After reaching capitalisation of $1 trillion, the leading cryptocurrency continued its rapid ascent. By the evening of February 19, the price of digital gold broke through the $55,000 level.
Data: TradingView.
The rally in the asset during the closing week came amid MicroStrategy’s continued investment in the leading cryptocurrency.
On February 16, the firm announced the issuance of convertible bonds worth $600 million to invest in Bitcoin. The asset’s price broke through the $50,000 level.
Today, February 19, the company announced the closing of the debt-offering round for the full amount of $1.05 billion. All funds will be invested in the leading cryptocurrency.
Follow Forklog news on Facebook!