Bitcoin holdings of publicly listed firms increased to $20B in one year: Data

A survey showed that 26% of institutional investors and wealth managers support Bitcoins use case as a reserve asset. 

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German govt prepares for next $276M BTC sell-off

The German government moved 3,100 BTC worth $178 million in one hour, with more sell-offs likely imminent.

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Bitcoin investment fund opens doors to EU citizenship

A new fund offers a way to gain citizenship in Portugal by indirectly investing over $500,000 into Bitcoin.

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German govt transfers another $52M in Bitcoin, threatening more BTC selling pressure

Repeated Bitcoin transfers to centralized exchanges suggest the government plans to sell its $2.75 billion in BTC holdings.

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Bitcoin Selloff: German Govt Offloads Another $67 Million As Price Wobbles

In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Govt Continues Its Bitcoin Sell-Off Arkham Intel’s data shows that four of them are internal transfers while five transactions were direct transfers to crypto exchanges and market makers, suggesting an intent to sell. The five potential sales amount to 1,095.339 BTC worth approximately $67 million. Specifically, the BKA made two 125 BTC transfers, each worth approximately $7.7 million, to well-known crypt exchanges Bitstamp and Kraken. An additional transaction involved a minute test transfer of 0.001 BTC to Flow Traders, a leading market maker. This small transaction was soon followed by a much larger transfer of 345.338 BTC to the same entity, strongly suggesting preparation for a substantial sell order. Related Reading: Heres Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert Another noteworthy transfer of 500 BTC was directed to an enigmatic address tagged as 139Po. This address has seen previous activity linked to the German government but remains shrouded in mystery, speculated to be another sale point. These transactions form part of a broader trend observed since last week. Just a day prior, on June 25, the government had disposed of 400 Bitcoin worth $24 million on Kraken and Coinbase, as well as 500 BTC to address 139Po. This is in addition to significant movements earlier last week: $130 million worth of BTC were transferred to exchanges on June 19 and $65 million on June 20. Counterbalancing these outflows, the government received $20.1 million back from Kraken and $5.5 million from wallets associated with Robinhood, Bitstamp, and Coinbase. Related Reading: Will Bitcoin Have A Red Monday, Green Week? Analyst Sets $63,500 Target Currently, the German government’s holdings amount to 45,264 BTC, valued at around $2.8 billion. This makes Germany one of the top nation-state holders of Bitcoin, trailing only behind the United States, China, and the United Kingdom, which hold 213,246 BTC, 190,000 BTC, and 61,000 BTC respectively, according to data from Bitcoin Treasuries. BTC Price Hangs Above Critical Level The pattern of large-scale disposals by the German government has contributed to fluctuations in Bitcoin’s market price, which has experienced a decline of approximately 6% since the onset of these transactions. Bitcoin’s value briefly fell below the $60,000 threshold following the announcement from Mt. Gox about disbursing approximately $9 billion worth of Bitcoin and Bitcoin Cash starting in July. Market analysts and investors are also keenly observing these governmental actions as the sell-off seems to continue at a slow pace. This strategic liquidation by the German government arrives at a pivotal juncture for market sentiment, with Bitcoin prices teetering just above critical support levels. Should the daily trading price close below the $60,000 threshold, it could potentially trigger a more pronounced downturn in Bitcoin’s price, exacerbating market volatility and uncertainty. At press time, BTC traded at $61,451. Featured image created with DALL·E, chart from TradingView.com

