Strategy CEO Phong Le says the market still misunderstands and undervalues its Bitcoin play, as it posted $10 billion profit in the second quarter and plans to raise $4.2 billion to buy more.
Bitcoin’s range expansion chose the downside, but data suggest the larger breakout is still brewing.
Bitwise is the first to act on the SEC’s rule change, though analysts say it’s a backend fix, not a retail breakthrough.
A fresh wave of profit-taking from newly emerged Bitcoin whales has marked the third major distribution event of this bull run, according to CryptoQuant.
BTC price weakness outpaces stocks on fresh US trade tariffs, and Bitcoin traders are split over the impact of the CME gap fill near $114,000.
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves.
Bitcoin tumbled to a three-week low near $114,000 as Trump’s tariff executive order triggered a stock and crypto sell-off.
Old Bitcoin being sold to new institutions is a sign of its “integration with the financial system,» Ryan McMillin, chief investment officer at Merkle Tree Capital told Cointelegraph.
The new vault seeks to put inactive Bitcoin holdings to work using a mix of yield strategies across decentralized, centralized and traditional finance.
White House digital assets chief Bo Hines confirmed strategic Bitcoin reserve plans remain active despite omission from a recent policy report.