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How Michael Saylor’s Bitcoin Obsession Started (and Changed Everything)

How Michael Saylor’s Bitcoin Obsession Started (and Changed Everything)

The post How Michael Saylor’s Bitcoin Obsession Started (and Changed Everything) appeared on BitcoinEthereumNews.com. Key takeaways: Michael Saylor transformed MicroStrategy from a business intelligence firm into the world’s largest corporate Bitcoin holder. Saylor’s conviction redefined corporate strategy, turning volatility into opportunity through long-term, dollar-cost averaging purchases. His approach set the standard for institutional Bitcoin adoption despite concerns over dilution and debt. Saylor’s playbook highlights research, perseverance, risk control and long-term thinking in Bitcoin investing. Saylor’s Bitcoin awakening In August 2020, Michael Saylor transformed from a technology executive into a symbol of corporate crypto adoption. Saylor, long known as the co-founder and head of enterprise-software firm Strategy (previously MicroStrategy), made his first bold move into cryptocurrencies by allocating $250 million of the company’s cash to purchase Bitcoin (BTC).  He cited a weakening dollar and long-term inflation risks as the underlying reasons behind this strategic move. Incidentally, it marked the largest acquisition of Bitcoin by a publicly traded company at that time and set a new precedent. Within months, Strategy expanded its holdings: $175 million more in September, $50 million in December and a $650-million convertible-note issuance, bringing Bitcoin holdings over $1 billion.  He recognized Bitcoin as “capital preservation,” comparing it to “Manhattan in cyberspace,” a scarce, indestructible asset. The move drew both praise and criticism. Skeptics called it reckless, while supporters saw it as a bold innovation at a time when few dared to put Bitcoin on a company’s balance sheet. For Saylor, though, it wasn’t a gamble. It was a calculated hedge against monetary uncertainty and a signal that digital assets would reshape capital strategy. Did you know? In 2013, Saylor tweeted that Bitcoin’s days were numbered, predicting it would “go the way of online gambling.” That post resurfaced in 2020, right as he pivoted Strategy into the biggest Bitcoin holder among public companies. He has since referred to it as the “most costly…
Africa’s First Bitcoin Treasury Company Eyes Unique Opportunity

Africa’s First Bitcoin Treasury Company Eyes Unique Opportunity

The post Africa’s First Bitcoin Treasury Company Eyes Unique Opportunity appeared on BitcoinEthereumNews.com. Bitcoin treasury companies are in vogue, and Africa has its first trading on the Johannesburg Stock Exchange. While the launch of Africa Bitcoin Corporation promises to attract billions of South African rand from capital markets, its founders believe Bitcoin’s impact on the continent remains in grassroots, retail adoption. South Africa’s Altvest Capital grabbed headlines as it rebranded to Africa Bitcoin Corporation (ABC), the first publicly-listed company actively building a Bitcoin (BTC)-based treasury on the continent. Africa Bitcoin Corporation has a lofty goal to raise $210 million to purchase BTC for its treasury. Source: ABC The company has a long-term goal to raise $210 million to buy Bitcoin using preferential share offerings and structured debt notes in the mould of the UK’s Smarter Web Company. Altvest announced its pivot into Bitcoin in February. Speaking exclusively on Cointelegraph’s Chain Reaction live X broadcast, ABC’s chairman Stafford Masie and CEO Warren Wheatley unpacked the details behind the inception of the company. “In Africa, when financial services don’t work, people die. We live that reality. So when we approach Bitcoin, we approach Bitcoin from a real human necessity, life-saving perspective.”@staffordmasie outlined why Bitcoin is so powerful for countries grappling with… pic.twitter.com/E24Pek9DnU — Gareth Jenkinson (@gazza_jenks) September 10, 2025 The listed financial service business historically focused on helping entrepreneurs and small businesses access capital through the JSE using listed instruments. Wheatley said they aimed to tackle the “dysfunction” that exists in global capital markets, where smaller players don’t have the same ability to attract investment or access capital markets. Related: Metaplanet, Smarter Web add almost $100M in Bitcoin to treasuries How does Bitcoin fit into that picture? Wheatley said it’s a “natural evolution,” describing Bitcoin as the “ultimate alternative asset” that would galvanize the company’s balance sheet.  Masie added that holding Bitcoin would allow ABC to continue…
U.S. runs $345B August deficit, net interest surges, Gold near records, BTC tops $115K

