Recent Week, Top Public Companies BOUGHT Over 2,406 BTC Worth ~$191 Million
Big Companies Continue Adding Bitcoin to Their Treasuries:
1️⃣ $ASST Strive BUYS 1,355 BTC For $107.7M At 79,475/BTC → Total 26,355 BTC
2️⃣ $MSTR Strategy BUYS 950 BTC For $75.7M At 79,670/BTC→ Total 8,46,000 BTC
3️⃣ $BRR ProCap Financial SOLD 51 BTC → Total 5,254 BTC
4️⃣ $0434.HK Boyaa Interactive International Limited BUYS 152 BTC For $11.56M At 75,899/BTC → Total 4,468 BTC
Note: Today, Strive acquired 1,355 BTC For...
The Fed's recent $15.6B bond purchase has ignited a crypto rally, with Bitcoin surging 23% in just a week. Treasury expanded long-term buybacks from $2B to over $4B, leading to a ~15bps drop in 30-year yields from a 19-year high. Bitcoin jumped from $64K to $69.5K in hours, with $1.44B in shorts getting liquidated, closing the week near $77K—the largest weekly gain since March 2023.
While some label this as "stealth QE," the reality might be more nuanced.
Key points to consider:
- The $15.6B ...