MicroStrategy Buys 6,911 BTC for $584.1 Million, Boosting Holdings to $42.8 Billion Amidst Market Uncertainty

Despite bullish signals, Bitcoin's price remains range-bound. On March 24, MicroStrategy disclosed a purchase of 6,911 BTC between March 17 and March 23 for $584.1 million, bringing their total holdings to 506,137 BTC, valued at $42.8 billion. The purchase briefly boosted market sentiment, shifting the Crypto Fear and Greed Index from "Extreme Fear" to "Greed." GameStop's potential addition of Bitcoin to its treasury and Trump's support at the Digital Asset Summit on March 20 further fueled optimism. Ripple's settlement with the SEC also added to the positive news flow. However, Bitcoin's price has not broken out, amidst shaky stock markets, inflation concerns, and new tariffs.