MicroStrategy IncorporatedMSTR
▲ PositiveCapitalrelevance
Strategy resumed Bitcoin purchases (950 BTC) and repurchased US$174M of STRC preferred stock, tightening its capital structure.
Impact on assets 2
Digital Finance & Tokenization▲ · 1 stocks
MicroStrategy IncorporatedOthers▲ · 1 stocks
BitcoinBTC-USD
▲ PositiveDemandrelevance
Strategy added 950 BTC worth about US$75.7 million, representing fresh corporate demand for Bitcoin.
Theme Impact 2
Off-coverage companies
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Bitcoin Enters Bull Market, CryptoQuant Confirms but Expects Smaller Gains
On-chain analytics platform CryptoQuant concluded in a weekly report published on the 22nd that Bitcoin has confirmed its entry into a bull market. According to the report, Bitcoin has risen above its 365-day simple moving average of about $80,500 for the first time since March 2023 and is trading at $86,000; past breaks above this line signaled the start of bull markets in 2019 and 2023. The next resistance zone is $88,000 to $90,000, which overlaps with the upper band of short-term traders' realized price, and the firm warns that profit-taking selling is likely to intensify once the price reaches around $90,000. CEO Ki Young Ju said in a post on X that this bull cycle's gains will be limited to 3 to 5 times rather than more than 10 times, and that the subsequent bear market will also be milder. According to Farside Investors, U.S. spot Bitcoin ETFs saw total net inflows of $1.7137 billion over the two days of the 21st and 22nd.
Trump discloses purchases of Strategy shares and other assets worth up to $100,000
U.S. President Donald Trump bought Strategy shares worth between $51,000 and $100,000 in July, according to a periodic transaction report released by the U.S. Office of Government Ethics on September 22. The report showed two purchases: one of $1,001 to $15,000 on July 24 and one of $51,000 to $100,000 on July 27, with the July 27 purchase falling in the same dollar range as his largest previous purchase, recorded on February 12. There was also a sale of $1,001 to $15,000 on July 8. The report listed 1,156 transactions for July, with crypto-related trades making up only a small fraction of the total, while the largest transactions were sales of Microsoft and Amazon shares on July 20, each worth between $5 million and $25 million. The White House says the assets are managed independently by third-party financial institutions and that the president and his family are not involved in the trades. The disclosure came just after the Senate voted on September 15 against proceeding with the crypto market structure bill known as the Clarity Act, a vote attributed mainly to conflict over ethics provisions that would restrict the president's family from profiting from crypto, and it could reignite the debate.
▲2impact 4
Bitcoin ETFs Pull In $1.7 Billion Over Two Days as Binance Backs Circle With $100 Million
Bitcoin ETFs took in $1.7 billion in inflows over a strong two-day run, with $714.7 million arriving on Tuesday after Monday's roughly $1 billion haul, the ninth biggest inflow day ever, bringing the four-day streak to about $2.3 billion. In the stablecoin world, Mastercard and SoFi have teamed up on stablecoin settlement for cards, with SoFi now settling debit and credit card transactions across Mastercard's network using SoFi USD and migrating its entire credit card program, which is expected to process more than $25 billion in annualized volume. Binance has invested $100 million into Circle, buying shares at a 5% discount on a vesting schedule, and signed a new five-year commercial agreement to promote USDC on its platform. Binance is also under US scrutiny over possible Iran sanctions violations, according to Bloomberg News. BitMEX, the exchange that invented the perpetual swap, has now closed.