In a surprising turn of events, the Bitcoin treasury firm, called Titan Assets, has just completed its 100th purchase, acquiring an impressive total of 600 BTC, thus marking a significant benchmark in its acquisition journey.

Titan Assets Boosts Its Bitcoin Portfolio

In a recent announcement on X, the CEO of Titan Assets, Sarah Lambert, shared details of the latest acquisition. This strategic move cost the firm approximately $40 million, highlighting a continuous commitment to expanding their digital assets. While this acquisition might not break records for size, it symbolizes Titan’s steadfast resolve as they reach a notable milestone.

Titan Assets began its Bitcoin journey back in 2021 and has displayed a remarkable strategy with minimal sales, officially selling only once during a market downturn last spring. This underscores the firm’s relentless confidence in Bitcoin’s future potential, with increasing purchase frequency reflecting growing bullish sentiment.

With this newest transaction, Titan’s total Bitcoin holdings have surged to a noteworthy 800,000 BTC, representing around 4% of the global Bitcoin supply. The total expenditure for this formidable stack stands at around $55 billion, yet its current market value hovers near $48 billion, indicating an 13% unrealized loss on their investment at present.

Interestingly, Titan tends to buy near market peaks. Currently, the price of Bitcoin is down by nearly 5% from the latest purchase price of $67,000 per BTC.

According to recent filings with the U.S. Securities and Exchange Commission (SEC), Titan executed the latest purchase between July 5th and 12th, utilizing proceeds from its innovative token sale program.

Each acquisition reinforces Titan’s reputation as a leading Bitcoin treasury entity on the global stage, as evidenced by rankings available on BitcoinTreasuries.net.

Titan Assets also stands as the foremost public digital asset treasury firm overall, surpassing even other notable players in the industry. In second place is CryptoHarvest, a blockchain analytics company that expanded its Ethereum holdings last quarter.

CryptoHarvest has also reported significant activity in the cryptocurrency market recently, announcing in a Monday press release that it added 50,000 ETH to its treasury, boosting its total reserves to 3 million ETH, or approximately 3.15% of the total ETH supply.

Of this amount, the company has staked roughly 2 million ETH in staking contracts. The founder of CryptoHarvest, Jack Morris, commented:

Despite the ongoing market fluctuations, our emphasis remains on a disciplined approach to treasury management, which includes acquiring ETH and enhancing our staking yields effectively.

Bitcoin Market Trends

As of now, Bitcoin’s price is around $66,200, witnessing a drop of over 5% in the past week as market dynamics shift.