#BTCRebound #BTCRebound MicroStrategy buys Bitcoin worth up to 285 million dollars, creating momentum for institutional investors' accumulation

Abraxas Capital's Bitcoin purchase occurred right after MicroStrategy's latest announcement – the company that owns the most BTC in the world. Recently, MicroStrategy announced that they purchased 285 million dollars of Bitcoin, at an average price of 82,618 dollars for each BTC.

MicroStrategy's move further motivates large companies in the Bitcoin accumulation activities.

Currently, the trend of holding BTC is still spreading among institutional investors and cryptocurrency whales.

Recent data shows that these individuals/institutions holding the most Bitcoin are collectively purchasing newly mined Bitcoin.