Sovereign funds are buying BTC while retail investors continue to sell

Odaily News John D'Agostino, head of institutional business strategy at Coinbase, said that in April 2025, sovereign wealth funds were increasing their holdings of Bitcoin through ETFs and spot markets, while retail investors were reducing their holdings. He pointed out that institutions see BTC as a safe-haven asset against inflation, with characteristics similar to gold.
Currently, countries such as El Salvador and Bhutan have included Bitcoin in their foreign exchange reserves, and some US state governments are also promoting relevant legislation. Among listed companies, the trend of corporate currency holdings led by MicroStrategy (now renamed Strategy) has been followed by many companies.
Data shows that Bitcoin's market value has recently surpassed Google and has become one of the top five assets in the world. The current BTC price remains above $90,000. (Cointelegraph)