Four Public Companies Buy 612 Bitcoin as Strategy, BitMine Pause Purchases
Suehyeon Lee
Summary
- Strategy and BitMine paused additional cryptocurrency purchases, but some public companies continued buying Bitcoin (BTC).
- Between May 18 and May 24, four publicly traded companies bought a combined 612 BTC, worth about $47.5 million at current prices.
- Strive, The Smarter Web Company, DDC Enterprise and Hyperscale Data hold a combined 21,525 BTC, valued at about $1.67 billion.
Forecast Trend Report by Period
Some publicly traded companies continued to buy Bitcoin even as Michael Saylor’s Strategy and Tom Lee’s BitMine paused additional cryptocurrency purchases last week.
Lookonchain’s weekly report, published May 25, showed that Strategy did not add to its Bitcoin holdings between May 18 and May 24. BitMine also made no additional Ether purchases during the same period.
Four public companies, however, bought a combined 612 Bitcoin over that stretch, worth about $47.5 million at current prices.
The buyers were Strive, The Smarter Web Company PLC, DDC Enterprise Limited and Hyperscale Data.
According to the report, the four companies now hold a combined 21,525 Bitcoin, valued at about $1.67 billion.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
