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MainNewsBTC Game Has...

BTC Game Has Changed: Institutions & Macro Now the Key Focus Over Pure Technicals


by Ikemefula Aruogu
for CoinEdition
Institutional Buys, Macro Now Key Drivers for Bitcoin Price
  • Strategy (MSTR) is largest public co. Bitcoin holder with 506k+ BTC ($44B+)
  • Miners (Marathon, Galaxy) & tech firms (Tesla, Block) among other top corporate holders
  • Institutional buying & macro events increasingly drive BTC market, analyst focus

Michael Saylor’s Strategy (formerly MicroStrategy) is by far the largest holder of Bitcoin among publicly traded companies globally. According to latest reports, Strategy holds 506,137 BTC as of late March. The company accumulated this stash primarily through debt offerings and equity sales starting back in 2020.

Strategy’s early Bitcoin accumulation brought with it an influx of other corporate entities into the crypto ecosystem. This includes Bitcoin miners like Marathon Digital Holdings. Marathon’s holdings of approximately 26,842 BTC, accumulated largely through its mining operations, make it the second-largest known public company holder of Bitcoin currently.

Galaxy Digital ranks third among public companies, holding 15,449 BTC as part of its broader, diversified crypto investment strategy. Tesla, Coinbase Global, Hut 8 Mining, Riot Platforms, Block Inc., CleanSpark, and newcomer MetaPlanet comprise most of …

The post BTC Game Has Changed: Institutions & Macro Now the Key Focus Over Pure Technicals appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsBTC Game Has...

BTC Game Has Changed: Institutions & Macro Now the Key Focus Over Pure Technicals


by Ikemefula Aruogu
for CoinEdition
Institutional Buys, Macro Now Key Drivers for Bitcoin Price
  • Strategy (MSTR) is largest public co. Bitcoin holder with 506k+ BTC ($44B+)
  • Miners (Marathon, Galaxy) & tech firms (Tesla, Block) among other top corporate holders
  • Institutional buying & macro events increasingly drive BTC market, analyst focus

Michael Saylor’s Strategy (formerly MicroStrategy) is by far the largest holder of Bitcoin among publicly traded companies globally. According to latest reports, Strategy holds 506,137 BTC as of late March. The company accumulated this stash primarily through debt offerings and equity sales starting back in 2020.

Strategy’s early Bitcoin accumulation brought with it an influx of other corporate entities into the crypto ecosystem. This includes Bitcoin miners like Marathon Digital Holdings. Marathon’s holdings of approximately 26,842 BTC, accumulated largely through its mining operations, make it the second-largest known public company holder of Bitcoin currently.

Galaxy Digital ranks third among public companies, holding 15,449 BTC as part of its broader, diversified crypto investment strategy. Tesla, Coinbase Global, Hut 8 Mining, Riot Platforms, Block Inc., CleanSpark, and newcomer MetaPlanet comprise most of …

The post BTC Game Has Changed: Institutions & Macro Now the Key Focus Over Pure Technicals appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain

Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain

Bitcoin (BTC) sparked renewed crypto market vigor early Thursday, briefly surging to ...
Digital Gold vs. Real Gold: Bitcoin’s Volatile Rally Closes In on $3.5K+ Gold

Digital Gold vs. Real Gold: Bitcoin’s Volatile Rally Closes In on $3.5K+ Gold

Bitcoin’s performance versus gold is back in focus this week. Today, Crypto Rover sha...