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Crypto Trends

Fashion Company Mogu Shares Soar on Bitcoin, Ethereum, Solana Buying Plan

by admin September 11, 2025



In brief

  • China-based Mogu said Thursday that its board had approved allocating $20 million in Bitcoin, Ethereum, and Solana.
  • The fashion company’s Nasdaq-listed shares were recently up 76%.
  • Mogu’s board of directors had approved a plan to spend $20 million on cryptocurrencies and crypto-related securities. 

Shares of Nasdaq-listed fashion company Mogu soared on Thursday after the company announced it was buying digital coins Bitcoin, Ethereum, and Solana with its spare cash. 

China-based MOGU was recently trading about 76% higher at $4.40 after soaring at one point to over $7 per share. The share price has been largely stuck below $5 since reaching an all-time high above $37 in early 2021. 

Mogu, which sells clothes and accessories online, said Thursday that its board of directors had approved a plan to spend $20 million on the cryptocurrencies and crypto-related securities. 



“The board believes that by integrating digital assets into its core assets, the company can diversify not only its treasury holdings but also its operational capabilities essential for next-generation AI products and services,” the statement read. 

Decrypt reached out to Mogu for comment. 

Mogu is the latest publicly traded company to buy crypto as a way to diversify their cash holdings. The firm went public in 2018. Chinese tech conglomerate Tencent Holdings was an investor. 

A number of Nasdaq-listed firms are following a model pioneered by Strategy—formerly MicroStrategy—which shifted from software development to buying Bitcoin in 2020. 

The company is now the latest corporate holder of the asset with 638,460 BTC worth over $73 billion. 

Companies pivoting to a crypto treasury plan—buying digital assets so investors can get exposure to the coins—have achieved at least short-term stock price gains, sometimes with massive spikes.

Despite Strategy’s success as a Bitcoin treasury—its shares are up over 2,000% since 2020—the S&P Dow Jones Indices last week said it would not include the company on its S&P 500 index. 

And in a note Wednesday, JP Morgan analysts said that exclusion from the index was negative for other crypto treasuries at a time when such companies’ share prices had already “come under pressure due to overcrowdedness and investor fatigue.”

Bitcoin and Ethereum are the two largest and oldest cryptocurrencies. Solana, the sixth biggest digital coin by market cap, was released to compete with Ethereum. Its crypto network—like Ethereum’s—is used to build applications. 

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September 11, 2025 0 comments
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Why Is Everyone Buying Ethereum?
Crypto Trends

Why Is Everyone Buying Ethereum?

by admin September 11, 2025


  • Whales are back
  • ETH’s market prospects

Despite its already high price levels, Ethereum is seeing a solid surge of instutitonal accumulation tendencies, with funds and whales increasing their purchases. Significant inflows into wallets associated with institutions and newly created addresses have been noted by on-chain trackers in recent days, indicating a renewed belief in Ethereum’s long-term prospects.

Whales are back

At a price of $3,145 on average, Trend Research sold 79,470 ETH (about $250 million) two months ago. The same organization repurchased Ethereum this week at significantly higher prices, demonstrating faith in the cryptocurrency’s potential despite its short-term cost inefficiency. Trend Research removed 9,377 ETH ($41.37 million) and borrowed 88 million USDT from Aave, depositing it to Binance in just the last two hours. Such behavior is indicative of institutional players’ aggressive positioning.

ETH/USDT Chart by TradingView

In yet another significant action, SharpLink sent 379 million USDC to Galaxy Digital, most likely for the purchase of Ethereum. Within 10 hours, four newly created wallets took out 78,229 ETH ($342 million) from Kraken, which is a clear sign that they were accumulating rather than selling. Just five hours ago, Bitmine added to the momentum by buying 46,255 ETH ($200.43 million), increasing its total holdings to over 2.1 million ETH worth $9.27 billion.

