New whales now hold 33% of BTC realized cap as Strategy reduces buying

Institutional investor Strategy has decreased its role as a primary Bitcoin accumulator, with recent data highlighting a shift in buying dynamics among large BTC holders. The company has not made significant purchases in the past five weeks, moving away from its position as a leading source of demand for Bitcoin. Over the last several weeks, Strategy has split its financial activities between moderate Bitcoin acquisitions and rebuilding its cash reserves. According to the company’s most recent 8-K filing, it sold $22 million in common stock to help finance these activities.

Source: CoinTurk News