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CryptoQuant CEO: Strategy purchases faster than Bitcoin mining speed and gains deflationary advantage
PANews May 10 news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform stating that Bitcoin is deflationary, and Strategy (formerly MicroStrategy) is purchasing Bitcoin faster than the Bitcoin mining rate. They hold about 555,000 Bitcoins and are in a non-liquid state with no plans to sell. This means that Strategy’s Bitcoin holdings could achieve an annual deflation rate of -2.23%, and the deflation rate of Bitcoin held by other stable institutional holders may be even higher.