Bitcoin holds $76K, strengthened by sustained Strategy's accumulation and ETF inflows
Bitcoin (BTC) has continued to experience strong corporate and institutional demand over the past week, following another round of weekly acquisitions from digital asset treasuries and inflows into crypto products.
  • Strategy purchased 3,273 BTC for $255 million last week, boosting its treasury holdings to 818,334 BTC.
  • The company made its latest purchase at an average price of $77,906 per BTC.
  • Strategy's acquisition comes amid sustained institutional demand for Bitcoin products, which saw $933 million in inflows last week.

Bitcoin (BTC) has continued to experience strong corporate and institutional demand over the past week, following another round of weekly acquisitions from digital asset treasuries and inflows into crypto products.

Strategy deepens treasury bet amid sustained ETF inflows

Strategy led the corporate bid, disclosing that it purchased 3,273 BTC for $255 million, at an average price of $77,906 per BTC. The latest addition brings the company's total holdings to 818,334 BTC, acquired for roughly $61.81 billion.

The purchase was funded through proceeds from the sale of 1.45 million shares of its Class A Common Stock (MSTR) under Strategy's at-the-market (ATM) equity program. 

The move marks its fourth consecutive weekly acquisition since it resumed aggressive purchases at the start of April. Last week, the company made its third-largest weekly acquisition worth 34,164 BTC. The latest purchase reinforces its position as the largest corporate BTC treasury globally.

Strategy also reported a year-to-date BTC Yield of 9.6%, a metric tracking growth in its Bitcoin holdings relative to outstanding shares.

Institutional demand has also remained evident across digital asset investment products. Bitcoin-focused products recorded $933 million in net inflows, accounting for the majority of the $1.2 billion that crypto products attracted last week, according to CoinShares weekly report.

The inflows marked a fourth consecutive week of positive run, lifting assets under management (AuM) across digital asset products to $155 billion, their highest level since early February.

Short-Bitcoin products also saw $16.5 million in inflows, indicating some investors continue to hedge positions despite improving sentiment.

Bitcoin trades at $76,700 at the time of writing on Monday, as traders brace up for the upcoming Federal Open Market Committee (FOMC) meeting.

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