Viewpoint: Strategy's Bitcoin Purchases Have Minimal Impact on Price
According to a report by Jinse, TD Cowen's research indicates that despite Strategy's growing influence as a major corporate holder of Bitcoin (BTC), its large-scale cryptocurrency purchases seem to have minimal impact on the price. As per TD Cowen's analysis, Strategy's Bitcoin buying generally constitutes only 3.3% of the weekly trading volume. Over the past 27 weeks, the company's total trading volume accounted for 8.4% of the total trading volume, but this figure is skewed by a few weeks where purchase volumes briefly surged over 20%. There were eight weeks during which Strategy did not buy any Bitcoin at all.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkey's ruling party proposes a 10% tax on crypto income and a 0.03% transaction tax for service providers
US short-term CPI swaps surge sharply, 1-year contract rises to 2.62%
Trending news
MoreAccording to the latest filing submitted to the U.S. Securities and Exchange Commission (SEC), healthcare giant Humana stated that its GAAP-based earnings per share (EPS) guidance for fiscal year 2026 may be adjusted due to the company's ongoing value creation plan and other strategic initiatives.
Turkey's ruling party proposes a 10% tax on crypto income and a 0.03% transaction tax for service providers
Crypto prices
More
