Bitcoin | Crypto

Michael Saylor’s Strategy added another $18 million in Bitcoin last week to mark the fifth anniversary of its BTC buying strategy, bringing its total holdings to 628,946 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset. Strategy acquired 155 Bitcoin (BTC) for $18 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price of $116,401 per coin, with BTC starting the week at $114,000 and nearing all-time highs around $122,000 by Sunday, according to CoinGecko. Read more

Bitcoin’s corporate adoption is increasingly resembling the “nationalization path” of gold leading up to 1971, presenting a new centralization concern, according to Willy Woo. Corporate crypto treasuries have surged past $100 billion, raising concerns among analysts that the United States may one day nationalize some of these holdings in a move reminiscent of the gold standard era. Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin (BTC) treasury firms amassing 791,662 BTC worth roughly $95 billion by the end of July, representing around 3.98% of the circulating supply. The growing corporate holdings may present a new centralized point of vulnerability for Bitcoin, which may see the world’s first cryptocurrency follow the same “nationalization path” as gold in 1971, according to crypto analyst Willy Woo. Read more

Bitcoin has a new dip target as the week begins with BTC price action targeting all-time highs. Will bulls end up defending $117,000? Bitcoin (BTC) starts a new week in an exciting place as price action knocks on new all-time highs. Bitcoin surges to $122,000, the latest sign that price discovery is around the corner. Dip discussions focus on the weekend’s CME gap, which offered $117,000 as a retracement target. Read more

Ether ETPs continued to lead the market last week, attracting the biggest inflows among other crypto assets at almost $270 billion. Cryptocurrency investment products posted gains last week, rebounding after the previous week had ended a record 15-week inflow streak totaling $27.8 billion. Global crypto exchange-traded products (ETPs) saw $572 million of inflows during the trading week ending Friday, the European crypto asset manager CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) and Ether (ETH) prices recovering last week, with ETH reaching a psychological mark of $4,000 for the first time since December 2024. Read more

Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Lyn Alden is an exceptional human. Broadly recognized as one of the top minds in macroeconomics, during a conversation with Lyn, you can feel […] The post Inside the mind of Lyn Alden: Bitcoin, AI, and the unstoppable deficit train appeared first on CryptoSlate.

Bitcoin traders are getting excited over a huge short squeeze as BTC price predictions include a return to all-time highs. Key points: Bitcoin tags new August highs as traders see BTC shorts getting punished. An early retracement could well turn into a trip to $120,000, predictions say. Read more

A new report from Bitcoin veteran Tuur Demeester and Adamant Research argues that the current market phase may be “quiet strength” for Bitcoin; a mid-cycle stage in what could become one of the “most significant bull runs” in Bitcoin’s history. How to position for the Bitcoin boom The report, titled ‘How to Position for the […] The post Bitcoin’s ‘mid-cycle strength’: Tuur Demeester predicts $500k target and historic institutional bull run appeared first on CryptoSlate.

Harvard Management Company, which oversees the university’s $53.2 billion endowment, disclosed a $116 million position in BlackRock’s iShares Bitcoin ETF. The post Harvard Endowment Reveals $116M Stake in BlackRock’s Bitcoin ETF appeared first on Cryptonews.

Bitcoin price could surge in 2025 driven by global money supply growth, ETF adoption, and retail inflows. Key takeaways: Record global money supply growth is a big tailwind for Bitcoin. Spot Bitcoin ETFs could soon surpass gold holdings, boosting BTC’s reserve-asset status. Read more

Harvard Management Co. (HMC) reported a position in BlackRock’s iShares Bitcoin Trust (IBIT) worth $116,666,260. According to a Form 13F filed with the US Securities and Exchange Commission (SEC) on August 8, HMC had 1,906,000 shares of IBIT as of June 30. Based on the values shown on the same page, the Bitcoin allocation represents […] The post Harvard discloses $116.7M exposure to Bitcoin via BlackRock’s IBIT ETF appeared first on CryptoSlate.

