Bitcoin Outperforms Gold and Stocks Amid Global Tensions as ETFs and Strategies Accumulate

ChainCatcher report: Recently, both Bitcoin and Ethereum have outperformed gold and global stock markets, highlighting increased safe-haven demand amid geopolitical tensions. Wall Street brokerage Bernstein noted that Bitcoin’s resilience reflects a fundamental shift in its ownership structure, with institutional investors now dominating the market. On the institutional side, Strategy—referred to as the “last central bank of Bitcoin”—has continued buying Bitcoin during market downturns. Recently, it added 22,337 BTC at approximately $70,194 per coin, bringing its total holdings to 761,068 BTC with an average cost of about $75,696. Analysis suggests that Bitcoin’s recent performance under geopolitical pressure has reignited discussions around its role as “digital gold.” Strategy’s stock (MSTR) is currently trading at a 14% discount to Bitcoin’s net asset value, offering equity investors a high-beta way to gain exposure to Bitcoin’s upside. Through high-yield financing products offered via STRC, Strategy further secures liquidity to support continued market purchases. Meanwhile, spot Bitcoin ETFs have attracted approximately $2.1 billion in inflows over the past three weeks, accounting for about 6.1% of total supply, with institutional investors including wealth management firms, pension funds, and sovereign investors. Retail investors have recently shown net selling, but long-term holders still dominate—approximately 60% of Bitcoin has not moved in over a year—demonstrating its enduring role as a store of value.