BackWhy Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market

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CryptoSlate4/21/2026Crypto

Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market

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Strategy, the Michael Saylor-led company formerly known as MicroStrategy, has surpassed BlackRock’s flagship spot Bitcoin exchange-traded fund (ETF) to become the world’s largest institutional holder of Bitcoin. According to an April 20 regulatory filing with the Securities and Exchange Commission (SEC), Strategy acquired an additional 34,164 Bitcoin over the past week at an average price […] The post Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market appeared first on CryptoSlate.

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Bitcoin deposits to centralized exchanges surged to nearly 50,000 BTC daily as the price fell below $60,000. Data from CryptoQuant suggests this pattern, especially with larger deposit sizes indicating whale and institutional activity, historically precedes significant price volatility and potential downward moves.

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Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market

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