Even as Bitcoin’s price moves up and down, major companies like Strategy and Metaplanet continue to buy more $BTC.
The two hardest-hit funds were Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT). FBTC lost $344.65 million, while IBIT saw an outflow of $164.3 million.
Metaplanet has ambitious goals for the future. Earlier this year, it announced plans to hold at least 10,000 $BTC by the end of 2025 and 21,000 $BTC by the end of 2026.