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Strategy Starts May With $180 Million Bitcoin Purchase—Will Larger Buys Follow?

  • Strategy chairman Michael Saylor announces the purchase of 1,895 BTC, bringing the firm's total holdings to 555,450 BTC.
  • The recent $180.3 million Bitcoin purchase in May is the first of the month for Strategy, hinting at potential larger buys based on past patterns.
  • CryptoQuant analyst Maartunn notes that Strategy's Bitcoin reserve currently holds a profit of about 38% with a cost basis of $68,550.
  • Analysis of the Bitcoin Composite Volatility Index by CryptoQuant author Axel Adler Jr suggests an accumulation phase for investors, with the BTC price rebounding to $94,800 after a pullback.

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