Bitcoin Rallies Above $88,000 Boosted by Microstrategy’s Latest $555 Million Purchase

Crypto markets kicked off the week in the green as investor sentiment was buoyed by Microstrategy’s latest Bitcoin purchase. “MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin,” revealed founder Michael Saylor on X. The company now holds 538,200 BTC worth $47 billion at current prices. Bitcoin spiked above $88,000 for the first time in three weeks before retracing, while Ether climbed 2% to $1610. XRP gained 1.5%, while SOL traded flat at $136 over the past 24 hours. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io