Franklin Templeton Digital Assets said that the future of corporate crypto treasury strategies is contingent on several critical factors.
New York-based Pomerantz claims the company made false and misleading statements about its bitcoin investment strategy.
On Tuesday, TD Cowen analysts added new "buy" ratings and price targets to Strategy's STRF, STRK, and STRD shares.
Strategy, formerly known as MicroStrategy, is on track to report an impressive $14 billion in unrealized gains from its extensive Bitcoin accumulation strategy. Co-founded by Michael Saylor, the company has successfully transformed itself from a struggling enterprise software provider into a leading leveraged Bitcoin proxy, drawing comparisons to major corporate powerhouses such as Amazon and JPMorgan Chase. Strategy Set To Post Record Profits According to a recent Bloomberg report, Strategy’s anticipated profits stem largely from the rebound in Bitcoin prices and recent changes in accounting practices that allow the firm to value its substantial cryptocurrency holdings at market rates. Analysts project that while Strategy’s software business may only generate approximately $112.8 million in revenue for the second quarter, the surge in Bitcoin prices has significantly bolstered its financial outlook. Related Reading: BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury This potential record profit comes after a turbulent period for the company, which faced criticism from notable investors like Jim Chanos. Chanos has publicly derided Saylor’s valuation model, describing it as “financial gibberish,” while Saylor has countered that Chanos fails to grasp the intricacies of his approach. Despite the skepticism, Mark Palmer, an analyst at Benchmark Capital, noted Saylor’s resilience, stating that he has consistently outperformed not only his critics but also the broader market. Since Saylor initiated his Bitcoin buying spree, Strategy’s stock has skyrocketed over 3,300%. In the same time frame, Bitcoin has appreciated approximately 1,000%, while the S&P 500 has advanced around 115%. The company’s shares saw a 40% increase in the second quarter, significantly outpacing the S&P’s 11% rise. $64 Billion Bitcoin Value The recent accounting change at Strategy, which took effect in the first quarter, allows the firm to recognize the market value of its Bitcoin holdings—currently valued at about $64 billion—resulting in substantial swings in reported earnings. Previously, the company treated its Bitcoin similar to intangible assets, which limited their ability to recognize gains unless the assets were sold. This change has positioned Strategy to capture the full benefit of Bitcoin’s price fluctuations. Related Reading: Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase At the start of the second quarter, Strategy held 528,185 BTC, valued at over $43.5 billion based on market prices. An increase in the value of Bitcoin of 30% during the quarter alone contributed more than $13 billion to the company’s unrealized gains. Cumulatively, weekly purchases have brought the company closer to holding 600,000 BTC. Despite the positive outlook, the company has faced legal challenges, including several class-action lawsuits claiming that executives misled shareholders regarding the first-quarter losses. In response, Strategy has pledged to vigorously defend against these accusations. As of press time, BTC trades at $106,100, down 5% from its current record high of $111,800 during May’s rally. Featured image from DALL-E, chart from TradingView.com
Standard Chartered expects the second half of 2025 to deliver bitcoin’s largest dollar rally ever and sees the coin at $200,000 by year's end.
MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin. That brings the company’s total haul to 597,325 BTC. Related Reading: Crypto Bombshell: Developer Claims XRP Could Hit $20,000 At today’s market price, those holdings are worth over $64 billion, compared with the roughly $42.4 billion MicroStrategy (now Strategy) has put in, fees included. According to the June 30 filing with the US Securities and Exchange Commission, Strategy – led by billionaire Michael Saylor – is sitting on nearly $21.6 billion in unrealized gains. Strategic Bitcoin Push Strategy bought its latest batch during the week ending June 29. The firm has already snapped up 88,062 BTC worth nearly $10 billion so far this year. Back in 2024, the company picked up 140,538 BTC at a cost of $13 billion. Company data shows a Bitcoin yield of almost 20% year‑to‑date, with 7.8% gained in the second quarter alone. That edges Strategy closer to its goal of a 25% yield by the end of 2025. Strategy has acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/xvWnSkfukS — Michael Saylor (@saylor) June 30, 2025 Corporate Treasury Trend Strategy now controls almost 3% of all the Bitcoin ever mined out of the 21 million cap. That dominance has inspired 134 publicly traded firms to follow suit, adding Bitcoin to their corporate treasuries. Recent adopters include Twenty One, US President Donald Trump’s media firm Trump Media, and GameStop. In Japan, Metaplanet added 1,005 BTC this week to bring its total to 13,350 BTC. Over in Europe, The Blockchain Group bought 60 BTC, lifting its holdings to 1,788 BTC valued at around €161.3 million. ???? The Blockchain Group has acquired 60 BTC for ~€5.5 million at ~€91,879 per bitcoin and has achieved BTC Yield of 1,270.7% YTD, 69.3% QTD. As of 6/30/2025, $ALTBG holds 1,788 $BTC for ~€161.3 million at ~€90,213 per bitcoin⚡️@_ALTBG Europe’s First Bitcoin Treasury Company… https://t.co/BmcqZzvfoz — Alexandre Laizet ⚡️ (@AlexandreLaizet) June 30, 2025 New Trading Products Arrive Cryptocurrency exchanges are racing to meet all this demand. On June 28, Gemini rolled out a tokenized version of Strategy stock for investors in the EU. That marks the exchange’s first tokenized equity offering in that region. Shares of Strategy have climbed nearly 5% over the past month, trading around $391, according to Google Finance data. Related Reading: Insane Or Insightful? VC Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years Price Resistance Looms Bitcoin itself has been holding near $108,000. It rose as much as 3% over the weekend to hit $108,798. Some traders, like MN Capital founder Michael van de Poppe, expect a brief pullback before BTC tries to breach $109,000. That level sits on the four-hour chart as a clear resistance point. Data from CoinGlass shows nearly $50 million in liquidity stacked at $109,500. If Bitcoin can clear the $110,000–$112,300 zone, it could trigger a short squeeze that pushes prices into fresh record territory. Featured image from Unsplash, chart from TradingView
Strategy (formerly MicroStrategy), the largest public holder of Bitcoin, is again making headlines—this time for potentially qualifying for inclusion in the prestigious S&P 500 index. On July 1, Jeff Walton, founder of MSTR True North, revealed that the company will likely report an $11 billion net income for the just-concluded second quarter of the year. […]
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The firm laid out plans to raise $528 million in financing in mid-June to fund its bitcoin acquisition strategy.
Strategy (previously MicroStrategy), the leading corporate holder of Bitcoin (BTC), is on the verge of reaching a significant milestone as it approaches the acquisition of 600,000 tokens. In its latest move, the company purchased 4,980 Bitcoin between June 23 and June 29 for an average price of $106,801 each, totaling approximately $531.9 million. This latest purchase has brought the company’s total Bitcoin holdings to 597,325, acquired for around $42.4 billion. Strategy Shares Surge 4.7% Despite Bitcoin’s price remaining relatively stable at around $107,000 and $107,500 over the past 24 hours, Strategy’s shares, MSTR, increased by 4.7% to $402.07 on Monday, reflecting investor confidence in the company’s financial moves. The value of Strategy’s Bitcoin holdings now stands at roughly $64 billion. Related Reading: Wave 3 Ignites As XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’ Funding for these latest acquisitions came through the sale of stock under various at-the-market offerings. Benchmark analyst Mark Palmer noted that the company’s Bitcoin yield, which measures the change in the ratio of its Bitcoin holdings to total shares outstanding, was 19.7% between January 1 and June 29. Strategy’s Chairman, Michael Saylor, who is often regarded as one of Bitcoin’s most vocal advocates, hinted