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Coinbase: Governments and Family Offices Continue Buying Bitcoin at $59,100 Discount

Capital Flow Market Analysis Stocks

2026-06-09 12:42:09

BTC-2.04%

According to Bitcoin.com News, Coinbase's head of institutional strategy John D'Agostino said on CNBC that governments, family offices, and sovereign wealth funds are actively purchasing bitcoin as prices fell to a 2026 low of $59,100 last week. D'Agostino noted that institutions originally willing to accumulate bitcoin at $100,000 to $125,000 are even more interested at current levels. He pointed to observations from a recent Middle East trip, citing UAE family offices and sovereign wealth funds as active buyers treating the decline as an opportunity to add exposure, rather than retreating during the selloff.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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