In the week ending January 4, 2025, the stablecoin market cap saw a decline of $251 million, while decentralized exchange (DEX) volumes showed improvement in both spot and perpetual trading. Institutional investors added a total of 5,891 BTC, valued at approximately $552.5 million, to their holdings.
Notably, Michael Saylor's Strategy acquired an additional 1,283 BTC, worth $116 million, at an average price of $90,391. Meanwhile, Tom Lee's Bitmine purchased 32,977 ETH, valued at $104 million, increasing its total Ethereum holdings to 4,143,502 ETH, equivalent to $13.06 billion.
Institutions Accumulate 5,891 BTC as Stablecoin Market Dips $251M
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