MicroStrategy Buy 4,225 Bitcoin, Dem Hold Now Reach 601,550 BTC
MicroStrategy don buy 4,225 Bitcoin from July 7 reach 13, price average na $111,827 per coin, dem spend $472.5 million. Dem use their ATM program pay for am—dem sell 797,000 MSTR shares for $330.9 million—and also issue perpetual preferred stocks under 42/42 plan. Now, dem hold total 601,550 BTC with cost basis $71,268 per BTC ($42.87 billion) and market value na about $72.25 billion, plus 68.5% paper profit. Meanwhile, Bitcoin treasury company Metaplanet add 797 BTC to im reserves, total now 16,352 BTC with average cost $100,191. Glassnode on-chain data show strong accumulation for holders wey get 1,000–10,000 BTC, but big big whales wey get over 10,000 BTC dey start to distribute, and retail investors wey get less than 1 BTC don begin to accumulate again. Bitcoin reach new high $123,000 before e settle down to $119,900. Continued institutional buy for Bitcoin at record prices show say dem get strong confidence and fit push price higher.
Bullish
Di koko MicroStrategy dem and their related companies dey buy Bitcoin for record high price, e show say dem get strong confidence, e still boost how people feel positive about am. On-chain metrics wey dey show say big big buyers and small buyers still dey accumulate support the momentum well well. For short term, big big buying fit make price stabilize for current level, but long term institution buying go still support strong upward trend for Bitcoin.