MicroStrategy Buys 5,445 Bitcoins as Chancer’s Presale Reaches $2.2 Million

10:30 am
September 26, 2023

The cryptocurrency market began the week with prices of most coins and tokens in the red zone, but this hasn’t stopped Chancer’s presale from hitting new milestones. Meanwhile, MicroStrategy, led by Michael Saylor, continues its cryptocurrency buying spree.

Summary

MicroStrategy has purchased an additional 5,445 bitcoins at an average price of $27,053 per coin, totaling $147.3 million. This brings MicroStrategy’s total bitcoin holdings to 158,245 bitcoins, acquired for a total of $4.68 billion. Despite the purchase, the price of BTC remains below $26,500. Chancer, a blockchain-based betting platform, is also making progress with its presale, raising over $2.2 million.

MicroStrategy purchases 5,445 bitcoins

MicroStrategy, the company led by Michael Saylor, has bought 5,445 bitcoins for $147.3 million at an average price of $27,053 per coin. This latest acquisition brings MicroStrategy’s total bitcoin holdings to 158,245 bitcoins, acquired for a total of $4.68 billion. Despite the purchase, the price of Bitcoin continues to underperform, standing at $26,273 at the time of writing.

What does this mean for Chancer?

MicroStrategy’s continued bitcoin purchases could indicate growing confidence from institutional investors in the crypto market, even during a bearish trend. This could lead to more investors looking to buy cryptocurrencies and invest in promising projects ahead of the next bullish cycle. Chancer, with its unique Web3 peer-to-peer betting platform, could be one of those projects. In its second presale stage, Chancer has already raised over $2.2 million.

CHANCER to go for $0.013 in the next presale stage

Chancer’s second presale stage is nearing completion, and the team will move on to the next phase. In this stage, the CHANCER token is priced at $0.012 USDT. The token price will increase to $0.013 in the third presale round. The Chancer team aims to raise a total of $15 million through 12 presale events. The CHANCER token will have various uses within the ecosystem, including creating and investing in markets and participating in predictive markets.

Should you invest in Chancer now?

With the current bearish market, investors have more opportunities to invest in quality projects. Chancer’s unique niche in decentralizing the betting ecosystem could lead to significant adoption within the Web3 space and beyond. Investing in Chancer early on could potentially yield long-term gains as the platform gains traction and the CHANCER token rallies higher.

FAQ

What is MicroStrategy?

MicroStrategy is a business intelligence company led by CEO Michael Saylor. The company has become known for its significant investments in Bitcoin as a treasury reserve asset.

What is Chancer?

Chancer is a blockchain-based betting platform that aims to decentralize the online betting industry and enable peer-to-peer betting. It offers users various betting opportunities beyond traditional sports and casino bets.

How much did MicroStrategy spend on bitcoins?

MicroStrategy spent $147.3 million to purchase 5,445 bitcoins at an average price of $27,053 per coin.

What is the price of Bitcoin now?

At the time of writing, the price of Bitcoin is $26,273.

How much has Chancer raised in its presale?

Chancer has raised over $2.2 million in its second presale stage.


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