Despite Bitcoin’s price struggling below $30,000, some major companies are continuing to accumulate the cryptocurrency.
As of August 1, MicroStrategy held a whopping 152,800 BTC and had purchased 12,800 BTC in the previous quarter.average cost of $29,672 per BTCMicroStrategy’s CEO, Michael Saylor, often praises Bitcoin in the media and has said that he believes it’s superior to traditional FIAT currencies. The firm’s Chief Investment Officer, Christopher Ferraro, has previously expressed his optimism about the future of Bitcoin, citing institutional interest and the potential approval of spot BTC ETFs as key catalysts going forward.
Since Marathon Digital is a Bitcoin mining company, it mines enormous amounts of BTC each month, thanks to its colossal hash rate., equating to approximately $379 million. Bitcoin Minetrix’s developers aim to make BTC mining more accessible and efficient – especially for everyday crypto enthusiasts who typically face high barriers to entry when it comes to Bitcoin mining., the process works through BTCMTX, the platform’s native token.