Global Firms Don Buy $366M for Bitcoin, Strategy Dey Hold 641K BTC
Global publicly traded non-mining companies buy net $366 million Bitcoin last week, up from $33.74 million before, according to SoSoValue. Strategy (formerly MicroStrategy) lead buying with $45.6 million for 397 BTC at average price $114,771, raising holdings to 641,205 BTC. Together, these companies now hold 875,580 BTC—about 4.39% of circulating supply—worth around $94.34 billion. This steady institutional investment show say corporate adoption of Bitcoin as reserve asset dey rise, fit boost market liquidity and support price.
Bullish
Di big big net inflow of $366 million into Bitcoin wey global publicly traded firms bring mean say institutional demand strong well well, wey fit drive short-term bullish momentum as trading volumes and liquidity dey increase. Strategy still dey accumulate pass 641K BTC dey show say confidence dey, e fit reduce available supply. For long term, as more companies dey adopt Bitcoin as reserve asset, e fit make market stable and support steady price rise.