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MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an additional 11,931 BTC valued at approximately $786.0 million, further solidifying its position as a major institutional holder of the digital asset. MicroStrategy’s Bitcoin Holdings Surge To Nearly $15 Billion MicroStrategy’s Chairman and Co-founder, Michael Saylor, revealed the latest acquisition in a social media post. The company purchased 11,931 Bitcoin between April 27 and June 19, utilizing proceeds from convertible notes and excess cash at an average price of $65,883 per Bitcoin.  Notably, the recent purchases increased MicroStrategy’s overall Bitcoin holdings to an impressive 226,331 BTC, acquired at a total cost of $8.3 billion, currently valued at approximately $14.9 billion. Related Reading: Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder Saylor’s interest in Bitcoin dates back to 2020, when he began purchasing the cryptocurrency as a hedge against inflation and an alternative to holding cash. Since then, Bitcoin has experienced substantial growth, appreciating around 600% since Saylor’s initial investments.  The recent purchase by MicroStrategy comes at a time when market sentiment towards Bitcoin is mixed. Market intelligence platform Santiment reports that the community is “mainly fearful” or disinterested as Bitcoin’s price hovers between $64,000 and $65,000.  However, Santiment suggests that BTC trader fatigue, combined with whale accumulation exemplified by MicroStrategy’s latest acquisition, often leads to price bounces that reward the patient, as seen in the image above.  BTCs Cycle Top To Reach New Heights Despite the current mixed sentiment in the market, most experts and analysts are forecasting a cycle top for Bitcoin beyond the current all-time highs. Market analyst Crypto Con recently used Fibonacci retracements to forecast conservative and less conservative potential cycle top targets. According to Crypto Cons analysis, the .618 Fibonacci retracement level has proven reliable for previous Bitcoin cycle tops. Extension levels can be derived by retracing from the cycle bottom to the top of the first move. The cycle tops of 2013 and 2017 were predicted at 4.618, while the 2021 top was forecasted at the 5.618 level.  For the current cycle, the conservative target for the cycle top is $106,000, while the less conservative target stands at $161,000, according to Crypto Con. Related Reading: SEC Drama Fuels XRP Rally: Open Interest Skyrockets Adding to the positive sentiment, wealth management firm Bernstein has made bold predictions for Bitcoin’s future price trajectory. Despite arguments from bears that the Bitcoin ETF trade is over and early allocations were driven by retail investors, Bernstein holds a different viewpoint.  The firm emphasizes that Bitcoin ETFs are on the verge of approvals at major wirehouses and large private bank platforms in this year’s third or fourth quarter. These potential approvals and institutional interest act as a catalyst for adoption. Bernstein expects Bitcoin to reach a cycle high of approximately $200,000 by 2025, $500,000 by 2029, and an impressive $1 million by 2033. The firm asserts that institutional investors are evaluating “net long” positions, indicating a growing interest in the cryptocurrency. At the time of writing, BTC has limited its losses in the 7-day time frame to 3.6%, resulting in a current trading price of $65,170 for the largest cryptocurrency on the market.  Featured image from DALL-E, chart from TradingView.com

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Strategy Hits $5.8B Profit in Q1 2025, Sets 25% Yield Goal After Adding 301K BTC

Strategy reported its Q1 2025 results, driven by its Bitcoin-focused investment approach. On the 28th of April, the firm had a total of 553,555 BTC, purchased for a total price of $37.9 billion, about $68,459 each. The companys total Bitcoin holdings included the 301,335 BTC acquired through a record $21 billion at-the-market equity sale. On […]

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El Salvador launches $360M Bitcoin treasury monitoring website

El Salvador was the first country to adopt Bitcoin as legal tender in 2021 and now holds over 5,700 BTC.

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Crypto: China Monetizes Seized Digital Assets to Fund Budget

China is selling crypto assets that have been confiscated by law enforcement for the purpose of funding local budgets.

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Tether Increases Bitcoin Holdings by $735M, Now Owns $8.2B in BTC

Tether, which is one of the leading crypto companies and the provider of USDT, has recently increased its Bitcoin holdings with a purchase of $735 million on Monday. The company continued its bitcoin investment strategy by adding 8,888 BTC on March 31st. This purchase was highlighted by data released from Arkham Intelligence, one of the […]

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On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham

Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm [...]

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Microstrategy to Buy More Bitcoin With Proceeds From $600M Convertible Note Sale

Nasdaq-listed company Microstrategy is planning to sell $600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin Michael Saylor, says bitcoin has become the world’s “most popular investment asset.” Microstrategy to Buy More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) [...]

