Bitcoin falls, even as Strategy buys $835.6M for its holdings

Bitcoin has experienced a significant decline of 10.32% over the past week amidst a general market lag following the longest government shutdown in U.S. history. While gold has risen by 1.79% and the S&P 500 and Nasdaq have seen minor drops, BTC's downturn persists. Major altcoins have fared poorly, with only real-world asset (RWA) and no-revenue indices outperforming BTC. Notably, Strategy Executive Chairman Michael Saylor announced that MSTR purchased 8,178 BTC for approximately $835.6 million. Despite the downturn, Solana has shown resilience, maintaining higher revenue than Ethereum, although its market share has contracted. Crypto miners and the Solana Eco indices have been hit hard, particularly with Solana's MPLX and JTO experiencing declines of 42.36% and 26.81%, respectively, due to emerging competition. With MSTR's net asset value below 1, further purchases may be constrained, affecting Saylor's future buying capacity.

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