at the recent purchase in a social media post over the weekend. He stated, “In 21 years, you’ll wish you’d bought more,” alongside a chart illustrating the performance of Strategy’s Bitcoin portfolio since its initial investment in late 2020, which shows the aggressive purchases that have increased over the past year. Bitcoin Price Hovers Around $107,000 Interestingly, the company had made a smaller purchase of 245 Bitcoins between June 16 and June 22, considerably less than its usual massive acquisitions. For context, Strategy had previously acquired 10,100 Bitcoins in just six days during the period from June 9 to June 15. This shows that while the company often makes large purchases, it can also vary its acquisition strategy based on market conditions. Over the past month, the market’s leading cryptocurrency has seen a notable volatility spike with prices failing to tackle its current record price of $111,800 reached during last month’s rally. Related Reading: Solana Forms Bullish Flag On Daily Chart — Breakout Imminent? Since, Bitcoin has managed to endure subsequent price drops, with the most recent plunging BTC toward the $98,000 zone. However, the cryptocurrency has managed to record a 2.4% recovery on the weekly time frame, currently consolidating at $107,000. Originally founded as an enterprise software firm, Strategy has transformed into a leveraged play on Bitcoin, allowing investors to gain exposure to cryptocurrency without directly owning it. Since August 2020, the company has consistently increased its Bitcoin reserves by selling stock and debt. This has prompted criticism from analysts who believe this could be dangerous if the Bitcoin price drops below the firm’s average buying price. Featured image from DALL-E, chart from TradingView.com
TD Cowen analysts expect Strategy shares to trade at $590 in 2025, boosted by Michael Saylor's bitcoin buying spree and regulatory stimulants.
Institutional Bitcoin accumulation shows no signs of slowing as Strategy and Metaplanet purchased close to 6,000 BTC last week, continuing their aggressive acquisition strategies. According to their separate announcements on June 30, the two companies acquired 5,985 BTC, investing approximately $640 million in the process. Strategy moves closer to 600K BTC Strategy, the largest corporate […]
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Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $64 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Japan’s Metaplanet has outpaced Strategy in Bitcoin accumulation, purchasing 1,111 BTC last week, approximately five times more than the US-based firm acquired in the same period. According to a June 23 disclosure, Metaplanet spent approximately $118 million on its latest purchase, securing the Bitcoin at an average price of $105,468 per coin. With this addition, […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $60 billion.
Crypto analyst Colin has highlighted the Bitcoin price’s deviation from the Global M2 money supply, raising concerns that the bull run may be over. The analyst quickly addressed concerns, noting how such deviations usually happen at some point but don’t invalidate the macro trend. Analyst Highlights Bitcoin Price’s Deviation From Global M2 Money Supply In an X post, Colin revealed that the Bitcoin price has deviated from the global M2 money supply. He noted that this deviation was short-term in an otherwise broad correlation. The analyst added that this current deviation is similar to the position that BTC was in February 2025. Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 Money Supply Shows What’s Next Colin remarked that this development doesn’t mean the M2 is broken, just as it wasn’t broken back in February. Instead, he claimed that it just means that market participants haven’t zoomed out enough and are allowing for the non-correlated periods. The analyst added that non-correlation between the Bitcoin price and global M2 money supply happens 20% of the time. He then alluded to the regular chart, which shows the strong correlation between the Bitcoin price and the global M2 money supply. Colin explained that the M2 is “directionally predictive” for BTC and that it is not 1:1 price-related. The analyst further remarked that the M2 does not predict a specific BTC price. Instead, the global M2 money supply only predicts the market direction, with about 80% accuracy. Colin added that the Bitcoin price has its y-axis while the M2 is on a different y-axis. He also opined that the M2 may decouple from BTC near the cycle top. Although the analyst didn’t provide a timeline for when the cycle top will be, his analysis indicates that the cycle top is not yet in and the bull run isn’t over. Money Supply Shows No Need To Worry About BTC Price In an X post, market expert Raoul Pal suggested that the Bitcoin price’s