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Wu Blockchain Says Bitcoin Market Depends on MicroStrategy’s 171,000 BTC Buying

2026-05-22 04:12:50

Wu Blockchain said the Bitcoin market has become heavily dependent on MicroStrategy after the company bought more than 171,000 BTC this year. Wu Blockchain said the purchases were funded through high-yield preferred stock issuance and exceeded new Bitcoin supply from mining companies.

BTC0.53%

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