Bitcoin Conference

Michael Saylor (Jason Koerner/Getty Images)

seeing orange

Strategy kicks off the week with $110 million bitcoin buy

Two new companies also entered the bitcoin buying trend.

Yaël Bizouati-Kennedy

6/9/25 8:45AM

This morning, Strategy cofounder Michael Saylor posted that the company acquired 1,045 bitcoin for $110.2 million and now holds 582,000 bitcoin. Strategy was up 1.5% in early trading.

Meanwhile, bitcoin saw a rebound over the weekend, trading in the $107,500 range this morning. The corporate bitcoin buying spree also added two newcomers to the fray.

French company The Blockchain Group announced it was raising €300 million ($342.2 million) via an at-the-market program to buy more bitcoin. The company holds 1,471 bitcoin.

The program “is largely inspired by the U.S. practice of at-the-market programs,” the company said in a press release, adding that the goal is to “accelerate its bitcoin treasury strategy.” ATMs have been one approach Strategy has used accumulate bitcoin.

SilverBox Corp IV, a publicly listed SPAC, announced it has entered into a nonbinding letter of intent with Parataxis Holdings to “bring bitcoin-native capital platform to public markets,” according to a press release.

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Businessman pulling a dollar sign

crypto

Claire Yubin Oh11/25/25

BlackRock’s IBIT on track for its worst month of net outflows, as investors yank $2.3 billion from the bitcoin ETF in November

BlackRock’s iShares Bitcoin Trust ETF, the world’s largest bitcoin fund, is heading for its worst month of outflows since it launched in January 2024.

Investors have pulled over $2.3 billion (net) throughout November so far. The jitters come as bitcoin grapples with its worst downturn since 2022, when the entire crypto world shook following the fall of Sam Bankman-Fried’s FTX — bitcoin has dropped more than 40% from its October high as of Monday’s close.

With their soaring popularity redefining and legitimizing cryptocurrencies at an institutional level, spot bitcoin ETFs have become a key barometer of wider investor sentiment surrounding the digital currency — as well as risk assets more broadly.

Notably, spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust tend to see their inflows accelerate with rising prices, and amplify falling prices when outflows become dominant. Citi Research, cited by Bloomberg, found that this feedback loop sees a ~3.4% price drop for every $1 billion pulled out from bitcoin ETFs.

Related reading: Bitcoin’s plunge produces technical signal that implies 60% more downside to come

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