As Bitcoin and Ethereum prices rise, several companies have announced plans to continue adding to their digital asset reserves. Bitcoin remains the top choice.
K Wave Media's Bitcoin Purchases
South Korean firm K Wave Media confirmed the purchase of 88 BTC and aims to accumulate 10,000 Bitcoins, requiring approximately $1 billion in investments. CEO Ted Kim stated their desire to increase BTC holdings while maintaining transparency for investors.
Investor Activity in Ethereum
Analysts report $358 million in Ethereum moving, with seven major investors buying 127,971 ETH in the past 24 hours. Buyers included both known companies and anonymous participants. One transfer originated from the recent GMX security incident.
Current Market Situation
Bitcoin is trading at $113,133.42, reflecting a 3.99% increase over the last 24 hours. Experts indicate the market remains bullish, supported by institutional demand and macroeconomic factors. SEC approval for expanded spot Bitcoin ETFs opens new avenues for market entry.
Recent developments in the market indicate that both Bitcoin and Ethereum continue to attract institutional investor interest, as evidenced by significant purchases and increasing demand.