U.S. runs $345B August deficit, net interest surges, Gold near records, BTC tops $115K

The post U.S. runs $345B August deficit, net interest surges, Gold near records, BTC tops $115K appeared on BitcoinEthereumNews.com. The US government posted a $345 billion deficit in August, with receipts of $344 billion overshadowed by $689 billion in spending. The largest outlays were Medicare at $141 billion and Social Security at $134 billion, but what stands out is net interest at $93 billion, now the third-largest expense. This highlights the growing pressure that rising borrowing costs are placing on federal finances. The Federal Reserve is expected to cut rates by 25 basis points in September, but history suggests it wont be that straight forward. In September 2024, the Fed eased policy by 100bps only to see yields on the long end move sharply higher. The 30 year Treasury jumped from 3.9% to 5%, and today sits at 4.7%. With recent data pointing to an acceleration in inflation, the risk is that cutting rates could fuel further price pressures. That would force yields higher, increase debt servicing costs and potentially deepen the fiscal hole, creating a challenging backdrop for policymakers and markets alike. Markets are responding decisively. Gold has surged to new record highs, just below $3,670 per ounce, marking a year-to-date gain of almost 40%. Bitcoin is also gaining traction, climbing above $115,000 as investors search for alternatives in an environment where debt sustainability is becoming a bigger concern. Source: https://www.coindesk.com/markets/2025/09/12/us-posts-usd345b-august-deficit-net-interest-at-3rd-largest-outlay-gold-and-btc-rise
BlackRock eyes tokenized crypto ETFs and stocks – Report

BlackRock eyes tokenized crypto ETFs and stocks – Report

The post BlackRock eyes tokenized crypto ETFs and stocks – Report  appeared on BitcoinEthereumNews.com. Journalist Posted: September 12, 2025 Key Takeaways BlackRock wants to expand beyond its BUIDL tokenized money market fund and bring crypto ETFs, stocks, and others on-chain. Is the financial market revolution here?  BlackRock is reportedly exploring expanding its tokenized product line to cover its popular crypto and other exchange-traded funds (ETFs).  According to a report by Bloomberg, the world’s largest asset manager is mulling going all in on the segment and bringing even stocks on-chain to be traded as digital tokens.  However, the plan would be subject to regulatory approval, per the report, citing people familiar with the matter.  BlackRock’s crypto bet In less than two years since launching its spot Bitcoin [BTC] and Ethereum [ETH] ETFs, BlackRock’s crypto holdings have surged to $100 billion.  Its first tokenized money market fund, BUIDL (BlackRock USD Institutional Liquidity Fund), was launched in March 2024. Now, the product has a market cap of  $2.2 billion, held by 90 firms and is spread across six chains. Early this year, BlackRock CEO Larry Fink said,  ‘Every asset can be tokenized…If that happens, investing will be revolutionized. Markets would never need to close. Settlements would be instantaneous.”  He added that it would be the most ‘disruptive innovation since ETFs.’ However, some critics still questioned the value of such a move. According to Bloomberg ETF analyst Eric Balchunas, the ‘on-chain’ group was still too small to warrant the hype.  “I don’t see the value add for the consumer to get them to switch. ETFs are always underestimated.” Source: X Interestingly, Nasdaq also asked for the SEC to allow it to list tokenized equities with equal rights as traditional shareholders.  That said, tokenized stocks will still be securities, according to SEC Commissioner Hester Peirce. Hence, they must still follow securities law. But the regulators are racing to offer…
Bitcoin Was a Firm ‘Buy’ For Sharks Last Week, New Data Shows

