Lookonchain
Public companies added a net 2,254 BTC worth $191.76 million in the week ending Sept. 20, while Strategy bought 950 BTC for $80.82 million. Bitmine also bought 27,562 ETH worth $75.35 million.
Why it matters
The buying came alongside a $56.29 million increase in total stablecoin market capitalization. DEX spot volume edged up 0.39%, while perpetual futures volume rebounded 20.91% week over week, pointing to broader trading activity across crypto markets.
Market impact
The data presents a mixed but constructive picture. Protocol revenue fell 5.83% week over week, although Exponent led revenue growth with a 3,020% increase. Institutional accumulation and stronger derivatives activity remain the key bullish signals, while stablecoin growth and protocol earnings will show whether the expansion can broaden.
Frequently asked questions
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How much Bitcoin did public companies add during the week?
Public companies added a net 2,254 BTC worth $191.76 million during the week ending Sept. 20.
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How much Bitcoin did Strategy buy?
Strategy bought 950 BTC worth $80.82 million.
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How much Ethereum did Bitmine purchase?
Bitmine bought 27,562 ETH worth $75.35 million.
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How did DEX trading volumes change?
DEX spot volume rose 0.39%, while perpetual futures volume rebounded 20.91% week over week.
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Did protocol revenue increase during the week?
Overall protocol revenue fell 5.83% week over week, although Exponent recorded a 3,020% increase in weekly revenue.
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