Bitcoin hits $52000 to set a new all-time high

by in Cryptocurrency News

BTC

On February 17, the price of BTC crossed the $ 52000 mark.

The asset is growing amid news from the software provider Microstrategy, which raised the target of issuing convertible notes from $ 600 million to $ 900 million with the option to purchase an additional $ 150M. The company will use the rewards from the sale to purchase the first crypto.

In December, the company raised $ 650 million in the same way and purchased 29,646 BTC at an average price of $ 21,925. In January and February, Microstrategy bought another 314 BTC (average price $ 31,808) and 295 BTC (average price $ 33,808), respectively.

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Microstrategy owns 71,079 BTC, and Tesla Elon Musk invested $ 1.5 billion in Bitcoin in early February using Coinbase.