crypto

Yaël Bizouati-Kennedy1/13/25

10-week streak: MicroStrategy buys more bitcoin, bringing its stash to 450,000

MicroStrategy just added more bitcoin, announcing it bought 2,530 bitcoin for about $243 million, making it the 10th consecutive weekly purchase for the company.

“As of 1/12/2025, we hodl 450,000 $BTC acquired for ~$28.2 billion at ~$62,691 per bitcoin. $MSTR,” CEO Michael Saylor said on X.

This latest purchase follows the company’s announcement last week that it planned to raise up to $2 billion through “one or more public underwritten offerings of perpetual preferred stock” to buy more bitcoin.

MicroStrategy continues to inspire others to follow in its bitcoin bullishness. Most recently, on January 10, spirit producer Heritage Distilling announced that its board adopted a bitcoin-treasury policy, allowing it to “begin accepting, acquiring, holding and using bitcoin in its daily business, including as a form of payment from its customers and as a form of payment to its vendors.”

The company’s website says it’ll start accepting bitcoin “soon.”

With its 10th weekly purchase in a row, MicroStrategy now hodls over 10x more than Marathon Digital in second place:

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Yaël Bizouati-Kennedy

Ethereum drops below $4,000 as Rex-Osprey launches first ETF with ethereum staking

Mounting concerns over digital asset treasuries buying crypto near the top of the market may be weighing on overall sentiment.

Businessman Looking at a Graph

crypto

Yaël Bizouati-Kennedy9/24/25

Bitcoin’s price finally breaks past $113,000 but ETFs continue to bleed

Bitcoin has seemed stalled around $112,000, but is finally breaking past the $113,000 mark on Wednesday as whales have led a rush to sell. The token’s price is still down nearly 2% over the past week.

David Siemer, CEO of Wave Digital Assets, told Sherwood News that the wave of liquidations is due to a combination of factors hitting at once, including the fact that crypto markets have become heavily leveraged after bitcoin’s run past $120,000.

“Once bitcoin slipped through key price levels, stop-losses and liquidations snowballed against relatively thin liquidity, which amplified the move,” he said, adding that at the same time, stronger-than-expected US inflation data lifted the dollar and dampened risk appetite, giving traders another reason to unwind positions.

“Short-term holders were quick to sell into the weakness, further accelerating the downside,” he said.

Meanwhile, bitcoin ETFs continue to bleed, with outflows reaching $466.7 million since Monday, SoSoValue data shows. Reflecting the risk-off sentiment, gold ETFs, in contrast, experienced their largest inflow since January 2021 on Friday as gold itself hits all-time highs.

Yaël Bizouati-Kennedy

Brazilian OranjeBTC becomes South America’s largest bitcoin treasury

Adam Back and the Winklevoss brothers have backed the company, which plans to go public via a reverse IPO.

bitcoin symbol

Yaël Bizouati-Kennedy

Dogecoin fails to rally despite doge ETF launch and more upcoming funds

Even though more parties are entering the dogecoin ETF arena, the token is falling along with the broader crypto market.

A grumpy Shibu Inu

Yaël Bizouati-Kennedy

Strive to merge with Semler Scientific to form “the fastest growing corporate Bitcoin holder”

Meanwhile, Metaplanet made its largest acquisition to date of 5,419 bitcoin.

Bitcoin symbol

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