Institutional interest in Bitcoin remains robust, as evidenced by a major corporate purchase. Strategy, the world's largest corporate holder of Bitcoin, has acquired an additional 13,627 BTC in a $1.25 billion transaction. According to a recent SEC filing, the company's total holdings now stand at 687,410 Bitcoin, acquired at an aggregate cost of approximately $51.8 billion. The latest batch was purchased at an average price of $91,519 per coin, above Strategy's overall average cost basis of $75,353.
This purchase was funded through the company's at-the-market equity programs, including sales of common stock and preferred shares, highlighting its continued reliance on capital markets to fuel its Bitcoin accumulation strategy. The move reinforces long-term institutional conviction in the flagship cryptocurrency.
However, the news arrives amidst a shifting market sentiment. While institutions continue to pile into blue-chip assets like Bitcoin and XRP, crypto-native traders are reportedly seeking higher-return opportunities elsewhere. Attention is shifting toward newer projects like DeepSnitch AI (DSNT), an AI protocol positioned as a potential high-growth play. The project has raised over $1.2 million in its presale and has launched live tools, including AuditSnitch for smart contract security verification, SnitchFeed for institutional wallet monitoring, and SnitchScan for real-time token safety scoring.
This rotation narrative is underscored by specific market data for XRP. Despite nine consecutive weeks of inflows into US-listed XRP ETFs, spot demand remains soft. XRP's price is weakening, sliding toward the $2.00 psychological support level. Futures market data shows fading conviction, with Open Interest dropping from recent highs to around $4 billion. The token trades below its 50-, 100-, and 200-day Exponential Moving Averages (EMAs), with technical indicators like the RSI trending lower.
Bitcoin itself faces headwinds, trading below $91,000 after failing to hold above the 50-day EMA near $91,550. U.S. spot Bitcoin ETFs experienced approximately $680 million in outflows last week, marking four straight days of negative flows and pressuring sentiment.
The core narrative suggests that while institutional money validates the long-term thesis for major cryptocurrencies, the search for "asymmetrical returns" is driving capital toward early-stage projects with live utility, such as DeepSnitch AI, which is currently in Stage 4 of its presale with a token price of $0.03401.
