crypto

Yaël Bizouati-Kennedy3/24/25

Strategy now holds over 500,000 bitcoin worth nearly $45 billion

Michael Saylor’s Strategy announced this morning that it has added 6,911 bitcoin to its reserve. With its latest buy, the company’s stash has surpassed half a million bitcoin worth roughly $44.7 billion as of writing.

Strategy’s 506,137 bitcoin is more than double the amount the US government holds (213,246). Bitcoin was on the rebound this morning, passing $88,000 in price for the first time since March 7. Strategy’s stock jumped 8% in early trading.

Alan Orwick, cofounder of Quai Network, said this latest acquisition further cements Strategy’s role as a dominant force in the cryptocurrency ecosystem.

“This move not only reflects surging retail interest in bitcoin, as evidenced by the company’s unwavering commitment to the asset, but also amplifies market confidence in its long-term value,” Orwick said.

Several other companies are emulating Strategy’s bitcoin strategy, such as Japanese public company Metaplanet, which bought another 150 bitcoin to bring its total to 3,350. This follows the company’s move up into the ranks of the top 10 corporate bitcoin holders last week.

CEO Simon Gerovich posted a “special video message” from Saylor this morning, which the company showed at its annual general meeting.

“Metaplanet and Strategy are on the same mission together to convert the world to a bitcoin standard,” Saylor said in the video.

More Crypto

Yaël Bizouati-Kennedy

Bitcoin treasury firm Nakamoto bought high and sold much, much lower as bitcoin suffers another bad quarter

Bitcoin is on track to close the first quarter of 2026 down more than 24%.

A bronze statue of “Satoshi Nakamoto”

crypto

Sage D. Young3/30/26

Ethereum looks likely to register first monthly green candle since August

Ethereum has increased nearly 4% in the last 24 hours, outpacing crypto majors in the period.

If the asset can hold the current level, trading around $2,065, ethereum will record its first monthly green candle since August, helping the token outperform the broader market slump during the Iran War.

Amid the news, BitMine Immersion Technologies, the largest ethereum treasury firm and largest staking entity, announced acquiring 71,179 tokens, or $146.3 million, in the past week.

“Crypto is demonstrating itself to be a good ‘war time’ store of value,” BitMine Chairman Tom Lee said in a press release.

“The inverse correlation of crypto (and equities) to oil has been increasing and is at the highest levels in the past year. This is logical. Until equity markets become comfortable with the future trajectory of oil prices, rising oil is a headwind for equities and crypto. And in a sense, the crypto winter likely ends when the upside risk to oil prices peaks,” Lee continued.

Meanwhile, ethereum ETFs suffered last week, with the investment vehicles registering $206.6 million in outflows, the third-most in the year, data from SoSoValue shows.

In other ethereum news:

The Ethereum Foundation staked around $46.2 million worth of ethereum on Monday, according to on-chain data. “This is more ETH than they have EVER staked before,” Arkham Intelligence said on social media.
Lido, the second-largest decentralized finance protocol and known for its liquid staking services, primarily for ethereum, is considering a $20 million buyback for its native token, LDO, which has plummeted nearly 96% since its all-time high of $7.30 set in 2021.

Yaël Bizouati-Kennedy

Bitcoin lifts following Trump’s “great progress” comments, may break 5-month losing streak

“Under the surface, the market is not broken, though it is still thin.”

Bitcoin Medals Manufactured At Sakamoto Metal

crypto

Sage D. Young3/27/26

Altcoins have given back the majority of their gains since the Iran war began

While crypto altcoins outperformed for a long stretch after the outbreak of the US war with Iran, the asset class has retraced this past week.

XRP, solana, and ethereum have each dropped more than 6% in the past seven days as the total market capitalization for all of crypto (including bitcoin) has shed roughly $44 billion in the period, per CoinGecko.

Ethereum ETFs have also registered daily consecutive outflows for the past seven days, totaling more than $392.1 million. The last time these investment vehicles had such a streak was in December when ethereum decreased from $3,221 to $2,995, data from SoSoValue shows.

The Iran war was at first a positioning shock that saw crypto thrive, in part because the asset class was “lightly owned,” according to Fredrick Collins, CEO of crypto analytics platform Velo.xyz.

“Now as more concrete and persistent concerns about economic impacts have materialized, it’s not surprising to see crypto struggling as well,” Collins told Sherwood News. “In the face of cyclical (rather than transient) worries for risk assets in general, it’s not realistic to expect crypto to remain unscathed. And so we’ve unfortunately just not seen that initial relative strength in crypto continue to play out.”

Meanwhile, traders are expecting the price of ethereum to decline further this year. Prediction market-implied odds of the cryptocurrency sliding below $1,750 are at 81%, while the probability of the token tumbling under $1,500 stands at 68%, an increase from 52% on Monday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

A drop to $1,457 would liquidate about 162,870 ethereum tokens’ worth of leveraged long positions, worth $323.3 million on Hyperliquid, per CoinGlass.

Slater Santer, a research analyst at trading firm GSR said, "Short term, the market likely remains flow-driven and headline-sensitive. Without a stabilization in ETF flows, a cooling in oil, or a renewed bid in equities, it's hard to argue for a sustained bounce in alts."

Loading...

Slater Santer, a research analyst at trading firm GSR said, "Short term, the market likely remains flow-driven and headline-sensitive. Without a stabilization in ETF flows, a cooling in oil, or a renewed bid in equities, it's hard to argue for a sustained bounce in alts."

Loading...

Yaël Bizouati-Kennedy

Bitcoin falls below $66,000 as Trump’s Iran extension fails to boost market sentiment

Bitcoin is on track to book its sixth consecutive month in the red.

Bitcoin symbol in a window

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.

©2026 Sherwood Media, LLC