Strategy has significantly increased its Bitcoin holdings by acquiring over 10,000 BTC in the past week, valued at more than $900 million. This acquisition brings the firm's total Bitcoin holdings to 671,000 BTC, worth over $50 billion. The move comes as Bitcoin prices continue to decline, raising questions about the cryptocurrency's market dominance and available supply.
Analysts have observed that the market is experiencing tighter liquidity conditions as large holders, or 'whales', continue to accumulate Bitcoin. This trend is further compounded by a reduction in Bitcoin holdings on exchanges, suggesting a potential impact on the available supply of the cryptocurrency.
Strategy Acquires 10,000 BTC Amid Market Decline, Sparking Supply Concerns
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