The market is still pricing in rate hikes, but two crypto treasury companies kept adding to their holdings last week.
Here’s why: Strategy bought 334 BTC last week at an average price of $85,839, bringing its total holdings to 848,000 BTC. Bitmine added 15,112 ETH, bringing its holdings to 6,016,414 ETH, or 4.9% of the total ETH supply. These companies use equity and bonds as channels to buy crypto. The steadier the price, the more smoothly this cycle of raising funds and buying more crypto can turn.
Their positions speak for themselves.
For crypto holders, this means that institutions are slowly absorbing supply.
Next week, watch to see if these two keep buying.
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
Here’s why: Strategy bought 334 BTC last week at an average price of $85,839, bringing its total holdings to 848,000 BTC. Bitmine added 15,112 ETH, bringing its holdings to 6,016,414 ETH, or 4.9% of the total ETH supply. These companies use equity and bonds as channels to buy crypto. The steadier the price, the more smoothly this cycle of raising funds and buying more crypto can turn.
Their positions speak for themselves.
For crypto holders, this means that institutions are slowly absorbing supply.
Next week, watch to see if these two keep buying.
👉 我每天盯的价位清单、判断更正，都先发群里。进来对着看
