Reported 1 day ago
In August, corporate buying of Bitcoin slowed significantly, with tracked treasury entities adding just 47,718 BTC ($5.2 billion), down from over 100,000 BTC in July, according to the latest Bitcoin Treasuries Adoption Report. This reduction in acquisitions coincided with a drop in Bitcoin’s price from an all-time high of $123,000 to below $109,000 by month-end. Interestingly, public company holdings surpassed 1 million BTC for the first time, but the overall value of tracked treasuries declined from $428 billion to $400 billion as Bitcoin prices fell.
Source: YAHOO