Does the strategy play Pupet Master at the price of Bitcoin? Here are what analysts say

Strategy (Nasdak: mstr) He is nomination Bitcoin’s purchase boom, as it increased by $ 1.34 billion from Bitcoin from May 5 to May 11 a week, which saw Bitcoin rates increased by 9 %. Gustavo Gala, an analyst at Monnes, Crespi, Hardt & Co. , By reporting the timing of purchases, indicating that strategy activity can add fuel to price movements. But not everyone is convinced. Matthew Siegel from VANECK argues that the bitcoin purchases of Strategy are very small and extended to move the market constantly, noting that it only represents about 8 % of the weekly size.

The aggressive purchase of the strategy is part of a wider raid of $ 84 billion, after a record loss in the first quarter, driven by a new accounting base that estimates bitcoin holding market prices. The company, which is now increasingly the actual Bitcoin agent, has adopted transferred offers and exposed stock sales to finance purchase. However, the company is not the only player in the Bitcoin agent game. With more than 30 companies listed for the public that now mimic the strategy strategy to acquire bitcoin, the competition is heated in the area of ​​corporate encryption.

Canor Fitzgerald is the latest in which he jumps, as he collaborates with the Tether Holdings SA and SoftBank Group (SFBQF) To launch Twenty One Capital, a new digital asset project aimed at becoming Bitcoin Pure from the next generation. The project has been developed as a box focusing on Bitcoin, and plans to raise capital for digital asset investments, echoing in Strategy’s Playbook while it is likely to be the way for further version associated with bitcoin. But as Gala notes, the market may soon start asking about the amount of Bitcoin debt and sustainable shares.

This article appeared for the first time on Gurufocus.