According to CoinDesk, Strategy Executive Chairman Michael Saylor stated that the Bitcoin winter has ended, with Bitcoin's price holding above $78,000 at the time. Market analyst Mati Greenspan believes that the recent market downturn should not be defined as a crypto winter, but rather as a significant correction within a broader bull market. He added that Bitcoin has likely bottomed out, and subsequent growth may be jointly driven by institutional adoption and sovereign state adoption. The report noted that Strategy recently added 13,927 Bitcoin to its holdings, bringing its total position to 780,897 Bitcoin. Greenspan also indicated that a key driver in the next phase could be sovereign adoption, meaning central banks around the world may eventually include Bitcoin as a reserve asset.