MicroStrategy Purchases More Bitcoin, KuCoin to Require KYC

Jun 28, 2023

Michael Saylor’s MicroStrategy has purchased another 12,333 Bitcoin at an average price of $28,136. The additional purchase brings the firm’s Bitcoin holdings to over 152,000 BTC at an average price of approximately $29.6k. BTC (-1.09%) has declined slightly in light of the announcement, and ETH (-1.48%) continues to underperform Bitcoin. Injective (INJ) is outperforming today (+1.72%) while also being one of the strongest coins on the week, rising 10.90% compared to Bitcoin’s 0.43% decline. Traditional markets are mixed today as investors digest comments from central bank leaders. The S&P 500 is roughly flat, while the Nasdaq 100 has risen 0.21%.

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