MicroStrategy recently increased its holdings of Bitcoin by $5.4 billion, which means that in November they purchased $9.6 billion worth of Bitcoin. Currently, MicroStrategy holds 386,700 Bitcoins, making it an important variable in the market. The amount of Bitcoin they hold is close to the combined total holdings of the United States and China.
Some friends may wonder why, despite Sailor spending $5.4 billion to buy Bitcoin, there was still a significant price pullback in the short term. Wouldn't the institutional purchase directly drive the price up continuously? Clearly, MicroStrategy purchased through the over-the-counter (OTC) market, and the current sell-off is a normal profit-taking behavior. The spot Bitcoin ETF absorbed most of the selling pressure, and once the inflow of funds into the spot ETF slows down, or even sees outflows on Monday, the price of Bitcoin can quickly drop.
