After a trip below $30,000 provided fresh buyer support, Bitcoin shows signs of a revival on late January 22.
On Friday, Cointelegraph Markets data shows a better BTC/USD trading day, with daily gains at 8.5% at the time of publishing. The recovery followed a turbulent 24 hours in which Bitcoin fell to $28,950, a main amount for whale funding and just its second dip this year below $30,000.
At the same time, the well-known for its ever-increasing Bitcoin treasury, MicroStrategy reported that it had bought 314 BTC to put its total hoard to BTC 70,784.
In a tweet, CEO Michael Saylor said the coins cost $31,808 on average. He said the purchase was consistent with the treasury reserve program of MicroStrategy.
This is the first treasury padding by MicroStrategy since splurging $600 million after a leverage spike on the market-leading cryptocurrency.
The new buy-in arrived at an average cost of $31,808 per Bitcoin and joins the ongoing purchases of fund manager Grayscale that have defy overall selling activity in the past few weeks.