Bitcoin Santa’s rally fades, while MicroStrategy continues to load

After peaking on Christmas Day, Bitcoin (Bitcoin-dollar) The post-Christmas wave faltered on Thursday, with values ​​falling below $95,500. Other cryptocurrencies including Ethereum also suffered. With an expected increase of 115% for the year, Bitcoin is still positioned for a great year-end performance despite this minor setback. To support further Bitcoin purchases, well-known Bitcoin investor MicroStrategy (Nasdaq:MSTR) revealed intentions to increase the number of its shares, adding to the optimistic sentiment surrounding the investment.

Reflecting its aggressive $42 billion investment plan, MicroStrategy has been steadily adding to its Bitcoin holdings for seven straight weeks. This dedication has seen MicroStrategy’s stock price rise a staggering 440% this year. The continued support for Bitcoin by CEO Michael Saylor has confirmed his position as a major player in the growing acceptance of the cryptocurrency. As we look to the future, Bitcoin’s dynamism will play a crucial role in driving overall business success, which could provide massive long-term upside in the future.

This article first appeared on Gorovox.