# BTCTreasuryPush

TREASURY RACE RETURNS - WHY BALANCE SHEET BIDS STILL RULE BTC
Institutional balance sheets told a clear story this past week, even as price action looked calm.
WHO BOUGHT
Hyperscale Data disclosed July 12 that its BTC hoard hit 1,032.49 BTC, worth about $65.8M at $63,758 close. The firm added 130 BTC in the prior week alone. This is not a one off. The list of public firms adding BTC each week keeps growing, and each add removes float from spot market.
At the same time, ETF data gave a mixed view. BlackRock's crypto book was reported down 39% in value despite $15B in net inflows year to date, a