Institutional Crypto Accumulation Continues Despite Selloff
Even as spot prices drop, corporate digital asset treasuries are aggressively buying. Strategy (MSTR) added 250 BTC, BitMine added 12,532 ETH, and DeFi Development Corp is also accumulating.
What we know
An account on X highlighted a morning accumulation report: BitMine (BMNR) added 12,532 ETH bringing holdings to 6.03 million ETH; Strategy (MSTR) purchased 250 BTC for $21.5M bringing total to 848,250 BTC; DeFi Development Corp also buying. @saylor RT'd a snapshot of BTC-backed digital credit instruments (STRK, STRF, STRD, STRC, SATA) showing each would have protected capital vs. BTC while paying dividends — framing the financialization of BTC as eventually bringing hundreds of billions in new capital.
How the story developed
Even as spot prices drop, corporate digital asset treasuries are aggressively buying. Strategy (MSTR) added 250 BTC, BitMine added 12,532 ETH, and DeFi Development Corp is also accumulating.
Multiple crypto trading accounts converge on a bearish BTC thesis: price is pinned at the $80,500 average investor break-even level with bears eyeing a flush to $75K before any recovery.
Sources
“The financialization of $BTC will bring in hundreds of Billions in capital over time.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.