Institutional Flows Drive BTC Price, Firms Add 2,254 Coins in One Week

Public companies have been accumulating Bitcoin over the past week, with Lookonchain data revealing that firms net added 2,254 BTC worth $191.76 million. This significant influx of institutional capital has bolstered the overall market sentiment, despite some concerns about potential price corrections.

The total stablecoin supply expanded by $56.29 million last week, further indicating an increase in investor activity. Meanwhile, decentralized exchange (DEX) spot volume rose 0.39%, while perpetual contract (perp) volume rebounded 20.91% week-over-week.

However, protocol revenue slipped 5.83% due to a surge in Exponent's revenue, which posted a staggering 3020% increase. Additionally, Bitmine acquired 27,562 ETH for $75.35 million.