Strategy added 249 BTC last week, and its USD reserves fell to $5.52 billion
Don’t automatically assume “mindless buying” whenever you see a company buying crypto.
BlockBeats reported on October 12 that Strategy added 250 $BTC last week, while its USD reserves fell to $5.52 billion, down $193 million from before. Its total Bitcoin holdings rose to 848,250.
One observation: It continues to add to its holdings on the open market, with its portfolio becoming increasingly concentrated in BTC. Another observation: Its 250 BTC purchase for the week is markedly smaller than the thousands of BTC it had often been buying previously, while its USD reserves have also declined.
Which signal matters more to you going forward: a return to weekly purchases in the thousands, or whether changes in USD reserves will affect the pace of future buying?
Image 1: Strategy added 249 BTC last week, and its USD reserves fell to $5.52 billion · Partial screenshot of the source page
Image source: https://www.theblockbeats.info/flash/371391
Don’t automatically assume “mindless buying” whenever you see a company buying crypto.
BlockBeats reported on October 12 that Strategy added 250 $BTC last week, while its USD reserves fell to $5.52 billion, down $193 million from before. Its total Bitcoin holdings rose to 848,250.
One observation: It continues to add to its holdings on the open market, with its portfolio becoming increasingly concentrated in BTC. Another observation: Its 250 BTC purchase for the week is markedly smaller than the thousands of BTC it had often been buying previously, while its USD reserves have also declined.
Which signal matters more to you going forward: a return to weekly purchases in the thousands, or whether changes in USD reserves will affect the pace of future buying?
Image 1: Strategy added 249 BTC last week, and its USD reserves fell to $5.52 billion · Partial screenshot of the source page
Image source: https://www.theblockbeats.info/flash/371391