Strategy Announces Fresh Bitcoin Purchase Following BitDeer's Exit
Analysis
Price Impact
LowStrategy's purchase of 592 btc is a very small amount relative to the total bitcoin supply and the daily trading volume, making it unlikely to significantly impact the price.
Trustworthiness
HighThe information is directly from a business intelligence firm and its ceo, michael saylor, a well-known bitcoin proponent, making the details of their purchases highly credible.
Price Direction
NeutralWhile strategy continues to accumulate, the broader market sentiment is mixed, with bitcoin teetering near $66,000 and the ceo mentioning a potential bear market. bitdeer's liquidation adds a counteracting bearish signal, leading to a neutral short-term outlook.
Time Effect
ShortThis specific purchase is a single event that has already occurred. its immediate impact is already factored into current price movements, and further price changes will depend on broader market factors and future actions.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Business intelligence firm Strategy has snapped up an additional 592 BTC for roughly $39.8 million. Advertisement The company’s total holdings now stand at an extremely impressive 717,722 BTC. Unsurprisingly, the relatively small purchase failed to move for the price of BTC. The key coin is currently teetering on the edge of plunging below the $66,000. HOT Stories Morning Crypto Report: 12.25 Million XRP Leave OKX by February, Cowen Projects March Bitcoin Peak, USDT Liquidity Now Mirrors 2022 Bottom Crypto Market Review: XRP's Double Bottom Could Be Key, Bitcoin Is Literally on the Edge, Shiba Inu (SHIB) Price Is Trapped Now As reported by U.Today, Strategy CEO Michael Saylor recently confirmed that Bitcoin is now in the middle of a bear market. However, he expects this crypto winter to be less severe compared to the previous cycles. Advertisement BitDeer's exit Strategy's most recent purchase does not even remotely come as a surprise, given that Saylor explicitly teased it on Monday. However, the timing is quite notable, given that it comes shortly after mining firm Bitdeer decided to liquidate its entire Bitcoin treasury down to zero, which is a highly unusual move. Under the leadership of CEO Jihan Wu, the company hasopted for immediate cash liquidity over holding 2,000 BTC. You Might Also Like Sun, 02/22/2026 - 18:30 Strategy on Track to Reach 750K BTC as Saylor Teases Another Purchase By Alex Dovbnya Advertisement Bitdeer is aggressively securing "powered land acquisitions" to expand its data center footprint. That being said, Wu was quick to reassure the market that the company's zero-balance is only temporary, and Bitdeer is not completely giving up on BTC. In the meantime, Strategy's Saylor recently stated that the company would not be selling BTC despite sitting on significant unrealized losses. As reported by U.Today, the company stated that it would be able to weather a crash all the way to the $8,000 level. #Bitcoin Price Prediction