
Michale Saylor’s Strategy, formerly MicroStrategy just dropped a $2.5 billion bombshell - launching a massive preferred stock offering to fuel even more Bitcoin buys.
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JV
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Nipy
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JV
Happy TGIF welcome everyone to no. 1 Daily Bitcoin Pod. In today's show we'll be discussing the latest technical analysis as Bitcoin has taken quite the correction. We'll also be discussing breaking news from Max Kaiser. He reminds us that fiat money breeds war and that we can opt out with Bitcoin. That's right. Bitcoin is the official currency to escape the matrix. We'll also be discussing 35 companies now hold at least 1000 bitcoin as corporate adoption booms a booming. Whilst we're discussing Satoshi Era 9.7 billion Bitcoin OG moves another 1.1 billion to the exchanges. We'll also be discussing breaking news Logan Paul can't blame Crypto Zoo co founders for the collapse according to the judge. Also, Jack Dorsey Square announces Bitcoin payments as the parent company has block jumps 10% on the S P500 edition. Also breaking news. MicroStrategy drops 2 and a half billion dollar bombshell to buy more Bitco as the treasury wars have just escalated. We also be taking a look at the overall crypto market. All this plus so much more in today's show. If you're new to the Rumble, important to smash the likes and give us a follow. We're streaming live on Rumble as well as on the X account. BTC News alert. It's pinned at the top. Be sure to give it a repost and give it up for your new Fed chair dog Nipinator. I'm rocking the new cap to show my support. But Anyways, today is TGIF. It's July 25, 2025. Happy 4:20 in advance. It's 4:19pm to be precise and we do got lots to share. Today is pod episode number 2060. I'm your host JV sitting alongside Nipy. But yeah, pulling up coin 360 you can see the entire market. Bit of a correction here. Bitcoin down 2% on the day, trading at about116.7 at the time of the live stre, Ether down 2% trading above 3650. XRP took a big dip after Chris Larson dumped hundreds of millions worth of XRP and Cardano in the red. But the bulk of the market is in the red on the day. And checking out coinmarketcap.com the current crypto market cap comes in at 3.82 trillion. The all time high is just barely above 4 trillion which we just touched the other day. Tony Touch Classic. Also bitcoin market cap 2.322-220-23 billion worth the volume past 24 hours. Bitcoin dominance 60.8% with ether dominance at 11 and a half percent. Checking out top 100 crypto gainers past 24 hours. Athena up 9%. Conflux up 5%. And the bitcoin cash trash up 5%. Roger veers doing backflips, just hopefully not from a prison cell. But you never know. And let me know which alts, if any are bullish. On for the bull holla. And checking out the crypto bubbles, we get a visual perspective on the day and it's not looking so visually pleasing to me. Bulk of the market I'd say 8020 right over green. Zooming out on the weekly. Pretty even there. I'd say 50, 50 for the week and zooming out for the month. That's where the bulls are in control. 98% of the market. Pretty impressive gainers across the board. And checking out the crypto green and fear index, we're still at a 70 in greed. Yesterday 71. Last week at 73 and last month was 66 in green. And checking out the infamous time chain calendar. Warren block height 907, 153. We have 142847 blocks into the having a 2028. And as of today July 25, 2025 you can exchange one fiat monopoly dollar for 857 sats. So you know what to do. You pick up the stats, you put down the gats and you pick up some bitcoin chaps from my man Sergio over@bitcoin caps.net but next up is our live charts along with some ta. So let's start with the TA and then we'll mosey in to the charts headline here Bitcoin grabs 115,000 liquidity as well Bets on 200,000 bitcoin price by the year end. My question for that whale, why so bearish bro Bitcoin bro. Bitcoin took out the bid liquidity on Friday as an unknown trader made a significant bullish bet targeting the bitcoin price at 200,000. I think it's a given. I'd say like 80% probability we surpassed 200000 this year. But you guys got to let me know your thoughts. This is the four hour chart. One of my faves and I will be pulling up the live chart Even better here shortly. Trading mutual Bitcoin slicing through nearby resistance of around 115. The move spark massive long liquidations across the markets totaling 130 million at the past 24 hours. Coin glass show liquidity being replenished lower down on the exchange order books here. Looking at the binance liquidation heat map for the BTC lots of liquidations. Despite the Dr. A pause at a bitcoin rally, the bullish conviction remains. Well of course ain't gonna you know diss suade the bulls here. You mess with the bulls you get a horns 200,000 still in play and I say that is very bearish. Bearish in my opinion. This was a complex