Wu says that according to BitcoinTreasuries, listed companies have cumulatively net purchased 166,984 BTC this year, more than twice the total mining output (81,153 BTC) over the same period. This means that listed companies are buying an average of approximately 912 BTC per day.

BTC1.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 2
  • Share
Comment
Add a comment
Add a comment
AlmondMilkLiquidator
· 5h ago
Listed companies FOMO much harder than retail investors, who can handle that?
View OriginalReply0
MorningGoldAsWavesCrashAgainst
· 5h ago
Institutionalbuyingpressureoverwhelmsminingoutput,thesupply-sidenarrativehascompletelychanged.
View OriginalReply0
ZeroSlippage
· 6h ago
Previously worried about miners dumping, now we have to worry about Musk and his ilk dumping.
View OriginalReply0
AirdropNightwatch
· 6h ago
166984 vs 81153, a two-to-one scissors gap, will be more exaggerated after the halving next year.
View OriginalReply0
  • Pinned