MicroStrategy, MARA don increase Bitcoin accumulation by 620 BTC
MicroStrategy resume dem disciplined Bitcoin accumulation strategy, add 220 BTC for average price $123,561 from October 6 to 12, fund di $27.2 million purchase through at-the-market offerings of STRF, STRK and STRD. Meanwhile, MARA Holdings buy 400 BTC per $115,800, spend about $46.3 million and raise total holdings to 53,250 BTC. Dis institutional buying dem increase Bitcoin accumulation by 620 BTC, show say market still dey interested even when Fear & Greed Index drop reach 24 before e bounce back reach 38. Di latest BTC buys dey reinforce market stability and bullish sentiment as investors dey see Bitcoin accumulation as hedge against low-yield assets.
Bullish
Di combined wahala wey MicroStrategy and MARA dey put for Bitcoin dey mean say e go make BTC price go up. For short time, di big buy dem of 220 BTC and 400 BTC show say demand strong, fit make supply tight and help keep price steady when market dey shake. For long term, di way dem dey keep run market make money to buy more Bitcoin mean say company dem don begin reason digital asset well well, e go make market dey confident and fit push BTC price sharp up steady steady.