MicroStrategy now holds over 1% of the entire BTC provide: do you have to make investments extra in crypto?

Key takeaways

• MicroStrategy has bought 9,245 bitcoins and now holds greater than 1% of the entire 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 entire 21 million BTC provide

Michael Saylor-led MicroStrategy has bought a further 9,245 BTC for $623M. This newest growth implies 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 current days. At press time, the worth of Bitcoin stands at $61,908 per coin. 

What’s Bitbot?

Whereas the crypto market is experiencing a correction, buyers proceed to push funds into tasks nonetheless in presale. A benefactor of this gesture is Bitbot, a novel Web3 challenge that seeks to supply glorious companies to cryptocurrency merchants. 

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

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

The challenge intends to reap the benefits of the rising buying and selling quantity within the cryptocurrency market to ascertain itself as a number one buying and selling software. Bitbot might 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 at the moment out there to institutional buyers, Bitbot is generally focusing on retail merchants. Its Telegram buying and selling software will concentrate on providing tech-savvy options to ease the buying and selling course of for customers.

Bitbot’s main focus will likely be on the safety of person property. The software will use the Knightsafe function to supply a self-custody answer, mitigating the standard dangers related to Telegram buying and selling. 

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

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

Lastly, the copy buying and selling function on Bitbot will assist new merchants navigate the market and acquire experience, Bitbot may also launch a replica buying and selling function. This function 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 at the moment in its sixth stage. To date, Bitbot has raised $1.1 of the required $1.3 for this stage. Because the presale grows, it signifies rising curiosity from buyers. 

Presently, the $BITBOT token goes for $0.0128 however is ready to extend to $0.0134 as soon as the seventh spherical commences. By way of tokenomics, the event workforce clarified that they’d maintain 20% of the entire token provide and use it to fund ongoing growth. Moreover, 14% of the entire 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 shifting quick because of the rising curiosity from buyers. The presale is the chance to buy a token at a reduction earlier than they get listed on cryptocurrency exchanges. 

To date, Bitbot’s presale goes excellently and its token might rally larger as soon as it will get listed on CEX and DEXs. If BITBOT positive factors the precise degree of adoption, it could possibly be one of many largest winners on this bull cycle. The challenge and its token might reap the benefits of the rising buying and selling quantity spurred by the continuing bullish cycle.