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ETH’s market prospects

With the 50-day moving average serving as a solid support, Ethereum’s chart shows solid tendencies at around the $4,200 mark from a technical standpoint. There is still potential for growth without being overbought, as indicated by the RSI’s continued balance. These institutional flows have helped ETH maintain crucial support zones by offsetting retail uncertainty, even though trading volume has decreased recently.

As usual, Ethereum’s role in the larger digital asset ecosystem is probably the reason why everyone is purchasing ETH at this time. The approval of ETFs, the growing popularity of scaling solutions and Ethereum’s role as an infrastructural asset explain the tendencies we are witnessing.

These large purchases are a warning sign for individual investors. Although short-term volatility is unavoidable, Ethereum’s underlying demand profile is strengthening, which could pave the way for another run toward $5,000. Institutions hardly ever deploy hundreds of millions without a long-term strategy.



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September 11, 2025 0 comments
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XRP
Crypto Trends

Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?

by admin September 11, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ripple community is once again caught up in speculation after data showed a steep drop in Coinbase’s XRP holdings. Instead of seeing it as a sell-off, some commentators believe the decline could be linked to BlackRock quietly moving into position through Coinbase Custody. The rumors are persistent, even though BlackRock has already shot down earlier claims about a Spot XRP ETF filing. Nonetheless, this has left many to wonder if there’s more happening behind the scenes than the company is willing to admit.

Coinbase’s Holdings And BlackRock Rumor

Recent on-chain data revealed that Coinbase’s XRP stash has decreased drastically since the second quarter of 2025. This decrease has seen the amount of coins held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone.

Considering the scale of this decline, the movement has stirred up different rumors. Some investors are of the notion that these are actually intended sell-offs by Coinbase, while others are of the notion that they are only strategic transfers involving institutions. Crypto analyst Crypto X AiMan addressed the situation in a video posted on the social media platform X, where he noted that Coinbase is not dumping the coin, despite claims circulating within the community. 

According to the analyst, the reduction is more likely linked to BlackRock, and his team had previously highlighted multiple BlackRock-XRP connections. As such, he admonished investors not to interpret the drop in Coinbase’s wallets as bearish but rather as a sign of shifting custody arrangements, possibly connected to the world’s largest asset manager.

BlackRock’s Position On An XRP ETF

Comments about BlackRock’s interest in the digital asset are growing louder each day, but it is worth noting that the company has already denied reports of filing for a Spot XRP ETF. A company spokesperson for BlackRock recently clarified that no such product has been filed with the SEC. 

Nevertheless, the decrease in Coinbase’s wallets coincides with recent developments involving BlackRock’s partnership with Coinbase, which suggests that an official move relating to a Spot XRP ETF could be in the works. Given BlackRock’s embrace of other crypto ETFs, including Bitcoin and Ethereum, it is only a matter of time before the altcoin joins the lineup.

Although BlackRock has not confirmed any intentions, the rumors alone have increased interest among many holders, as shown by comments on social media. As many as eight other asset managers have filed for a Spot XRP ETF with the SEC, and many investors are still anticipating that a formal filing might arrive sooner than expected. 

At the time of writing, the connection between Coinbase’s reduced holdings and BlackRock is speculative, but as the third-largest crypto by market cap, the idea of Spot XRP ETFs hitting the market soon should not be ruled out.

Price trading at $2.97 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 11, 2025 0 comments
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Tp Link Deco X55 Ax3000 Wifi 6 Mesh System
Game Reviews

TP-Link WiFi 6 Mesh (3-Pack) Drops Below Prime Day Pricing, Cheaper Than Buying Singles

by admin September 9, 2025


A sketchy home Wi-Fi system will drive you nuts in so many ways. Streaming fails, sudden lag fits during an intense gaming session, and those awful dead spots that somehow seem to move around the house — they all mean your home network is outdated or just too weak to give you a strong signal throughout the house.

A mesh Wi-Fi network is the answer — one hardwired mothership and two wireless beacons render your old router and extenders moot and give you a powerful, consistent signal everywhere. Right now Amazon is running a great $140 sale on the TP-Link Deco X55 AX3000 Wi-Fi 6 mesh system, which blankets up to 6,500 square feet in a signal strong enough to banish those dead spots and eliminate those laggy streaming and gaming sessions.

