Buyer demand for BTC has increased recently, thus we are seeing inflows into spot BTC ETFs. The positive trend is holding up well, and the asset is showing upward dynamics against this background. However, dominance is not in a hurry to decrease, but alts are still showing growth due to the correlation with the main asset.
💰 Asset Entities and Strive will also buy BTC. Asset Entities shareholders approved a merger with Vivek Ramaswamy's Strive Enterprises. The company aims to buy at a discount the depreciated claims for 75,000 BTC ($8.4B) associated with the collapse of Mt. Gox. They are also going to create a BTC reserve of $1.5B. Vivek Ramaswamy is a billionaire, former US presidential candidate, former head of D.O.G.E.
Extremely positive news, which in the long term can give us a good news background and support for market growth. I recommend monitoring the dynamics of the decision on the BTC reserve.
