Recent data from Arkham shows that Michael Saylor's company has made a significant move in the BTC market. By purchasing $168.4 million worth of Bitcoin, the average cost basis of their holdings dropped by $29 to $76,027.
Market Dynamics and Strategic Shifts
This change indicates a strategic adjustment in response to market fluctuations. Importantly, this is the first decline in the average cost since September 25, 2023, signaling a potential shift in the current market landscape.
- New BTC purchase amounted to $168.4 million
- Average cost dropped to $76,027
- First adjustment in over two and a half years
Industry analysts suggest this could influence market sentiment and provide new insights into BTC price trends for other investors.