Michael Saylor’s Strategy Buys $1.42 Billion Bitcoin As Crypto Fear & Greed Index Turns Bullish

Michael Saylor’s Strategy announced it had bought $1.42 billion worth of Bitcoin just as the Crypto Fear and Greed Index flipped to “Greed,” signaling a bullish shift in sentiment.

In an April 28 announcement, Strategy said it acquired 15,355 Bitcoin between April 21 and 27 at an average purchase price of $92,737 per BTC. Since the massive Bitcoin buy, which is the firm’s largest since late March, the price of Bitcoin has risen to trade at $94,495.11 as of 1:10 a.m. EST.

The move comes just ahead of Wednesday’s release of US Core Personal Consumption Expenditures (PCE) data, a key measure of inflation that may give clues about how much room the Fed has to adjust interest rates.

Strategy

Strategy Bitcoin Yield At 13.7%

The latest Bitcoin buy has increased Strategy’s total BTC holdings by around 3%, pushing the total amount of coins to 535,555 BTC. 

Saylor announced the Bitcoin acquisition in an X post, and said the firm has achieved a BTC yield of 13.7% year-to-date. 

“As of April 27, we hodl 553,555 BTC acquired for approximately $37.90 billion at $68,459 per Bitcoin,” Saylor said.

That was after the company’s BTC yield, which represents the percentage change of the ratio between Strategy’s holdings and assumed diluted shares, reached 74% last year. Strategy is now aiming for a BTC yield of 15% in 2025.

Crypto Fear And Greed Index Shows Bullish Sentiment

While Saylor and Strategy double down on Bitcoin, sentiment in the broader crypto market has undergone a bullish shift, with the Crypto Fear and Greed Index shifting from a “Neutral” score of 54 to a “Greed” reading of 60 in the past 24 hours.

Related Articles:

  • SEC Approves Three ProShares XRP ETFs
  • NFT Sales Fall 6.15% To $89.4M This Week
  • Institutional Investors Drive April Bitcoin Rally As Retail Investors Exit

Comments

Post a Comment

Popular posts from this blog

Dogecoin Price Prediction: DOGE Surges 10% As This PEPE Derivative ICO Heads For $30M – Next Crypto To Explode?

Image
The Dogecoin price surged more 10% in the last 24 hours to trade at $0.1465 as of 11:16 p.m. EST on trading volume that jumped 20% to $2.24 billion. Dogecoin Price Indicators Show A Continued Bullish Rally The Dogecoin price has been in a sustained bullish rally since October 8, as the bulls took control of the price at the $0.099 support level, as shown on the DOGE/USDT chart Analysis on the 12-hour timeframe. The parabolic surge after a slight downtrend formed a rounding bottom pattern, which the bulls are now capitalizing on to continue pushing the price even higher. DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained surge to the upside. Furthermore, the Relative Strength Index (RSI) is at 79.76, which is overbought territory. An overbought reading signals that the price has risen rapidly and may experience a short-term pullback or consolidation before continuing its upward momentum. However, in strong bullish tren...
Read more

Focus shifts to altcoins amid Ethereum (ETH) surge: Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Image
Ethereum (ETH) has been making headlines for several reasons, from the experimental ERC-404 token standard to the anticipated Dencun network upgrade—the biggest since Shapella. In the crypto market, Ethereum, the leading altcoin, has been flying, recently hitting $3,400. With the alt season here, investors’ focus has now shifted to low and mid-cap coins, aiming to position themselves for massive gains. On this list are Stacks (STX) and InQubeta (QUBE), two top altcoins that are buzzing with potential, with some analysts predicting that they could be some of the best cryptos to buy now. InQubeta (QUBE): an emerging altcoin to watch InQubeta (QUBE) emerged as a subject of much interest following its surge past $10.5 million in presale—an incredible feat. This remarkable milestone sets it apart from most of the new ICOs. That isn’t all; the massive presale participation highlights investor confidence in its potential, suggesting ...
Read more

Ethereum Price Drops 8%: What’s Next for the Altcoin Giant?

Image
Ethereum price started a major decline from the $3,500 resistance zone. ETH is down over 8% and might continue to decline toward the $3,120 support. Ethereum is gaining bearish pace from the $3,500 resistance zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $3,120 support zone. Ethereum Price Dives Below $3,350 Ethereum price failed to start a fresh increase above the $3,500 resistance zone. ETH started a fresh decline and traded below the $3,400 support zone. It declined by over 8% more than Bitcoin. There was a break below a key declining channel with support at $3,380 on the hourly chart of ETH/USD. The pair even declined below the $3,200 level and tested $3,180. A low is formed near $3,183 and the price is showing signs of more losses. ...
Read more