Public Companies’ Weekly Bitcoin Purchases Fall 99.14% to $17.38 Million

Global listed companies bought a net $17.38 million of Bitcoin last week, a 99.14% drop from the previous period, according to SoSoValue. The activity was led by DayDayCook, which purchased 200 BTC for $15.8992 million on May 21, followed by The Smarter Web Company, which bought 19 BTC for $1.48 million. As of publication, public companies collectively held 1,114,060 BTC valued at about $86.03 billion, highlighting the scale of corporate Bitcoin treasury exposure even as weekly buying slowed sharply.

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Public Companies’ Weekly Bitcoin Purchases Fall 99.14% to $17.38 Million - CoinPost Terminal