Bitwise research director Ryan Rasmussen stated that Strategy's net holdings increased by 1666 BTC in the third quarter, down from 83901 BTC in the second quarter; Other listed companies saw a net increase of 5617, lower than the previous quarter's 45725. Jag Kooner, head of derivatives at Bitfinex, believes that if the rise of Bitcoin drives treasury companies to gain valuation premiums, companies can purchase coins by issuing additional stocks. However, investors have higher requirements for financing discipline, and the indiscriminate financing boom is difficult to reproduce. In addition, the net inflow of spot Bitcoin ETFs in the third quarter was $6.4 billion, while the net outflow of spot Bitcoin ETFs in the United States was about $229 million last week.
