Bitcoin's (EXANTE: Bitcoin) market capitalization has broken through the $1 trillion mark as the price comes closer to $55,000. As of press time, BTC is trading at $54,773 (+5.79%).
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Bitcoin's market dominance is set at 61.29%, according to COIN360. Thus, bitcoin has become the very first cryptocurrency to achieve such a big market cap. The price movements come amid MicroStrategy's announcement that it had raised over $1 billion in debt offering. The company said it intends to use the net proceeds from the sale of the notes to buy additional bitcoins.
So far, MicroStrategy owns 71,079 BTC, valuing its cryptocurrency holdings at about $3.89 billion.
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