Bitcoin's 20 Millionth Coin Mined, Institutional Capital Inflow Drives BTC Up 8.09%

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Crypto Mars News: The 20 millionth Bitcoin has been mined, leaving only about 1 million coins until the 21 million hard cap. Since February 24, influenced by the Iran conflict, Bitcoin has risen 8.09%, while gold has fallen 0.42%, indicating a shift of funds from gold to digital assets. In the U.S. market, Coinbase premium and continuous Bitcoin ETF fund inflows show that American buyers are driving this rally. Between February 24 and March 4, there was a large-scale daily capital inflow. After a small net outflow on March 5 and 6, the recent two days have seen a return to capital inflows. MicroStrategy preferred stock STRC has experienced four consecutive days of premium and record trading volume. Over the past two days, this premium is estimated to have driven about $130 million to $180 million in funds specifically for Bitcoin purchases, roughly 40% of a strong ETF inflow day. When STRC price exceeds $100, MicroStrategy can efficiently raise funds through market issuance to buy Bitcoin.

BTC2,99%
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