trade that involved the bull call spread which limits both potential gains and losses. The December 140200 call spread dominates buying low. December 140 funded higher by the two hundred thousand dollar calls according to the latest deribit insights. They also point out treasury plays of the game. That's actually our future story of the day. We'll be discussing the treasury wars continuing with microstrategy leading the pack. Bitcoin may have stalled as an OG wallet soaks up demand. And in fact we are going to be discussing that 9 billion dollar OG wallet on the move as well. So of course stay tuned. Bulls remain bullish. I mean thanks Captain Obvious. Bitcoin finally broke out of the range. But this isn't a capitulation, it's a rotation LED correction. The bitcoin risk IND metrics which gauges the likelihood of significant bitcoin price drawdowns is currently at zero. This indicates there is no overheating and the bullish structure remains intact. The trend remains bullish. Corrections at low risk levels equals opportunity, not an exit. So take advantage. And quoting Dan crypto trades to finish up here. A breakdown from this range should lead to a retest of 113.5 next which could be a decent level to look out for. What and see if that happens? Well, we shall soon see. You guys got to let me know your thoughts on the price action. And quoting Max Kaiser in response to the headline Thailand warns Border Cris what Cambodia could escalate into war. He responds, fiat Money breeds war. Opt out Bitcoin. It's a great point. And as Sailor says, tickets to Escape the Matrix are priced in bitcoin. And checking out some of the live charts. We'll do some live chart action. Jackson Satisfaction, Bo Jackson, Joe Jackson and we'll throw in Tony Braxton as a bonus for the baddies. Here we are pulling up the charts. Can you see that on your screen? Good. Okay. So yeah, this is the one hour we'll start here. There are lots of targets here in play. The bull target is 118851 which is roughly about a 2000 jump from the current price action. Zooming out from the hourly I'll take a look at the infamous four hour chart. One of my faves, a four hour chart has a purple target in play bullish flag sitting at around 137,000. No other particular targets on the four hours. That's pretty bullish and awesome. Obviously price discovery is still 123. Two, the current top we hit last week.
Nipy
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JV
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Nipy
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JV
And zooming out for the daily the daily chart you can see the past three days have been bearish. Unfortunately you can see the red candles. But the silver lining there is a rising wedgie, the only wedgie officially approved by the Fed Chair Dog Nipinator. And there is also a bull flag formation sitting at146.4 on the daily chart. So hopefully the bulls can continue this run up. I think it's just nothing more than a healthy consol slash correction as we've been running up pretty significantly for the past few months which you'll be able to see here shortly in the charts. Looking at the weekly chart. We did get the highest weekly close of all time last Sunday. Hopefully we get another one this Sunday. But there's no telling what a constipated Janet yelling but you already know. But we do have the 124 target, which is just shy of where we already reached last week when we tapped out at 123. 2. We came within 800 striking distance. So hopefully the bulls can continue with the momentum and zooming out. They say when in down, just zoom out. And here we are, 1, 2, 3. This is the fourth green consecutive candle on the monthly chart. So we've had four months of bull territory and even with the current correction we're still significantly in the green. So that's a good sign. And I dare say bitcoin's been on a 17 year bull run since the inception of the Genesis block. And there you have it. But you guys let me know your thoughts. Where do you feel the pretty little bitty likely take us next and read those comments out loud. Let's get it Next. Regarding these 35 companies that now hold at least a th000 Bitcoin as corporate adoption continues to Boom shakalaka. That's right. Corporate adoption of bitcoins accelerating with 35 public trade companies holding at least a th000 bitcoin each signaling growing institutional interests in bitcoin. Demand for bitcoin soaring amongst the public companies four months after President Trump's executive order outlining the creation of a federal bitcoin reserve for the world's largest economy. To me it's mind boggling how the US economy is the largest when there's countries like China and India that have billions of people. I'm trying to figure that out. But anyways, according to Chris Kuiper, vice president of research at Fidelity Digital, at least 35 public companies have now surpassed a thousand bitcoin in holdings just on the balance sheet, worth more than 116 billion at this time, up