Bitcoin
MicroStrategy Expands Bitcoin Holdings to 471,100 BTC Worth $46 Billion
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4 days agoon
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adminMicroStrategy 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.
MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin and has achieved BTC Yield of 2.90% YTD 2025. As of 1/26/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/UM5dGUS9Ma
— Michael Saylor (@saylor) January 27, 2025
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.
JUST IN: For the 12th week in a row, Michael Saylor posts the Saylor #Bitcoin tracker
MicroStrategy always buys more BTC in the coming week pic.twitter.com/FzVJWqjyx6
— Bitcoin Magazine (@BitcoinMagazine) January 26, 2025
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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Altcoin
Crypto Analyst Predicts XRP Price Could Touch $15 Easily If This Happens
Published
5 hours agoon
January 31, 2025By
adminA well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3.
Banks Adopting XRP Could Send It To $15
Bitcoin was created to disrupt the traditional financial industry and compete with the existing global financial system. While many other early cryptocurrencies like Ethereum and Litecoin also built upon this premise, XRP took another approach. Its creators developed it as a solution for fast and efficient cross-border transactions, aiming to complement the existing financial infrastructure rather than replace it.
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Despite its intended role in improving financial transactions, XRP has faced years of price struggles, with long periods of decline over multiple years overshadowing its utility. This lackluster growth led many traders to lose faith, with some dismissing it as a dying asset. Interestingly, despite regulatory challenges and market downturns, the asset remained one of the top-ranking cryptocurrencies by market capitalization throughout this period.
However, recent price rallies have breathed life into XRP. Particularly, this rally has seen the value of XRP grow massively since November 2024 and is now the third largest crypto in terms of market cap. This has seen sentiment around the altcoin shifting into a more optimistic direction, with some crypto analysts who doubted before now revealing bullish price targets for its price.
One of these analysts is Crypto Beast, who recently shared a $15 price prediction for XRP. Speaking to his over 560,000 followers on social media platform X, Crypto Beast stated that XRP’s price could surge to $15 if banks worldwide fully integrate the token into their systems.
Is $15 A Pipe Dream Or A Realistic Target
There is a valid question of whether XRP can realistically trade at $15 given its tokenomics. As of now, XRP has a total supply of 99.9 billion tokens, with 57.7 billion coins currently in circulation. Its market capitalization stands at $177.6 billion, while its fully diluted valuation is around $307.8 billion. If XRP were to reach $15, its market cap would need to grow to approximately $865.5 billion, assuming no significant increase in circulating supply. This would also push its fully diluted valuation close to $1.5 trillion.
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Such a surge would place XRP ahead of Ethereum in market cap rankings and within striking distance of Bitcoin. On the surface, this might seem like a challenging milestone, but it could become feasible if the asset gains widespread adoption in cross-border payments and replaces current methods like SWIFT. Consequently, the token’s demand will increase significantly, driving sustained price growth.
According to Changelly, the XRP price can reach the $15 target sometime around 2033. At the time of writing, the altcoin is trading at $3.08.
Featured image from Adobe Stock, chart from Tradingview.com
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Bitcoin
Trader Says Crypto Prices To Go Higher for Longer This Cycle – Here Are His Targets for Bitcoin and Ethereum
Published
7 hours agoon
January 31, 2025By
adminA closely followed crypto analyst believes digital assets will remain in a bullish trend for a longer duration than in previous cycles.
In a new strategy session, crypto trader Michaël van de Poppe tells his 768,800 followers on the social media platform X that Bitcoin (BTC) and Ethereum (ETH) could hit massive new all-time highs if the current bull market extends beyond what many are predicting.
“I think that there’s a significant chance that this cycle will be longer and go higher than everybody expects. We’ve had the longest bear market on altcoins. Why not have the longest, final bull market on them? Bitcoin to $500,000 and Ethereum to $20,000. Sign me up.”
The trader says the cycle peak could arrive as late as 2027 and that Bitcoin may become less volatile as it continues upward.
“I don’t think we’ll have many 30% corrections on Bitcoin during this cycle. The markets become larger, through which a lot more liquidity is added and Bitcoin becomes more ‘boring.’ Just a gradual upward pace. Either Bitcoin peaks in Q4 2025 or somewhere beginning 2027.”
Bitcoin is trading for $104,600 at time of writing, flat on the day. Meanwhile, Ethereum is trading for $3,268 at time of writing, up 4.1% in the last 24 hours.
Lastly, the trader says several altcoins may soon follow the lead of layer-1 blockchain network Sui (SUI) and start breaking out. He says bullish divergence is starting to appear on the three-day charts against Bitcoin for several alts, including Optimism (OP), Wormhole (W) and Omni Network (OMNI).
A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.
“The markets start to signal massive signals that utility coins and ETH ecosystem is the next one to thrive.
Why? SUI marked strong bullish divergences on HTF (high timeframe) levels at the lows resulting in 200% and 500% moves against Bitcoin. The same can now be seen on OP, W, OMNI and more.”
Sui is trading for $4.15 at the of writing, up 8.6% in the last 24 hours, while OP is trading for $1.45 down about 1% on the day.
Meanwhile, W is trading $0.24 at time of writing, up 14.4% in the last 24 hours, and OMNI is trading for $7.15, up 1.5% on the day.
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Often, when I speak with everyday Bitcoiners — plebs, if you will — they share with me that they’re torn between carrying on with their “fiat job” and getting more involved in the Bitcoin space on a professional level.
I usually tell them that they can start by incorporating Bitcoin into what they currently do for a living, though, I haven’t had a great example of someone doing this that I can point them to — until this morning.
When it’s time for the clients of osteopath Rob Shaw, based in Essex, UK (just outside of London), to pay him for his services, he presents them with the option to pay with British pounds or bitcoin via a Musqet PoS device.
First Bitcoin payment accepted with @Musqet_Bitcoin POS terminal.
This device reduces traditional payment fees and also enables Bitcoin transactions.
Learn more by listening to this @Princey21M podcast. #Bitcoin https://t.co/8Ac9VgOopL pic.twitter.com/VHBa4mmERM
— Chelmsford Osteopathic Practice (@essexosteopath) May 29, 2024
(Please note he doesn’t go into a lesson on Bitcoin’s underlying technology or the principles of Austrian economics as he does this.)
Rob shared that here and there a client will act surprised when presented with the option to pay with bitcoin but that most simply make their choice between the two and proceed with making their payment.
Rob’s efforts have led to two of his clients now regularly paying in bitcoin, and he also provides a touchpoint for those who have yet to begin paying with it.
In this way, Rob is a Bitcoin bridge.
(And, ironically enough, it was an organization called Bridge 2 Bitcoin that introduced Rob to Bitcoin as a payment technology for his business.)
He’s subtly introducing people to Bitcoin, giving them the option to cross over into Bitcoin land in the process.
Some might call this “orange-pilling” (a term I don’t like much because it feels too coercive), but I’d argue that this is a more refined way to present bitcoin to people. In offering it as an official payment method for professional services, it legitimizes Bitcoin and prompts those unfamiliar with it to begin viewing it in a new light.
If professionals around the world employed such an approach, Bitcoin adoption would accelerate notably.
So, instead of feeling that you have to drop whatever you’re doing for work to join the Bitcoin industry full-time, consider being a bridge to Bitcoin and bringing the Bitcoin industry to what you’re already doing.
Be like Rob, be a Bitcoin bridge!
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