crypto

Yaël Bizouati-Kennedy2/14/25

Strategy returns to its bitcoin buying, GameStop may be next

It was a somewhat uneventful week for bitcoin. The asset took a quick tumble after inflation data was released, but quickly recovered. As for corporate bitcoin reserve stashers, they continued their stockpiling mission, but Michael Saylor’s Strategy is still leading the pack by far.

After a short break and for the first time since its rebranding, Strategy resumed its bitcoin accumulation. This week, it added 7,633 to its stash, bringing its total to 478,740. Saylor noted in an X post that this represents “~76% of all bitcoin held by public companies.”

Meanwhile, after a mere photo of Saylor with GameStop CEO Ryan Cohen sent the gaming company’s stock soaring on hopes that it would adopt Saylor’s strategy, this week holders of the meme stock got more fuel for the bitcoin fire when a report came out saying that it is, indeed, considering investing in bitcoin.

Other companies also added more bitcoin to their piles. Energy management platform KULR Technology increased its bitcoin purchases “by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions.” It now holds 610 bitcoin.

Japanese publicly listed Metaplanet, “Asia’s leading bitcoin treasury company,” announced it raised $226 million in “unsecured, ordinary bonds” to buy more bitcoin. The goal is to hold 10,000 bitcoin by the end of 2025 and 21,000 bitcoin by the end of 2026.

Finally, Gumi, a Japanese publicly traded gaming company, announced it would buy $6.5 million worth of bitcoin.

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What will happen if bitcoin and ethereum hit key liquidation levels

Billions in forced liquidations have swept through crypto markets in Q4. Here are the major liquidation clusters on perpetuals protocol Hyperliquid where leverage may unwind.

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

Yaël Bizouati-Kennedy

Bitcoin’s bloodbath slowed by Fed optimism, but as Citi analysts put it, crypto is “having a bit of a meltdown”

Bitcoin ETFs have seen $1.45 billion leave the funds this week so far.

Bitcoin ice carving

Hand Coming Out of Water

Ethereum falls below a critical level

The last time ethereum was below $3,000 was in July 2025, after a number of corporate firms had begun to roll out their ethereum treasury strategies.

Sage D. Young11/20/25

Yaël Bizouati-Kennedy

Bitcoin on its way to worst Q4 since 2018 as analysts see key signal for “bitcoin bear market”

The Crypto Fear & Greed Index is seeing “the longest Extreme Fear streak since the FTX collapse.”

Man Looking Through Fingers

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