Massive Bitcoin Buy For Strategy
Strategy buys another 22,048 Bitcoin for $1.92 billion. This purchase now brings its tootal holdings to 528,185 Bitcoin work more than 43 billion, that's equivalent to more than 2.5% of the total 21 million Bitcoin supply. Since November of 2024 Strategy has almost doubled its Bitcoin holding as it accumulates as much Bitcoin as possible as fast as possible. Just for some perspective today's purchase of 22,048 Bitcoin will eat up approximately 50 days of newly mined Bitcoin.
Compared to other companies holding Bitcoin as a treasury Strategy is on another planet as it holds tons more than Marathon, the second largest holder of Bitcoin.
Trump Family Joins Hut Miner
Eric Trump and Donald Jr. take strategic leadership roles and a 20% stake in Hut 8 Bitcoin mining venture. This partnership will focus on the new entity called American Bitcoin that will mine Bitcoin on a industrial scale. For Trump's sons this continues the broader strategic alignment with the digital asset sector as they have already taken advisory roles with Metaplanet and Dominari Holdings. With their father creation of a Strategic Reserve and unwavering support of crypto these investments seem like well calculated steps for largest investment returns in this favorable environment.
Circle IPO
Circle the USDC stablecoin issuer filed their documentation preparing for their IPO. At this time it's unknown how many Class A shares will be issued and at what value. "For Circle, becoming a publicly traded corporation on the New York Stock Exchange is a continuation of our desire to operate with the greatest transparency and accountability possible," Circle CEO Jeremy Allaire said in the filed prospectus. The IPO is expected to launch on the NYSE in April under the ticker symbol "CRCL".
Tether Buys 8,888 More Bitcoin
Tether (USDT) the world's largest stablecoin issuer with $13 billion in profits in 2024 just purchased 8,888 Bitcoin for $735 million in the 1st quarter of 2025. The most recent purchase will bring their holdings up over 100,000 Bitcoins worht close to $8.5 Billion. The company is staying true to their plan of buying 15% of its profits each quarter to increase their Bitcoin holdings. Tether currently holds $7.7 billion in Bitcoin.
Quick Hits
- US Treasury is looking to see if it can buy Bitcoin directly for the strategic reserve says Senator Lummis.
- Mastercard said is made a Massive bet and wants allow 3.5 billion cardholders to move Bitcoin and Crypto.
- Digital Minister of France says they should seriously look at Bitcoin mining.
- UK regulators approve Blackrock to operate as a crypto-asset firm.
