MicroStrategy, led by Michael Saylor, has recently made a significant purchase of 9,245 bitcoins for $623 million. This brings their total holdings to 214,246 bitcoins, which is more than 1% of the total 21 million BTC supply that will ever exist.
The company took advantage of the recent dip in Bitcoin’s price, purchasing the coins at an average of $35,160 per coin. At the time of writing, Bitcoin’s price stands at $61,908 per coin.
Meanwhile, Bitbot, a unique Web3 project, has raised over $1.1 million in its presale stages. As their sixth stage comes to an end, investors continue to show interest in the project.
Bitbot is a Telegram trading bot that offers various features to help traders in the cryptocurrency market. These features, which are usually only available to institutional investors, will now be accessible to retail traders through the platform.
One of the main focuses of Bitbot is security, with features such as Knightsafe, anti-MEV, and anti-rug solutions to protect user assets. They also offer a copy trading feature and an ultra-flexible wallet management system powered by non-custodial API technology.
The presale for the Bitbot token is currently in its sixth stage, with the project having raised $1.1 million of the required $1.3 million. The token is currently priced at $0.0128 but is set to increase to $0.0134 once the seventh round begins.
Investing in the Bitbot token during the presale is an opportunity to purchase at a discount before it gets listed on cryptocurrency exchanges. With the potential for increased adoption and trading volume during this bullish cycle, Bitbot could be a major winner in the market.