from 24 companies at the end of Q1. So you can clearly see the sign. I mean it's very clear. More and more corporate adoption via these treasury plays are being birthed every week, which we cover on the show. The growing bitcoin holding company signal a notable increase in bitcoin exposure. Bitcoin purchases became more widely distributed across public companies rather than concentrated amongst just a few large buyers, such as for example Michael Saylor's company, which is going to be our feature topic of conversation. But you can see the total public company holdings of a thousand plus BTC back in 2017 there was zero because again, sailor was the first company to do so. They didn't join the race until 2020 and then since then it's very clear there's a trend and the trend is more and more companies being birth, obviously. Fidelity's data was published shortly after Bitcoin flip Amazon's 2.3 trillion market cap to become the world's fifth largest asset by total value. Following the new wave of institutional buying, over 278 public companies are now holding Bitcoin, up from just 124 weeks ago. According to the Bitcoin Treasuries.net net the U S leads all countries with 94 public entities holding Bitcoin, followed by Canada with 40 in the UK with 19 public Bitcoin holding entities. The growing institutional accumulation saw bitcoin purchases increase by 35% quarter on quarter from 99, 8, 57 BTC in the first quarter to 2025, now at 134456 Bitcoin just in the second quarter. Not only did the total purchases increase from quarter one to quarter two this year, but there's a lot more companies doing the buy in. That's right. It's called competition. It's a beautiful thing. The wonderful thing about Bitty is bitty. The wonderful thing Also Bitcoin's open interest which is near record levels, also points the growing institutional engagement. Obviously open interest in bitcoin futures remains elevated above 45 billion, just shy of the historical peak, pointing to continued institutional engagement and speculative leverage, adding that the short term trend remains sideways. But positioning suggests the markets are bracing for a pivotal stretch. And if you don't know now, you know. Next headline Satoshi era 9.7 billion Bitcoin OG moves another 1.1 billion to the exchange exchanges that's right, a long dormant Bitcoin whale from the Satoshi era has transferred more than 1.1 billion worth of Bitcoin decentralized exchanges just recently after huddling their stash since 2011, the Satoshi Era Whale first transferred 40,000 Bitcoin worth over 4.66 billion July 15, followed by a second transaction of 40,000 BTC July 18 to Galaxy Digital. And according to the blockchain intelligence platform look on chain. Galaxy Digital has since moved more than 10000 BTC worth 1.18 billion to major crypto exchanges including Finance, Buybit, Bitstamp, Coinbase and OkX. According them here, the 10,000 plus BTC comes from the Bitcoin OG holdings 80,000 Bitcoin worth 9.68 billion. Now that's an OG HODL. The whale's multi billion dollar transfers paired with the new auditing requirements enforced by the guiding and established national innovation of the US Stable coins, better known as the Genius act, has sparked concerns amongst industry watchers over a potential bitcoin correction. That alone will burst the biggest bubble in fraud in history, financial history. Bitcoin. It's entirely propped up by fake money printed out of the air. Yeah. The historical perspective. Dormant whale movements have not consistently proceeded significant market corrections. According to the analysts. This whale movement, although eye catching, should not overshadow the constructive momentum the crypto industry is gaining on the regulatory front. Long term whales re engaging with the network may signal a broader shift towards readiness for the next institutional cycle. And despite concerns over the wider correction, some industry watchers said the 9.26 billion bitcoin sale may all be absorbed by this market onchain. Analysts said 12,000 bitcoin 1.3 billion remain to be sold. He added that the whale is likely unloading the assets via a combo of over the counter as secondary market sales. Quoting them here, this means the 80,000 Bitcoin ancient whale likely has about 12,000 BTC which is 1.38 billion yet to be sold. And with the current market liquidity absorbing the remaining portion of of these coins should not have significant impact. Some industry watchers suggest the move reflect the deeper shift in crypto market structure. Quoting crypto quant here. Last cycle the whale sold to retail. This time the old whale sell to the new long term whales. Institutional adoption is bigger than we thought. Trading feels pointless. Holders now outnumber the traders. And there you go. Yo, there's the latest. With the Satoshi era bitcoin wallet being resurrected like Lazarus from the dead. Next story of the day. Logan Bald can't blame crypto zoo co founders for the collapse. According to the judge. That's right.
