Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market
Strategy, the Michael Saylor-led firm previously generally known as MicroStrategy, has surpassed BlackRock’s flagship spot Bitcoin exchange-traded fund (ETF) to turn out to be the world’s largest institutional holder of Bitcoin. According to an April 20 regulatory filing with the Securities and Exchange Commission (SEC), Strategy acquired an extra 34,164 Bitcoin over the previous week…
