💰Bitcoin Peaks in May? Top BTC & ETH Buyers & Spot Stocks

Tiger_Contra
05-29

Since April 2025, the $Bitcoin(BTC.USD.CC)$ market has continued to perform strongly. On May 23, the BTC price reached a record high of $112,546.

Mainly benefiting from the support of US policies, the inflow of ETF funds in the cryptocurrency field and the positive signals of technical indicators have jointly driven the rise in BTC prices.

As of press time, public market analysis believes that although there may be fluctuations in the short term, the long-term outlook remains optimistic.

Since 2025, US White House officials have released multiple positive signals for the cryptocurrency field. JD Vance predicted at Bitcoin 2025 that the number of US Bitcoin holders will double to 100 million! Reiterating the view that Bitcoin will not threaten the US dollar.

(See more US White House signals at the end of the article)

BTC rebounds amid DeepSeek AI impact concerns and the Fed's decision to pause rate hikes. Some US-listed companies are following MicroStrategy's lead to store coins.

After $Trump Media & Technology(DJT)$ plans to raise $2.5 billion to increase its Bitcoin investment, are more and more US listed companies beginning to follow $Strategy(MSTR)$ 's example and hoard Bitcoin? [Sly]

On Wednesday local tim $GameStop(GME)$ officially announced the purchase of Bitcoin, but did not disclose the specific price of the purchase, only saying that the company had purchased 4,710 Bitcoins.

Recently, there have been continuous good news in the cryptocurrency circle. After $Coinbase Global, Inc.(COIN)$ , the largest cryptocurrency exchange in the United States, was included in the $S&P 500(.SPX)$ , asset management giant Blackstone disclosed its cryptocurrency-related holdings for the first time, the US Senate passed a procedural vote on the GENIUS stablecoin bill, and $JPMorgan Chase(JPM)$ CEO Jamie Dimon also said that customers would be allowed to buy Bitcoin.

As a result, more and more companies are intensively issuing stocks and bonds to raise huge amounts of money to buy Bitcoin. According to data from Bitcoin Treasuries.net, as of May 28, the number of listed companies holding Bitcoin worldwide has increased from 89 in early April to 113. These companies hold more than 800,000 Bitcoins in total, with a market value of nearly US$88 billion. [Miser]

As of May 29, 2025, the top ten listed companies holding BTC are as follows:

$Strategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Cantor Equity Partners Inc(CEP)$ $Riot Platforms(RIOT)$ , $CleanSpark, Inc.(CLSK)$ $Tesla Motors(TSLA)$ , $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$ $Block, Inc.(XYZ)$ $Galaxy Digital Holdings Ltd.(GLXY)$

Since May, many institutions and companies have continued to increase their holdings and positions of BTC.

We have observed some companies that have bought a large amount of $Bitcoin(BTC.USD.CC)$ and $Grayscale Ethereum Mini Trust ETF(ETH)$ .

Asia counties also increasing $Bitcoin(BTC.USD.CC)$ holdings.

  • Singapore orthopedic medical group $Basel Medical Group Ltd(BMGL)$ announced on May 23 that it had reached an agreement with the "Bitcoin Holders Alliance" to purchase 10,000 bitcoins worth about $1 billion through the issuance of additional common shares. The source of funds is raised through the issuance of additional common shares.

  • Chinese textile and logistics company Addentax announced on May 16 that it would raise funds through the issuance of new shares and planned to purchase up to 8,000 bitcoins and other cryptocurrencies with a total value of about $800 million. The source of funds is the issuance of new shares.

  • Chinese clothing logistics company DDC Enterprise announced on May 16 that it plans to purchase 5,000 bitcoins worth about $500 million. The source of funds is mainly raised through the issuance of additional common shares.

  • Japanese listed company Metaplanet announced on May 12 that it purchased 1,241 bitcoins through market operations, with an average purchase price of 14,848,061 yen per bitcoin, with a total cost of about 18.426 billion yen. After this increase, the company's total bitcoin holdings rose to 6,796.

