Bitwise Chief Investment Officer: Bitcoin's recent rise primarily driven by Strategy's accumulation

Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan stated that the core driver behind Bitcoin's recent 20% surge is Michael Saylor's company, Strategy. According to monitoring, Strategy has accumulated $7.2 billion worth of Bitcoin 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 most significant influencing factor. To date, Strategy holds a total of 818,334 Bitcoins, surpassing BlackRock's holdings. Hougan pointed out that Strategy is raising funds to purchase Bitcoin by issuing perpetual preferred shares (STRC). If Bitcoin maintains its growth, its holdings could surpass Satoshi Nakamoto's within two years. Bitcoin is currently trading at approximately $76,486.