Matthew Sigel from Vaneck says MicroStrategy’s bitcoin buys have little influence on BTC’s price. Analyzing six months of data, he found a weak correlation between the firm’s purchases and price movements, debunking the claim that corporate accumulation drives the market.
Does $MSTR drive Bitcoin price?
TLDR: No.
1) Most weeks, Strategy accounts for only a low-single digit percentage (3.3% to be precise). The mean average is higher at 8.4% per week, but this result is elevated by four weeks in which its volume was >20%, offset by 8 weekly periods… pic.twitter.com/r7mvuO0a69— matthew sigel, recovering CFA (@matthew_sigel) April 21, 2025
