Bitcoin has weakened steadily this week, with its price retreating to near a four-month low. In a recent statement, Matt Cole, CEO of U.S.-listed Bitcoin treasury company Strive, said prices are cheap and the company plans to keep buying. He said the company already holds 43,153 bitcoins, worth about $2.84 billion according to its own figures. These companies hold primarily Bitcoin as assets, converting funds raised into coins. When Bitcoin prices fall, their book value shrinks as well. The same amount of new shares buys fewer coins, diluting existing shareholders more heavily, while the pace of further purchases depends on when financing opportunities reopen. $BTC

#比特币 #Institutional Holdings