Public companies sold $21.63M in BTC last week, Strategy hasn't bought for two weeks
- —Total reserves of public companies rose 0.54% to 1,125,978 BTC ($87.52 billion, 5.6% of supply)
- —KULR sold all 764 BTC at $76,633, raising about $58.5 million
- —Strive bought 469 BTC at $77,954 for $36.56 million, bringing its reserve to ~25,000 BTC
- —Capital B bought 4 BTC at $77,219, reserve at 3,525 BTC
Why it matters: Corporate demand for bitcoin is weakening: Strategy and Metaplanet are not buying, while some companies are locking in positions.
Source: PANews