Public Firms' Bitcoin Holdings Surge $311M as Strategy Leads Charge
Public companies have increased their Bitcoin holdings by 4003 BTC over the past week, valued at $311.82M.
The largest contributor to this net gain was #Strategy, which purchased 4603 BTC for $358.56M.
#Bitmine added a significant amount of Ethereum to its holdings, with 53501 ETH worth $130.86M.
Stablecoin supply expanded by $987.1M over the same period.
Daily trading volumes on decentralized exchanges (DEX) fell 4.94% and perpetual volumes dropped 12.74% week-over-week.
However, protocol revenue rose 3.59%, driven in part by a surge in USD AI activity that is having an impact on on-chain economics.