Businesses Fuel Bitcoin Growth as Individuals Sell Off Holdings

A new report from River indicates that businesses added a significant amount of Bitcoin (BTC) to their balance sheets in Q2, while individuals sold off a substantial portion of their holdings. According to the data, businesses added 115K BTC during this period.

In contrast, individual investors offloaded 78K BTC, resulting in a net increase of 37K BTC for the market as a whole. This trend suggests that institutions are increasingly taking a more active role in the cryptocurrency space.