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Bitcoin activity remains vibrant, yet cautious spending by treasury companies shows a distinct shift in approach
Recent data shows that Bitcoin treasury holdings are diminishing. While Bitcoin remains popular, companies known as “Bitcoin treasury companies” are buying less than before, reflecting a cautious approach. Reports indicate these companies hold a record 840,000 Bitcoin but are reducing the amount purchased per transaction. For instance, Strategy’s purchases have decreased by 86% from earlier in the year, suggesting financial constraints or increased caution. El Salvador’s purchase of gold for the first time since 1990, to diverge from Bitcoin, suggests a possible bearish sentiment for Bitcoin. Japan’s ... (full story)