Last week saw a significant increase in Bitcoin holdings as treasury companies ramped up their cryptocurrency purchases. The total Bitcoin holdings have now surpassed 1 million $BTC.
Active Purchases by Treasury Companies
In September, Strategy made a major purchase of 4,048 $BTC. This amount exceeds the total of all its purchases in August and brings its total Bitcoin holdings to 636,505 $BTC. MARA Holdings also added to its reserves with a purchase of 1,838 $BTC, solidifying its status as the second-largest Bitcoin treasury. Japan’s Metaplanet acquired an additional 1,009 $BTC, bringing its total to 20,000 $BTC and securing the sixth position among the world's largest Bitcoin treasury companies.
Increasing Bitcoin Scarcity
Overall, treasuries bought around 9.8K $BTC last week, bringing their total holdings to over 1 million $BTC, which accounts for approximately 4.7% of the total Bitcoin supply. This scarcity may enhance the asset's value and create a bullish trend in the cryptocurrency market.
Potential Investment Opportunities in Cryptocurrency
One interesting project for investment is Bitcoin Hyper ($HYPER), which raised $14.4 million in presales. Another noteworthy option is Best Wallet Token ($BEST), which has raised $15.6 million in similar campaigns. Additionally, the project Little Pepe ($LILPEPE) reported $24.8 million in its presales. These projects are viewed by potential investors as opportunities for significant growth.
The rise in Bitcoin holdings and active purchases by treasury companies create favorable conditions for increasing the value of the cryptocurrency. This may also influence the markets, leading to heightened interest in other assets, making now a suitable time for investing in promising projects.
