{"id":231486,"date":"2025-07-02T08:05:12","date_gmt":"2025-07-02T08:05:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/231486\/"},"modified":"2025-07-02T08:05:12","modified_gmt":"2025-07-02T08:05:12","slug":"michael-saylors-strategy-adds-531-mln-btc-why-bitcoin-barely-moved","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/231486\/","title":{"rendered":"Michael Saylor&#8217;s Strategy adds $531 mln BTC &#8211; Why Bitcoin barely moved"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\">Michael Saylor\u2019s Strategy BTC acquired 4,980 BTC, bringing its total to 597,325 BTC.<\/li>\n<li style=\"font-weight: 400;\">Like recent bids, the latest $532million buy didn\u2019t rally BTC amid high profit-taking.\u00a0<\/li>\n<\/ul>\n<p>On the 30th of June, Michael Saylor <a href=\"https:\/\/x.com\/saylor\/status\/1939655936118808917\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">announced<\/a> that Strategy (formerly MicroStrategy) bought an extra $531.9 million of Bitcoin (4.98K coins), increasing its overall holdings to 597,325 BTC.\u00a0<\/p>\n<p>In H1 2025 alone, Strategy acquired 170,038 BTC\u201435% of its total holdings\u2014according to CryptoQuant.<\/p>\n<p>Now, the pioneer in <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">BTC<\/a> corporate treasury holds 2.85% of the total supply, making it a key sentiment factor for the market.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/MicroStrategy-Buys-Sells-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-507269\" class=\"wp-image-507269 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Michael Saylor Strategy\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/MicroStrategy-Buys-Sells-2.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-507269\" class=\"wp-caption-text\">Source: CryptoQuant\u00a0<\/p>\n<p>BTC drops amid profit-taking<\/p>\n<p>Despite the sizeable buy, Bitcoin barely flinched. The asset climbed to $108K briefly on Sunday but dropped over 2% heading into July.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/BTCUSDT_2025-07-01_16-22-55.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-507270\" class=\"size-full wp-image-507270\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Michael Saylor\" width=\"1950\" height=\"1109\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/BTCUSDT_2025-07-01_16-22-55.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-507270\" class=\"wp-caption-text\">Source: BTC\/USDT, TradingView\u00a0<\/p>\n<p>That\u2019s right\u2014BTC eased even after Strategy\u2019s high-profile purchase, hinting at deeper headwinds overpowering corporate demand.<\/p>\n<p>In fact, the asset has been resilient during the Iran-Israel escalations but failed to break higher even after the tensions calmed, and ETF inflows surged above $11 billion.\u00a0<\/p>\n<p><strong>Whales and LTHs are cashing out<\/strong><\/p>\n<p>Onchain analysts <a href=\"https:\/\/x.com\/CryptoVizArt\/status\/1939973824532856854\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">noted<\/a> that the pressure on BTC came from long-term holders (LTH) and whale sell-offs.\u00a0<\/p>\n<p>According to a Glassnode analyst, LTH with over 1 year of holding period dumped $800 million daily in early June. Additionally, whales offloaded $440 million on average, compounding the pressure on BTC.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/Bitcoin-dump-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-507272\" class=\"wp-image-507272 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Michael Saylor Strategy\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/Bitcoin-dump-scaled.jpg\"\/><\/a><\/p>\n<p id=\"caption-attachment-507272\" class=\"wp-caption-text\">Source: Glassnode\u00a0<\/p>\n<p>Meanwhile, the early July retracement appeared to be driven by falling demand from U.S. investors, too.\u00a0<\/p>\n<p>The Coinbase Premium Index, often viewed as a proxy for U.S. investor appetite, dipped slightly. As of the 1st of July, it hovered above zero, but didn\u2019t break higher to suggest aggressive buying.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/Bitcoin-Coinbase-Premium-Index-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-507273\" class=\"size-full wp-image-507273\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Michael Saylor\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/Bitcoin-Coinbase-Premium-Index-2.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-507273\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<p>Overall, BTC continues to face sell pressure from whales and LTH, offsetting the demand from Strategy, other treasury firms and ETFs.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/ethereum-community-foundation-raises-millions-aims-for-10k-eth-you-deserve-better\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Ethereum Community Foundation raises millions, aims for $10K ETH: \u2018You deserve better!\u2019<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Michael Saylor\u2019s Strategy BTC acquired 4,980 BTC, bringing its total to 597,325 BTC. Like recent bids, the latest&hellip;\n","protected":false},"author":2,"featured_media":231487,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-231486","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114782609579901330","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/231486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=231486"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/231486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/231487"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=231486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=231486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=231486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}