Source: Investor’s Business Daily
“The bitcoin price continued its recent surge on Monday, touching a two-month high on news that the Treasury Department might conduct its own version of quantitative easing using its nearly $1 trillion general account. The rally got cooking with a burst of short-covering last Wednesday, when Treasury announced that it would at least double buybacks of long-term government bonds to stem a big rise in 10- and 30-year Treasury yields. … Strategy (MSTR) took advantage of last week’s favorable conditions for bitcoin and the cryptosphere to issue 18.26 million shares of MSTR stock, raising just over $2 billion in cash.” (08/24/26)
https://www.investors.com/news/bitcoin-price-bessent-treasury-general-account-strategy/