  • Indonesian fintech company DigiAsia announced on May 20 that it plans to raise $100 million to purchase Bitcoin and pledged to use up to 50% of its future net profits to continue increasing its holdings.

Below are some institionla increasing info since may 2025:

  • Abraxas Capital: Since May 7, it has bought more than 270,000 ETH.

  • $BTCS Inc.(BTCS)$ , a blockchain company listed on Nasdaq, announced on May 21 that it had increased its holdings by 3,450 ETH, bringing its total holdings to about 12,500.

  • SharpLink Gaming: The company plans to raise $425 million to increase its holdings of ETH.

  • A whale or institution: On May 27, a whale or institution increased its holdings by 8,846.5 ETH at an average price of $2,600.

  • $BlackRock(BLK)$: As the world's largest asset management company, it increased its holdings by 4,542 Ethereum on May 5.

  • On May 16, the Ethereum spot ETF had a net inflow of $22.117 million in a single day.

  • These data show the global increase in Ethereum holdings in May 2025, reflecting the confidence and layout of institutions and companies in the Ethereum market.

Since 2025, White House officials have released several positive signals for the cryptocurrency sector. Here are the main messages:

1. Executive Orders of the Trump Administration

  • On March 6, 2025, President Trump signed an executive order to formally establish the U.S. Strategic Bitcoin Reserve, with an initial reserve of 200,000 bitcoins, worth about $17 billion. These bitcoins mainly come from assets confiscated by the government.

  • The Trump administration emphasized the end of the regulatory crackdown on the cryptocurrency industry and suspended the lawsuits against seven crypto companies during the Biden administration.

  • The government supports stablecoin legislation to provide a clearer regulatory framework for the cryptocurrency industry.

2. White House Cryptocurrency Summit

  • On March 7, 2025, the White House held the first cryptocurrency summit in history, aimed at positioning the United States as a global leader in the cryptocurrency field.

  • The summit brought together industry leaders, including Brian Armstrong of $Coinbase Global, Inc.(COIN)$ , Michael Saylor of $Strategy(MSTR)$ , and others, to discuss the importance of regulatory frameworks, Bitcoin reserves, and stablecoins.

3. Statement by David Sacks, head of White House crypto affairs

  • David Sacks stressed the need to include Bitcoin in the national economic strategy and advocated supporting the AI ​​and Bitcoin industries through domestic energy production.

  • He mentioned that the government will explore budget-neutral coin purchase options, that is, increasing Bitcoin reserves without increasing the burden on taxpayers.

4. Ripple CEO Brad Garlinghouse's evaluation

  • He called on the industry to unite and jointly promote regulatory clarity to ensure a fair competitive environment.

5. White House Executive Director Bo Hines' positive statement

  • At the 2025 Bitcoin Conference, White House Executive Director Bo Hines said that the United States is rapidly becoming a global Bitcoin superpower. He emphasized that this trend is bipartisan and marks a revolution in the financial system.

  • Hines made it clear that the US government will not sell any of its Bitcoin holdings, a position that has injected confidence into the market.

  • Haynes stressed the importance of updating the payment system and mentioned that the upcoming market structure legislation will define the classification of digital assets (securities or commodities).

6.Other positive signals

  • Palace officials emphasized the encouragement of cryptocurrency innovation and welcomed overseas innovators to return to the United States.

  • The upcoming market structure legislation will define the classification of digital assets and provide a clearer regulatory path for the cryptocurrency industry.

These positive signals indicate that the US government is taking a more open and friendly attitude towards cryptocurrencies, especially in the field of Bitcoin and stablecoins. This not only brings new development opportunities to the cryptocurrency industry, but also provides clearer policy guidance for investors and companies.

Are related hot spots BTC stocks and ETFs in your holdings?

Some related ETFs: $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$


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Comments

  • TheStrategist
    05-29
    TheStrategist
    What happened to the final Senate vote for stablecoins?
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