QCP: MicroStrategy increased its holdings of BTC this week to the smallest purchase volume in recent weeks, triggering market doubts
MicroStrategy announced on Monday that it had spent $561 million to purchase 5262 bitcoins at a unit price of approximately $106662, pushing the software company's total bitcoin holdings on its balance sheet to 444262, the Internet reported. But QCP analysts pointed out that "this is its smallest purchase in recent weeks, raising questions about its appetite for Bitcoin at current levels." In addition, analysts at QCP Capital pointed out in a report on Tuesday that currently, as 2024 draws to a close, enthusiasm in the cryptocurrency market seems to be waning. As of Monday, spot bitcoin exchange-traded funds (ETFs) flowed out for three consecutive days.（Morningstar）
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