A question is going viral on social media, reflecting the confusion shared by Bitcoin skeptics and believers alike.
“Can anyone explain to me why companies are buying billions of dollars of Bitcoin every week and the price is virtually unchanged over the last 6 months?” one user posted on X on June 27. “Explain it to me like I’m 5.”
Can anyone explain to me why companies are buying billions of dollars of bitcoin every week and the price is virtually unchanged over the last 6 months? Explain it to me like I’m 5. — ₿itcoin Cam (@btctmac) June 27, 2025
The post quickly generated nearly two million views because it strikes at the heart of Bitcoin’s strange new reality. The world’s most famous cryptocurrency hit an all time high of $111,814 on May 22, according to data firm CoinGecko.com. But since then, it has stagnated. It pulled back and is now trading around $106,000. Despite a wave of big money flowing in from companies like MicroStrategy, hedge funds, and even foreign governments, the price has barely moved.
🥁 The BITCOIN 100 List 👇 6/30/2025 ✅ 20 companies increased their Bitcoin treasury (+14,200 BTC)
✅ The Top 100 companies HODL nearly 850,000 Bitcoin 👇 pic.twitter.com/7oC8GOwKU3 — HODL15Capital 🇺🇸 (@HODL15Capital) June 30, 2025
With that kind of demand, you would expect prices to skyrocket.
Strategy has acquired 4,980 BTC for ~$531.9 million at ~$106,801 per bitcoin and has achieved BTC Yield of 19.7% YTD 2025. As of 6/29/2025, we hodl 597,325 $BTC acquired for ~$42.40 billion at ~$70,982 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/xvWnSkfukS — Michael Saylor (@saylor) June 30, 2025
But they have not. Why?
Bitcoin is Digital Gold, But Not All Gold Moves Fast
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