●• MicroStrategy reportedly halts its 6-week Bitcoin buying streak
●• Traders continue to place $1.7B in bullish options bets for BTC at $100k
●• The pause contrasts with the company's recent aggressive purchasing behavior
CoinDesk reports that MicroStrategy appears to have paused its Bitcoin accumulation, breaking a consistent six-week buying streak. This pause comes amidst recent market fluctuations and a broader discussion on corporate Bitcoin strategies.
The cessation of buying activity is notable given the company's aggressive acquisition strategy over the past month. Despite this pause, options traders remain bullish, placing $1.7 billion in bets on Bitcoin rallying above $100,000 by year-end.
Forbes separately noted that corporate strategies revolving entirely around rising Bitcoin prices face scrutiny when prices correct, though the long-term outlook for institutional adoption remains a key market driver.