Bitcoin News

The post Texas Puts $10M Into Bitcoin as BTC Fights to Hold $78K Support appeared on BitcoinEthereumNews.com. Texas is building a state Bitcoin reserve just as BTC holds a key 78,000 to 79,000 dollar support zone on the weekly chart. Meanwhile, this mix of state buying and a clearly defined “invalidation” level gives traders and policymakers a shared line in the sand for Bitcoin’s next move. Texas Invests $5M in BlackRock Bitcoin ETF, Lines Up $5M in Self-Custodied BTC Texas has taken its first formal step toward a state Bitcoin reserve, purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) on Nov. 20 as it prepares to hold Bitcoin directly on its balance sheet. The transaction, revealed this week by Texas Blockchain Council president Lee Bratcher, used part of a $10 million allocation from the state’s general revenue for Bitcoin. Bratcher said the initial $5 million was placed into IBIT as a temporary vehicle while Texas finalizes its process to “self-custody Bitcoin,” with another $5 million earmarked for a direct Bitcoin purchase once a custody framework and vendor contracts are in place. Texas Bitcoin Purchase Symbolic. Source: Lee Bratcher via X Earlier this year, lawmakers and Governor Greg Abbott created the Texas Strategic Bitcoin Reserve under Senate Bill 21, authorizing the state to hold Bitcoin as a long-term reserve asset. The law set aside $10 million for cryptocurrency investments and requires any asset in the reserve to have maintained at least a $500 billion market capitalization over 24 months, a threshold Bitcoin meets but IBIT does not, underscoring the plan to move from ETF exposure to self-custodied coins. Texas’ move comes as several U.S. states explore or experiment with crypto exposure. Wisconsin’s state investment board previously disclosed a sizable position in BlackRock’s Bitcoin ETF through pension funds, but Texas is positioning this allocation as the opening step of a dedicated, state-managed Bitcoin reserve rather than a…

The post Metaplanet’s $130 mln loan to raise Bitcoin raises eyebrows – This is why appeared on BitcoinEthereumNews.com. Key Takeaways How much has Metaplanet borrowed so far? The company has now borrowed $230 million out of its $500 million credit facility. What backs these loans? All loans are secured by Metaplanet’s Bitcoin holdings, which currently stand at 30,823 BTC, worth about $2.7 billion. At a time when Bitcoin is battling one of its toughest market phases, institutional conviction isn’t fading; instead, it’s quietly getting stronger. Tokyo-listed DAT firm Metaplanet has doubled down on its long-term strategy, securing another $130 million loan backed by its Bitcoin holdings. The move, executed on the 21st of November under a $500 million credit facility, signals the company’s ongoing commitment to expanding its Bitcoin-anchored income stream. This shows that even in a shaky market, Metaplanet is aggressively building its Bitcoin [BTC] position. Metaplanet’s bold Bitcoin bet That said, the newly disclosed $130 million loan operates on a floating rate linked to U.S. dollar benchmarks and renews automatically on a daily cycle, giving Metaplanet flexibility in managing its debt. As per the plan, the firm can repay the amount whenever it chooses, and every draw under the credit facility is secured by the company’s growing Bitcoin reserve. Metaplanet noted that sharp price drops could require it to post additional Bitcoin as collateral, but the company believes its current holdings offer a strong buffer. Metaplanet’s Bitcoin analytics With 30,823 BTC, worth roughly $2.7 billion at today’s prices, the firm said it maintains ample collateral coverage and expects to preserve “sufficient collateral headroom” even during periods of heavy volatility. Its internal financial policy also caps borrowing at levels where these buffers remain intact, ensuring the company does not overstretch its leverage. With the latest loan draw, Metaplanet has now tapped $230 million out of its $500 million credit facility. Data from its analytics dashboard highlights the…

The post Bitget Releases November 2025 Proof of Reserves (PoR) with 324% Coverage in Bitcoin (BTC) for Users’ Reserves appeared on BitcoinEthereumNews.com. Victoria, Seychelles, November 26, 2025 — Bitget, the world’s largest Universal Exchange (UEX) and Web3 company, has released its November 2025 Proof of Reserves (PoR) report as part of its monthly transparency and user protection commitment. Bitget continues to secure core assets and provide an auditable view of user balances through a Merkle-tree verification system. The snapshot covers BTC, ETH, USDT, and USDC, with updated user balances and reserve ratios published on the PoR transparency page, alongside wallet attestations and a self-check tool enabling account holders to verify inclusion using anonymized identifiers.  The November ledger shows user assets at approximately 9,936 BTC, 128,842 ETH, 1,661,685,866 USDT, and 122,140,147 USDC. Corresponding reserve ratios stand at 324% for BTC, 106% for USDT, 218% for ETH, and 132% for USDC—each exceeding the 1:1 threshold and marked as fully sufficient.  Compared with October, user asset balances shifted in line with broader market repositioning:  BTC, USDT, ETH user balances slightly declined 3-6% month-on-month, while BTC reserve coverage increased significantly from 307% to 324%, and other coverage still remains on par with industry standard, reinforcing Bitget’s strong over-collateralization.  USDC user balances increased 13%, showing renewed demand for regulated stablecoins; Bitget expanded holdings accordingly, maintaining a 132% reserve ratio.  Bitget’s PoR framework uses a Merkle tree to aggregate anonymized balances and map them to publicly verifiable on-chain holdings. This allows independent validation of solvency without revealing personal information. The attestation package includes asset-level coverage ratios, reserve wallet addresses, and a verification script for cross-checking inclusion in the Merkle tree. The process is designed to remain observable, repeatable, and independently verifiable, enabling community scrutiny beyond a periodic third-party report.  These transparency measures are supported by Bitget’s continuously updated PoR portal and a separately maintained protection mechanism, which offer users and counterparties clear evidence of reserve backing, custody segregation,…

