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Just noticed MicroStrategy didn't buy any bitcoin last week. Michael Saylor usually posts that orange dot on Sundays to signal a purchase, but nothing this time. That breaks a 13-week buying streak where they accumulated over 90,000 BTC. Interesting timing given where the market is right now.
They're sitting on around 762,000 bitcoin at an average cost of about $75,694 per coin. With BTC trading around $72,900 and MSTR stock down roughly 76% from its November 2024 peak, the company's bitcoin accumulation strategy seems to have hit pause. Whether it's a temporary breather or a shift in approach, hard to say at this point.
The broader market is still pretty compressed though. Bitcoin and ethereum are trapped in a tight range with some analysts eyeing a potential 40% swing. Privacy coins like DASH are showing some strength, up over 30% recently. Could be an interesting week ahead for the bitcoin count and overall crypto positioning.