20 Millionth Bitcoin Mined as U.S. Flows and STRC Premium Support 8.09% BTC Gain

The 20 millionth Bitcoin has been mined, leaving roughly 1 million BTC before the 21 million supply cap, Odaily Planet Daily reports. Bitcoin has climbed 8.09% since Feb. 24 while gold slipped 0.42%, with a Coinbase premium and ongoing BTC ETF inflows suggesting U.S. buyers led the move; sizable single-day inflows occurred between Feb. 24 and March 4, small net outflows on March 5–6, and renewed net inflows over the past two days. MicroStrategy's preferred stock STRC has traded at a premium for four straight sessions with record volumes, funneling an estimated $130 million to $180 million into Bitcoin over the last two days, roughly 40% of a strong ETF inflow day; when STRC trades above $100, MicroStrategy can raise capital efficiently via at-the-market offerings to finance further Bitcoin purchases, Odaily Planet Daily reports.