Noticed something interesting in recent bitcoin news - MicroStrategy apparently pumped the brakes on their bitcoin buying last week after grabbing BTC every single week for the past thirteen weeks. That's a pretty wild streak they had going since late December, accumulating over 90k coins in the process. Michael Saylor usually posts his 'Orange Dot' signal on Sunday before the official purchase update, but nothing showed up this time. Instead he was talking about their equity offering. The company confirmed on Monday they didn't buy any BTC that week. Still holding 762,099 bitcoin though at an average price of around $75,694 per coin. What's wild is MSTR stock is still down pretty hard from its peak, trading way below where it was. Meanwhile bitcoin itself is hovering below $72k right now after recent bitcoin news showed some mixed signals in the market. Whale wallets are actually starting to accumulate again though, which is interesting to watch. Sentiment's been flipping bullish with traders eyeing higher levels. Could be a breather before they resume accumulation, or maybe they're just reassessing. Either way, the buying streak was pretty aggressive while it lasted.

BTC1.09%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin