According to PANews, Ki Young Ju, founder and CEO of CryptoQuant, recently stated on the X platform that Bitcoin exhibits deflationary characteristics. He noted that Strategy, formerly known as MicroStrategy, is acquiring Bitcoin at a pace surpassing the rate of Bitcoin mining. The company currently holds approximately 555,000 Bitcoins, which are in a non-liquid state with no plans for sale. This situation allows Strategy's Bitcoin holdings to achieve an annual deflation rate of -2.23%. Other stable institutional holders may experience even higher deflation rates with their Bitcoin holdings.