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GateUser-53a6e1a8

Institutions are quietly trying to buy the dip in this bear market—Mara and Saylor’s timing is something else.

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CoinNetwork
Market Activity Review: Public companies accumulated 2,399 BTC, stablecoin market cap decreased by $249 million
CryptoWorld News, from June 15-22, the market was sluggish, with DEX spot prices flat and perpetual contracts down 9.2% month-over-month. Public companies collectively purchased 2,399 BTC (approximately $157 million), including Mara buying 1,000 BTC, Strategy increasing by 520 BTC, and Bitmine purchasing 52,203 ETH. The total market cap of stablecoins declined by $249 million. Last week, six companies bought 2,398.62 BTC on DEX. Regarding institutions/whales, Michael Saylor bought 520 BTC at $67,068/BTC (about $35 million), Tom Lee purchased 52,203 ETH (about $92 million), and Mara bought another 1,000 BTC last week (about $66.7 million).
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