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Bitcoin Reclaims $111K After Strategy and Metaplanet Go Bargain Hunting

The two public firms bought more than half a billion dollars’ worth of bitcoin on Labor Day, likely contributing to Tuesday’s recovery. Institutional Buying Spree Sends BTC Back Above $111K While some bemoaned bitcoin’s...

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Bitcoin Reclaims $111K After Strategy and Metaplanet Go Bargain Hunting
The two public firms bought more than half a billion dollars’ worth of bitcoin on Labor Day, likely contributing to Tuesday’s recovery. Institutional Buying Spree Sends BTC Back Above $111K While some bemoaned bitcoin’s drop below $108K over the holiday weekend, Michael Saylor’s Strategy and Simon Gerovich’s Metaplanet took advantage of the cryptocurrency’s discounted price […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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