Many listed companies have been buying more Bitcoin than selling it in the last 30 days, indicating that institutional money is still accumulating despite the price drop and the market sentiment being at an "extremely fearful" level.
To understand the current Bitcoin market, one needs to look beyond the negative headlines: some companies sold off as much as 10,402 BTC, but the more confident group of businesses made significantly larger net purchases during the same period, even as the market was generally weak.
- Over the course of 30 days, the amount of Bitcoin purchased by businesses exceeded the amount sold.
- Strategy led the way with 27,234 BTC, exceeding the total sales of all other companies combined.
- BTC price is falling, dominance is increasing, and the fear index is at an extreme level, but institutional accumulation is still taking place.
Listed companies are increasing their Bitcoin reserves.
Data shows that Strategy (formerly MicroStrategy) purchased an additional 27,234 BTC in 30 days, far exceeding the total amount of BTC sold by all other publicly traded companies combined.
According to data from CoinGecko, Strategy is the most prominent name, adding 27,234 BTC to its reserves in the last 30 days. This figure is described as “more than double” the total amount of BTC sold by all other public companies combined during the same period.
In theory, Strategy argues that Bitcoin can maintain its value in the long term, despite strong short-term volatility. This mindset often implies prioritizing cyclical accumulation strategies rather than reacting to daily fluctuations.
The next group of businesses included Strive Asset Management and DDC Enterprise Limited. Strive purchased an additional 5,504 BTC, while DDC Enterprise Limited added 705 BTC to its balance sheet.
Notably, DDC is not a technology company but still accumulates Bitcoin. Other buyers at the time of recording included American Bitcoin, Canaan, and Parataxis Capital (through its South Korean entity).
The timing of these buy-ins becomes even more significant when they occur amidst a weak overall market. This often reflects the long-term risk appetite of some institutions, taking advantage of the pessimistic period to accumulate.
Bitcoin price falls, but dominance increases and fear grips sentiment is extreme.
At the time of writing, Bitcoin was trading around $67,900, down approximately 1.25% on the day and about 26% on the month, while market dominance increased to 59.11% and the Fear & Greed index was at 8.
According to CoinMarketCap, the price movement shows BTC at around $67,900 after a drop of approximately 1.25% on the daily chart and about 26% on the monthly chart. This is a significant enough drop to impact short-term trading sentiment and behavior.
In the Futures and Options markets, trading activity has been described as slowing down, implying that many short-term traders may be taking a break, reducing their risk tolerance.
Meanwhile, Bitcoin's market dominance increased to 59.11% according to TradingView . At the same time, the Fear and Greed Index reached 8, which is XEM an "Extreme Fear" indicator on CoinMarketCap's scale .
A noteworthy paradox is that while some companies are increasing their Bitcoin purchases, their stock prices are plummeting. This suggests that the stock market may be pricing in macroeconomic risk, leverage, or the cost of Capital differently from the Bitcoin accumulation narrative.
Not only Bitcoin, Ethereum is also attracting businesses.
Besides Bitcoin, Ethereum is attracting significant interest from several businesses, with BitMine reportedly accumulating around 4.33 million ETH and adding over 180,000 ETH in the past 30 days.
Despite the overall market downturn, BitMine is reported to have accumulated approximately 4.33 million ETH, equivalent to about 3.6% of the circulating Ethereum supply. This information is accompanied by the assertion that it is the world's largest publicly disclosed holder of Ethereum.
In the last 30 days alone, BitMine is believed to have purchased over 180,000 additional ETH. If accurate, this rate of accumulation suggests that the demand for Ethereum exposure among businesses is no longer a side issue compared to Bitcoin.
Conclusion: Net buying by prominent companies during a weak market period.
The fact that businesses are net buying crypto during price drops and periods of "extreme fear" suggests that some institutions are prioritizing a long-term perspective over short-term volatility.
- The involvement of non-technology companies like DDC Enterprise Limited shows that Bitcoin adoption is spreading to many industries.
- The drop in Bitcoin price and extreme fear could create an "opportunity zone" for institutions with long-term strategies.
Frequently Asked Questions
Why are there reports of the company selling Bitcoin, but overall it's still a net buyer?
Some publicly traded companies have sold as much as 10,402 BTC recently, but other groups of businesses have bought more over the same 30 days. Notably, Strategy alone bought an additional 27,234 BTC, which is described as more than double the total sales of the other companies combined.
How much Bitcoin has Strategy bought in the last 30 days?
According to data Chia by CoinGecko, Strategy (formerly MicroStrategy) has added 27,234 BTC to its reserves in the last 30 days, leading the group of businesses accumulating Bitcoin.
What is the current price of Bitcoin and market sentiment?
At the time of recording, Bitcoin was trading at approximately $67,900, down about 1.25% daily and about 26% monthly. Market dominance increased to 59.11%, while the Fear and Greed Index was at 8, corresponding to an "Extreme Fear" status.
What are the notable trends in corporate Ethereum purchases?
Ethereum is also attracting attention as BitMine is reported to have accumulated approximately 4.33 million ETH, equivalent to about 3.6% of the circulating ETH supply, and added over 180,000 ETH in the last 30 days alone.
