Strategy add 1,587 BTC, boost USD reserves as Bitcoin FUD dey calm down
Strategy (Michael Saylor firm) buy 1,587 BTC for about $100 million, average price just above $63,000. Dis buy raise Strategy total Bitcoin holding to 846,842 BTC (near $56 billion) and add $100 million to im USD reserve make am $1.1 billion.
Dis latest buy come after Strategy sell BTC for first time in about four years — dem sell 32 BTC to fund preferred stock distributions, including cash dividends — critics talk say na na capitulate because “Bitcoin FUD” and price drop reach 19-month low below $60,000.
Separately, US spot Bitcoin ETFs record fourth week straight of net outflows totaling $1.72 billion, wey fit weigh down sentiment short-term even though Strategy dey still accumulate Bitcoin wey support institutional demand.
For traders, signal mixed: institutional accumulation around BTC dey strong, but ETF outflows and narrative-driven volatility fit still pressure short-term price action.
Bullish
Strategy wey dey continue dey accumulate Bitcoin na direct good signal for BTC. Di firm add more BTC shortly after im small dividend-linked sale, and e increase im USD reserve too—show say e fit still dey fund both purchases and shareholder distributions during volatility. Dis fit make traders wey dey look for institutional support feel more bullish.
But short-term impact no pure bullish. Spot Bitcoin ETFs don record $1.72 billion net outflows for fourth week straight, wey fit cap upside and keep volatility high. Overall, net effect for BTC na bullish bias (institutional bid stronger pass di negative narrative), but traders suppose expect choppy price action till ETF flows stabilize.