MicroStrategy's Bitcoin Buys: Lost in Supply Surge
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MicroStrategys massive bitcoin purchases, including a recent 4,871 BTC buy for $330 million, arent significantly impacting bitcoins price due to substantial supply dumps from long-term holders and capital outflows. Spot bitcoin ETFs in the U.S. saw $1 billion inflows, while miners add 450 BTC daily, increasing supply pressure. However, bitcoins realized cap dropped $29 billion since February, and BlackRocks ETF open interest fell over $4 billion, overshadowing MicroStrategys buying power.
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