3
Even after many smaller competitors exited the space over the past year, major digital asset treasury (DAT) firms continue to accumulate Bitcoin (CRYPTO: BTC) and performance of these two assets. Here is the reasoning behind that outlook.
Strategy gobbled up the newly mined Bitcoin in Q2
DAT companies raise capital by issuing stock, preferred shares, or debt, which they subsequently use to purchase and hold cryptocurrency. Because these firms maintained their buying activity, the supply of newly mined Bitcoin remained insufficient to satisfy total market demand.
