MicroStrategy now holds over 1% of the total BTC supply: should you invest more in crypto?

Key takeaways

• MicroStrategy has bought 9,245 bitcoins and now holds greater than 1% of the full BTC provide.

• Bitbot has now raised greater than $1.1 million as its sixth presale stage attracts nearer to an finish. 

MicroStrategy now holds greater than 1% of the full 21 million BTC provide

Michael Saylor-led MicroStrategy has bought an extra 9,245 BTC for $623M. This newest growth signifies that the software program firm now holds 214,246 bitcoins, which is greater than 1% of all of the 21 million of the tokens that can ever exist.

The corporate paid roughly $7.53 billion for its BTC stash at a mean of $35,160 per coin. MicroStrategy took benefit of the dip as Bitcoin has been underperforming in latest days. At press time, the value of Bitcoin stands at $61,908 per coin. 

What’s Bitbot?

Whereas the crypto market is experiencing a correction, traders proceed to push funds into initiatives nonetheless in presale. A benefactor of this gesture is Bitbot, a singular Web3 undertaking that seeks to supply wonderful companies to cryptocurrency merchants. 

Bitbot is a Telegram buying and selling bot that enables merchants to realize entry to some thrilling options that might assist them with their cryptocurrency buying and selling journey. In accordance with their whitepaper, Bitbot permits customers to commerce cryptocurrencies through their chilly wallets on Telegram. The undertaking is leveraging Telegram’s place as a number one social media platform for crypto customers.

Bitbot’s buying and selling device will include a number of options that can assist merchants execute commerce transparently and securely. These options are often out there for institutional traders however, Bitbot will make it straightforward for retail merchants to make use of. 

The undertaking intends to benefit from the rising buying and selling quantity within the cryptocurrency market to determine itself as a number one buying and selling device. Bitbot may present companies to retail and institutional merchants within the cryptocurrency market. 

Bitbot’s options profit retail merchants

Whereas a number of buying and selling instruments are presently out there to institutional traders, Bitbot is generally concentrating on retail merchants. Its Telegram buying and selling device will give attention to providing tech-savvy options to ease the buying and selling course of for customers.

Bitbot’s main focus will probably be on the safety of consumer belongings. The device will use the Knightsafe characteristic to supply a self-custody resolution, mitigating the standard dangers related to Telegram buying and selling. 

Moreover, Bitbot will combine anti-MEV and anti-rug options to assist customers shield their belongings. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off initiatives.

Additionally, Bitbot is engaged on integrating an ultra-flexible pockets administration powered by non-custodial API expertise into its device. This expertise will present an added layer of safety to make sure the security of consumer funds. 

Lastly, the copy buying and selling characteristic on Bitbot will assist new merchants navigate the market and acquire experience, Bitbot will even launch a replica buying and selling characteristic. This characteristic will allow novice merchants to repeat the trades of the strongest-performing wallets based mostly on on-chain actions.

Bitbot’s presale surpasses $1.1 million

The Bitbot presale is progressing excellently and it’s presently in its sixth stage. Thus far, Bitbot has raised $1.1 of the required $1.3 for this stage. Because the presale grows, it signifies rising curiosity from traders. 

At present, the $BITBOT token goes for $0.0128 however is ready to extend to $0.0134 as soon as the seventh spherical commences. When it comes to tokenomics, the event group clarified that they might maintain 20% of the full token provide and use it to fund ongoing growth. Moreover, 14% of the full token provide is allotted to advertising and marketing & CEX listings. Additionally, one other 3% is allotted to trade liquidity provision.

Click on right here to learn extra about Bitbot’s upcoming presale.

Do you have to purchase the BITBOT token now earlier than the worth will increase?

The Bitbot presale is transferring quick because of the rising curiosity from traders. The presale is the chance to buy a token at a reduction earlier than they get listed on cryptocurrency exchanges. 

Thus far, Bitbot’s presale goes excellently and its token may rally larger as soon as it will get listed on CEX and DEXs. If BITBOT good points the suitable stage of adoption, it might be one of many greatest winners on this bull cycle. The undertaking and its token may benefit from the rising buying and selling quantity spurred by the continuing bullish cycle.