Today’s headlines:
Over the past month, BTC has ranged from lows of $90,000 to an all-time high of $108,000. Right now, BTC is up +2.92% versus a month ago, highlighting that despite the volatility, the price of Bitcoin has not changed a great deal over the past month. Figure 1: $BTC has had a volatile past month. From a technical perspective, BTC is below the main range resistance we have been tracking at $100,000. Beyond that, the market will look for daily closes above $106,000, which could indicate the start of a potential new all-time high breakout. Figure 2: $BTC needs to break above the range resistance. The Big StoryBlackRock holds 5% of Saylor’s StrategyGlobal asset manager BlackRock has deepened its investment in Strategy (formerly MicroStrategy), the company with the most significant corporate bitcoin holdings. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), BlackRock's stake has risen from 4.09% to 5% as of Dec. 31, 2024. The filing, dated Feb. 6, 2025, reveals that BlackRock’s holdings in Strategy increased to 11.26 million shares from 9.48 million in the previous quarter. The additional 1.78 million shares are now valued at approximately $590 million, based on Strategy’s current trading price of around $327 per share. In total, BlackRock’s position in the company is worth about $3.75 billion. Figure 3: Strategy MSTR share price. This move comes as Strategy continues to expand its bitcoin reserves. The company currently holds 471,107 BTC, valued at over $46 billion. The data below is taken from Bitcoin Magazine Pro’s Public Company Treasury Listings: Figure 4: Strategy is the leader of companies holding Bitcoin on their balance sheets. Strategy now holds 2.24% of the total supply of Bitcoin, 21 million, and this figure will likely continue to increase in the coming months. It has more than ten times the amount of the next nearest company, Marathon Digital Holdings. Concerning BlackRock’s investment, crossing the 5% ownership threshold required the company to submit a Schedule 13G filing with the SEC. Institutional investors who acquire significant stakes in a company but do not intend to influence its management or operations use this type of filing. Key ChartBitcoin Treasury Treemaps Figure 5: Treasury Treemaps Bitcoin Treasury Treemaps are a visual and interactive way to see the bitcoin treasury holdings of various publicly listed companies. As mentioned in our article above, the image above shows the domination of Strategy (formerly MicroStrategy) in the US with its 471,107 bitcoin! The user can also click on the orange and green segments on the right-hand side of the treemap to reveal the holdings of companies in Canada (orange) and the rest of the world (green). This chart is available to view for free here. The Bitcoin Magazine Pro Team. Bitcoin Magazine ProFor more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro. Make Smarter Decisions About Bitcoin. Join millions of investors who get clarity about Bitcoin using data analytics you can't get anywhere else. We don't just provide data for data's sake, we provide the metrics and tools that really matter. So you get to supercharge your insights, not your workload. Take the next step in your Bitcoin investing journey:
Invest wisely, stay informed, and let data drive your decisions. Thank you for reading, and here’s to your future success in the Bitcoin market! 🎁 Special Offer: Use Code: BMPRO For 10% OFF All Bitcoin Conference Tickets Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. We sincerely appreciate your support and hope you found this content valuable. Please leave a like and let us know your thoughts in the comments section; we always welcome feedback from our audience! |
Monday, February 10, 2025
Calm After The Storm
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