Opinion: Strategy's Bitcoin purchases have little impact on the price of the currency

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On April 21, according to a TD Cowen research report, despite Strategy's growing influence as a major corporate holder of BTC, its large-scale cryptocurrency purchases seem to have almost no impact on its price.

Based on TD Cowen's analysis, Strategy's BTC purchases typically account for only 3.3% of weekly trading volume. Over the past 27 weeks, the company's total trading volume represented 8.4% of the volume, but this figure is skewed by occasional spikes of over 20% in a few weeks. In eight of those weeks, Strategy did not buy any BTC at all. (CoinDesk)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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