- Bitcoin remains stable above $110,000, supported by institutional accumulation rather than traditional retail investment activity.
- Over 200 corporations now hold Bitcoin in their reserves, highlighting a growing trend of BTC as a strategic treasury asset.
- The ongoing rally is being driven by spot market activity, signaling long-term confidence instead of short-term speculative trading.
Bitcoin continues to hold above the $110,000 level, signaling sustained momentum in the current market cycle. On that date, Bitcoin was at $110,923, meaning it went up by 0.42% over the previous day. More than $2.19 trillion is held in cryptocurrency, and daily, about $39 billion is traded.
Investors have seldom participated in the latest generation of technology companies.
Unlike past bull runs, retail investors have not been a major driving force behind this rally. Matrixport analysts noted a distinct lack of retail participation, which historically contributed heavily to Bitcoin’s upward momentum. Instead of retail enthusiasm, the current price surge is being led by institutional accumulation.
Companies Play a Major Role in Driving Bitcoin Investment Growth
The firm noted that big investors are now buying Bitcoin more than traders are. Bitcoin is now seen to be transferring from miners and early users into the portfolios of businesses, according to the report. The largest share of Bitcoin is now controlled by Strategy which owns nearly 214,000 BTC valued at more than $23.6 billion.
According to Bitcoin Treasuries, the full number of institutions holding Bitcoin stood at 204 on May 23. Roughly six out of every 10 are that type of company. During the last month, Bitcoin has been added to the reserves of 11 firms, showing that institutions are still interested in crypto.
Agreement Includes New Bitcoin Acquisition
The company announced last Tuesday that it plans to raise $2.1 billion through Series A Perpetual Preferred Stock. Although the main use of these resources is for the company, some can be put toward buying more Bitcoin. By doing this, businesses are acknowledging that BTC has a greater place as a treasury asset.
Matrixport also emphasized that the current rally is largely supported by spot market accumulation rather than speculative trading. This trend suggests a long-term positioning by institutions rather than short-term retail speculation. Analysts noted that understanding these shifts is essential as market dynamics evolve.
