According to an SEC Strategy filingMichael Saylor’s Strategy has purchased 21 021 Bitcoin (BTC), worth $2.46 Billion, in the last week. Since Donald Trump won the presidential election in November 2024, Strategy has purchased 376.571 BTC valued at $43.2 billion. Strategy had taken four years for the company to amass 252,220 BTC before Trump’s win. Strategy bought nearly 60% its holdings after Trump’s victory over Kamalah Harris as the 47th US President.
Bitcoin Holdings continue to dominate strategy
Strategy has the largest BTC wallet in the world. The BTC holdings of Strategy dwarf all others. MARA Holdings, Inc. is ranked second with 50,000 BTC. MARA is a significant number of coins but it’s very low when compared with Strategy BTC.
Michael Saylor has become one of the biggest Bitcoin Maximalists on the planet. Michael Saylor’s firm position on BTC is second to none.
Cryptocurrencies Continue To Slump
The incredible rise in Bitcoin’s price over the past nine months is a direct result of Strategy’s purchases. BTC reached multiple record highs in the last few months. It reached its latest peak on 14th July, which was $122,838. BTC’s price is down 6.4% since July’s high. It is possible that the Federal Reserve kept interest rates flat and there are uncertainties surrounding trade wars around the world.
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According to CoinCodex BTC dataBTC has fallen by 2.8% on the charts for the last 14 days and 3.3% over the past week. The asset is still up 0.5% since the 24 hour mark, 6.5% from the month before, and 117.20% over August 2024.
BTC is currently facing resistance around the level of $115,000. Breaking the $115,000 level could push the asset up to an all-time record.
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Source: watcher.guru
