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Strategy Adds 387 BTC Amid Easing US-China Trade Tensions
Bitcoin Price Movement
- Bitcoin rose by approximately 1.6% on Sunday influenced by easing US-China trade tensions.
- Ethereum also saw an increase of about 2.8%.
Strategy's Bitcoin Holdings
- Strategy added 387 BTC between October 13 and October 20, totaling 640,418 BTC owned.
- The company’s average cost per Bitcoin stands at $74,010.
- Recent purchases have been smaller compared to September when over 7,000 BTC were acquired.
Valuation and Strategy
- At prices slightly over $115,000 per BTC, Strategy’s holdings are valued around $72 billion.
- This implies a paper gain of over $25 billion on a basis of $47.4 billion since 2020.
- A total of 83 separate purchase events have been logged, showing a pattern of steady accumulation.
Market Behavior
- Strategy's shares are trading above net asset value, indicating investor confidence in indirect Bitcoin exposure through MSTR.
Geopolitical Influence
- US-China trade discussions signaled progress, calming market volatility.
- In October, China limited rare earth exports, and the US announced potential tariffs and export controls, triggering significant market reactions.
