Smaller Bitcoin treasury companies kept buying into last week’s pullback even as Strategy (NASDAQ: $MSTR) paused the weekly accumulation cycle that has become one of the market’s regular public-company signals.
The group added 602.6 BTC, worth about $46 million, after Bitcoin traded below $80,000, according to Cointelegraph
The purchases were spread across several smaller listed firms rather than being led by the market’s largest corporate holder. Strive (NASDAQ: $SATA) made the largest addition, buying 381.6 BTC at an average price of $79,348 per bitcoin, according to a filing with the U.S. Securities and Exchange Commission.
DDC Enterprise (NYSE: $DDC) followed with a 200 BTC purchase at an average price of about $79,496, lifting its total holdings to 2,583 BTC. The Smarter Web Company added 19 BTC at an average price of $77,687, while Hyperscale Data (NYSE: $GPUS) added 2 BTC in the open market. More From Cryptoprowl: The buying arrived during a rougher stretch for institutional Bitcoin exposure.