Real Bedford FC boosts Bitcoin stash with $4.5M acquisition

Real Bedford FC expands its Bitcoin holdings with a strategic purchase of 66.9 BTC at an average price of approximately $67,220 per coin, reinforcing its commitment to crypto.

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10:1 odds against US Bitcoin strategic reserve by 2028: BlockTower Capital

BlockTower Capital CIO Ari Paul is prepared to lay 10:1 against the possibility of the US creating a Bitcoin strategic reserve in the next four years.

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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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Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare

Two of the largest corporate Bitcoin holders, Strategy (formerly MicroStrategy) and Japan-based Metaplanet, have significantly expanded their crypto treasuries this week. According to separate May 19 announcements, both firms collectively acquired 8,394 BTC, spending nearly $870 million. This follows their buying spree the previous week, when the companies added almost 15,000 BTC. As a result, […]

The post Strategy and Metaplanet add over 23k BTC in 2 weeks while Strategy faces potential lawfare appeared first on CryptoSlate.

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Japanese listed firm adds Bitcoin as reserve asset with 117 BTC

Since announcing its Bitcoin strategy in April, Metaplanet has accumulated around 117.7 BTC valued at $7.2 million.

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Whats A Simple Strategy For Buying & Selling Bitcoin? This Analyst Answers

An analyst has revealed a simple strategy for buying and selling Bitcoin using the historical pattern followed by two BTC on-chain indicators. These Bitcoin On-Chain Indicators Have Followed A Specific Pattern Historically In a post on X, CryptoQuant author Axel Adler Jr. discussed a simple strategy for timing buying and selling moves for Bitcoin. The [...]

The post Whats A Simple Strategy For Buying & Selling Bitcoin? This Analyst Answers appeared first on Crypto Breaking News.

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Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF

On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a spot bitcoin ETF. SEC Flooded With Spot Bitcoin ETF Applications as Valkyrie Funds Steps Into the Ring

The post Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF  appeared first on BTC Ethereum Crypto Currency Blog.

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Saylor gives up CEO role to focus on MicroStrategy’s Bitcoin strategy

MicroStrategy Inc (NASDAQ: MSTR) co-founder Michael Saylor is set to step down as the company’s Chief Executive Officer, taking up the role of Executive Chairman beginning 8 August 2022.

Saylor, a prominent Bitcoin (BTC) bull, said in a statement that the move will allow the company to focus on its software and business intelligence business. 

But more importantly to him, stepping down from the CEO post also allows them to focus on the company’s Bitcoin strategy.

Apart from taking on the role of an Executive Chairman, Saylor will remain Chairman of the Board of Directors and also head MicroStrategy’s Investments Committee. It is in this latter role that he will offer investment oversight for the firm’s Bitcoin strategy, Saylor noted in the Q2 earnings results call on Tuesday.

“My focus will be on our corporate strategy, our innovation efforts, our Bitcoin strategy and related Bitcoin advocacy and education initiatives, such as my work with the Bitcoin Mining Council. I will continue to act as an enthusiastic spokesperson for MicroStrategy and as our envoy to the Global Bitcoin community.”

In a press release, MicroStrategy said Saylor’s replacement as CEO will be Phong Le, the company’s President and former Chief Financial Officer (CFO) and Chief Operating Officer (COO). The firm added that Le has been with MicroStrategy since 2015 and his new role as CEO will see him take charge of corporate strategies, as well as manage the company’s business operations.  

MicroStrategy first bought Bitcoin in August 2020, and is currently the largest corporate holder of BTC on its balance sheet with 129,699 bitcoins.

In its Q2 earnings report, the company said the “carrying value” of the total BTC holdings by 30 June 2022 was $1.988 billion, reflecting “cumulative impairment losses of $1.989 billion.” The figures relate to the total acquisition vis-à-vis the average carrying amount of roughly $15,326 per BTC.

MicroStrategy’s Bitcoin acquisition since 2020 had seen the firm spend $4 billion, with the average purchase price of 30,664 per BTC (including fees and expenses).

Even though Bitcoin’s decline over the past several months has critics and skeptics out, Saylor remains bullish and has pointed out that the flagship cryptocurrency has outperformed other assets in the time since his first bitcoin purchase.

