Last week, the strategy apparently invested over $200 million to purchase more than 3,000 Bitcoin.


Since the average purchase price was around $67,700 per coin, it was likely a strategic buy during a moment when the market was a bit calmer.

Currently, this company's Bitcoin holdings exceed 720k coins.
The total investment amount is over $50 billion, with an average acquisition price of $75,985.
The fact that such a large player is making moves like this also influences market sentiment from the perspective of BTC dominance.
Recently, Bitcoin's price has risen to around $77,800, so their strategy seems to be working quite well.

When news of such large-scale buying emerges, individual investors also react.
Following the moves of institutional investors is one of the key strategies for reading the market.
BTC-1.77%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin