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MicroStrategy Expands Bitcoin Holdings to 471,100 BTC Worth $46 Billion

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MicroStrategy has once again solidified its position as the largest corporate holder of Bitcoin, announcing the acquisition of an additional 10,100 BTC for $1.1 billion. The latest purchase, made at an average price of $105,596 per Bitcoin, occurred just before a market correction saw Bitcoin’s price dip 6% below $100,000.

This purchase comes on the heels of the firm’s acquisition of 11,000 BTC just days earlier, which brought its total holdings to 461,000 BTC at an average cost of $63,610 per Bitcoin. With the latest transaction, MicroStrategy now holds an estimated 471,100 BTC, valued at approximately $46 billion based on current market prices.

Related: Why Hundreds of Companies Will Buy Bitcoin in 2025

Funding the Bitcoin Stash

MicroStrategy financed these recent acquisitions through stock sales. The company successfully generated $1.1 billion by leveraging its shareholder-approved increase in authorized Class A common shares, expanding from 330 million to an unprecedented 10.3 billion shares. This decision, reported by Bloomberg, underscores the company’s aggressive commitment to its Bitcoin-focused treasury strategy.

A Bold Vision for Bitcoin

Michael Saylor, MicroStrategy’s co-founder and outspoken Bitcoin advocate, teased the latest purchase on social media, reiterating the firm’s unwavering dedication to Bitcoin as a treasury asset. This move aligns with the broader narrative of Bitcoin adoption in the U.S., where recent developments, including President Trump’s call for a national ‘digital asset stockpile,’ have fueled interest in Bitcoin’s role as a strategic reserve asset.

Related: Trump Signs Executive Order to Explore a U.S. Strategic Bitcoin Reserve

A Remarkable Streak

This latest purchase extends MicroStrategy’s buying streak to 12 consecutive weeks, cementing the company’s reputation as a relentless accumulator of Bitcoin. Despite market volatility and skepticism from traditional investors, MicroStrategy’s strategy has been clear: to double down on Bitcoin, positioning it as the centerpiece of its corporate treasury.

MicroStrategy’s continued accumulation reflects not only the company’s confidence in Bitcoin’s long-term value but also a potential paradigm shift in corporate treasury management as more firms begin to explore Bitcoin as a hedge against inflation and economic uncertainty.





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One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst

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A widely followed crypto analyst says the odds are in favor of one more major move to the upside for digital assets before the market cycle concludes.

The pseudonymous trader known as Pentoshi tells his 850,000 followers on the social media platform X that there’s a one in four chance that the crypto market cycle is over.

The trader notes that he’s leaning towards the total market cap of all digital assets to reach the $4.2 trillion mark, about 26% higher than current levels.

“I think maybe 25% odds the cycle is over and those calling it are correct.

I think 75% odds we at least have one more macro leg up.

In any case, the market has given us chances to buy the previous all-time high (high time frame supports for many altcoins) and many majors.

There’s also a clear invalidation where if we traded below the previous all-time high, then yes, it’d likely be a time to reconsider.

For now, it’s hard to look at this and think the market as a whole is in a bearish spot.

What likely has happened is most people were in memes. With no exposure to BTC or even Solana. Lost a lot. And now believe the entire market is bearish. Where BTC + RWA (real-world assets) have been stronger

We trend up. Consolidate/ chop. People trade it like a trend. And get chopped. Just how I view it currently.”

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Source: Pentoshi/X

Looking at Ethereum (ETH) – often viewed as a bellwether for incoming strength in the altcoin market – Pentoshi says that a “slow shift” is unfolding that will lead to ETH going back to its recent highs at around $4,000.

“What seems impossible now, will be considered a guarantee later in my opinion.

I don’t think ETH looks as bad as people claim currently.

There’s a slow shift taking place, but I do think it’s happening.

Weeks of downtrend can be erased in days.

Back to the highs.”

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Source: Pentoshi/X

At time of writing, ETH is worth $3,099.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Grayscale Investments Launches Bitcoin Miners ETF

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Grayscale Investments LLC has officially launched the Grayscale Bitcoin Miners ETF (MNRS), providing investors with a unique opportunity to gain exposure to the Bitcoin mining industry. This ETF is designed for those who want to invest in Bitcoin miners without directly purchasing Bitcoin itself, making it an attractive option for traditional investors looking to diversify their portfolios.

Key Takeaways

  • Grayscale’s Bitcoin Miners ETF (MNRS) targets companies involved in Bitcoin mining and related services.
  • The ETF is listed on NYSE Arca and tracks the Indxx Bitcoin Miners Index.
  • Investors can gain exposure to the Bitcoin mining ecosystem without direct investment in BTC.

Overview Of The ETF

The Grayscale Bitcoin Miners ETF aims to provide targeted exposure to companies that derive a significant portion of their revenue from Bitcoin mining activities. This includes firms that offer mining infrastructure, hardware, and software services. The ETF is particularly appealing to investors who may not be ready to invest directly in Bitcoin but still want to participate in the growing market.

Investment Strategy

The ETF will not invest directly in Bitcoin or other digital assets. Instead, it focuses on companies that support the Bitcoin network’s operations. The Indxx Bitcoin Miners Index, which the ETF tracks, includes major players in the mining sector, such as:

  1. MARA Holdings – 16.65%
  2. Riot Platforms – 11.92%
  3. Core Scientific – 9.2%
  4. CleanSpark – lower weight
  5. Iren – lower weight

These companies are crucial for maintaining the security and integrity of the Bitcoin network, positioning them for potential growth as Bitcoin adoption increases.

Related: Nasdaq Proposes In-Kind Redemptions for BlackRock’s Bitcoin ETF

Market Context

The launch of the Grayscale Bitcoin Miners ETF comes at a time when the market is experiencing significant fluctuations. Despite Bitcoin’s impressive performance in 2024, with a return of 113%, many publicly traded mining companies have struggled to keep pace. Some have reported declines of up to 84% in their stock prices, highlighting the volatility and risks associated with the mining sector.

Future Prospects

Grayscale’s Global Head of ETFs, David LaValle, emphasized the importance of Bitcoin miners, stating, “Bitcoin miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increases.” This sentiment reflects the broader trend of institutional interest in Bitcoin-related investments, as more traditional investors seek to diversify their portfolios with innovative financial products.

Related: Is $200,000 a Realistic Bitcoin Price Target for This Cycle?

Conclusion

The Grayscale Bitcoin Miners ETF represents a significant step forward in making Bitcoin investments more accessible to a wider audience. By focusing on the mining sector, Grayscale is tapping into a critical component of the Bitcoin ecosystem, offering investors a way to engage with the market without the complexities of direct Bitcoin ownership. As the demand for Bitcoin continues to grow, the ETF could serve as a valuable tool for investors looking to capitalize on the evolving landscape of digital assets.





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BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs

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Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, held below $100,000, trading weak for the third straight day, as Canada joined Mexico in announcing retaliatory import tariffs against the United States.

Prime Minister Justin Trudeau said Canada would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests.

The renewed trade war, coupled with mass deportations of illegal migrants from the U.S., could add to inflation, weakening the case for speedy Fed rate cuts. BTC’s price weakness likely reflects these concerns and offers risk-off cues to traditional risky assets. The broader crypto market followed BTC lower, with the CoinDesk 20 Index falling over 2%.





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