See at Amazon

Lose the Boosters

Wi-Fi boosters and wall-outlet range extenders were the best weapons against Wi-Fi dead spots and weak signals for years, but even at their best they only gave you marginal relief. As both Wi-Fi and the devices that rely on Wi-Fi evolved, those boosters and extenders fell way behind the times, and the mesh network stepped up to take on the fight.

TP-Link was one of the early adopters of mesh technology, and this is one of their better systems at an exceptional price. Each one of the 3 units has three Gigabit ports if you want or need to hardwire, and the easy-to-install network supports up to 150 devices to ensure you’re not experiencing web traffic jams when everyone logs in at the same time. The difference you’ll immediately experience is huge  — speeds of up to 3,000Mbps, with TP-Link’s AI-Driven Smart Mesh technology that learns your network environment and user behaviors and adjusts on the fly to optimize your signal.

Bigger and Safer

The 6,500 square foot range of the TP-Link Deco X55 network is enough to cover most homes and often backyards or garages in a powerful signal. But if your home or property outstretch that coverage, adding another TP-Link Deco beacon is an inexpensive and amazingly easy solution — just plug it in and the network immediately adds it, and your signal and coverage grow.

The TP-Link Deco X55 mesh network is also sure to upgrade your home internet security, with a real-time network scanner that automatically detects threats, robust and easy to operate parental controls, and for an extra $6 per month or $55 per year you can install TP-Link’s HomeShield Pro service for DDoS attack prevention, advanced parental controls, and more.

The TP-Link Deco X55 mesh network and Deco app will take you from unboxing to a massive upgrade to your home Wi-Fi network in next to no time, and this Amazon deal that brings you the 3-pack set for just $140 is a 30% drop from the usual $200 price. 

See at Amazon



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September 9, 2025 0 comments
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(Santiment)
GameFi Guides

Cardano’s Bearish Retail Crowd Hands Whales a Buying Window

by admin September 6, 2025



Cardano’s retail base has flipped bearish after weeks of drawdowns, setting up conditions where whales could step in.

Data from Santiment shows ADA’s bullish-to-bearish commentary ratio slumped to 1.5:1 this week — the lowest in five months. The sentiment dip coincided with a 5% rebound, suggesting traders who sold into frustration may have helped mark a local bottom.

Historically, ADA rallies have tended to begin when retail sentiment is weakest. Santiment flagged a similar setup in mid-August, when a 2:1 ratio aligned with a surge. Conversely, euphoric spikes — like the 12.8:1 ratio earlier this summer — have preceded sharp pullbacks.

(Santiment)

Sentiment extremes matter because crypto markets are unusually sensitive to retail psychology. When optimism peaks, the crowd often buys into tops. When pessimism sets in, larger players use the selling pressure to accumulate. That pattern has been visible across multiple assets this year, including bitcoin and XRP.

For Cardano, the shift suggests whales could use current weakness to build positions, especially if retail continues to capitulate.

The crowd-versus-price divergence remains one of crypto’s more reliable short-term trading signals. For now, ADA’s impatient traders may have just handed longer-term investors their entry point.



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September 6, 2025 0 comments
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Top German Regulator Warns Against Buying Bitcoin
NFT Gaming

Top German Regulator Warns Against Buying Bitcoin

by admin September 5, 2025


Mark Branson, the German regulator at the helm of the Federal Financial Supervisory Authority (BaFin), remains staunchly anti-Bitcoin despite the significant progress that the cryptocurrency has made over the past few years in terms of institutional adoption. 

The fact that Bitcoin and other popular cryptocurrencies have gained mainstream adoption does not make them “sensible” investments, according to Branson. 

He has stressed that consumers should be aware of what exactly they are doing when engaging in cryptocurrency trading. 

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Echoing the critiques of other cryptocurrency enthusiasts, Branson has likened crypto to a casino, arguing that Bitcoin and alternative cryptocurrencies have no inherent value. 

