Wu Shuo learned that, according to Lookonchain Weekly Report, from May 18 to May 24, Strategy paused buying BTC, Bitmine paused buying ETH, but four listed companies still increased their holdings by a total of 612 BTC, approximately $47.5 million. As of May 25, Strive, The Smarter Web Company PLC, DDC Enterprise Limited, and Hyperscale Data collectively held 21,525 BTC, worth about $1.67 billion. During the same period, the total market cap of stablecoins decreased by $687 million, and both DEX spot and perpetual contract trading volumes declined.

BTC-0.68%
ETH-0.17%
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MarginMoth
· 11h ago
Bitmine has paused buying ETH. Do you think the layer-two narrative has temporarily lost momentum?
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GlassCityAfterTheRain
· 12h ago
Hyperscale Data sounds like a mining farm transformation; traditional computing power companies are also competing for BTC.
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QuietExitPlan
· 12h ago
Strategy and Bitmine have both stopped, but four other companies are quietly increasing their holdings, indicating that institutional confidence in BTC remains divided.
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GateUser-88d5d071
· 12h ago
I didn't pay much attention to Strive before; I looked into it and found that they focus on Bitcoin financial strategies, and the industry is becoming more and more segmented.
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GateUser-2d7346e0
· 12h ago
612 BTC bought across four parties, with an average of about 150 per party, not aggressive but also not a small order
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PaperHandsPro
· 12h ago
Decrease in stablecoins + DEX contraction, this combination looks like funds are moving off-chain, be cautious.
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GateUser-9190180e
· 12h ago
DEX trading volume is declining, on-chain activity is decreasing, and the characteristics of the late bull market are becoming more apparent.
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MountainBeforeTheStorm
· 12h ago
21,525 BTC, based on the current price, the average cost should be around 80,000. Some are in profit, some are in loss, right?
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AirdropArchivist
· 12h ago
The weekly report data is quite detailed, but pausing purchases doesn't mean being bearish; it might be a tactical rest.
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