Michael Saylor’s Strategy kickstarts November with $45M Bitcoin buy
Cointelegraph
MicroStrategy purchased $45.6 million in Bitcoin last week, though its overall buying pace remains slow compared to prior months.Summary
MicroStrategy acquired 397 Bitcoin (BTC) valued at $45.6 million last week, bringing its total holdings to 641,205 BTC, purchased for an average price of $74,047 per coin. This recent purchase continues a trend of slower accumulation, as the company only bought 778 BTC in October, significantly less than the 3,526 BTC acquired in September. Analysts, including CryptoQuant's founder Ki Young Ju, warn that this reduced pace of accumulation by MicroStrategy and US spot Bitcoin ETFs could hinder Bitcoin's price recovery until these major demand drivers resume large-scale buying.
(Source：Cointelegraph)