Corporate Bitcoin Purchases Drop to Record Lows: What It Means for the Future

Institutional investors are showing a cautious approach towards cryptocurrency, particularly Bitcoin. Data reveals a dramatic drop in corporate Bitcoin purchases in October, reaching its lowest point this year. Companies acquired just 14,400 BTC worth approximately $1.4 billion, signaling a shift away from large-scale Bitcoin investments. This decline highlights a growing trend of caution within the institutional market for crypto assets.