Key takeaways
-
MicroStrategy has bought 9,245 bitcoins and now holds greater than 1% of the whole BTC provide.
-
Bitbot has now raised greater than $1.1 million as its sixth presale stage attracts nearer to an finish.
MicroStrategy now holds greater than 1% of the whole 21 million BTC provide
Michael Saylor-led MicroStrategy has bought a further 9,245 BTC for $623M. This newest growth signifies that the software program firm now holds 214,246 bitcoins, which is greater than 1% of all of the 21 million of the tokens that may ever exist.
The corporate paid roughly $7.53 billion for its BTC stash at a mean of $35,160 per coin. MicroStrategy took benefit of the dip as Bitcoin has been underperforming in latest days. At press time, the worth of Bitcoin stands at $61,908 per coin.
What’s Bitbot?
Whereas the crypto market is experiencing a correction, traders proceed to push funds into tasks nonetheless in presale. A benefactor of this gesture is Bitbot, a singular Web3 undertaking that seeks to offer wonderful providers to cryptocurrency merchants.
Bitbot is a Telegram buying and selling bot that enables merchants to achieve entry to some thrilling options that will assist them with their cryptocurrency buying and selling journey. Based on their whitepaper, Bitbot permits customers to commerce cryptocurrencies by way of their chilly wallets on Telegram. The undertaking is leveraging Telegram’s place as a number one social media platform for crypto customers.
Bitbot’s buying and selling device will include a number of options that may assist merchants execute commerce transparently and securely. These options are often obtainable for institutional traders however, Bitbot will make it straightforward for retail merchants to make use of.
The undertaking intends to reap the benefits of the rising buying and selling quantity within the cryptocurrency market to ascertain itself as a number one buying and selling device. Bitbot might present providers to retail and institutional merchants within the cryptocurrency market.
Bitbot’s options profit retail merchants
Whereas a number of buying and selling instruments are at the moment obtainable to institutional traders, Bitbot is generally focusing on retail merchants. Its Telegram buying and selling device will concentrate on providing tech-savvy options to ease the buying and selling course of for customers.
Bitbot’s main focus will probably be on the safety of person belongings. The device will use the Knightsafe function to supply a self-custody resolution, mitigating the everyday dangers related to Telegram buying and selling.
Moreover, Bitbot will combine anti-MEV and anti-rug options to assist customers shield their belongings. With these options, merchants can shield themselves from bots artificially pumping transaction prices and block rip-off tasks.
Additionally, Bitbot is engaged on integrating an ultra-flexible pockets administration powered by non-custodial API know-how into its device. This know-how will present an added layer of safety to make sure the protection of person funds.
Lastly, the copy buying and selling function on Bitbot will assist new merchants navigate the market and acquire experience, Bitbot can even launch a replica buying and selling function. This function will allow novice merchants to repeat the trades of the strongest-performing wallets primarily based on on-chain actions.
Bitbot’s presale surpasses $1.1 million
The Bitbot presale is progressing excellently and it’s at the moment in its sixth stage. To date, Bitbot has raised $1.1 of the required $1.3 for this stage. Because the presale grows, it signifies rising curiosity from traders.
At present, the $BITBOT token goes for $0.0128 however is ready to extend to $0.0134 as soon as the seventh spherical commences. By way of tokenomics, the event workforce clarified that they might maintain 20% of the whole token provide and use it to fund ongoing growth. Moreover, 14% of the whole token provide is allotted to advertising and marketing & CEX listings. Additionally, one other 3% is allotted to alternate liquidity provision.
Click on right here to learn extra about Bitbot’s upcoming presale.
Must you purchase the BITBOT token now earlier than the value will increase?
The Bitbot presale is shifting quick due to the rising curiosity from traders. The presale is the chance to buy a token at a reduction earlier than they get listed on cryptocurrency exchanges.
To date, Bitbot’s presale goes excellently and its token might rally greater as soon as it will get listed on CEX and DEXs. If BITBOT positive aspects the correct stage of adoption, it may very well be one of many greatest winners on this bull cycle. The undertaking and its token might reap the benefits of the rising buying and selling quantity spurred by the continuing bullish cycle.