correlation with the money supply shows that there is no need to worry about the current price action. He remarked that if 89% of BTC’s price action is explained by global liquidity, then by definition, almost all “news” and “narrative” is noise. Related Reading: Brace For Impact: Bitcoin Price Primed For Deep Correction Below $90,000 This suggests that the current geopolitical risks, heightened by the Israel-Iran conflict, are unlikely to impact the Bitcoin price as much as expected. Trading firm QCP Capital recently noted that the flagship crypto has yet to show full-blown panic, which shows how much the asset has matured. The firm remarked that BTC’s resilient price action appears underpinned by continued institutional accumulation, with companies like Strategy and Metaplanet buying the dip. The Bitcoin ETFs also continue to record positive flows. At the time of writing, the Bitcoin price is trading at around $104,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy), the Bitcoin proxy firm co-founded by Michael Saylor. According to OxChain, this potential downfall could surpass the infamous collapse of FTX. ‘Strategy’s Bitcoin Tactics Resemble Ponzi Scheme’ In a recent post on X (formerly Twitter), OxChain expressed concerns about Strategy’s aggressive Bitcoin accumulation formula, suggesting that the company’s operations resemble a Ponzi scheme. OxChain pointed out that since 2020, MicroStrategy has transformed from a traditional software company into a significant player in the Bitcoin market, currently holding around 582,000 BTC, valued at nearly $61 billion. Related Reading: Researchers Forecast Bitcoin At $4.3 Million By 2036, Citing Institutional Demand However, OxChain claims that this impressive figure is underpinned by leverage, debt, and shareholder dilution, rather than genuine conviction in the cryptocurrency. The analyst outlined Strategy’s approach as a “cyclical financial loop”: the firm raises capital through shares or bonds, purchases Bitcoin, announces these purchases to drive up stock prices, and then raises more funds. The analyst asserts that this cycle has worked as long as Bitcoin’s price continues to rise. However, with plans for a new $1 billion share sale, OxChain believes that Strategy is increasing its risk exposure. Analyst Predicts Major Liquidation Risk OxChain warns that Strategy’s average cost per Bitcoin is approximately $70,000, creating a precarious situation. The analyst adds that if Bitcoin’s price falls significantly below this level, the company’s treasury, currently valued at around $25 billion, could quickly start to suffer losses. According to the analyst, despite Saylor’s public commitment to never sell Bitcoin, the realities of accounting and risk management may force the company to act if market conditions deteriorate. In the first quarter of 2025, Strategy disclosed $5.9 billion in unrealized Bitcoin losses, revealing the volatility of its assets. Under the new accounting standard ASC 350-60, the company is required to report fair value, eliminating the ability to hide behind book value. This transparency has already led to legal repercussions, with shareholders filing a class action lawsuit alleging that Strategy concealed the risks associated with Bitcoin’s volatility while aggressively raising capital. OxChain further claimed during his social media thread that Strategy’s role as a Bitcoin access point is diminishing, especially as institutional capital flows into “more transparent and regulated options,” such as BlackRock’s iShares Bitcoin Trust (IBIT), which has amassed around $70 billion in assets under management. The analyst stressed that unlike Strategy, which reportedly faces dilution risks and operates with limited safeguards, IBIT offers a “more stable investment” for those seeking exposure to Bitcoin. Related Reading: Altcoin Alert: Expert Reveals Hottest Opportunities For The Summer Season If Strategy were to falter, the implications would be far-reaching, OxChain added. The firm holds approximately 2.77% of Bitcoin’s total supply, and a significant liquidation could send shockwaves through the market. The analyst warns that a decline in Bitcoin’s price by just 22% from its average buy price could trigger corporate liquidations, potentially leading to one of the largest liquidation events in history. Ultimately, OxChain cautions that Strategy is neither a hero nor a villain in the crypto ecosystem; instead, he said that it represents a “risk vector heavily reliant on leverage and market sentiment.” Featured image from DALL-E, chart from TradingView.com
Following its most recent bitcoin purchases last week, Strategy (ticker MSTR) now holds a total of 592,100 BTC.
NYSE-listed DDC aims to expand its existing 100 Bitcoin treasury with a $528 million raise from backers like Animoca, Anson Funds, and QCP Capital.
