Key facts
- A Bitcoin treasury has resumed buying Bitcoin.
- The treasury purchased approximately $370 million in Bitcoin.
- This marks the end of a 10-week buying hiatus.
- The pause was implemented to rebalance cash reserves.
A significant Bitcoin treasury has resumed its purchasing activity, acquiring approximately $370 million worth of BTC after a 10-week pause. This move comes as the treasury rebalanced its cash reserves. The treasury had previously been a consistent buyer of Bitcoin, but paused its acquisitions to manage its cash reserves. The resumption of buying indicates a potential shift in strategy or a signal of confidence in the current market conditions.