Supply Crunch Accelerating

The new supply for the year is around 60,000 BTC, and companies have already surpassed 196,000 BTC in purchases.

Twenty One Capital buys 4,812 BTC

Twenty One Capital $CEP ( ▼ 3.58% ), the BTC investment company backed by Cantor Fitzgerald, Tether, and Softbank, has purchased 4,812 BTC – worth $458.7M (see the onchain holdings here). While the move was telegraphed, with everyone knowing it was coming, it is still impressive that a company can purchase nearly half a billion of BTC in less than a week.

Supply Crunch Accelerating

According to data from Bitwise, public corporations have already bought 3.3x more Bitcoin than has been supplied in 2025. To put that into perspective, the new supply for the year is around 60,000 BTC, and companies have already surpassed 196,000 BTC in purchases.

Should You Diversify?

After a absolutely brutal six months for ETH, something amazing has happened in the past month… the second largest cryptoasset by market cap has woken up. ETH is now up more than 60% since it’s April lows (and investor’s max skepticism). Things like this always beg the question: should crypto investor’s diversify? Or should they just hold BTC?

Bitwise CIO, Matt Hougan, argues that it comes down to what you think crypto is for. A hedge against fiat? Then just buy BTC. But if you think crypto will ultimately become general use technology, then you should invest in a diversified basket. Of course Mr. Hougan is in a sense talking his book as the CIO of BITW. But for those looking for a more “on chain” experience they should look at Coin50.

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