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Bitcoin Bull Run Faces Uncertainty as Analysts Eye October for Potential Peak

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Bitcoin Bull Run Faces Uncertainty as Analysts Eye October for Potential Peak
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Public companies continue demonstrating strong confidence in Bitcoin despite some pessimistic forecasts. MicroStrategy, led by CEO Michael Saylor, has dramatically expanded its Bitcoin position by raising convertible notes to purchase an additional $2.46 billion worth of the cryptocurrency. This aggressive acquisition strategy has pushed MicroStrategy’s total Bitcoin holdings to $74.18 billion, representing a 60% increase in their position. Mara Holding also made headlines with a $950 million Bitcoin investment, contributing to a broader corporate trend where public companies now collectively hold 4.28% of Bitcoin’s entire supply.

The growing corporate interest in Bitcoin reflects the cryptocurrency’s evolution into a recognized institutional asset. MicroStrategy alone controls 2.894% of Bitcoin’s total supply, potentially providing market stability during periods of high volatility. This institutional backing creates a counterbalance to short-term bearish predictions and suggests underlying strength in Bitcoin’s market foundation.

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Written by
Logan Pierce

Logan Pierce is a U.S.-based crypto researcher and Web3 strategist with deep expertise in AI tools for crypto, Layer 2 scaling, DeFi, and on-chain analytics. With a background in software development and macro trend analysis, he breaks down complex blockchain topics into actionable insights. Logan regularly covers tokenomics, security, airdrops, and emerging technologies like zk tech, helping both beginners and advanced users navigate the evolving crypto landscape.

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