The MicroStrategy effect: Rate of corporate bitcoin buys accelerates

If you bought the bitcoin dip, you’re definitely not alone.

At least six companies — five of which are publicly traded — have snapped up bitcoin following its all-time high in March.

MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet and soccer team Real Bedford FC — owned by Bitcoin podcaster Peter McCormack — altogether bought an estimated 48,836 BTC in that period.

They probably paid about $3.09 billion for that stash, which would now be worth closer to $3.1 billion.

And OK, MicroStrategy is relentless. The data intelligence firm was responsible for 97% of the bitcoin bought by those corporations since bitcoin’s recent top, leaving the others to spend roughly…

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