Global crypto hedge funds have also been buying the dip, signaling a potential Bitcoin “supply shock” as BTC exchange reserves sink to levels last seen in 2018.
MicroStrategy’s Bitcoin holdings surpassed a milestone after the company bought the dip with a $243 million investment.
MicroStrategy’s holdings now exceed 450,000 Bitcoin (BTC), acquired for a total of $28.2 billion at an average price of $62,691.
MicroStrategy Bitcoin holdings, court filing, Jan. 13. Source: US Securities and Exchange Commission
