Corporate treasuries quietly boost Bitcoin reserves despite market slide

Corporate treasuries continue to quietly scoop up Bitcoin even as the market retraces recent ￰0￱ bagged more than 7,700 BTC last week, hinting that they still have an appetite while retailers back off. A bullish rally triggered after the US Fed chair Jerome Powell’s Jackson Hole address witnessed a major correction. Bitcoin, which went on to hit $117k last mid-week, dropped back to the $112K zone on ￰1￱ dominance hovers around 57.6%. The cumulative crypto market cap fell by 2.4% over the last 24 hours to stand at $3.89 ￰2￱ 24-hour trading volume spiked by 81% to hit $243 ￰3￱ load up on Bitcoin From August 18–24, at least 48 treasury announcements were made globally, as shown by data compiled from company ￰4￱ highlighted that four new treasuries were launched, collectively holding more than 41 BTC.

However, 16 more firms signaled plans to build reserves, and 5 planned to buy more of ￰5￱ 22 saw a Japanese fashion brand, ANAP Holdings, increasing its Bitcoin holdings by 6.26 ￰6￱ Japanese company scooped 200 BTC, pushing its holding to 364.93 BTC on the same day. However, ￰7￱ Villafuerte filed HB 421 for a Philippine Strategic Bitcoin ￰8￱ intends to buy 2,000 BTC/year for 5 years (10,000 BTC total).) revealed its first 10.6 BTC buy, with a target of 210 BTC. H100 Group picked up 102 BTC and now holds a total of 911.29 ￰9￱ scoops more Amid the fresh market drop, Metaplanet acquired another 103 Bitcoin, taking its total holdings to 18,991 ￰10￱ added 41.5 BTC, ANAP 11.7 BTC, and Agile Media Network 0.6 ￰11￱ Consulting also announced it will begin building a ￰12￱ corporates also stepped in as DDC enterprise bagged another 200 BTC on August 25, bringing its stash to 888 ￰13￱ Digital added 13 BTC, taking its holdings past 4,000 BTC.

Florida-based LM Funding America bought 164 BTC, lifting its total to 311 ￰14￱ Coffee added 5 BTC to reach an even 100 ￰15￱ continued to lead the ￰16￱ reveals the purchase of 3,081 Bitcoin for $356.9 million at an average price of $115,829. The firm now holds 632,457 BTC and is by far the largest corporate ￰17￱ is dealing with heavy selling pressure, and balance sheet buyers are speeding up their “Buy The Dip” ￰18￱ price dropped by more than 3% over the last 7 days, opening a window to add ￰19￱ biggest crypto is trading at an average price of $112,472 at the press ￰20￱ 24-hour trading volume jumped by 70% to stand at $87.8 ￰21￱ seen where it ￰22￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.