$BTC Direct Impact: Supply and Demand

- MicroStrategy’s buying (exceeding 214,400 BTC as of June 2024) reduces the circulating supply, pushing up Bitcoin’s price.

- For instance, their Q1 2024 purchase of 25,250 BTC ($1.65 billion) coincided with Bitcoin’s surge from $40,000 to over $60,000 by mid-2024.

- Large institutional purchases can trigger algorithmic trading bots and speculators to execute front-running or follow-the-momentum strategies.