Panama City Mayor Mayer Mizrachi has expressed strong support for a proposal that would allow ships to pay reduced Panama Canal fees if they settle in Bitcoin. In an Aug. 7 post on X, Mizrachi described the idea as “brilliant” and expressed hope that the Panama Canal Authority would adopt it. Max Keiser, an advisor […] The post Panama City mayor backs Bitcoin discounts for Panama Canal fees appeared first on CryptoSlate.

Trump’s move may change US retirement plans. Bitcoin could soon be part of your 401(k), and Wall Street is getting ready. Trump's forthcoming executive order could open the $9 trillion US retirement market to Bitcoin and other cryptocurrencies. The order aims to give 401(k) providers legal protection when offering crypto investment options. Major asset managers like BlackRock and Apollo are reportedly developing crypto retirement products in anticipation of regulatory clarity. Read more

Union Jack Oil (UJO), a UK-listed oil and gas firm, is exploring a new path to monetize its gas resources by turning to Bitcoin mining, per an Aug. 7 statement. According to the firm, the move is focused on harnessing the natural gas from its West Newton site in East Yorkshire to generate electricity for […] The post UK-based Union Jack Oil turns to Bitcoin mining amid rising network difficulty appeared first on CryptoSlate.

Union Jack Oil’s new Bitcoin mining plan could turn stalled gas wells into early cash flow, potentially paving the way for one of the UK’s first corporate Bitcoin treasuries. Union Jack Oil, a publicly traded UK energy company, has announced plans to convert natural gas from its West Newton site into electricity to power Bitcoin mining, marking what could become one of the country’s first “oil-to-crypto” monetization projects. The move could generate early cash flow from wells that would otherwise remain undeveloped, the company said on Thursday in an operations report. The project is being pursued in partnership with Rathlin Energy and Texas-based 360 Energy, which specializes in turning stranded or flared gas into power for on-site data centers. Read more

Bitcoin’s ascent to its all-time high unfolded against a very unusual backdrop: steadily compressing volatility. While most markets tend to exhibit rising implied volatility as prices push higher, Bitcoin has done the opposite, especially in recent months. This behavior is perfectly captured by the Bitcoin Volatility Index (BVIV), a metric that tracks the implied volatility […] The post Record compression in implied volatility sets up next big move for Bitcoin appeared first on CryptoSlate.

Bitcoin bounces back as traders highlight the next BTC price targets and resistance levels — can bulls take control? Key points: Bitcoin bulls keep momentum intact at the Wall Street open, with $117,000 and higher on the radar. Order-book liquidity shows shorts getting liquidated, with fresh liquidity being added higher. Read more

The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether. The European Banking Authority (EBA) has finalized draft rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures by institutions across the EU.” The framework applies to European Union-based banks holding crypto assets on their balance sheets. Once the final draft goes to the European Commission, Brussels will have up to three months to decide whether to endorse it as is or with amendments, or send it back for redrafting. After endorsement, the bill would become a delegated regulation and be forwarded to the European Parliament and the Council, with a three-month objection ...

Bitcoin price analysis looked to last November for clues as to how high BTC might go if recent bull market history repeats. Key points: Bitcoin is attempting a support retest that looks very similar to late 2024, trader Galaxy said. Last time, BTC price action went from $70,000 to $108,000 after a successful retest. Read more

Shares in IREN Ltd closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July. Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s. IREN reported an average hashrate over July of 45.4 EH/s, signalling that a majority of its machines stayed online and productive throughout the month. Read more

Bitcoin (BTC) is consolidating in a thin-liquidity “air gap” between $110,000 and $116,000 as the market waits for new demand to establish a firm base. According to an Aug. 6 report by Glassnode, BTC’s price pulled back to $113,000 after setting a new all-time high above $123,000 in mid-July. This price movement left many recent […] The post Bitcoin settles into $110k–$116k ‘air gap’ as market awaits fresh demand appeared first on CryptoSlate.