Bitcoin-Staking Firms Acquire Over 6,700 BTC in One Week
Institutional Bitcoin acquisitions continue to grow, with public companies holding 864,940 BTC, representing 4.34% of the total circulating supply.
BTC
Summary
In the past week, global public companies (excluding miners) acquired $31.63 million worth of Bitcoin, with Strategy purchasing 220 BTC for $27.2 million, raising its total holdings to 640,250 BTC. Other purchases include smaller buys by B HODL, The Smarter Web Company, and Remixpoint. Public companies now collectively hold 864,940 BTC, accounting for 4.34% of Bitcoin’s circulating supply.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
- Bitcoin Treasury Plan: A strategy where companies or organizations purchase and hold Bitcoin as part of their financial assets or corporate reserves.