Big Brother Institution 'Buys Up' Crypto Assets

In this round of crypto

behind it, institutional capital is the key driver. According to a report released by Galaxy Research on Thursday, Bitcoin financial companies such as Strategy, Metaplanet, and SharpLink currently hold a total of crypto assets valued at 100 billion USD. Among them, Bitcoin accounts for an absolute majority, holding a total of 791,662 BTC (approximately 93 billion USD), which is equivalent to 3.98% of the circulating supply; the Ethereum portion is 1.3 million ETH, worth over 4 billion USD, accounting for 1.09% of the supply.

The Q2 financial report released by Strategy (MSTR) also shows that the company’s revenue reached a historical high, with revenue of approximately 14.03 billion USD, a year-on-year increase of 7106%. This includes unrealized gains on digital assets of 14 billion USD. As of July 30, Strategy holds a total of 628,791 Bitcoins, with an average holding cost of 73,277 USD per coin. The company also announced an application for 4.2 billion USD in STRC issuance financing, which will further be used to increase BTC holdings.

Another whale, The Ether Machine, holds 334,800 ETH (approximately 1.24 billion USD), making it the third largest holding institution, second only to the Ethereum Foundation.