Bitcoin (BTC) has been more resilient than my ex’s excuses for not paying the rent.
According to Bitwise CIO Matt Hougan, the real MVP here isn’t geopolitics-it’s MicroStrategy’s relentless Bitcoin buying. Like a toddler in a candy store, they’ve just dropped $7.2 billion on BTC in eight weeks. Wow, who needs fiscal responsibility?
MicroStrategy’s STRC Shares Are the Real Engine Behind Bitcoin’s Rally
In a memo that reads like a rom-com where the lead finally gets their groove back, Hougan admitted Bitcoin’s climb has been fueled by ETFs and long-term holders. But let’s be real: MicroStrategy is the main character. They’ve bought so much BTC, it’s like they’re trying to hoard the entire blockchain. Plot twist: They’re just collecting Legos without a box.
“Bitcoin is up 20% from its February lows, trading around $76,000. Everyone’s wondering if this can last. Spoiler: It probably won’t. But until then, STRC is the party’s life insurance policy,” said Hougan, who clearly hasn’t seen a market crash in his life.
MicroStrategy now holds 818,334 BTC. At this rate, they’ll hit a million coins faster than I hit the fridge after a breakup. Galaxy Research’s Alex Thorn even thinks they’ll surpass Satoshi Nakamoto’s stash by 2028. Plot twist: Satoshi was just a librarian.
Follow us on X to get the latest news as it happens (or doesn’t)
Why Bitwise CIO Thinks Strategy’s STRC Buying Is Far From Over
Hougan claims MicroStrategy is funding their Bitcoin binge by selling STRC. For context, STRC has funded 10x more BTC buying than the entire US ETF market in 2026. Translation: They’re the financial TikTok trend you didn’t ask for.
“The number I’d watch is Strategy’s total obligations as a percentage of its bitcoin holdings. Today, that’s 33%. If it hits 50%, investors will panic. But at today’s prices, there’s still room for another $10-$15 billion in STRC. And more if Bitcoin rallies.”
Hougan’s basically saying, “Don’t worry, we’ve got this!” while juggling chainsaws. Meanwhile, economist Peter Schiff is like, “This is a death spiral!” Translation: He’s right. But who listens to economists? They’re always late to the party.
Read More
- Gold Rate Forecast
- Welcome to Demon School! Iruma-kun season 4 release schedule: When are new episodes on Crunchyroll?
- Nintendo Switch 2 Reportedly Getting Remake of One of the Best PS3 and Xbox 360 Games
- 10 Movies That Were Banned in Different Countries For Random Reasons
- Crunchyroll Confirms New Isekai Anime Releases for 2026 and Beyond (With Major Returns)
- 9 Great Supernatural Characters Everyone Forgot About
- Michael Jackson Biopic’s Record-Breaking Debut Unseats 2026’s Biggest Box Office Hit On U.S. Chart
- Taylor Sheridan’s Gritty 5-Part Crime Show Reveals New Final Season Villain
- Did Lauren Sánchez Bezos Hint at Baby Plans With Jeff Bezos? The Truth
- All 61 Episodes 90s Cult Classic Sci-Fi TV Show That Was Famously Canceled Twice Were Just Added to Tubi
2026-04-29 08:51