Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward
- Public companies like MicroStrategy and Galaxy Digital now hold over 650,000 BTC combined.
- On-chain metrics show record wallet creation and coin circulation, with institutions buying above $90K.
- Technicals show RSI nearing neutral and MACD momentum declining, suggesting short-term caution.
Bitcoin’s consolidation just above the $104,500 mark is being underpinned by a powerful trend: growing corporate adoption of the digital asset. Leading the charge is Strategy (MSTR), which now holds 580,250 BTC, establishing itself as the ultimate corporate bellwether for Bitcoin investment.
Other notable institutions increasing their Bitcoin reserves include:
- XXI (CEP): 31,500 BTC
- Galaxy Digital (GLXY.TO): 12,830 BTC
- Block, Inc. (XYZ): 8,584 BTC
- MetaPlanet (3350.T): 7,800 BTC
The top five alone account for over 640,000 BTC. The trend spans industries, from tech and finance to retail, illustrated by holdings from Next Technology Holding Inc. (5,833 BTC) and even GameStop Corp. (4,710 BTC).
The post Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for July 25
Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward
- Public companies like MicroStrategy and Galaxy Digital now hold over 650,000 BTC combined.
- On-chain metrics show record wallet creation and coin circulation, with institutions buying above $90K.
- Technicals show RSI nearing neutral and MACD momentum declining, suggesting short-term caution.
Bitcoin’s consolidation just above the $104,500 mark is being underpinned by a powerful trend: growing corporate adoption of the digital asset. Leading the charge is Strategy (MSTR), which now holds 580,250 BTC, establishing itself as the ultimate corporate bellwether for Bitcoin investment.
Other notable institutions increasing their Bitcoin reserves include:
- XXI (CEP): 31,500 BTC
- Galaxy Digital (GLXY.TO): 12,830 BTC
- Block, Inc. (XYZ): 8,584 BTC
- MetaPlanet (3350.T): 7,800 BTC
The top five alone account for over 640,000 BTC. The trend spans industries, from tech and finance to retail, illustrated by holdings from Next Technology Holding Inc. (5,833 BTC) and even GameStop Corp. (4,710 BTC).
The post Bitcoin Analysis: Corporate Treasuries Swell as On-Chain Activity Points Upward appeared first on Coin Edition.
Read More