MicroStrategy Don Add 245 BTC for $105.9K to 592K BTC Treasury
MicroStrategy don continue dey buy plenty Bitcoin tey tey by buying 245 BTC between June 16 and 22 for average price of $105,856, dem use market preferred stock dem raise money. Dis newest buy don make dem get total 592,345 BTC for their treasury, pass dem average buy price of $70,681 per coin. Dem talk say inflation and shak shaky money policy make dem dey see Bitcoin as better reserve asset. With 19.2% Bitcoin yield for 2025 so far, MicroStrategy move under Michael Saylor don make people believe say big institutions fit buy wella to hold sell pressure and make price stable. Inspired by this, Japan Metaplanet don gather 11,111 BTC, South Korea Parataxis wan set BTC treasury tool, and KindlyMD wey dey USA dey merge with Nakamoto Holdings to make their reserve strong.
Bullish
MicroStrategy wey dey continue dey build im Bitcoin treasury anytime price dip show say institution dem get confidence plus say e dey easy make dem get funding wit dem at-the-market offers. Big big buy-dem dey absorb the sell-pressure and e dey give stability, e fit make oda companies follow same plan plus e dey help Bitcoin price both short term—cos e dey reduce di available supply—and long term—cos e dey increase di demand for reserve asset.