BlockBeats News, January 14 — CoinDesk analyst James Van Straten wrote that "in this cycle, Strategy (MSTR) accounted for about 75% of the retracement, allowing Bitcoin itself not to experience an equivalent decline, as volatility shifted from spot Bitcoin to MSTR common stock.
Meanwhile, Michael Saylor issued a large number of shares at approximately 1x mNAV, acting as the final buyer, thereby to some extent suppressing the formation of a bear market."
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