Global Firms Buy $366M in Bitcoin, Strategy Holds 641K BTC
Global publicly traded non-mining firms net purchased $366 million in Bitcoin last week, up from $33.74 million previously reported, according to SoSoValue. Strategy (formerly MicroStrategy) led the buying with $45.6 million for 397 BTC at an average price of $114,771, boosting its holdings to 641,205 BTC. Collectively, these companies now hold 875,580 BTC—about 4.39% of circulating supply—valued at roughly $94.34 billion. This sustained institutional investment underscores rising corporate adoption of Bitcoin as a reserve asset, which could enhance market liquidity and underpin price support.
Bullish
The significant net inflow of $366 million into Bitcoin by global publicly traded firms signals robust institutional demand, likely driving short-term bullish momentum as trading volumes and liquidity increase. Strategy’s continued accumulation to over 641K BTC further underscores confidence, potentially reducing available supply. In the long term, growing corporate adoption of Bitcoin as a reserve asset may bolster market stability and support sustained price appreciation.