Bitwise Chief Investment Officer: Bitcoin's Recent Rally Primarily Driven by Strategy's Accumulation

Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan stated that the core driving force behind Bitcoin's recent 20% rally is Michael Saylor's company, Strategy. According to monitoring, Strategy has increased its Bitcoin holdings by $7.2 billion over the past eight weeks. Although Bitcoin ETFs have purchased $380 million since March 1st and long-term holders have resumed buying, Strategy remains the biggest influencing factor. To date, Strategy holds a total of 818,334 Bitcoins, surpassing BlackRock's holdings. Hougan pointed out that Strategy raises capital by issuing perpetual preferred stock STRC to purchase Bitcoin. If Bitcoin maintains its growth, its holdings could surpass those of Satoshi Nakamoto within two years. The current Bitcoin price is approximately $76,486.