Strategy resumes bitcoin purchases: 4,603 BTC for $370 million
- —Strategy bought 4,603 BTC for $370 million at an average price of $80,318
- —Holdings total 845,050 BTC — about 4% of all future bitcoin issuance
- —The purchases amounted to only 0.02% of BTC's market cap and ~1.2% of daily trading volume
- —For Q3, the net change in position is negative: minus 950 BTC
Why it matters: Strategy's purchase volumes are too small to move the price — the impact comes through sentiment, not order flow.
Source: Yahoo Finance Crypto