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Crypto analyst Fred Krueger suggested that the $2 billion Tether (USDT) minted yesterday could be linked to MicroStrategy’s recent efforts to accumulate Bitcoin. 
In a detailed analysis shared on social media, Krueger outlined how minting could fit in with the aggressive Bitcoin acquisition strategy that has been a hallmark of the company’s financial operations under Chairman Michael Saylor. 
Krueger noted that $2 billion in USDT was printed around 9:00 p.m. ET. He suggested that it was “extremely likely” that MicroStrategy (MSTR) was the source of this liquidity, using Tether to facilitate Bitcoin purchases on major exchanges like Binance. 
At the time of mining, Bitcoin was trading at $97,300, but climbed to $98,300 amid intensified buying activity allegedly driven by automated MicroStrategy bots. 
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MicroStrategy recently raised $3 billion through convertible notes and may have used an at-the-market (ATM) equity offering to raise additional funds, according to Krueger. Krueger estimates that the company could have up to $12 billion available for Bitcoin purchases. 
“The $2 billion is just the beginning,” Krueger said, adding that this funding could be distributed quickly, with the bulk of the funds allocated before next Wednesday. 
Krueger notes that this influx of liquidity could significantly boost Bitcoin prices, predicting an $8,000 increase. If the funds are fully deployed, MicroStrategy could add up to 120,000 new Bitcoins to its holdings, bringing the company’s total Bitcoin reserves to unprecedented levels. 
He also noted that MicroStrategy's mark-to-market net asset value (mNAV) could fall from $3.3 billion to $2.6 billion based on the $426 share price. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/mystery-of-2-billion-usdt-printed-yesterday-may-have-been-solved-bitcoin-price-might-see/">Mystery of $2 Billion USDT Printed Yesterday May Have Been Solved – “Bitcoin Price Might See…”</a>

Mystery of $2 Billion USDT Printed Yesterday May Have Been Solved – “Bitcoin Price Might See…”

Bitcoin Sistemi EN

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