Global Bitcoin Purchase Jump as MicroStrategy and El Salvador Buy In

in #bitcoin27 days ago

Strategy and El Salvador Expand Bitcoin Purchases Despite Market Crash
In one of the biggest Bitcoin purchase news updates of the month, both Strategy (formerly MicroStrategy) and El Salvador have sharply increased their BTC reserves, signaling renewed confidence in the coin even as the market is currently showing a Bitcoin price crash.

With frequent fluctuations in the Bitcoin price today, these large buys highlight how not institutions but governments also continue to follow long-term Bitcoin-accumulation strategies despite high volatility.

Strategy Buys 8,178 BTC Amid Market Dip
The official release confirmed a fresh MicroStrategy bitcoin purchase of 8,178 BTC worth $835.6 million at an average price of $102,171 per coin. This comes after the period of smaller buys which aimed to acquire the asset during both strong and weak market conditions.
The company now holds 649,870 BTC in total, valued around $48.37 billion, with an average entry price of $74,433, a massive long-term bet that continues to grow. This adds potential to its holding and pushes MicroStrategy bitcoin profit higher for 2025, with the company reporting a 27.8% yield YTD.

Pressure on Strategy’s Stock

Even with massive holdings, Strategy share price has dropped 56% since July as its premium over net asset value (NAV) has faded. It can be because of the golden asset’s recent down paths as it slipped around $94,321 today, dragging Strategy’s stock also down over 2% in pre-market trading.

This market reaction puts the lights on how even big corporate buys may not always stop a price crash during weak sentiment.

El Salvador Makes $100 Million Purchase
In a major government-level move, EI Salvador has also stepped up its bitcoin-accumulation. According to recent reports, the country purchased additional $100 million in Bitcoins, adding to its growing national reserves. The Ministry of Finance confirmed that in the last 7 days alone, the nation accumulated 1,098 coins, raising total El Salvador Bitcoin holdings to 7,474 BTC, valued roughly $685 million. Over the last 30 days, the accumulation of more than 1,121 BTC has been made to further strengthen the El Salvador Bitcoin reserve, as the country continues to add the coins during market dips, a clear example of BTC dip buying.

A Glance at Price Performance
Bitcoin price today dropped to $90,112, down 5.25% in 24h, with a weekly decline nearing 15%. MarketCap has fallen to $1.79T, while trading volume surged 39% to $105.3B, reflecting heavier selling. The broader crypto market also slid 4.4%, adding to the pressure.

The decline is mainly driven by macroeconomic uncertainty, $1.38B in BTC-ETF outflows, and a technical breakdown below key support zones at $95,000 and $92,000. These factors combined to accelerate bearish momentum, even as major players like Strategy and El Salvador continue increasing their Bitcoins accumulation.

What This Means for Traders
These large-scale purchases from both Strategy and El Salvador could reduce available supply on exchanges and support long-term price stability. Historically, accumulation phases like this often lead to stronger market rebounds once sentiment improves.

However, current volatility and macro uncertainty have kept the trading in a wide range between $90,000 and $100,000.

Still, traders view these large buys as bullish signals, especially as global interest in institutional exposure grows. With rising accumulation from companies and nations alike, lets see whether these moves will help the golden asset regain momentum after the recent dip.

Read more, Visit - https://www.coingabbar.com/en/crypto-currency-news/massive-bitcoin-purchase-strategy-el-salvador
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