WS #16699
Despite a $40 million hack of Brazil's Mercado Bitcoin, institutional crypto demand remains robust. Strategy (formerly MicroStrategy) added 811 BTC to its treasury, bringing its total to over 849,000 BTC, while Bitmine continued buying Ethereum. This resilience suggests that institutional investors view short-term security breaches as temporary noise against the backdrop of long-term digital asset adoption.
Crypto Market Resilience & Institutional Buying
Despite a $40 million hack of Brazil's Mercado Bitcoin, institutional crypto demand remains robust. Strategy (formerly MicroStrategy) added 811 BTC to its treasury, bringing its total to over 849,000 BTC, while Bitmine continued buying Ethereum. This resilience suggests that institutional investors view short-term security breaches as temporary noise against the backdrop of long-term digital asset adoption.