Viewpoint: Strategy's Bitcoin Purchases Have Minimal Impact on Price

According to a report by Jinse, TD Cowen's research indicates that despite Strategy's growing influence as a major corporate holder of Bitcoin (BTC), its large-scale cryptocurrency purchases seem to have minimal impact on the price. As per TD Cowen's analysis, Strategy's Bitcoin buying generally constitutes only 3.3% of the weekly trading volume. Over the past 27 weeks, the company's total trading volume accounted for 8.4% of the total trading volume, but this figure is skewed by a few weeks where purchase volumes briefly surged over 20%. There were eight weeks during which Strategy did not buy any Bitcoin at all.