According to Ripio's Chief Revenue Officer, Matías Dajcz, large whales are selling their Bitcoin, but publicly traded companies are actively buying more cryptocurrencies.
The crypto asset market is going through a unique moment. Despite large whales (individuals or entities that own a significant amount) selling thousands of old Bitcoin, publicly traded companies continue to significantly increase their positions in digital assets, according to recent statements shared through a press release by Matías Dajcz, Chief Revenue Officer of Ripio.
“Just in July, publicly traded companies acquired 49,000 BTC for a total of $5.8 billion, at an average price of $117,000 per Bitcoin, even with large investors selling BTC from old wallets. Currently, companies hold 955,000 Bitcoin, representing a 5% growth in just one month,” according to the Chief Revenue Officer of Ripio.
According to what the executive explained, since August 2024 Bitcoin increased by 80% and last month, we saw a new ATH of BTC at $123,000. Additionally, the U.S. House of Representatives passed three historic bills: the CLARITY Act, which serves as a regulatory framework; the GENIUS Act, which promotes innovation in blockchain; and the Anti-CBDC Act, focused on protecting financial privacy. This move reinforces the consolidation of Bitcoin Treasuries, which now include assets like Ethereum and SUI.
Given the market context, it could be assumed that this trend of incorporating digital assets into corporate and financial strategies not only redefines business models but also reinforces the role of blockchains as pillars of innovation and decentralization in the global financial system.
Corporate economy is adopting stronger currencies to bolster their treasuries in the medium and long term.
And you, what are you doing with your personal economy?$BTC
#ETHInstitutionalFlows #CryptoIntegration
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