Companies have purchased 630,000 Bitcoins this year, five times the amount purchased last year

The pace of corporate Bitcoin purchases is accelerating, and the pace is emerging as a key variable influencing Bitcoin prices. This year, the cumulative amount of Bitcoin purchased by companies has reached 1 million.
As of 10 a.m. on the 29th, the price of Bitcoin in South Korea based on Bithumb was down 0.83% from the same time the previous day to 156,108,000 won.
At the same time, the overseas Bitcoin price based on CoinMarketCap rose 0.13% from the same time the previous day to $111,625 (approximately ¥16.41 million).
Bitcoin was trading in the $113,000 range the previous day, but fell to the $111,000 range on this day.
Asset management company VanEck announced in a report on the 28th (local time) that "This year, companies are purchasing
"The total number of bitcoins purchased this year is 638,617, which is five times the total amount purchased last year (about 120,000)," VanEck said. "The scale of corporate purchases this year is expected to reach 1 million bitcoins."
"Corporations have a greater influence on the price of Bitcoin than miners," he said, adding that "only about 330,000 new Bitcoins will be issued by the next halving."
"Even this will take almost 100 years to be replenished at the mining rate after the halving," he said. As time goes by, the supply of Bitcoin to the market decreases, and corporate buying demand
This explains why the price is a more decisive variable.