River said corporate accumulation outpaced retail selling in the second quarter, highlighting a shift in Bitcoin ownership toward business buyers.
Businesses accumulated 115,000 BTC in Q2 while individuals offloaded 78,000 BTC, signaling a second-quarter shift in Bitcoin ownership from retail holders to companies, according to River. The figures point to stronger corporate demand absorbing selling from individual participants and suggest businesses were a net source of support for the market during the period.