Bernstein calls Strategy bitcoin's central bank as
SkimNews Take
With Strategy holding over 761,000 BTC and acting as buyer of last resort, Bitcoin's structural price floor now depends on a single corporate balance sheet's ability to keep issuing capital — concentrating supply absorption in one entity rather than diffuse market demand.
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- Strategy injected $1.6 B into Bitcoin, lifting its stash above 761k000 BTC (Cointelegraph, CoinDesk).
- Bernstein frames Strategy as a de‑facto central bank of last resort, underscoring a growing institutional safety net (Bernstein).
- Analysts see Bitcoin at a $74.4 K six‑week peak with further upside potential, noting the price rally reflects a more resilient holder base (Cointelegraph).
- Market sentiment remains bullish, with price‑action still in play around $58 K and a suite of factors supporting the rally (Cointelegraph).
Why it matters: Institutional backing fuels price stability and opens upside for investors.
