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Strategy’s Bitcoin Buying Spree Has Minimal Impact on Prices, TD Cowen Says

TD Cowen analysts evaluated the Strategy’s treasury activity against bitcoin trading volume and price action over the past six months.

By Helene Braun|Edited by Nikhilesh De

Updated Apr 21, 2025, 5:09 p.m. Published Apr 21, 2025, 3:53 p.m.

Strategy CEO Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)