Bitcoin price prediction: Strategy buys 250 Bitcoin and $192.4 million of its own shares

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Strategy bought 250 Bitcoin for $21.5 million in one week and spent $192.4 million over the same period buying back its own preferred shares. Shareholders vote on the dividend mechanics on October 28, and when the largest corporate buyer returns depends on it. The record shows this: the largest corporate holder of Bitcoin bought 250 Bitcoin for $21.5 million in the week to October 11, and over the same period spent $192.4 million buying back its own preferred shares. Our assessment follows further down: the shortfall in demand is smaller than the nine-to-one ratio suggests, but it lands in a week when the funds are withdrawing too. Bitcoin trades at $81,640 on Friday afternoon. Over the preceding 24 hours the range ran from $80,814 to $81,986, and the price opened at $81,314. For where the price can point over a horizon of months, see our Bitcoin price prediction. For the coming days one date counts that has nothing to do with chart technicals: on October 28, Strategy ...