#SaylorBTCPurchase Experts assessed the impact of Strategy's purchases on the Bitcoin price. The billion-dollar acquisitions of digital gold by Strategy had virtually no long-term impact on its value. This is stated in a study by TD Cowen, writes CoinDesk.

On average, Strategy's coin purchases account for about 3.3% of weekly trading volume and are weakly dependent on price fluctuations, analysts noted. When excluding eight weeks from the sample during which the corporation paused, the figure rose to approximately 8.4%.

The correlation coefficient between the weekly volume of Bitcoin purchases by Strategy and the asset's price at the end of the week was only 25%.

This conclusion refutes the theory popular among skeptics that the corporation's actions support the quotes of the first cryptocurrency and that without constant demand for it, the price would fall.