Why has BTC surged so sharply over the past 2 days? Most of the buying came from #ProCap BTC, which purchased 4,932 BTC worth 514.5M. On June 23, they announced a 1B merger and had raised more than 750M. https://x.com/APompliano/status/1937123498624684246 In less than a day, they spent 386.5M to buy 3,724 BTC at an average price of 103,785, causing BTC to spike nearly 5%. https://x.com/APompliano/status/1937519817767936038 Just now, they announced that they bought another 1,208 BTC(128M) at an average price of 105,977. https://x.com/APompliano/status/1937861252417544653