{"id":323720,"date":"2023-06-29T11:00:10","date_gmt":"2023-06-29T05:30:10","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=323720"},"modified":"2023-06-29T02:27:05","modified_gmt":"2023-06-28T20:57:05","slug":"why-microstrategys-btc-purchase-may-open-institutional-flood-gates","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\/","title":{"rendered":"Why Microstrategy\u2019s BTC purchase may open institutional flood gates"},"content":{"rendered":"<ul>\n<li><em>MicroStrategy adds to its Bitcoin portfolio with the latest $347 million purchase.<\/em><\/li>\n<li><em>BTC addresses holding over 1,000 BTC started buying BTC showing confidence in the coin.\u00a0<\/em><\/li>\n<\/ul>\n<p><a href=\"http:\/\/ambcrypto.com\/what-does-bitcoins-decoupling-from-tech-stocks-precious-metals-indicate\/\">Bitcoin [BTC]<\/a> might be about to experience a wave of institutional liquidity inflows. Multiple factors including regulatory uncertainty have kept institutional investment at bay but that might be about to change thanks to MicroStrategy.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/bitcoin-profit-calculator\" target=\"_blank\" rel=\"noopener\">Bitcoin Profit Calculator<\/a><\/p>\n<hr \/>\n<p>Most institutional investors have notably stayed away from Bitcoin and altcoins after the events that caused the 2022 crash. However, MicroStrategy founder <a href=\"https:\/\/twitter.com\/saylor\/status\/1674025857063571456\">Michael Saylor just announced<\/a> that his company just <a href=\"http:\/\/ambcrypto.com\/bitcoin-whats-behind-the-ongoing-rally\/\">purchased 12,333 BTC<\/a> valued at $347 million.<\/p>\n<p>This was a significant development for the Bitcoin community because might mark the return of institutional interest in the cryptocurrency.<\/p>\n<p>MicroStrategys\u2019s latest Bitcoin purchase represented an important development for the crypto market. This is because it might encourage more institutional investors to jump on board. This is not the only latest development that underscores an improving environment for <a href=\"http:\/\/ambcrypto.com\/okx-liquid-marketplace-records-usd-1billion-in-institutional-trading-volume\/\">institutional investors<\/a>.<\/p>\n<p>Ledger, the company behind the Ledger cold storage wallets <a href=\"https:\/\/twitter.com\/_pgauthier\/status\/1674042644630994946\">\u00a0announced<\/a> the launch of Ledger Enterprise TRADELINK. The latter is a new solution designed for institutional crypto investors. In other words, Ledger\u2019s new product is designed to cater to the needs of institutional users.<\/p>\n<p>The Ledger development further adds to the list of observations currently supporting a more attractive crypto environment for institutions. The timing of these developments also aligns with the hopes of institutions jumping back onto the Bitcoin train through the recently filed ETFs.<\/p>\n<p>Ledger\u2019s new offering is particularly interesting from the ETFs perspective. This is because it will make it easier for institutions to purchase Bitcoin in a self-custody manner even if the ETFs get shot down again.<\/p>\n<h3><strong>Will Bitcoin benefit from these developments?<\/strong><\/h3>\n<p>There is no doubt that the above developments are important for Bitcoin. For starters, MicroStrategy\u2019s recent Bitcoin acquisition just added over $300 million to Bitcoin\u2019s marketcap. Such a large purchase is enough to support a higher floor price. But more importantly, it has the potential to boost investor confident especially combined with other bullish developments.<\/p>\n<p>Bitcoin reclaimed the $30,000 price range thanks to the rally it achieved in the last two weeks. It exchanged hands at $30,156 at the time of writing. Whale activity strongly supported the rally. Furthermore, addresses holding over 1,000 BTC have been buying during the same two-week period.<\/p>\n<figure id=\"attachment_323721\" aria-describedby=\"caption-attachment-323721\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13.png\"><img decoding=\"async\" class=\"wp-image-323721 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13.png\" alt=\"Bitcoin whale activity\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/glassnode-studio_btc-addresses-with-balance-1k-13-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-323721\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Read about <a href=\"http:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Bitcoin&#8217;s price prediction for 2023\/2024<\/a><\/p>\n<hr \/>\n<p>Although the market currently looks <a href=\"http:\/\/ambcrypto.com\/will-bitcoins-q3-be-favorable-for-investors\/\">bullish<\/a>, Bitcoin traders should still proceed cautiously. This is because the market might still pull off another bearish wave, especially if recent ETF filings get shot down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategys\u2019s latest Bitcoin purchase represents an important development for the crypto market. This is because it might encourage more institutional investors to jump on board.<\/p>\n","protected":false},"author":63,"featured_media":323723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-323720","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Microstrategy\u2019s BTC purchase may open institutional flood gates - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Bitcoin might be about to experience a wave of institutional liquidity inflows. 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This is because it might encourage more institutional investors to jump on board.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-29T05:30:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/AMBCrypto_An_image_of_a_tall_building_depicting_an_institutiona_ddd629c0-af2e-4c12-8624-b7e415348efd_1200x900.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michael Nderitu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/nderitu_michael\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Nderitu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/\"},\"author\":{\"name\":\"Michael Nderitu\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/0f3e9d96bec7b08bb0f729fb02d5fcbf\"},\"headline\":\"Why Microstrategy\u2019s BTC purchase may open institutional flood gates\",\"datePublished\":\"2023-06-29T05:30:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/\"},\"wordCount\":449,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/AMBCrypto_An_image_of_a_tall_building_depicting_an_institutiona_ddd629c0-af2e-4c12-8624-b7e415348efd_1200x900.png\",\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/\",\"name\":\"Why Microstrategy\u2019s BTC purchase may open institutional flood gates - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/why-microstrategys-btc-purchase-may-open-institutional-flood-gates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/AMBCrypto_An_image_of_a_tall_building_depicting_an_institutiona_ddd629c0-af2e-4c12-8624-b7e415348efd_1200x900.png\",\"datePublished\":\"2023-06-29T05:30:10+00:00\",\"description\":\"Bitcoin might be about to experience a wave of institutional liquidity inflows. 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