Companies around the globe made 60 Bitcoin announcements in five days, signaling a surge in corporate interest. Between June 9 and 13, companies added thousands of BTC to their balance sheets and revealed plans for billions more. This week’s activity shows that more businesses are treating Bitcoin like any other financial asset. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level Six New Bitcoin Treasuries Open Doors According to data shared by @btcNLNico on X, six firms created fresh Bitcoin treasuries and together added 404 BTC in just one week. American Bitcoin Corp led the pack with an initial purchase of 215 BTC as it moves toward a public merger under the ABTC ticker. ???? Week 24 – #Bitcoin Treasury Strategy Updates ???? ???? June 9-13 saw a massive 60 announcements! ???? – 6 new treasuries launched with 404 BTC – 10 future treasuries announcements – 23 companies added bitcoin, totaling 2,188 BTC – 9 plans to buy more bitcoin, up to ~$1.83 billion… pic.twitter.com/HM9FiZWMvb — NLNico (@btcNLNico) June 14, 2025 Bitmine and Gumi also made their debut in the corporate Bitcoin club. On top of that, 10 companies—including Mercury Fintech, which unveiled an $800 million financing plan—have filed paperwork or announced intentions to set up their own Bitcoin reserves. Trump Media, owned by US President Donald Trump, even registered for a $2.3 billion Bitcoin Treasury deal. Existing Holders Expand Their Stakes Twenty‑three firms bolstered existing Bitcoin piles with 2,188 BTC of new buys. Strategy was the busiest, scooping up 1,045 BTC and closing a $979.7 million IPO on June 10. Remxpoint added 279.9 BTC, KULR took on 118.6 BTC, and Cipher Mining snapped up 111 BTC. Smaller players like Vanadi Coffee and Rocksoft chipped in with between 1 and 10 BTC each. Based on reports, this wave of buying echoes the rush into Bitcoin ETFs—BlackRock’s IBIT fund alone approached $1 billion in inflows over the same stretch. Plans Point To $1.83 Billion In Future Buys Nine companies have spelled out intentions to buy more Bitcoin, potentially fueling $1.83 billion of fresh demand. ANAP has raised funds earmarked for a 585 BTC purchase. Mélioz brought in $32.5 million and set up warrants that could translate into another $69.48 million in Bitcoin. GameStop announced a $2.25 billion convertible note issue, with proceeds tagged for crypto investments. Related Reading: Ethereum Whales Feast While Retail Flees—ETH Ocean Just Got Hungrier Asset Tokenization And Capital Raises Take Shape Based on reports, some firms are going beyond simple purchases. DDC Enterprise and H100 Group plan to tokenize real‑world assets and use Bitcoin as collateral. The Blockchain Group in France kicked off a €300 million capital program and won shareholder backing to raise up to 10 billion euros. Featured image from Unsplash, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Strategy's holdings now total around 2.8% of the total 21 million bitcoin supply — worth over $63 billion.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s price outlook remains sky-high after Strategy founder Michael Saylor told Bloomberg on Tuesday that a market freeze won’t come back. He argued that growing demand and limited daily supply point straight to a rally toward $1 million. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Supply And Demand Pressure According to Saylor, miners release only about 450 BTC each day. That adds up to roughly $50 million at today’s price of around $109,859. He said once that $50 million is snapped up by buyers, there’s no choice but for the price to climb. His view rests on the idea that active demand now matches or exceeds what miners sell. High Price Targets Based on reports, asset manager ARK Invest recently boosted its bull case for Bitcoin from $1.5 million to $2.4 million by the end of 2030. Saylor went even further. He said that as long as Bitcoin doesn’t head to zero, it’s bound for $1 million. His own firm has picked up 582,000 BTC since 2020. That stash is worth nearly $64 billion, according to Saylor Tracker data. Institutional And Political Support Saylor pointed to big names backing Bitcoin. He mentioned US President Donald Trump, US Treasury Secretary Scott Bessent and SEC chair Paul Atkins as signs that the asset has won its toughest battles. He also noted that banks are lining up to offer custody services. And