Recently there was a pump in the price of Bitcoin, from $58k to $65k and someone said it's because the US cut down the interest rate by 0.5% which didn't actually make a much different from the previous time. But I think news like this one and the other news about micro strategy acquiring 18k+ Bitcoin is what makes the price of Bitcoin to surge high.
$828 million is equivalent to 13k BTC and it took just 1 week for bitcoin ETFs to reach that number. But ETFs have been buying bitcoin for months now and they're holding close to 1 million bitcoins, but ironically even that hasn't been able to trigger a bitcoin bull run for bitcoin, so far. Do you think that just because this small country holds a negligible amount of bitcoin, and it has impacted the market and caused bitcoin to increase? Does this make sense?
Have you tried checking MicroStrategy's previous bitcoin purchases? I bet you will be more surprised and disappointed than you think because almost every time they buy, the market corrects afterward. I don't know if it's a coincidence or not but this happens often.
Fed rate cuts have a positive impact on the entire world economy, not just bitcoin. If you don't believe me, you can check the gold and stock markets and you will see.