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MicroStrategy Increases Bitcoin Bet With $822M Purchase, Adds 12,000 BTC To Treasury

As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of $72,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market.  MicroStrategy, led by renowned Bitcoin supporter and former CEO Michael Saylor, recently made a major acquisition, further solidifying its position in the digital asset market. MicroStrategy Bitcoin Investment Pays Off According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy acquired approximately 12,000 BTC between February 26, 2024, and March 10, 2024, for approximately $821.7 million in cash. The average purchase price per Bitcoin was $68,400.  Additionally, MicroStrategy recently completed an offering of convertible senior notes due 2030, raising $800 million in funds. With this latest acquisition, MicroStrategy’s Bitcoin holdings now stand at a staggering 205,000 BTC, acquired for $6.9 billion. Related Reading: Record $1 Billion In Shorts Risk Liquidation If Bitcoin Hits This Price MicroStrategy’s stock trades at $1,557, representing a remarkable 9% gain within 24 hours. The company’s shares have demonstrated a sustained and continuous upward trajectory since February 26, coinciding with Bitcoin’s $50,000 consolidation phase breakthrough.  Over two weeks, Bitcoin surged to its present trading price, establishing a notable correlation between the leading cryptocurrency and MicroStrategy. This correlation has further solidified the company’s strategy and contributed to its stock’s performance. MicroStrategy’s strategic investment in Bitcoin has yielded remarkable results. The company now boasts a profit of $7.7 billion on its Bitcoin holdings, which translates to a remarkable return of 112% so far as Bitcoin breaks new all-time highs. ETF Expert Astounded By Bitcoin ETF Success The rapid rise of Bitcoin Exchange-Traded Funds (ETFs) has surpassed even the most optimistic projections. Bloomberg ETF expert Eric Balchunas highlighted the growth of these funds in a recent post on social media site X (formerly Twitter). The expert noted that assets under management (AUM) surpassed $55 billion, and trading volume reached an impressive $110 billion.  Balchunas acknowledged that achieving such numbers in just two months was nothing short of absurd, far exceeding what would normally be considered successful even at the end of a full year. Related Reading: Crypto Analyst Unveils 7 Memecoins To Turn $1,000 Into $1 Million In addition, in a surprising turn of events for the ETF expert, Blackrock’s IBIT ETF and Fidelity’s FBTC have emerged as the leaders among all ETFs in terms of year-to-date (YTD) flows through the middle of March. This unexpected feat positions these Bitcoin ETF offerings as major players in the ETF market, attracting the attention and interest of investors seeking exposure to the digital asset. Currently, BTC continues its uptrend, aiming to solidify and consolidate above the $70,000 threshold, which would put the cryptocurrency in a good position to reach the $100,000 mark in the rest of the year.  Featured image from Shutterstock, chart from TradingView.com

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

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U.S. Mining Company Marathon Now Holds 8,133 BTC. And They’re Not Selling It

