$BTC INFLUENCING AS STRATEGIES BOOST BTC HOLDINGS

Crypto products saw net inflows for the fourth straight week last week, totaling $882 million, with year-to-date (YTD) inflows rising to $6.7 billion, according to CoinShares.

The inflows stemmed from a mix of stagflation risks, a global increase in M2 money supply, and several U.S. states approving Bitcoin as a strategic reserve asset.

The U.S. spot Bitcoin ETF recorded the highest inflows, hitting $867 million and pushing its cumulative inflows to $69.2 billion, the highest since its launch in January 2024. The growth indicates growing acceptance of Bitcoin products among U.S. investors. This follows a settlement between the U.S. and its trading partners — most notably the U.K. and China — that sparked BTC’s rally above $100,000 for the first time since February.

Bitcoin hit a high of $105,450 early on Monday before retreating to $101,400 at the time of publication. Despite the small drop, BTC is still up 7.3% on a weekly basis.

Meanwhile, business intelligence firm Strategy revealed that it has added 13,390 Bitcoin worth $1.3 billion, at an average price of $99,856 per coin. This brings its total acquisition to 568,840 BTC worth $39.42 billion.

More companies are following Strategy’s Bitcoin playbook, paving the way for wider crypto adoption among corporate entities.