he praised Bitcoin ETFs from BlackRock and others for buying coins daily. Volatility Warning Saylor didn’t shy away from a cautionary note. He suggested that if Bitcoin hits $500,000 or $1 million, a fall to about $200,000 could follow. That’s almost a 60% drop from the peak. His point was that big price swings are part of Bitcoin’s history—and likely its future. Beyond miner sales and whale wallets, analysts say wider market moves matter too. Spot and futures trading often top $10 billion a day, so $50 million of fresh buys might only nudge the price. Regulation could swing the other way if concerns over energy use or consumer protection grow. And rival cryptocurrencies keep popping up with new features. Related Reading: Owning 10,000 XRP? You’re Among Crypto’s Elite, Expert Claims What Comes Next Reports disclose the real test will be whether steady new buyers can outpace both miner supply and selling by holders looking to bank profits. Saylor’s figures make a strong case for continued upside. But investors who build a plan around a $1 million Bitcoin should brace for big dips along the way. In the end, daily demand, political moves and how the rest of the financial world reacts will decide if those eye-popping targets really come to pass. Featured image from Getty Images, chart from TradingView
These strategies distort liquidity and sentiment, posing long-term risks to bitcoin's stability and adoption, the digital asset bank said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
According to recent filings, MicroStrategy (rebranded to Strategy) added 1,045 Bitcoin to its holdings this week. The move pushed the firm’s average purchase price to $70,086, after buying at levels above $100,000 in recent weeks. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says So far, the Michael Saylor-led company has spent more than $40 billion on Bitcoin and is lining up more financing to keep the buys coming. Weekly Bitcoin Purchases Continue Strategy’s drip-feed gameplan has become routine. The firm bought just under 2,000 BTC over the last two weeks, but split those into smaller chunks. That steady rhythm helps avoid big bumps in the market. It also keeps the firm in the headlines on a weekly basis. Traders watch closely. When the company buys, prices tend to move up. Strategy has acquired 1,045 BTC for ~$110.2 million at ~$105,426 per bitcoin and has achieved BTC Yield of 17.1% YTD 2025. As of 6/8/2025, we hodl 582,000 $BTC acquired for ~$40.79 billion at ~$70,086 per bitcoin. $MSTR $STRK $STRF $STRDhttps://t.co/blyWfRskjE — Strategy (@Strategy) June 9, 2025 Rather than issue new MSTR shares, Strategy tapped its STRK and STRF stocks. The latest filings show $62.7 million in STRK and $43.3 million in STRF went into Bitcoin purchases. No new common shares were registered this round. That keeps Strategy at about 0.02 BTC per MSTR share—10 times more Bitcoin per share than any other name in the sector. Strategy's latest Bitcoin purchase filing with the SEC. Impact On Market Supply Corporate treasuries now hold roughly 3.4 million BTC. That stash includes what miners and governments no longer sell. It leaves less coin on the open market. Over-the-counter desks have seen their inventories drop from 236,000 BTC a month ago to just 123,500 BTC today. Even Coinbase Prime, one of the main outlets for big players, shows only 63,535 BTC available. Corporate Trends And Outlook Strategy’s moves still cast a long shadow. Only 26 other public companies have more than 1,000 BTC, and just seven hold over 10,000 BTC. On-chain data points to nearly 2,000 whale wallets that top those numbers. In the past week alone, five additional firms bought BTC, using their purchases to grab attention on social media. In all, 124 public companies have now listed Bitcoin on their balance sheets or signaled plans to buy. Related Reading: Ignore The Trump–Musk Noise: Bitcoin’s Backbone Stays Solid What It Means For Investors Based on reports, small-scale buys can spur fresh demand without the risk of giant, sudden orders. But average prices above $70,000 come with their own risk. If Bitcoin dips, paper losses mount fast. High interest rates add further pressure. Still, Strategy’s approach fuels a sense of scarcity. Every weekly buy reminds markets that big holders are in no rush to sell. Featured image from Unsplash, chart from TradingView