Nipy
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Mobile.Com the US judge advised Logan Bald cannot avoid the lawsuit over the fail crypto project Crypto Zoo by shifting blame to the project's co creators. Ultimately just pointing fingers at everyone but himself, the magistrate judge said Tuesday, urging the federal court in Austin to deny Paul's request for default judgment against the Crypto Zoo co founders in a lawsuit by Crypto Zoo NFT buyers who claimed the project was fraudulent. And as you know I believe it was a multi billion dollar scam. It was a pretty big one many years back Judge Griffin said to allow Paul's bid which would see the court rule against the, you know, other founders. I don't know how to pronounce the names Ibanez and Greenbaum without a trial because they haven't responded. The group of Crypto Zoo NFT buyers first pursued Paul and then the other founders and others involved in the project in early 2023 claiming it a rug pull. And I guess we got to thank Coffee Zilla for bringing this to the attention of the Feds. Paul filed a counterclaim against those two in January of 2024 claiming he hired a duo to help run the project but they conned him so he's claiming to be the victim. Logan Bald Pretty wild but let me know if any of you were impacted by the Crypto Zeus scam. The NFT scam them. Crypto Zoo launched in 2021 featuring NFTs along with a token, but a slated blockchain based game was actually never launched. Judge Griffin said that Paul's attempt to blame the others and inculpate them for the downfall of Crypto Zoo and any resulting injury could see a lawsuit go nowhere as the pair hasn't even shown up in court. So at its core this case calls on the court to determine whether defendants together committed some form of fraudulent acts and the promotion and operation of Crypto Zoo. If the court were to grant default judgment and thereby lay all blame on those others besides Paul, that would come to the plaintiff's claims. As to Paul and the other defendants, we don't know. Paul's bid is only against his co founders and not claims leveled by Crypto zoo buyers. But Judge Griffin said Paul has not demonstrated nor the court convinced that based on the nature of the claims, there exists any reduced risk of inconsistent judgments. The court believes that defendants are similarly situated and possess closely related defenses. Plaintiffs charged defendants with some strain of joint liability. And most importantly, to rule on Paul's motion at this time would undeniably result in inconsistent judgment. So in a separate lawsuit in June of 2024, ironic as it sounds, Paul sued Coffeezilla, claiming he made defamatory remarks about Crypto Zoo. Well, he was just preaching the facts, really. A judge allowed that complaint to go ahead in March. And then Coffeezilla, meanwhile, asked for the case to be joined up with the lawsuit against Paul by Crypto Zoo NFT buyers, which Paul obviously opposed. Then In January of 2023, Paul promised to make a plan for Crypto Zoo and a year later put aside 2.3 million for refunds for Crypto Zoo buyers under the condition that claimants agreed not to sue over the project. Paul refunded buyers 0.1 ether the same amount the Crypto Zoo tokens were originally sold for. That's if people were lucky enough to figure out how to make the claim. So we got to keep that in mind as well. Well, but my understanding of all this, never trust Logan Bald. I mean, he's been involved in numerous crypto scams. Crypto Zoo wasn't the first one. There was also Dink Doink as amongst other crypto scams pretty much designed to steal your bitcoin and give you some useless NFT. Can't make this up, but that's the world of NFTs that we live in. Next story is regarding Jack Dorsey. Here's the latest from him. Now we covered the Crypto Zoo scam. Next up headline, Jack Dorsey Square announces bitcoin payments as parent company block jumps 10% on the S P edition. That's right, Payments platform squares announcing a bitcoin as an option for the merchants of the parent company. Block jumping 10% after being added to the S P and a new thread on X Block. Chief executive Owen Jennings says the sellers using Square can now receive the top crypto asset by market cap as a form of paint payment. Today we're onboarding our first few Square sellers for the new native bitcoin acceptance experience. This is the way Block, which was founded by former Twitter Exec Jack Dorsey in 09 recently announced it had been added to the S P, causing its stock price to rally. The firm released a statement noting that this is just the beginning. Block then announced bitcoin payments were coming to the platform in May, and at the time the firm also said that paying with Bitcoin bitcoin would be as easy as scanning a QR code for checkout. Miles Sutter, Bitcoin product lead at Block, said the addition of the Bitcoin would empower the merchants quoting them here. Block has long been a champion of the bitcoin focus on making it more accessible and usable in our everyday lives. Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal. When a coffee shop or retail store can accept Bitcoin through square, small businesses get paid faster and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments. Fantastic Jack. I'm sorry. Jack Mahlers Jack Dorsey clearly doing some big things. He also recently created a technology via a mesh network using Bluetooth to be able to make Bitcoin transactions. God forbid the grid went out which is alternative way. So you naysayers are like but what about when the grid goes down? You bitcoiners are going to wish you were gold bugs. No, we're just gonna use the mesh network and do what it do best. Yeah, I mean. Now for our feature story of the day. MicroStrategy drops a 2 1/2 billion dollar bomb to buy more Bitcoin as the treasury wars continue. That's right. Let's break this baby down and all hell. Michael Saylor the Giga chat making big moves and now there's a lot of copycats. As you can see, we've been covering lots of these Bitcoin treasury companies virtually as every day on the pond. But here's the latest Bitcoin intelligence firm turn Bitcoin treasury company strategy has reportedly increased its prefer stock offering to $2 billion, up from the previously planned 500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern time Thursday, which was yesterday, and carry an initial dividend of 9%, according to Bloomberg. The update comes days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between 90 and $95 per share. The deal is being underwritten by several major institutions including Morgan Stanley, Barclays, TD securities and Moles.
Nipy
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JV
Strategies Common stock trading under the ticker MSTR remain largely unchanged on Thursday, trading at around 413 bucks. The stock rallied 37 year to date and over 146 in the last 12 months, pushing the company's market cap to 116 billion. Want to know what's crazy reminder In 2020, Michael Sailor was the first publicly traded company to adopt the Bitcoin treasury play. And long story short, their market cap at the time was 400 million and he described it as a melting ice cube. Because you know what we call those who store fiat at the bank as a store of value? We call them poor. And meanwhile, after the Bitcoin adoption, long story short, their net worth as far as their market cap is now 116 billion. So they flipped there in five years. They flipped MicroStrategy, now known as Strategy, from 400 million market cap to now $116 billion. Hence why there's so many copycats following in the footsteps of the Sailor put we have Jack Mueller's new company, you know, and many others. Pompliano's, Trump's own company. He just made a 2 billion dollar purchase for his treasury to front run the United States of America. So the writing is on the wall, yo. MSTR had significantly outperformed both the S P and the information technology sector, each of which gained roughly 17 over the past year, according to Fidelity. It is no surprise Strategy share price has moved in tandem with Bitcoin, which has set multiple record highs in 2024. The rally has been fueled by surging institutional interest through the spot ETFs, growing regulatory approval and rising corporate treasury demand. Strategy remains the largest corporate hodler of the Bitcoin by a wide margin with its success prompting other companies to adopt Bitcoin as part of the treasury strategy. Hence the treasury wars are just getting started. According to the industry Data the top 100 publicly traded Bitcoin treasury companies collectively hold 917, 599 BTZ. And that excludes BlackRock and ETFs. Just FYI as BlackRock alone has over 700000 of the Bitcoin. So just two companies, BlackRock and Strategy combined, that's one point close to 1.4 million Bitcoin. It's insane but anyways strategy alone out of the corporate plays accounts for 66% of the total. And here's the list of the top 100 bitcoin treasury companies. You got Strategy clearly leading the pack with 607,770 and there's not even a