This demand has happened at a time when demand for spot Bitcoin, Ethereum, and gold has waned. Bitcoin ETFs have shed over $1.7 billion this month and $2.4 billion last month. Bitcoin price also retreated after Strategy unveiled its $11.2 billion unrealized loss and after the company sold coins last week. Before that, the company had been accumulating coins on almost every week. It now holds 846,706 coins worth over $51 billion.