Branson, who spearheaded BaFin back in 2021, previously claimed that Bitcoin was popular with criminals due to its anonymity, which is yet another talking point that gets frequently regurgitated by cryptocurrency opponents.

The former bank manager insists that Bitcoin and other cryptocurrencies should not be kept out of the regulatory system. 

Crypto regulation in Germany 

Like other members of the EU, Germany is currently operating under the comprehensive MiCA regulatory framework, which came into effect in late 2024.

Starting from December 2024, all local cryptocurrency asset providers are supposed to obtain a license from BaFin in order to be able to operate legally. 

BaFin has gained more regulatory powers. It is now capable of shutting down those platforms that do not follow proper licensing requirements. 



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September 5, 2025 0 comments
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Samsungssdevo
Game Updates

Samsung 990 EVO Plus SSD Practically Costs Nothing, the 2TB Model Works Out Cheaper Than Buying Two 1TBs

by admin September 1, 2025


In need of expanding your PC storage space? Samsung is here to help with a series of SSDs at various capacities all on sale for Labor Day. The Samsung 990 EVO Plus with 1TB of space has been chopped down by 38% which brings it from $105 to just $65 — saving you $40. If 1TB isn’t enough for you, the 2TB SSD dropped 32% from $177 to just $120 — saving $57. Still not enough? Alright, alright. Well you can boost your storage space up to 4TB. This highest capacity model of the Samsung 990 EVO Plus is discounted 27% from $328 to only $240. That’s a savings of $88. Game file sizes just continue going up and up so you can set yourself up for a long while with four full terabytes.

This PC-ready SSD can keep up with all your gaming needs with its super fast read and write speeds. It can handle read speeds of up to 7,250 MB/s with writes speeds of up to 6,300 MB/s. Not just great for gamers, but if you’re someone who does any kind of high-end computing with heavy-duty workstations. Anyone working with tons of video or photo editing or is just trying to play Destiny 2 can benefit from these fast load times and vast storage space.

See at Amazon

The Samsung 990 EVO Plus SSD has a focus on high performance without sacrificing efficiency. You have the support for PCIe 4.0 x4 and PCIe 5.0 x2 to thank for that. This support leads to higher data processing and more bandwidth, all while consuming fare less power.

Not PlayStation 5 Compatible

Now you should note that this SSD does not include a heatsink built-in. You know, the tiny metal casing that’s designed to dissipate heat from the unit. Critically, that means you will be unable to install this in your PlayStation 5 to expand that consoles miniscule starting capacity. If you’re looking to pop it in your PC. you have nothing to worry about. Also, even though it’s not equipped with a heatsink, the SSD still utilized some smart thermal control. You’ll be able to really push your system without worrying about overheating the PC on account of the finely-tuned controller from Samsung. It should mean that you’ll avoid any sort of sudden drop in performance.

You can also stay on top of your SSD, keeping it up to date with the latest software and firmware updates easily. The free Magician Software can continually monitor the Samsung 990 EVO Plus SSD’s health and push updates to it periodically.

Right now, you can get the Samsung 990 EVO Plus SSD for as low as $65 through Labor Day.

See at Amazon



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September 1, 2025 0 comments
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What to Look for When Buying a Sleep Mask (2025)
Product Reviews

What to Look for When Buying a Sleep Mask (2025)

by admin August 31, 2025


When it’s time to wind down, even a thin beam of streetlight coming through the curtains or the glow of a phone charger can keep your brain from fully switching off. A well-made sleep mask that blocks the light can help you drift off faster and stay asleep even through sunrise.

So forget those flimsy airline eye covers. Sleep masks have come a long way, and the market is filled with a myriad of options designed to help you fall asleep and maintain a good night’s rest. From luxurious silk masks to high-tech sleeping goggles, there’s a sleep mask for every need. Below, we break down what to look for in a sleep mask, the benefits each type offers, and how to get the most out of one so you can sleep like you mean it.

Don’t know where to start when it comes to purchasing a sleep mask for your needs? We’re here to break down all the things you should consider.

