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**Period Covered:** July 21 – 27, 2025  
Brought to you by **Debifi** — the non-custodial[ Bitcoin-backed lending platform](https://debifi.com/) delivering institutional-grade liquidity.

## Market Overview
![market-overview.png](https://zrhsczo76h2c.compat.objectstorage.eu-zurich-1.oraclecloud.com/debifi-blog-production-mainnet/market_overview_dca5aec1da.png)

- Bitcoin Price (July 27, 2025): ~$117,960 (closing)  
- Weekly Price Range: ~$117,256 – $119,833  
- Year-to-Date Gain: ~25%  
Key Volatility Events:
  - Price consolidation after a mid-week peak near $119,800  
  - Broader risk-off sentiment following U.S. tariff and political uncertainty  

## BTC in Treasuries (as of July 27)
![Image 28-07-2025 at 12.16.jpeg](https://zrhsczo76h2c.compat.objectstorage.eu-zurich-1.oraclecloud.com/debifi-blog-production-mainnet/Image_28_07_2025_at_12_16_3ef4a9943a.jpeg)

## Top 21 Institutional Bitcoin Holders
![top-21.png](https://zrhsczo76h2c.compat.objectstorage.eu-zurich-1.oraclecloud.com/debifi-blog-production-mainnet/top_21_287390d2b6.png)
![Bitcoin Holders 28July](https://zrhsczo76h2c.compat.objectstorage.eu-zurich-1.oraclecloud.com/debifi-blog-production-mainnet/BT_Cdolders28july_5408dfb009.png)

- **MicroStrategy, Inc.** added +6,220 BTC (Total: 607,770 BTC)  
- **Bitcoin Standard Treasury Company** entered Top 4 with +30,021 BTC (Ticker: BSTR)  
- **Trump Media & Technology Group Corp.** entered Top 6 with +18,430 BTC (Ticker: DJT)  
- **Metaplanet Inc.** added +780 BTC (Ticker: MTPLF; Total: 17,132 BTC)  
- **Semler Scientific** added +175 BTC (Ticker: SMLR; Total: 5,021 BTC)  
- **Cango Inc.** added +240 BTC (Ticker: CANG; Total: 4,240 BTC)  
- **Volcon, Inc.** entered Top 21 at #21 with +3,183 BTC (Ticker: VLCN)  

## Governmental Developments
 
- **🇸🇻 El Salvador — July 24:** The government claimed an acquisition of **8 BTC** (~$948K), but the **IMF reported no net increase**, attributing the movement to internal wallet transfers rather than new purchases.  

- **🇺🇸 United States:** No new federal or state-level Bitcoin reserve policy or acquisition developments during this week.  

## Key Observations

- **Corporate Surge:**  
  Bitcoin Standard Treasury (BSTR) leads with +30,021 BTC and joined the rankings in 4th place; Trump Media (DJT) enters the top 10 in 6th place with +18,430 BTC; Volcon, Inc. makes its debut at 21st place with +3,183 BTC.  

- **MicroStrategy & Metaplanet Accumulation:**  
  MicroStrategy continues aggressive accumulation; Metaplanet increased holdings by +780 BTC, reinforcing steady institutional demand.  

- **Broader Activity:**  
  Semler, Cango, and Volcon show continued corporate interest in diversifying into BTC.  

- **Market Conditions:**  
  BTC consolidated just under $120k, reflecting cautious sentiment as markets respond to macroeconomic developments and geopolitical uncertainty.  

📈 For charts, full entry data, and real-time updates, visit [bitcointreasuries.net](https://bitcointreasuries.net)

This report is brought to you by **Debifi**, Bitcoin-backed lending. Non-custodial. Institutional-grade.

*This report reflects verified data from July 21 – 27, 2025. We strive to provide the most accurate and up-to-date data possible. If you spot any errors or discrepancies, please let us know at sergejs.ponomarjovs@debifi.com so we can ensure the highest accuracy standards..*