Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin
Bitcoin Analyst Breaks Down Impact Of MicroStrategy Buys On Bitcoin बिटकॉइन एथेरियम समाचार A research firm has broken down how the Bitcoin price has reacted to purchases Michael Saylors MicroStrategy has made over the years. MicroStrategys Bitcoin Purchases Have Been Followed By Negative Price Action K33 Research, formerly Arcane Research, has released a new analysis piece that looks into how the market has been impacted by each buying spree that MicroStrategy has gone on. The research firm has found that Bitcoin has usually observed an upside during the periods MicroStrategy has been making its purchases. Note that by during, what is meant here is the actual dates the purchases happened and not when the announcements were made. Here is a chart that displays the returns of Bitcoin during each of the periods where MicroStrategy purchased at least 1,000 BTC over the last few years: Looks like the greatest positive return was registered back in August 2021 | Source: K33 Research As shown in the above graph, while it hasnt been the case every time, these periods have still tended towards positive returns for the cryptocurrency. The latest purchase, where the company acquired 6,455 BTC (and also made a repayment of its Silvergate loan in full), saw the coin surge