MicroStrategy buy 387 BTC, Holdings don hit 640K BTC wey worth $72B
MicroStrategy don hedge inflation wahala by dey steadily dey buy Bitcoin since 2020. On October 26, CEO Michael Saylor show another “Orange Dot Day” chart for X, confirm di latest weekly buy. Between October 13–20, MicroStrategy add 387 BTC with average cost of $74,010 per coin. Dem total holding now na 640,418 BTC, worth about $72 billion for current price near $114,000. Dis one mean say dem don make 53% gain since dem start buying. October small buys follow after September big buy of over 7,000 BTC. Till now, di company don complete 83 purchase events. MicroStrategy steady Bitcoin plan show say demand from big company dey rise and e give better hope for traders wey dey watch market steadiness.
Bullish
MicroStrategy regular buy Bitcoin show say strong institution demand dey and e reduce how many Bitcoin dey available, this one fit support price small time. Their correct long-term gathering show say dem believe for Bitcoin as inflation shield and money for company treasury, dis one fit make price continue rise. Traders fit see these purchase as good sign, because e dey limit market sell pressure and e show how institution dey adopt more.