell at allMore value in the past seven days waters more than any other time in its commercial history. Cointelegraph Markets Pro The data indicates that BTC moved from $ 93,379 on March 3 to a decrease of $ 80,610 on March 10, a 13.6 % decrease in bitcoin prices in one week. At the time of writing this report, Bitcoin recovered a little trading of about $ 82,000.

Despite the market shrinkage, Michael Silor’s strategy has been in front of BTC purchases. The company held 499,096 BTC, It has been purchased At a rate of $ 66423 per code. In total, the strategy spent $ 33.1 billion on Bitcoin purchases, while its holders are now valued at $ 41.2 billion – unreasonable by 24 % until the correction.

Bitcoin’s investments in the strategy highlight the importance Average cost in dollars Investment tactic. Instead of purchasing with a broken amount, the company divided the BTC purchases at different times and continued to buy symbols despite prices.