Bitcoin ($BTC) is currently holding above $95,000, and its imminent breakout of a short-term triangle could be up or down. Meanwhile, Michael Saylor’s MicroStrategy has just bought another $1.5 billion BTC, and the U.S. Spot Bitcoin ETFs also chipped in on Monday with $4.22 million in BTC.
MicroStrategy buys again
With its latest acquisition of 15,400 BTC, worth $1.5 billion, MicroStrategy just continues to eat up a scant supply of $BTC from the market. The MicroStrategy holdings now total 402,100 BTC, bought at a price of $58,263 per Bitcoin.
U.S. Spot Bitcoin ETFs further decrease a scant supply of $BTC
Fresh on the heels of the MicroStrategy announcement, the U.S. Spot Bitcoin ETFs bought another 4.34K BTC on Monday – further decreasing the scarce supply. As per usual, the Blackrock IBIT ETF bought the lion’s share of this with a 3.47K BTC purchase.
U.S. government selling $2 billion in BTC?
Amid all this strong buying, the U.S. government moved almost $2 billion in
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