In their December report, Marathon Digital Holdings announced their total BTC holdings. And assured their investors that they were not selling any of it any time soon. This is particularly interesting considering the company bought “a record number” of S19s in December. Reportedly, they got a giant loan using Bitcoin as collateral. An operation we’ll see a lot more in the near future throughout the industry.  The report quotes Fred Thiel, Marathon’s CEO, in a celebratory mode. “2021 was a transformative year for Marathon as we increased our hash rate 1,790% and increased our bitcoin production 846% year-over-year to 3,197 self-mined BTC.” Staggering numbers that show the size of the Bitcoin mining business. Marathon announced an record investment of nearly $1B in new equipment just before Xmas… BUT THEIR STILL HODLING ALL THEIR #BTC!https://t.co/PRlaHMNR7j — What Bitcoin Did (@WhatBitcoinDid) January 4, 2022 As for their holding plans, the report says: “The Company last sold bitcoin on October 21, 2020, and since then, has been accumulating or “hodling” all bitcoin generated. As a result, Marathon currently holds approximately 8,133 BTC, including the 4,813 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC.” Of course, they’re not alone. NewsBTC documented the trend throughout the whole year.  Most Miners Are Holding Strong One of the first persons to spot the trend was Lex Moskovski. In February, the analyst reported on “the first day since Dec, 27 when Miners Position change turned positive.”  Miners have stopped selling and started accumulating #Bitcoin Yesterday was the first day since Dec, 27 when Miners Position change turned positive. Miners were selling their bitcoins for two months. Bullish. pic.twitter.com/S89iBcz4k3 — Lex Moskovski ?? (@mskvsk) February 27, 2021 Approximately four months ago, NewsBTC used data to find a possible explanation: “Data shows that miner profitability has dropped in comparison to the last time that bitcoin was at this price. The profitability for bitcoin back in April at $50K had been 40% higher than it is right now when bitcoin hit $50K again. This means that miner profitability is hitting the lows at all-time highs. This drop in profitability has seen miners refusing to sell the BTC they are rewarded with for mining blocks. Instead choosing to hold these coins in wait for much higher prices.” Miner profitability might be decreasing, but, the business is still a long way from turning red. Especially for a giant operation like Marathon. In a recent interview that NewsBTC reported on, Fred Thiel said: “Thiel expressed that, factoring operational mining costs (energy plus hosting), Bitcoin’s breakeven rate is roughly $6,500, meaning that the digital coin would need to drop at least 80% for Marathon to face challenging difficulties.” Less than three months ago, NewsBTC reported on another set of data that showed the same phenomenon: “BTC miner reserves continue to trend sideways amid the coin’s strong move up. The “miner reserve” is a indicator that shows the total amount of Bitcoin that miners are currently holding in their wallets. An increase in the metric’s value suggests miners think the coin’s value will go up in the near future, hence they are stocking up on it.” BTC price chart for 01/05/2021 on FX | Source: BTC/USD on TradingView.com The Marathon Mining Company’s Future The company’s recent billion-dollar investment is a play for the future. Especially considering just when those machines will arrive. “On December 23, 2021, Marathon announced that it had entered into a contract with BITMAIN to purchase a record number of ANTMINER S19 XP (140 TH/s) bitcoin miners, all of which are currently expected to ship from BITMAIN between July 2022 and December 2022.” The chip shortage is real, people. If an order this size can only be fulfilled in six to twelve months, something’s up. Also, by the looks of it, the ASIC manufacturing business might be even more profitable than Bitcoin mining. That’s a topic for another day, however. Featured Image by Martinš Zemlickis on Unsplash - Charts by TradingView

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Public companies seek exposure to crypto as BTC holdings surge in 2021

The year 2021 was good for the cryptocurrency market. A series of events saw cryptocurrencies, especially Bitcoin, adopted by institutional players. The amount of BTC [...] [...]

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By The Numbers: Here’s How Much Bitcoin Michael Saylor Holds

Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion. Related Reading | December Turns Red For Bitcoin As Market-Wide Sell-Offs Continue How Much Is Saylor’s BTC Worth? Michael Saylor told The Information that he does not believe that anyone should sell any of their bitcoin and that he has actually never sold any of his bitcoin. In his 2020 reveal, he said that he held a total of $17,732 BTC, all of which he had purchased before his company MicroStrategy, had purchased its first bitcoin. At an average trading price of $13,900, Saylor’s holdings were worth a little over $246 million. “Some have asked how much #BTC I own. I personally #hodl 17,732 BTC which I bought at $9,882 each on average. I informed MicroStrategy of these holdings before the company decided to buy #bitcoin for itself.” Bitcoin is now trading significantly higher than it was when Saylor had made his big reveal, growing as high as $69k at his peak. Presently, the price of BTC is revolving around $48,000. At this present value, the CEO’s bitcoin holdings are now worth over $850 million. BTC begins recovery trend | Source: BTCUSD on TradingView.com He intends to continue holding these coins as he believes that bitcoin is headed for $6 million apiece. This means that the CEO still expects the cryptocurrency to grow another 12,000% from its current value. How Much Bitcoin Does MicroStrategy Own? MicroStrategy boasts the largest bitcoin holdings of any public company. The company had begun accumulating bitcoin in 2019 and has since garnered 122,478 as of its last purchase, bringing the total value of its holdings to over $6.1 billion. All of its BTC were purchased at an average price of $29,861, putting the company firmly in profit at the current value of the asset. Related Reading | Crypto Research Analyst Puts Ethereum At $9,000 In Six Months However, its CEO had begun purchasing bitcoin before the company. Saylor revealed that he had all of his BTC before MicroStrategy had bought its first bitcoin, adding that his personal holdings were shown to convince the company to begin investing in the digital asset. The company, like its CEO, has no plans to sell is BTC. Instead, it has begun looking towards new ways to generate yield from the investment, which Saylor revealed at an investor day presentation held last week. Featured image from Business Insider, chart from TradingView.com