For better sleep all around, check out our guide to the Best Sleep Masks, as well as other sleep-related guides, including Best Mattresses, Best Sheets, Best Pillows, and Best Organic Mattresses.

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Sleep Mask Benefits

Sleep masks do more than just block out light. Whether you’re jet-lagged, catching up after a night shift, or simply looking to improve your nightly routine, the benefits of a sleep mask can be long-lasting after a good night’s rest.

Light is the most powerful cue for your circadian rhythm. It essentially tells your brain what time it is. Even the tiniest bit of light exposure can suppress melatonin and delay sleep.

“Most research has been conducted in hospitals due to the noise and lights,” says sleep physician Lourdes DelRosso. “Providing sleep masks and earplugs to hospitalized patients has been studied and published, showing that patients experience deeper and more restful sleep. Just by covering their eyes, we can promote better production of melatonin and send better signals to our brain.” Wearing sleep masks at night can also aid cognitive function, including memory, alertness, and episodic learning, according to a study from the Sleep Research Society.

Wearing sleep masks at night can also aid cognitive function, including memory, alertness, and episodic learning, according to a study from the Sleep Research Society.

And it’s not just the blackout effect of sleep masks that gives users a well-rested night. Sleep masks are a healthy sleep association, providing a relaxing and comforting experience that can help you wind down at night.

“We have touch receptors everywhere on our skin, including around the eyes,” certified sleep expert Annika Carroll says. “If we apply a little bit of light pressure there with this mask, it releases a hormone called oxytocin, often referred to as the love hormone. It promotes relaxation and comfort.”

If you’re prone to migraines, eye masks can be a simple and powerful ally. Light pressure around the eyes can help ease tension and increase blood flow, while total darkness helps reduce light sensitivity, a common migraine trigger.

Friction breaks down the skin’s elastin and collagen, the proteins that keep your face firm and smooth. Wearing an eye mask while you sleep protects the delicate skin around your eyes from rubbing against bedding or your arm, especially if you tend to toss and turn.

We all know the signs of a rough night of sleep: puffy eyes and dark circles. A sleep mask can help tip the odds by boosting circulation in your face, and weighted eye masks can help break up the excess fluid around the eyes that leads to puffiness.

What Shape and Fit Should I Consider?

Sleep mask fits aren’t universal, Carroll says: “I find that there’s a bit of trial and error in finding a mask that fits your face shape. There are rounder faces, and there are slimmer, longer faces.” Be sure to try on a new sleep mask before giving it a whirl; the mask should press gently against your face without feeling too tight, and there should be no gaps between the mask and your skin, especially around the nose. Additionally, several sleep mask characteristics may affect how well it fits on your face.

Photograph: Louryn Strampe

Flat sleep masks are the most traditional type you’ll see—a flat piece of fabric that covers the eyes. These types are generally lighter and more compact, making them easy to travel with. Comfort may be a factor here, since flat masks tend to press against the eyes, which some may find bothersome.

A common problem with traditional slip-on sleep masks is the bridge of the nose lifting the mask, allowing light to seep in and defeating the purpose of wearing it. Many sleep masks today are designed with a contoured nose or without fabric around the nose to prevent any light from penetrating.

  • Photograph: Louryn Strampe

  • Photograph: Louryn Strampe

Some eye masks are built like swim goggles: They feature two convex gaps that allow you to fully open and close your eyes beneath the mask without letting any light in. Eye cups are especially beneficial for people with sensitive eyes and for people who wear eyelash extensions.

Too loose, and the mask will fall off throughout the night. Too tight, and it could uncomfortably press against your eyes or snag your hair while you’re sleeping. Luckily, many sleep masks come with an adjustable strap so you can customize the fit.

When shopping for a sleep mask, examine the product to locate any clasps or adjustable closures. If you’re a back sleeper, you might prefer this piece on the side of your head. Stomach sleepers may find a clasp at the back more comfortable. For those who change positions frequently, consider an unobtrusive adjustment and/or closure mechanism like slim Velcro, a magnetic closure, or a slide buckle.



