Bitcoin treasuries continue buying as price stays in $115,000 to $119,500 range
Neither the Fed meeting nor the release of the White House digital asset report did much to move bitcoin’s price.
It’s been a fairly steady week for bitcoin, which is trading in the $115,000 to $119,500 range, neither buoyed nor bothered by the Fed meeting or the release of the long-awaited White House report on digital assets.
Meanwhile, bitcoin treasury companies continue to grow their piles:
Strategy acquired 21,021 bitcoin for $2.46 billion and now holds 628,791 bitcoin. The company, the largest corporate bitcoin holder, is set to release its second-quarter earnings today, followed by an earnings call that will be “the most important event in the history of Strategy.”
Twenty One Capital raised its bitcoin holdings goal, announcing in a press release that “it expects to receive approximately 5,800 additional Bitcoin from Tether, ahead of Twenty One’s planned public listing. This brings Twenty One’s total holdings at closing to over 43,500 Bitcoin.” Despite being relatively nascent, the company is the third-largest corporate bitcoin holder.
Metaplanet acquired 780 bitcoin, bringing its total to 17,132.
Semiconductor company Sequans Communications acquired 755 bitcoin and has a total of 3,072.
UK-based The Smarter Web Company acquired 225 bitcoin, bringing its total to 2,050.
New names in the bitcoin game have also entered the arena:
Volcon rebranded to Empery Digital, “aligning its name and branding with its new BTC treasury strategy.” The company acquired 303 bitcoin and now has a total of 3,803 bitcoin. It changed its ticker for shares and will now trade on the Nasdaq under the new ticker symbol “EMPD” from “VLCN” as of today.
Newly rebranded Capital B (ex-The Blockchain Group) acquired 58 bitcoin. The French company now holds 2,013 bitcoin.
Abu Dhabi-based The Phoenix Group announced it had adopted a $150 million digital asset treasury. The company holds 514 bitcoin.
