Oil, Inflation, and Fed Risk. Why MicroStrategy Still Wants More Bitcoin Now?
Strategy (formerly MicroStrategy) chairman Michael Saylor hinted the firm could announce another Bitcoin purchase on Monday, posting a buying chart with the caption about finding room for more. The move comes despite oil near $117 a barrel, US inflation at 3.7%, and Fed officials leaning toward another hike. Traders will watch whether the purchase is confirmed and how it squares with the macro backdrop.