Mt. Gox continues moving Bitcoin to exchanges for repayments to creditors. The FOMC held US interest rates steady, resulting in a BTC price decline. US Senator Cynthia Lummis officially introduced the Bitcoin Act in the Senate. Michael Saylor's MicroStrategy holds 226,500 Bitcoins at an average cost of $36,821 each. On-chain data shows reduced selling pressure. Bitcoin’s price failed to close above $70,000 at the beginning of the week and dropped to $64,000 by Friday. Mt.
The company now holds 226,500 bitcoins, reflecting a market value 70% higher than its cost basis. Since the beginning of Q2, MicroStrategy acquired 12,222 bitcoins at an average price of $65,882 per Bitcoin, bringing its total bitcoin holdings to $8.3 billion, or $36,821 per Bitcoin. Additionally, the company purchased 169 Bitcoins in July for $11.4 million.