:microstrategy: MicroStrategy adds ₿55,000 for U.S. $5.4B, boosting its total to ₿386,700 #Bitcoin ($21.9B invested). Avg cost: $56,761/BTC
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In Coinbase re selling those BTC?
So odd that dude buys 55k BTC and the price dumps 😂😂
I would not call it a dump just yet Su-do, it really is that we are having a 5% correction after a 80% run up. I think BTC price will likely range between 90 and 100 for a little while before gathering momentum again.
Yea I mean correction rather than dump for sure
Still strange that the price didn't go up, instead. Why is that?
Large-scale #Bitcoin acquisitions, such as those by Michael Saylor's MicroStrategy, are often conducted through over-the-counter (OTC) transactions to avoid immediate price impacts on exchanges. OTC trades occur off-exchange, mitigating volatility by keeping the activity private, but they can still influence market dynamics over time. For example, a buyer purchasing 1 million BTC OTC might initially avoid significant price changes, but as liquidity is reduced, future transactions—whether OTC or on exchanges—would likely reflect a tighter supply, causing prices to rise. While OTC trades minimize immediate price disruptions, their effects on market liquidity and pricing emerge gradually.
Interesting... Thank you!
Big bull 🦬
Do you have yours yet? The gold rush has begun.
Zero interest loan again???