While Strategy paused its usual weekly buying cycle, a group of smaller companies with BTC reserves took advantage of the price drop to strengthen their positions.
Strive, DDC Enterprise Limited, The Smarter Web Company, and Hyperscale Data added a combined 602.6 BTC valued at approximately $46 million, with entry prices ranging between $77,687 and $79,496 per unit.
During the past week, spot Bitcoin ETFs recorded combined net outflows of $1.54 billion over six consecutive sessions, according to data from Farside Investors. However, sentiment analysis platform Santiment described those outflows as a “counter-indicator,” arguing that ETFs disproportionately reflect retail investor behavior rather than smart money positioning.
Last week, Strategy had announced the purchase of 24,869 BTC for $2.01 billion between May 11 and 17, at an average price of $80,985, marking its third-largest investment of the year. Currently, approximately 198 public companies hold Bitcoin reserves totaling 1.24 million BTC, equivalent to 5.9% of the total supply, according to data from Bitcointreasuries.
Sources:
- https://www.sec.gov/Archives/edgar/data/1920406/000162828026036139/asst-20260519.htm
- https://www.prnewswire.com/news-releases/hyperscale-data-bitcoin-treasury-reaches-approximately-700-bitcoin-302781478.html
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