Bitcoin stands strong through the historic sell-off, continuing to attract global corporate capital!
The cryptocurrency market has just witnessed an astonishing milestone: Bitcoin has successfully navigated one of the largest sell-offs in history! Galaxy Digital executed a transfer transaction of over 80,000 $BTC (worth more than 9 billion USD) from a Satoshi-era "whale" – this Bitcoin has been "asleep" for 14 years. Despite the massive sell-off, the price of Bitcoin only dropped by about 3% and quickly recovered back above the 117,000 USD mark. This demonstrates Bitcoin's enduring strength and remarkable resilience under significant pressure.
Global companies continue to actively accumulate Bitcoin.
Not only has it overcome a major challenge, but Bitcoin also continues to receive strong trust from businesses around the world:
#Volcon (USA): This electric off-road vehicle manufacturing company has purchased an additional 2,903 BTC, bringing its total Bitcoin holdings to 3,183 BTC.
Refine Group AB (Sweden): This investment and technology development company has raised an additional 5 million SEK (approximately 520,000 USD) with the aim of purchasing more Bitcoin. #Sweden
These moves indicate that businesses increasingly view Bitcoin as an important strategic asset for risk hedging and long-term growth. Bitcoin's extraordinary endurance during the historic sell-off, combined with the continuous flow of investment from companies, paints a very optimistic picture for the future of the cryptocurrency market.