CryptoQuant CEO: Strategy purchases faster than Bitcoin mining and gains deflationary advantage
On May 10th, CryptoQuant founder and CEO Ki Young Ju stated in a post on X platform that Bitcoin is experiencing deflation. The speed at which Strategy (formerly MicroStrategy) is purchasing Bitcoin is now faster than the mining speed of Bitcoin. They hold about 555,000 Bitcoins, which are in a illiquid state with no plans to sell. This means that Strategy's Bitcoin holdings could experience a deflation rate of -2.23% annually, which may be higher than the deflation rate of Bitcoins held by other stable institutional holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy, Metaplanet Invest $1.5B in Bitcoin
Metaplanet, MicroStrategy Expand Bitcoin Holdings With $1.5B Investment
MicroStrategy and Metaplanet Invest $1.5B in Bitcoin
Conor McGregor Advocates for Irish Bitcoin Reserve
Trending news
MoreCrypto prices
More
