Stablecoin supply contracted by $4.68 billion during the week of November 2–8, 2026, while public companies collectively reduced their Bitcoin holdings by a net 11,647 BTC ($869.12 million), according to Lookonchain's weekly on-chain report.
Decentralized exchange activity showed mixed results: DEX spot volume declined 8.38% week-over-week, while perpetual futures volume rebounded 8.58%. Protocol revenue fell 11.08% WoW overall, though Pyth led growth with a dramatic 237,414% increase in weekly revenue.
On the institutional front, Strategy acquired 1,037 BTC ($77.38 million) last week, while Bitmine purchased 9,587 ETH ($20.31 million). Six companies added to their BTC positions and two reduced theirs during the reporting period.
Stablecoin Supply Drops $4.68B as Public Companies Shed Net 11,647 BTC
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