Strategy Buys Another 6,911 Bitcoin; Total Holdings Reach 506,137 BTC
Strategy bought 6,911 BTC between March 17-23, bringing its total Bitcoin holdings to 506,137 BTC. The average purchase price was $84,529 and the total transaction amount was $584.1 million. The company’s total Bitcoin holdings are valued at approximately $33.7 billion.
According to CoinShares’ weekly report, digital asset investment products broke a five-week downtrend, recording inflows totaling $644 million. Bitcoin was the biggest gainer with inflows of $724 million, while Ethereum was the biggest loser with outflows of $86 million. Solana performed positively with an inflow of $6.4 million. The US made the biggest contribution with an inflow of $632 million, while Switzerland, Germany and Hong Kong also recorded inflows totaling over $30 million.
5 Companies Increased Their Bitcoin Holdings Last Week
Strategy, Metaplanet, Bitdeer, Core Scientific and Bitcoin Depot, which are among the 70 largest companies holding Bitcoin, bought a total of 7,349 BTC last week.
Ether Supply on Centralized Exchanges Falls to 9-Year Low
The amount of Ether (ETH) held in wallets linked to centralized exchanges fell to the lowest level since November 2015, according to Crypto Rank on-chain data. The total supply of ETH fell to 8.97 million, reaching a nine-year low.
by Darkex Research – 1 min read