close second best. Hence there is no second best. I mean Mara has 50,000 and then it goes down to 37:30. Nothing remotely close to the Gigachad and what they're doing. Hence the first movers advantage is a big deal. So hopefully Trump takes takes the first mover's advantage or should I say the second mover's advantage with the Bitcoin executive order considering President B. Buchelle and we were celebrating his birthday yesterday, turned 44, is the first president to do so. And there's only enough Bitcoin to go around for one massive country to take the poll position. Will it be the United States or will we get left behind? You guys, let me know your thoughts. The latest company to make a significant move in Bitcoin is Quantum Solutions which we covered yesterday. A Japanese artificial intelligence firm looking to purchase 3000 Bitcoin. And imagine that the AI company is acquiring all the Bitcoin as a long term strategic reserve instrument. Bitcoin miners have also increased their reserve activity this year with Mera now ranked the second largest corporate Bitcoin holder at 50, 000 of the BTC. Other miners including Riot platforms Clean Spark and Hut 8 also feature amongst the top 11 corporate treasuries. And again here's the list. I mean and I believe it was Sailor who projected we're gonna have hundreds and hundreds of more bitcoin treasury plays and adoption being birthed just because it's so successful. We also have the Japanese version of strategy which we know as Meta Planet. And there's a lot of Japanese companies now adopting bitcoin including the new AI company Quantum. We the discuss and many others who's going to win this global hash war. You guys let me know your thoughts. And don't forget to check out bitcoin news alerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.
Podcast Summary: Bitcoin News Alerts | Daily BTC News
Episode: 2060: MicroStrategy Drops $2.5B Bomb 💣 to Buy More Bitcoin | Treasury Wars Just Escalated
Release Date: July 25, 2025
Host: Justin Verrengia
Description: The #1 Bitcoin pod livestream uncensored with video on Rumble 7 days a week. The only podcast where 'stackin' sats' is a way of life. Seeking daily premium content? Then you're in the right place here! Stay informed with the best premium Bitcoin content on the planet. HODL!
Current Market Status: Host JV kicks off the episode by providing a comprehensive snapshot of the current cryptocurrency market. As of the live stream, Bitcoin is experiencing a 2% correction, trading around $116,700, while Ether follows suit with a 2% dip at approximately $3,650. Other cryptocurrencies like XRP and Cardano are also seeing declines, particularly after significant sell-offs by major holders like Chris Larson.
Market Capitalization:
Technical Analysis: JV delves into the technical aspects, highlighting Bitcoin's ability to break through the $115,000 resistance. He emphasizes that this move has triggered substantial long liquidations across the market, totaling $130 million in the past 24 hours. Despite this correction, the Bitcoin risk index is at zero, indicating no overheating and maintaining a bullish structure.
“Corrections at low risk levels equals opportunity, not an exit.” — JV [07:50]
Market Sentiment: The Crypto Green and Fear Index stands at 70, signaling strong greed within the market. Additionally, the time chain calendar shows continued upward momentum with block heights progressing steadily.
Growing Institutional Interest: The podcast highlights a significant surge in corporate adoption of Bitcoin, with 35 public companies now holding at least 1,000 BTC each. This marks a substantial increase from just 24 companies at the end of Q1. Chris Kuiper, Vice President of Research at Fidelity Digital, notes:
“At least 35 public companies have now surpassed a thousand bitcoin in holdings, signaling growing institutional interests in bitcoin.” — JV [12:45]
Geographical Distribution:
Quarterly Growth: Bitcoin purchases by public companies increased by 35% quarter-over-quarter, rising from 99,857 BTC in Q1 to 134,456 BTC in Q2. This growth is attributed to heightened institutional engagement and the strategic use of Bitcoin as a treasury reserve.
Massive Bitcoin Transfers: A dormant whale from the Satoshi era has recently moved 1.1 billion BTC to various exchanges. The initial transfer involved 40,000 BTC on July 15 and another 40,000 BTC on July 18 to Galaxy Digital. Subsequently, an additional 10,000 BTC was moved to major exchanges including Finance, Buybit, Bitstamp, Coinbase, and OkX.
