The trend of institutional investment in crypto assets is really obvious
Recently, Web2 capital has been continuously pouring into the crypto market. For example, MicroStrategy raised over $28 billion through bond issuance to buy Bitcoin and increased its total holdings to 628,791 BTC, with an average cost of $37,800.
On the ETH side, SharpLink has also been active, purchasing 77,210 ETH in late July, totaling nearly $2.9 billion. Now they hold 438,190 ETH, definitely a big player.
Other listed companies like Metaplanet and Canaan Technology are also treating BTC and ETH as strategic reserves. Even Chase Bank has partnered with Coinbase to allow 80 million users to directly purchase coins with credit cards. What does this indicate?
It indicates that traditional finance can't resist this wave, and institutions are really accelerating their entry; the bull market is far from its peak.
