MicroStrategy Bitcoin Purchase for October Drop to 778 BTC
MicroStrategy October Bitcoin purchases don drop to just 778 BTC—wey be 78% drop from September wey be 3,526 BTC. Last week alone, the company buy 390 BTC for $43.3 million, with average price of $111,117 per coin. E bring dem holding reach 640,808 BTC wey dem don buy for $47.4 billion, average cost of $74,032 each. CryptoQuant analysts talk say the slow down na because of funding wahala: premium for MicroStrategy stock fall from 208% to 4%, wey make new capital limited. Even with this one, the company don invest $19.53 billion in Bitcoin this year, and dem dey try pass last year record wey be $21.76 billion. Meanwhile, MSTR shares don drop from July peak near $456 to below $280. Traders go dey watch if MicroStrategy go fit increase how dem dey gather Bitcoin for 2025—plus how e fit affect Bitcoin market.
Bearish
De sharp slowdown wey dey for MicroStrategy Bitcoin accumulation dey reduce one of di biggest institutional demand sources. 78% month-on-month drop to 778 BTC dey show say buying pressure weak, and dis fit affect Bitcoin short-term price. Even though long-term targets still dey, di immediate funding constraints and share price decline dey suggest say upward momentum limited. Traders suppose dey watch if renewed capital raising for 2025 fit restore demand and stabilize di market.