Bitcoin Was a Firm ‘Buy’ For Sharks Last Week, New Data Shows

The post Bitcoin Was a Firm ‘Buy’ For Sharks Last Week, New Data Shows appeared on BitcoinEthereumNews.com. Key points: Bitcoin “shark” wallets have started buying the dip, adding 65,000 BTC to their holdings in just seven days. Short-term holders also cross a milestone, with the profit ratio of coins moving onchain flipping positive. Long-term holders have yet to return to net accumulation. Bitcoin (BTC) “conviction-driven” holders have bought 65,000 BTC in just seven days as price bounces from two-month lows. New research from onchain analytics platform CryptoQuant released Thursday shows Bitcoin “sharks” buying the dip. Bitcoin’s big players rethink distribution Bitcoin wallets with a balance between 100 BTC and 1,000 BTC have wasted no time bagging coins at lower prices. CryptoQuant data shows that in a single week, these “sharks” added 65,000 BTC of net market exposure. “Bitcoin’s recent market action highlights a sharp divide between short-term traders and larger, conviction-driven buyers. Addresses holding 100–1,000 BTC—known as ‘sharks’—have added 65,000 BTC in just seven days, lifting their total to a record 3.65 million BTC,” contributor XWIN Research Japan wrote in one of its Quicktake blog posts. “This buying has emerged even as spot prices hovered near $112,000, suggesting a growing disconnect between retail-driven volatility and deeper structural demand.” Bitcoin UTXOs by value. Source: CryptoQuant XWIN referred to knee-jerk reactions to BTC price volatility from the Bitcoin speculative trader base, or short-term holders (STHs) — wallets hodling for six months or less. CryptoQuant data shows the spent output profit ratio (SOPR) of these investors only just beginning to flip positive on Friday, after a nearly month-long period in which STH coins were moving onchain at a loss. Bitcoin STH-SOPR. Source: CryptoQuant Predicting the next “strong leg up” for BTC XWIN observed declining exchange balances as proof of buyer demand at current prices. Related: Bitcoin price can hit $160K in October as MACD golden cross returns “Net outflows—BTC withdrawn…
Mid-Sized Bitcoin Holders Break Records With 65K BTC Weekly Accumulation

Mid-Sized Bitcoin Holders Break Records With 65K BTC Weekly Accumulation

According to data from blockchain analytics firm Glassnode, a group of mid-sized Bitcoin holders has stepped up buying this week, taking in roughly 65,000 BTC over the past seven days. Related Reading: Institutional Adoption Rises: 21X Brings Chainlink Into Europe’s Tokenized Securities Market At a spot price of $113,595, that haul equals about $7.35 billion. Reports have disclosed that these investors — wallets holding between 100 and 1,000 BTC — have pushed their monthly net accumulation to 93,000 BTC. Sharks Expand Their Holdings Those mid-sized holders a.k.a. “sharks” now control about 3.65 million BTC. That is roughly 18% of Bitcoin’s circulating supply, which is about 19.91 million coins. The shift is striking because it removes a meaningful chunk of coins from the pool of easily traded supply. Less available BTC can change how quickly prices move when demand rises. #Bitcoin entities holding 100–1k #BTC (“sharks”) have sharply ramped up accumulation. Over the past 7 days, their holdings grew by ~65k $BTC. The pace of accumulation has grown as well, with a 30D net increase of 93k $BTC. This group now holds a record 3.65M $BTC. pic.twitter.com/MRcIPcTB1T — glassnode (@glassnode) September 11, 2025 What This Means For Supply And Demand While these sharks are not the same as the very large institutional whales, their moves still affect market balance. Buying at this scale reduces liquid supply and can push prices up if fresh buying keeps coming. Some market participants see the pattern as a sign of growing confidence among this class of investors. At the same time, it can raise short-term volatility: when a concentrated group holds more coins, their future decisions to sell or hold will matter. Market Moves And Recent Price Action Bitcoin’s run this year has been strong. Based on market tracker numbers, BTC has climbed about 100% over the past year, is up 23% year-to-date, and has gained over 40% over the past six months. Price action has not been smooth, though. The market fell to about $107,000 on September first, then recovered to a little over $116,000 earlier today. At the time of writing, BTC was inching near $114,000. Forecasts And Investor Expectations Public forecasts have been bold. Strategy executive chairman Michael Saylor has suggested Bitcoin could top $150,000 by Christmas. Tom Lee of Fundstrat has forecast $200,000 by the same date. Related Reading: ETF Dreams For Dogecoin: Serious Possibility Or Just Hype? Risks And What To Watch For This aggressive accumulation comes with caveats. Markets can reverse quickly. Large inflows into or out of ETFs, miner sell pressure, or a shift in macro conditions could halt the rally. Also, heavy concentration in certain wallet groups can amplify moves if those groups change course. Investors should watch wallet flows, trading volumes, and major announcements that might tilt sentiment. In short, the recent buying by mid-sized holders is a clear, measurable trend. It tightens the pool of coins available to trade and has coincided with strong price gains this year. Featured image from Meta, chart from TradingView
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Author: NewsBTC2025/09/13 05:00
Top Firm Predicts No Surge For XRP Despite Anticipated October Spot ETF Approval

