According to @rovercrc, significant institutional buying is impacting the Bitcoin (BTC) market. The Blockchain Group (ALTBG), a Paris-listed firm, has purchased an additional 182 BTC, increasing its total holdings to 1,653 BTC valued at nearly 149 million euros, with an average cost basis of approximately 90,000 euros per coin. In a larger move, Anthony Pompliano's ProCap BTC acquired 3,724 BTC at an average price of $103,785 each, shortly after raising $775 million. This purchase is part of a plan to establish a corporate treasury that could grow to $1 billion in BTC. These substantial acquisitions by corporate entities signal strong bullish sentiment and a strategy of using Bitcoin as a primary treasury asset, which could provide price support as BTC currently trades above their purchase prices, around $107,723.