Why Michael Saylor's bitcoin buys aren’t moving the needle anymore

What Happened

Strategy, the world's largest publicly traded bitcoin holder, purchased 4,871 BTC for $330 million Monday. However, MSTR's demand represents only 7% of total bitcoin inflows and 9% of net flows. Its historical influence has diminished significantly. Long-term holders and capital outflows now dominate market movements, overwhelming MSTR's buying pressure.

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