Sovereign funds are buying BTC while retail investors continue to sell

Odaily Planet News: Coinbase's Institutional Business Strategy Head John D'Agostino stated that sovereign wealth funds are increasing their Bitcoin holdings through ETFs and spot markets in April 2025, while retail investors are selling. He noted that institutions view BTC as an inflation-hedging asset similar to gold. Countries like El Salvador and Bhutan have already incorporated Bitcoin into their foreign exchange reserves, and some U.S. state governments are promoting related legislation. In the corporate world, the trend of holding Bitcoin, led by MicroStrategy (now renamed Strategy), has been followed by many companies. Data shows that Bitcoin's market capitalization recently surpassed Google, ranking among the top five global assets. Currently, BTC price remains above $90,000. (Cointelegraph)