Strategy Plans for Di Third Bitcoin Purchase As BTC Price Just Dey Ground
Business intelligence firm wey dem dey call Strategy, wey Michael Saylor dey lead, dem dey ready to do their third bitcoin buy for this August even though BTC price no dey move. According to SaylorTracker, Strategy add 430 BTC for August 18 for $51.4 million, this make their total holdings come reach 629,376 BTC wey worth over $72 billion. So far for August, dem don buy 585 BTC. This speed show say dem don shift from their usual large-scale buys. The company bitcoin buy strategy get 56% unrealized gain wey worth $25.8 billion at current value. Strategy dey use over-the-counter (OTC) channels to buy bitcoin. Corporate treasurer Shirish Jajodia talk say OTC deals dey avoid price spike and protect Bitcoin liquidity. With Bitcoin daily trading volume pass $50 billion, multi-day OTC buys no too affect market. Even though Strategy bitcoin reserves dey increase for value, their stock don feel pressure. Shares drop to $325, lowest in four months before e bounce back to $358. Despite equity volatility, Strategy still dey committed to consistent bitcoin accumulation, e dey reinforce bitcoin role as treasury asset for institutions. This third bitcoin buy show say Strategy be leader as world largest corporate bitcoin holder. Their continuous accumulation fit influence institutional adoption and market sentiment.
Bullish
Strategy third bitcoin buy wen price no too move show say institutional demand still dey strong. For history, big company purchase don help boost BTC price and ginger positive market feeling. Strategy buy OTC way no go shak market well, e show say dem wan hold for long term. When demand dey go up but supply remain steady, price fit rise. For short term, small buys no too get power for shaking market; but for long term, if biggest corporate holder continue to gather, e go support better price trend and fit make more institutional investors show interest.