“The whale's multi billion dollar transfers paired with the new auditing requirements have sparked concerns over a potential bitcoin correction.” — JV [19:30]
Industry Implications: While such significant movements might raise alarms about potential market corrections, analysts suggest that the current market liquidity can absorb these sales without substantial impact. Moreover, this activity may indicate a strategic shift towards preparing for the next institutional cycle.
“This whale movement, although eye-catching, should not overshadow the constructive momentum the crypto industry is gaining on the regulatory front.” — JV [20:15]
Court Ruling Against Logan Paul: Logan Paul is facing legal challenges regarding the collapse of his crypto project, Crypto Zoo. A U.S. judge has ruled that Paul cannot shift the blame onto the project's co-founders, urging the federal court in Austin to deny Paul's request for default judgment against the Crypto Zoo co-founders.
“The judge said Tuesday, urging the federal court in Austin to deny Paul's request for default judgment against the Crypto Zoo co-founders.” — JV [17:09]
Case Details:
Historical Context: Crypto Zoo, launched in 2021, failed to deliver on its promises, leading to accusations of being a multi-billion dollar scam. Despite attempts by Paul to refund some buyers, the majority of claimants remain dissatisfied.
“Logan Bald, he's been involved in numerous crypto scams. Crypto Zoo wasn't the first one.” — JV [18:55]
Square Announces Bitcoin Payments: Jack Dorsey's company, Square, now rebranded as Block, has announced the integration of Bitcoin payments into its platform. This move allows merchants using Square to accept Bitcoin as a form of payment, aiming to empower merchants with more financial options.
“Block has long been a champion of the bitcoin focus on making it more accessible and usable in our everyday lives.” — Miles Sutter, Bitcoin Product Lead at Block [22:15]
Stock Market Impact: Following the announcement and Block's inclusion in the S&P 500, the company's stock price surged by 10%. This reflects investor confidence in Block's strategic pivot towards embracing cryptocurrency.
Future Prospects: Block plans to onboard its first few Square sellers for the Bitcoin acceptance experience, emphasizing ease of use, such as scanning a QR code during checkout. This initiative is seen as a step towards mainstream adoption of Bitcoin in everyday transactions.
MicroStrategy's Bold Move: MicroStrategy, led by Michael Saylor, has raised $2.5 billion to purchase additional Bitcoin. The company has significantly increased its preferred stock offering, up from $500 million to $2 billion, to fund these acquisitions.
“Michael Sailor was the first publicly traded company to adopt the Bitcoin treasury play. Their market cap flipped from $400 million to now $116 billion in five years.” — JV [25:00]
Market Impact:
Treasury Wars: The podcast discusses the intensifying competition among corporations to adopt Bitcoin as part of their treasury strategy. With companies like Quantum Solutions (a Japanese AI firm) entering the fray by purchasing 3,000 BTC, the race is heating up globally.
“Strategy remains the largest corporate hodler of Bitcoin by a wide margin with its success prompting other companies to adopt Bitcoin as part of the treasury strategy.” — JV [26:30]
Global Adoption: Japanese companies are notably increasing their Bitcoin holdings, mirroring MicroStrategy's success. The discussion emphasizes the potential for Bitcoin to become a dominant reserve asset globally, depending on which country secures the first mover’s advantage.
Bitcoin's Long-Term Trajectory: JV reiterates Bitcoin's enduring bullish trend, highlighting its 17-year bull run since the inception of the Genesis block. Despite short-term corrections, the overall sentiment remains positive, with Bitcoin poised for continued growth.
Call to Action: Listeners are encouraged to engage with the podcast by following on Rumble and X (formerly Twitter), reposting BTC News Alerts, and participating in live streams and Q&A sessions for a more interactive experience.
“Paying with Bitcoin would be as easy as scanning a QR code for checkout. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.” — Miles Sutter [22:45]
Final Thoughts: The episode wraps up with an optimistic outlook on Bitcoin's future, emphasizing the strategic moves by major corporations and the growing institutional interest that are likely to drive Bitcoin's adoption and value in the coming years.
Notable Quotes:
Stay tuned for more insightful discussions and updates in tomorrow's episode of Bitcoin News Alerts | Daily BTC News. HODL!