The post JPMorgan Files New Bitcoin Note Offering 1.5x Gains Through BlackRock’s IBIT appeared first on Coinpedia Fintech News JPMorgan has taken a surprising leap back into Bitcoin – this time with a leveraged structured note tied directly to BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest BTC ETF. The filing, made this week with U.S. regulators, arrives just days after the bank criticized MicroStrategy, faced boycott calls over alleged crypto debanking, and pushed …

The post How Strategy Maintains Impressive Bitcoin Financial Health Even At $25K BTC Price appeared on BitcoinEthereumNews.com. Could your Bitcoin investments withstand a major market downturn? Strategy (MSTR) confidently asserts their Bitcoin financial health remains robust even if BTC plunges to $25,000. This bold claim comes at a crucial time for cryptocurrency investors seeking stability in volatile markets. How Strong Is Strategy’s Bitcoin Financial Health? Strategy’s impressive Bitcoin financial health stems from their carefully calculated risk management approach. The company currently maintains a 3.6x ratio between their Bitcoin holdings’ value and their outstanding debt. This means for every dollar of debt, they hold $3.60 worth of Bitcoin. Even if Bitcoin’s price drops significantly to $25,000, this ratio would still exceed 2.0x, demonstrating remarkable financial resilience. Their current portfolio includes approximately 649,870 BTC against roughly $16 billion in debt. This substantial buffer provides crucial protection against market volatility. Moreover, their strategic approach to Bitcoin financial health considers various market scenarios, ensuring they remain solvent through different economic conditions. What Makes Their Risk Management So Effective? Strategy’s approach to maintaining Bitcoin financial health involves several key elements: Substantial safety margins built into their financial calculations Conservative debt management relative to asset values Long-term perspective on Bitcoin’s value proposition Regular stress testing of their financial models This comprehensive strategy ensures their Bitcoin financial health remains intact even during significant market corrections. Their transparency about these calculations provides valuable insights for other institutional investors considering similar approaches to cryptocurrency exposure. Why Does This Matter for Crypto Investors? The company’s confidence in their Bitcoin financial health comes amid recent challenges. Strategy recently failed to gain inclusion in the S&P 500 index, and concerns have emerged about potential removal from other major indices like MSCI. However, their strong Bitcoin financial health position suggests they can navigate these institutional hurdles without compromising their core strategy. For individual investors, this demonstrates the importance of maintaining…

Bitcoin has arguably found a bottom at $80,000. However, after a $46,000 plummet from the all-time high, cementing that bottom might be difficult. Bitcoin traders need to move with caution - sharp falls as well as spikes to the upside may be in the cards.

BTC held at $87,541.80, with a recent hike above $88,000. Trading data is showing that the dip to $80,000 may not yet count as a local bottom.  The recent crash of BTC to $80,000 and subsequent recovery to $88,000 renewed the discussion on the exact market bottom. Trader behaviors and their current position suggest the market remains fearful, and may take a while to recover. For now, there is no consensus that the bottom is in, and new drawdowns are still seen as highly probable.  BTC showed a mix of rapid price recoveries and still fearful sentiment, anticipating further price drops. | Source: CoinGecko. BTC still trades at ‘extreme fear’ based on the Fear and greed index, which fell to 15 points from a recent level of 19 points. The index shows the behavior of derivative traders, who are still reluctant to rebuild positions.  Is the BTC bottom already in the past?  Based on Santiment research, social media data reveals that the recovery to $88,000 led to expectations that the worst downturn is still in the past. However, Santiment warned that traders were prone to confirmation bias. The recent recovery in optimism on social media may be short-lived, as trader behaviors still show caution.  At the same time, Santiment noted a long-term slide in bullish messaging on social media, with fewer bullish calls for BTC since July 2025.  The worsening sentiment and market conditions suggest that in hindsight, BTC is already in a bear market, and may see worse dips to a lower range, amid short-term recoveries. On-chain data shows lowered activity, more holders with unrealized losses, and selling from larger wallets into retail wallets. Santiment noted whales usually drove rallies, and for now, the market is more subdued, with fewer notable whale transfers or trades. BTC open interest weakens further BTC open interest signaled an increasing caution from investors. Open interest stood at a six-month low, returning to levels not seen since April.  BTC open interest moved down to $29B, as traders rebuilt much smaller positions after the latest liquidations. Funding rates once again dipped to negative in the past week, signaling bearish expectations.  Santiment also noted that sustained negative messaging and bearish signals can also translate into a rapid shift in BTC direction. In the past, BTC has outperformed just as crowd sentiment was at its lowers, or crashed when retail traders expected a rally.  After the recent shift in positions, BTC liquidity set up a range between $85,000 and $88,000. Short positions increased their range, with liquidity available above $91,000. The current derivative market set up expectations for a recovery to the $90,000 range, though trading remains uncertain.  BTC volatility increased to 1.97%, the highest level for the past six months, following the recent unpredictable price shifts.  The recent price action is already suppressing the expectations of a year-end rally. BTC is also decreasing its potential for a risk-on asset, as attention shifted to Nasdaq and NVIDIA as the new promising risk-on assets. Sign up to Bybit and start trading with $30,050 in welcome gifts

