Bitcoin Rally From February Lows Driven by Regular Strategy Buys
Cointelegraph
Bitwise's Matt Hougan identifies consistent Bitcoin purchases by Strategy as the primary driver behind the cryptocurrency's recent 20% rally.Summary
Bitwise Chief Investment Officer Matt Hougan states that Strategy has been the primary force behind Bitcoin's recent 20% rally from its February lows. While other factors like ETF inflows and long-term holder activity have contributed, Strategy's aggressive accumulation strategy—funded by its perpetual preferred stock (STRC)—remains the single largest influence. With over 818,000 BTC in its treasury, the company continues to outpace major institutional holders like BlackRock, and analysts suggest its buying trend will persist as long as the STRC yield remains attractive to investors.
(Source：Cointelegraph)