CryptoQuant CEO: If BTC breaks through $100,000, it will enter the price discovery stage and revenue may grow further

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ODAILY
12-03
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Odaily Planet Daily Report: CryptoQuant CEO Ki Young Ju posted on that in the past 30 days, MicroStrategy (MSTR) spent $13.5 billion to buy 149,900 BTC, and the value of its holdings increased by $21.5 billion. The Bitcoin market cannot absorb hundreds of billions of dollars in the short term without pushing up the price, so the return is almost inevitable. If BTC breaks through $100,000, as it enters the price discovery phase, the gains may further increase. Yesterday, Michael Saylor posted on platform that MicroStrategy acquired 15,400 BTC at a price of about $1.5 billion, and as of December 2, 2024, it holds 402,100 BTC at an average price of $58,263, achieving a BTC return rate of 38.7% so far this quarter and 63.3% since the beginning of the year.

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