Quick Facts: ➡️ Texas allocating $5M into a BlackRock Bitcoin ETF during a dip shows a growing state-level conviction in Bitcoin’s long-term upside. ➡️ Broader adoption of spot Bitcoin ETFs by institutions reinforces $BTC as macro collateral, even as on-chain scalability and programmability remain unresolved bottlenecks. ➡️ Bitcoin Hyper aims to address these with an […]

The post Will It Find a Bottom? appeared on BitcoinEthereumNews.com. OFFICIAL TRUMP is trading around the $6 mark. TRUMP is currently in a bearish-to-neutral zone. The crypto market is stuck in the red, without an escape. All the major asset prices witness downward moves with a clear bearish trend, with the broader market sentiment lingering in extreme fear. Bitcoin (BTC), the largest asset, has slipped to $87.2K and the largest altcoin, Ethereum (ETH), trades at $2.9K.  Meanwhile, OFFICIAL TRUMP (TRUMP) posted a modest drop of over 1.65%. Its daily high was noted at around $6.30, and the bears in the market took control, pushing the price down to fall to a low range of $6.14. If the bearish correction continues to gain traction, the price action would see more loss.  According to the CoinMarketCap data, the OFFICIAL TRUMP is trading at around the $6.20 zone at the time of writing. Besides, with the market cap settling at $1.26 billion, the daily trading volume of TRUMP has spiked by over 2%, reaching the $292.19 million mark.  Can the Official TRUMP Avoid Another Drop? OFFICIAL TRUMP’s technical analysis reports that the Moving Average Convergence Divergence and the signal lines are below the zero line, which shows its bearish phase. The momentum is weak, and unless the MACD starts curving upward, the downtrend may continue.  In addition, the Chaikin Money Flow (CMF) indicator of TRUMP at -0.03 hints at a slight selling pressure in the market. The capital is flowing out than in, but the bearish strength is not very strong. If the value drops further, a stronger distribution and seller dominance looms. The four-hour price chart of OFFICIAL TRUMP might trigger the price to slip toward the $6.14 level. The bears with the potential downside pressure could push for the emergence of the death cross, and gradually send it below $6.08. If…

The post Strategy Prepares for $75K or $25K BTC After S&P 500 Exclusion appeared on BitcoinEthereumNews.com. Key Notes Strategy says its 649,870 BTC still cover its $8.2B convertible debt by 5.9× at its $74K cost basis. Even at $25K BTC, the firm claims its debt remains covered 2x. MSCI’s upcoming January 2026 review may trigger up to $8.8B in forced selling for Bitcoin-heavy firms. Strategy calmed investors after another exclusion from the S&P 500 Index and said that its balance sheet remains solid even as Bitcoin BTC $86 972 24h volatility: 0.2% Market cap: $1.74 T Vol. 24h: $63.09 B crashed to $80,000 not long ago. In a post on X, the company said its Bitcoin reserves, 649,870 BTC worth roughly $56 billion at current prices, continue to far exceed its debt load, despite a difficult quarter for both the asset and the company’s stock. Strategy stated that even if Bitcoin drops to its average cost basis of $74,000, its BTC holdings would still cover its convertible debt by 5.9 times—a ratio the company refers to as its “BTC Rating.” Strategy also noted that at a BTC price of $25,000, the coverage would remain… — Wu Blockchain (@WuBlockchain) November 26, 2025   All is Good, Strategy Claims At a Bitcoin price of $74,000, which is close to Strategy’s average cost basis, the company calculates that its holdings would still cover its $8.214 billion in convertible notes by 5.9 times. Strategy calls this metric the “BTC Rating” which remains one of the firm’s main tools for communicating solvency to the market. Even at $25,000 per Bitcoin, Strategy says the coverage would stand at 2 times, uncomfortable, but well above the point at which repayment risk typically escalates. The company’s full capital stack, including preferred stock series STRF, STRC, STRE, STRK, and STRD, brings total obligations to about $15.993 billion. Data from the firm’s dashboard shows long-dated notes…