Since @MicroStrategy adopted a #Bitcoin Strategy, its enterprise value is up +730% (+$5 billion) and $MSTR is up +123%. Performance of BTC is +94%, S&P 500 +23%, Nasdaq +13%, Gold -13%, Bonds -14%, Silver -29%. GOOG +54%, AAPL +43%, MSFT +34%, AMZN -14%, META -39%, NFLX -53%. pic.twitter.com/BWHPhbOg0d

The post Saylor gives up CEO role to focus on MicroStrategy’s Bitcoin strategy appeared first on Invezz.

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Bitcoin Is The Modern Monetary Defense Protocol

Bitcoin is a contender to replace inferior monetary defensive protocols in order to maximize the protection of individual rights.

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A National Bitcoin Strategy Featuring Matthew Pines

Matthew Pines joins the podcast to discuss his paper which outlines how bitcoin acquisition is a strategic opportunity for the United States.

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The Guatemalan Government Is Taking A Closer Look At Bitcoin All Because Of A Meme

A Nayib Bukele Bitcoin meme posted by El Salvadors Bitcoin Office went viral in Guatemala last month, and, from what Im told, its prompted the powers that be in the country to begin doing their homework on Bitcoin so to craft better policy around the asset.

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Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy

Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock Outperforms Bitcoin, S&P500, Nasdaq, Gold, Silver The stock of business intelligence [...]

The post Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy appeared first on Crypto Breaking News.

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The US Should Establish A Strategic Bitcoin Reserve

We can send a message to the world by doing so.

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Dear President Trump: Bitcoin Reserve, Not Shitcoin Reserve

The U.S. government shouldnt stockpile anything but bitcoin.

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MicroStrategy’s Michael Saylor Says Spot ETF Approvals Have No Bearing On Bitcoin Strategy

MicroStrategy co-founder and former CEO Michael Saylor has stated that potential Spot Bitcoin ETF approvals will not influence the company’s “Bitcoin Strategy.” MicroStrategy Has A Unique Bitcoin Offering During a discussion with Bloomberg on August 2, Saylor stated that even if the SEC approves the spot Bitcoin ETF applications, it would not affect his company’s offerings. According to him, MicroStrategy’s Bitcoin offering offers a unique proposition that the spot Bitcoin ETFs cannot emulate.  Related Reading: BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says Saylor echoed similar sentiments during the earnings call on August 1 when he stated that MicroStrategy’s unique “Bitcoin operating strategy” will make it stand out even when spot Bitcoin ETFs arrive.  The ex-CEO explained that, “We can tap into leverage because we’re an operating company, which an ETF couldn’t do so we view it as being beneficial to the entire ecosystem.” However, he believes these spot ETFs are good for the crypto industry as they will welcome institutional investors who boast more than enough liquidity into the space. Differentiating his company’s offering from spot ETFs, he stated: We are a unique instrument, we are the sportscar whereas the spot ETF is going to be the supertanker. Spot ETFs will serve another set of customers in a synergistic fashion to grow the entire asset class. MicroStrategy had filed an application to the SEC to sell up to $750 million in Class A common stock. Saylor also confirmed that his company would use the potential proceeds of this stock sale to “acquire Bitcoin.”  BTC price remains volatile amid Spot ETF expectations | Source: BTCUSD on Tradingview.com  MicroStrategy’s Chief Financial Officer, Andrew Kang, had also confirmed that the proceeds from the proposed sale will be used for “the purchase of Bitcoin as well as the repurchase or repayment of outstanding debt.” Saylor’s Faith In Bitcoin Paying Off Saylor’s MicroStrategy, which happens to be one of the largest holders of Bitcoin, started buying the cryptocurrency in 2020 as a hedge against inflation. The company’s purchases largely resulted from Saylor’s faith in the token as he continued to advocate for it despite the recent market conditions in the crypto market. Saylor stepped down as the CEO a year ago just to focus on the company’s Bitcoin purchasing strategy. This strategy seems to be paying off as it provides an edge for the company over its competitors, with the MSTR stocks rising tremendously since MicroStrategy’s adoption of Bitcoin.  Related Reading: Ethereum ETFs Heat Up As Filings With SEC Climbs To Six As revealed by Saylor in a tweet, MicroStrategy’s stocks have risen by 254% since 2020 when it started buying Bitcoin, with this performance putting the company above some key assets and big tech stocks in terms of performance.  Saylor is not relenting as he confirmed that the goal is to “accumulate as much Bitcoin as we can” when quizzed about how much more Bitcoin the company intends to add to their existing holdings of 152,800 BTC. Featured image from Medium, chart from Tradingview.com

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