Strategy Inc.: Announced a fresh purchase of 1,142 BTC (~$90M) on February 9, reinforcing its long-term accumulation strategy despite near-term market weakness. Cango Inc.: Sold 4,451 BTC as part of a strategic shift toward AI and high-performance compute infrastructure. Hedge Fund Deleveraging: Multiple hedge funds exited “basis trade” and leveraged arbitrage positions during the early-February selloff, contributing to accelerated downside $BTC
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New holders of Bitcoin
Strategy Inc.:
Announced a fresh purchase of 1,142 BTC (~$90M) on February 9, reinforcing its long-term accumulation strategy despite near-term market weakness.
Cango Inc.:
Sold 4,451 BTC as part of a strategic shift toward AI and high-performance compute infrastructure.
Hedge Fund Deleveraging:
Multiple hedge funds exited “basis trade” and leveraged arbitrage positions during the early-February selloff, contributing to accelerated downside
$BTC