BREAKING: Strategy Announces Biggest Purchase in Months
Analysis
Price Impact
MedMicrostrategy's substantial acquisition of 10,624 btc for nearly $1 billion, despite not causing an immediate price surge, signifies strong institutional confidence and demand for bitcoin. such large purchases typically have a sustained, underlying positive effect on market sentiment.
Trustworthiness
HighThe report is based on verifiable information regarding microstrategy's public bitcoin acquisitions, a well-documented and consistent strategy.
Price Direction
BullishThe continuous large-scale accumulation of bitcoin by a major corporate entity like microstrategy, which operates with a long-term hodl strategy, reduces the available supply on exchanges and reinforces bitcoin's value proposition, contributing to a bullish long-term outlook.
Time Effect
LongMicrostrategy's strategy is inherently long-term, focused on accumulating and holding bitcoin as a primary treasury reserve asset. their large purchases remove significant amounts of btc from circulation, contributing to long-term supply scarcity and price support.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Strategy (MicroStrategy) has acquired 10,624 BTC for $962.7 million at an average price of $90,615 per bitcoin. Advertisement Its total holdings to 660,624 BTC with an average acquisition cost of $74,696 per bitcoin. The December purchase is the largest in Q4, surpassing the Nov. 17 buy (8,178 BTC) and dwarfing the smaller weekly tranches (168–525 BTC in October/November). Bitcoin remains unfazed However, the mammoth purchase has had little impact on the Bitcoin price, which is still sitting just below $92,000. Advertisement MSTR is up by 3% in pre-market trading following the recent announcement. #Bitcoin News #MicroStrategy News