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Tesla Records $51 Million Impairment Loss on its Bitcoin Holdings in Q3

Tesla has announced that it experienced an impairment loss of $51 million on its Bitcoin investments in Q3. The company’s investment in Bitcoin fell, driven by relative instability in the crypto’s price experienced during that period. (Read More)

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El Salvador Wont Sell Its Bitcoin President Bukele Says at the end 1 BTC = 1 BTC

El Salvador president, Nayib Bukele, has affirmed that his country will not sell its bitcoin, emphasizing that “At the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now).” Bukele further shared: “Now that bitcoin’s market price is way up, if we were to sell, we [...]

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MicroStrategys Bitcoin Holdings Balloons Above $10 Billion, Heres How Much Profit It Has Made

MicroStrategy recently revealed that they had acquired an additional 3,000 BTC this month, bringing its Bitcoin holdings to 193,000 BTC. Interestingly, BTC’s recent price surge caused these holdings to cross the $10 billion mark, with the software company currently sitting on a tremendous amount of unrealized profits.  MicroStrategys Unrealized Profit Reaches $5 Billion As disclosed in the companys filing with the Securities and Exchange Commission (SEC), its BTC holdings have now been purchased for an average price of $31,544. That means that MicroStrategys Bitcoin investment is now at an unrealized profit of almost $5 billion, considering Bitcoin is trading just above $57,000.  Related Reading: Cardano Adoption Explodes: ADA Price Ready To Reclaim $3.1 All-Time High? MicroStrategys Bitcoin strategy, spearheaded by its co-founder Michael Saylor, began as far back as 2020 when the company started investing in the flagship crypto token. Saylor saw this as a way to hedge against inflation and diversify the companys cash reserves. Since then, Saylor and his company have continued to accumulate Bitcoin aggressively.  Saylors faith in Bitcoin was tested when the companys investment was at an unrealized loss during the height of the crypto winter when BTC traded below the $30,000 price level. Despite that, Saylor and MicroStrategy stayed true to their Bitcoin Strategy. Instead of selling, they saw it as an opportunity to accumulate more BTC. Saylor also recently made it clear that he and his company have no intention of liquidating their BTC holdings anytime soon, stating that Bitcoin is the exit strategy. This sentiment undoubtedly provides a bullish narrative for the flagship crypto, especially considering what could happen to the market if the company offloads its Bitcoin.  MicroStrategy is currently the largest corporate holder of BTC and is leading the charge as institutional demand for BTC continues to increase. This demand has mainly come from the Spot Bitcoin ETFs, which together hold more BTC than MicroStrategy combined.  Spot Bitcoin ETFs Trading Volume Surpass $2 Billion Again Bloomberg analyst Eric Balchunas revealed that the newly listed Bitcoin ETFs once again surpassed the $2 billion mark on February 27. This was the second consecutive day they achieved this, having recorded an all-time high of $2.4 billion in trading volume on February 26. Specifically, the worlds largest asset manager, BlackRock, seems to be having a run of its own.  Related Reading: Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Heres When Balchunas noted that BlackRock had broken its record again, with the iShares Bitcoin ETF (IBIT) recording a trading volume of $1.3 billion on February 27. The impressive demand for these funds is believed to be another reason why BTC’s price has continued to rally.  At the time of writing, Bitcoin is trading at around $57,100, up in the last 24 hours, according to data from CoinMarketCap.   BTC adds over $2,000 in six hours | Source: BTCUSD on Tradingview.com Featured image from Milk Road, chart from Tradingview.com

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