Companies sold 236,237 BTC worth $5.5 billion in two months

Research firm Arcane Research found that from May 12 to the end of June, large companies sold 236,237 bitcoins.worth $5.5 billion.

Ranked first in terms of digital salesassets turned out to be the Luna Foundation Guard (LFG), which manages the Terra project. On the second line in this indicator is the manufacturer of electric vehicles Tesla.

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Arcane Research analyst Vetle Lunde is confident thatenterprises began to get rid of virtual currency due to the collapse of the Terra ecosystem in May. According to him, LFG had to convert 80,081 BTC to ensure the stability of the TerraUSD (UST) rate, but this plan was not successful.

Fearing a market dump, miners sold 19,056 bitcoins in May and June. In some cases, firms sold more coins than they mined, thus depleting their cryptocurrency holdings.

In June, traders succumbed to fear and liquidated51% Purpose BTC ETF of 24,510 coins. And finally, in the second quarter, Elon Musk decided to exchange 75% of Tesla’s $ 936 million bitcoins for fiat currency.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services&#8212; futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.