Bitcoin Dominance at Three-Year Highs

Bitcoin Dominance Keeps Climbing

Bitcoin dominance—which measures BTC’s market cap as a percentage of the combined market cap of all cryptocurrencies—hit 58.4% this week, its highest level since March 2021.

Sovereign Nation Mining BTC

Onchain analytics firm Arkham Intelligence claims to have identified the Royal Government of Bhutan's wallet, which owns $1.2B ($782M USD) worth of BTC. The small nation has been accumulating via state-owned mining operation, Druk Holdings.

MicroStrategy Still Buying BTC

MicroStrategy, the largest publicly listed corporate holder of BTC, announced that it recently purchased another 18,300 BTC.

The company, co-founded by Michael Saylor, now owns 244,800 BTC or 1.17% of the total supply. At the time of writing, this amount is worth nearly $21.8B ($14.8B USD).