Do Bitcoin halvings matter? Strategy buys outpace new BTC supply by 700%
Strategy bought seven weeks of new Bitcoin supply in one week, boosting the case for a $400,000 BTC price target if this pace continues.
Michael Saylor’s Strategy is using its preferred stock, STRC, to buy Bitcoin (BTC) at an accelerating pace. But can this create a more powerful supply shock than the halving?
Key takeaway:
Strategy raised $1.18 billion via MSTR shares to fund Bitcoin purchases last week.
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