Top Firm Predicts No Surge For XRP Despite Anticipated October Spot ETF Approval

As the altcoin market experiences a resurgence, XRP has struggled to gain momentum, consolidating between $2.70 and $3 for the past two weeks.  Despite the excitement surrounding potential exchange-traded funds (ETFs) that could invest in the altcoin if approved, The Motley Fool has cautioned that the current market correction may persist longer than many anticipate. Warns Of Prolonged Downtrend In a recent analysis, the firm attributed some of XRP’s lackluster performance to a general malaise in the cryptocurrency market, where traders are waiting for Bitcoin (BTC), the market’s leading cryptocurrency, to lead a new price rally.  However, two critical factors suggest that XRP may face a more prolonged downtrend than previously expected. The anticipated launch of new spot crypto ETFs has been a focal point of discussion since the beginning of the year.  Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors Several asset managers have submitted applications to the Securities and Exchange Commission (SEC) to create spot XRP ETFs, with Bloomberg estimating a 95% approval chance and online prediction markets estimating 94%. While approval seems likely, the real question revolves around the demand for these ETFs. XRP, currently the world’s third-largest cryptocurrency, undoubtedly has some level of institutional interest, yet the actual inflows tell a different story.  Data indicates that only $1.25 billion flowed into XRP from institutional investors during the first eight months of 2025. JPMorgan Chase has projected that the upcoming ETFs could attract between $4 billion and $8 billion into XRP.  However, the firm asserts that even the lower end of this estimate might not significantly influence XRP’s price action over the long-term, given its current market capitalization of $180 billion. Recovery For XRP May Not Occur Until 2026 While there is considerable optimism among analysts regarding XRP’s future, with some price predictions suggesting it could reach new record prices of up to $4, $5, or even $10, the firms noted that these projections do not account for the risks of short-term price declines.  According to crypto betting platform, Polymarket, there is a 32% chance of XRP dropping to $2.50 this year, a 30% chance it could fall to $2.40, and a 27% chance of plummeting to $2.  Related Reading: BNB Price Surges to Fresh ATH – Can Bulls Push Toward $1K? These statistics indicate that XRP could continue to drift lower over the next few months before any meaningful recovery takes place, potentially not occurring until 2026. Ultimately, The Motley Fool analysis suggests that any upward movement for XRP is likely to depend on Bitcoin’s performance. If Bitcoin fails to reclaim its previous peak by the end of the year, it will be challenging for XRP to initiate its own rally.  As of this writing, the XRP price has recovered the $3.0675 mark, representing a 1.5% surge within the last 24 hours. This pales in comparison to Ethereum’s (ETH) 5% gains within the same time frame.  Featured image from DALL-E, chart from TradingView.com
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Author: NewsBTC2025/09/13 04:30