Viewpoint: Strategy's Bitcoin purchases have almost no impact on the price

ChainCatcher news, according to CoinDesk, based on a research report by TD Cowen, although Strategy's influence as a major corporate holder of Bitcoin (BTC) continues to grow, its large-scale purchases of cryptocurrency seem to have little impact on its price.

According to TD Cowen's analysis, Strategy's Bitcoin purchases typically account for only 3.3% of the weekly trading volume. Over the past 27 weeks, the company's total trading volume accounted for 8.4% of the trading volume, but this figure was skewed by a few weeks where purchase volumes briefly surged above 20%. In eight of those weeks, Strategy did not purchase any Bitcoin at all.