Bitcoin (BTC) Treasury Firms' Monthly Buying Stays Below 10% of Peak Since June
Photo: TokenPost
Bitcoin (BTC) treasury companies added less than one-tenth of their November 2024 peak monthly amount in every month since June, while Bitcoin has closed above the group's estimated average cost basis each day since Sept. 18. That estimated average cost basis was about $80,200 on Oct. 19. The price recovery above that level has not coincided with a comparable rebound in the companies' monthly buying pace. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
