MicroStrategy Continues to Double Down on Bitcoin as Mutuum Finance Attracts Thousands of Users

MicroStrategy, a well-known institutional investor in Bitcoin, has made another significant purchase of the cryptocurrency. The company acquired 2,486 BTC between February 9 and 16 at an average price of $67,710 per coin. This brings their total holdings to over 717,000 BTC, making them one of the largest holders of the cryptocurrency.

Mutuum Finance, a newer DeFi platform, is gaining traction with its presale phase attracting thousands of users. The project has already sold over $20.6 million worth of tokens and has nearly half of its allocation secured. With its V1 protocol live on testnet, users can explore core lending and borrowing features before mainnet deployment.

Despite market volatility and a liquidity squeeze, institutional capital is consolidating into large-cap assets like Bitcoin. This consolidation is drawing attention away from altcoins, which are struggling to gain traction. However, projects like Mutuum Finance that offer utility-driven models and mechanisms are attracting users looking for alternative opportunities.