The crypto industry witnessed a bearish momentum this week as most of the tokens and coins saw a slump. In this respect, the values plunged into the red zone during the previous few days nonetheless that has not stopped the presale of Chancer. It keeps on reaching the latest milestones. MicroStrategy of Michael Saylor has continued a venture into the crypto industry by buying additional Bitcoins.
MicroStrategy Secures 5,445 BTC Amid Presale Surge to $2.2 Million
The firm declared the buyout of 5,445 new BTC tokens on Monday in return for $147.3M. Thus, the average price of each BTC token is nearly $27,053. At present, MicroStrategy possesses 158,245 BTC tokens. The price of the respective tokens is approximately $4.68B. Although MicroStrategy acquired more than 5,000 BTC coins, the price of the top crypto token shows a continuous slump.
At this time, the prominent cryptocurrency’s value is up to $26,273. This figure has seen an increase of less than one percent in the recent twenty-four hours. In the previous seven days, the well-known token has gone through a dip of almost two percent in terms of its value. MicroStrategy’s move to buy additional Bitcoin tokens could play the role of a positive indicator.
The Development Shows Crypto Investors’ Faith in Its Next Bull Run
It may signify that more organizational investors still believe in the crypto industry irrespective of the current bearish trend. This also indicates the investors’ likely intention to buy additional crypto tokens and invest in exclusive projects. This would be quite beneficial for them before the upcoming bullish cycle.
Because of Chancer’s exciting prospect, it could be among such projects. Currently, the project is going through its 2nd presale stage. Hence, it has collected up to $2.2 million. The team of Chancer is now establishing an exclusive Web3 peer-to-peer betting forum that is structured to let customers live-stream the events related to betting.
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