The company filed documents with the U.S. Securities and Exchange Commission (SEC), stating that net proceeds from the sale of securities will be allocated to “general corporate purposes, including, among other things, the purchase of Bitcoin.”
According to Tom Lee, these two cryptocurrencies will offer excellent investment opportunities to the market, particularly due to their sensitivity to monetary liquidity.
Strategy’s Executive Chairman Michael Saylor announced that the company currently holds 638,985 BTC on its balance sheet, totaling approximately $73.4 billion at an average price of $73,913 per coin.
In an attempt to hold above $115,000, Bitcoin managed to rise approximately 2% over the past week. Meanwhile, over the past month, BTC has lost 2.3%, fluctuating between $107,000 and $119,000.
According to experts, this means that short-term Bitcoin holders have once again started selling assets at a loss. Until early September, the SOPR value had remained above the “1” mark — the break-even level — for more than four months, signaling retail speculators’ confidence in the cryptocurrency’s positive trend.
According to a forecast by the artificial intelligence (AI) tool ChatGPT, the world’s largest cryptocurrency has the conditions to rise to $135,000 by October 1, 2025.
Spot Bitcoin and Ethereum funds are once again seeing rising demand from institutional investors. On Friday, September 12, they attracted $642 million and $405 million, respectively.
On Thursday, September 11, the total daily net inflows into bitcoin funds reached $552.78 million, as institutional investors returned to the flagship asset.
Technical analysis results suggest that today’s rise of Bitcoin to $116,353 is likely a “dead cat bounce.”
Bitcoin’s market dominance has dropped to around 57%, while CoinMarketCap’s altcoin season index surged from 36 to 60 (out of 100) within a month. This signals that investors are shifting away from the flagship cryptocurrency into other digital assets.
Bitcoin edged lower on Wednesday, staying in a sideways range amid growing uncertainty over the trajectory of U.S. interest rates, especially ahead of key inflation data due in the coming days.
According to Gerovich, the company’s total Bitcoin investments have exceeded $2 billion, with its holdings reaching 20,136 BTC. Metaplanet currently ranks sixth among all corporate Bitcoin holders worldwide.
El Salvador, which legalized Bitcoin in 2021, has traded the struggling cryptocurrency for soaring gold.
During Taipei Blockchain Week, Sora Ventures unveiled Asia’s first Bitcoin fund, aiming to purchase $1 billion worth of BTC over the next six months.
According to bitcointreasuries.net, public companies have accumulated over 1 million BTC. The leaders in the ranking are Strategy with 636,505 BTC, MARA Holdings, Inc. with 50,639 BTC, and XXI with 43,514 BTC. The top five is rounded out by Bitcoin Standard Treasury Company with 30,021 BTC and Bullish with 24,000 BTC.
On Tuesday, Bitcoin funds outperformed Ethereum ETFs in terms of investment flows.
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