QCP: MicroStrategy increased its holdings of BTC this week to the smallest purchase in recent weeks, raising market questions
2024-12-25 11:43:49
MicroStrategy announced on Monday that it spent $561 million to buy 5,262 bitcoins at a unit price of about $106,662, pushing the total bitcoin holdings on the software company's balance sheet to 444,262. But QCP analysts noted that "this is its smallest purchase in recent weeks, raising questions about its appetite to buy bitcoins at current levels." Moreover, analysts at QCP Capital noted in a report on Tuesday that for now, enthusiasm in the cryptocurrency market appears to be waning as 2024 draws to a close. Spot bitcoin exchange-traded funds (ETFs) have been outflows for three days as of Monday. (Morningstar)
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六支比特币共同基金将于下周在以色列上市