BlockBeats News, April 21st, according to a TD Cowen research report, despite Strategy's growing influence as a major corporate holder of Bitcoin (BTC), their large-scale purchases of cryptocurrency seem to have little effect on its price.
According to TD Cowen's analysis, Strategy's Bitcoin purchases typically account for only 3.3% of weekly trading volume. Over the past 27 weeks, the company's total trading volume has accounted for 8.4% of the volume, but this number deviates due to brief spikes in purchases exceeding 20% in a few weeks. There were eight weeks where Strategy did not buy any Bitcoin at all. (CoinDesk)
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