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August 31, 2025 0 comments
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Bitcoin price eyes $100k crash as Convano adopts Metaplanet-style buying strategy
Crypto Trends

Bitcoin price eyes $100k crash as Convano adopts Metaplanet-style buying strategy

by admin August 30, 2025



Bitcoin continued its downward trend after a major options expiry on Friday. It also plunged as Convano, a sleepy Japanese company, announced a BTC buying strategy.

Summary

  • Bitcoin price could crash to $100,000 as the recent momentum wanes.
  • Convano, a Japanese company, aims to buy coins worth $3 billion.
  • Bitcoin strategy companies have lost momentum this year.

Convano to accumulate $3 billion worth of Bitcoin

The Bitcoin (BTC) price, at last check on Saturday, is down more than 5.4% over the previous seven days, and down 13% from its all-time high this year. The rising uncertainty about the Federal Reserve, rising crypto liquidations, and a multi-billion-dollar options expiry triggered a crash.

Still, despite the current crash, a small Japanese nail salon operator known as Convano has launched a new Bitcoin buying strategy. It is now rising about $3 billion, which it will use to acquire 21,000 Bitcoin. Its planned capital raise is much higher than its market capitalization of $386 million.

Convano hopes to become a successful story like Strategy and Metaplanet. Strategy, formerly known as MicroStrategy, has seen its market capitalization jump from approximately $1 billion in 2020 to $90 billion, primarily driven by its Bitcoin buying strategy. 

Similarly, Metaplanet has moved from being a hotel owner to a $2 billion company, helped by its 18,991 Bitcoin purchases. 

The risk for Convano is that Bitcoin treasury companies are not doing well. Strategy stock has plunged by over 25% from its 2024 high, while Metaplanet has crashed by over 50% from the year-to-date high. 

Other top companies that have adopted this strategy, such as GameStop, MicroCloud Hologram, and Trump Media, have also slumped. According to BitcoinTreasuries, there are now over 100 companies holding over 989,926 coins. 

Bitcoin technical analysis

BTC price chart | Source: crypto.news

The daily timeframe chart shows that the BTC price has crashed after peaking at a record high of $124,200 earlier this month. BTC has moved below the 100-day and 50-day Exponential Moving Averages, while the Average Directional Index rose to 19, indicating that the downtrend is strengthening. 

It has also formed a double-top pattern and moved below the neckline at $111,834. This pattern has a height of about 9.3%. Measuring the same distance from the neckline means that it may crash to $100,000 in the coming days. 



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August 30, 2025 0 comments
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VanEck: Corporates Buying Bitcoin Faster Than You Think
Crypto Trends

VanEck: Corporates Buying Bitcoin Faster Than You Think

by admin August 28, 2025


  • Rapidly growing institutional demand 
  • Diminishing role of miners

According to New York-based financial giant VanEck, corporations are currently buying Bitcoin at a much faster pace than most people realize. 

Meanwhile, the role of miners continues to diminish compared to previous cycles. 

Rapidly growing institutional demand 

Notably, corporations have so far added a staggering 638,617 BTC this year. 

This extremely impressive sum represents a fivefold increase compared to the previous year. In 2024, for comparison, corporations added 120,290 coins. 

Corporate treasuries have now emerged as an extremely influential market force, supplanting Bitcoin miners. 

At the same time, exchange-traded funds (ETFs) offered by such major players as Fidelity and BlackRock bought 300,066 BTC in 2024 and 381,037 BTC in 2025.

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Hence, total institutional demand is now approaching a million coins in 2025, which is a sizeable increase compared to the previous year. 

Diminishing role of miners

Corporate demand substantially exceeds new Bitcoin supply, which currently stands at 166,000 coins. 

As noted by VanEck, only 330,000 Bitcoins will be mined during the next halving cycle that will take place from 2028 to 2032. It will then take more than a century to mine an additional 330,000 coins. This shows just how limited future demand for Bitcoin is. 



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August 28, 2025 0 comments
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