Global Bitcoin Strategy Accelerates with Major Corporate Buys and a $500M Crypto Treasury Fund
- Michael Saylor’s Strategy purchased 1,955 Bitcoin for US$217.4 million at an average price of US$111,196 per coin, maintaining their aggressive accumulation strategy.
- Metaplanet’s CEO Simon Gerovich announced the acquisition of another 136 Bitcoin worth US$15.2 million, bringing their total holdings to 20,136 BTC.
- Hong Kong crypto exchange Hashkey launched “Asia’s largest multi-currency DAT ecosystem fund” with an initial US$500 million fundraising target focused on Bitcoin and Ethereum.
- These institutional purchases coincide with renewed buying activity from US spot Bitcoin ETFs after a period of net outflows.
As Bitcoin (BTC) is trying to hold above US$110k (AU$166k) and US spot BTC ETFs commenced…
