SpaceX executed significant Bitcoin transfers totaling $133.7 million on Friday, moving 1,215 BTC to new unlabeled wallets in the latest of several cryptocurrency movements by Elon Musk’s aerospace company. The transfers come as SpaceX maintains one of the largest corporate Bitcoin treasuries globally, ranking fourth among privately held companies with approximately $914 million in Bitcoin holdings prior to the recent activity. Meanwhile, Tesla continues to hold over $1.27 billion in Bitcoin assets, having recently capitalized on accounting rule changes to book substantial quarterly profits.
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Bitcoin at $116M to Erase US Debt? Math Meets Reality
As US national debt surpasses $38 trillion and grows at an alarming rate of $23 billion daily, Bitcoin advocates are proposing a radical solution: using cryptocurrency reserves to eliminate government liabilities. The mathematical exercise reveals staggering price targets that challenge conventional financial logic, exposing fundamental tensions between finite digital assets and infinite fiscal expansion in an era of unprecedented government borrowing.
read moreSEC Probes Crypto Treasury Firms Over Insider Trading
U.S. regulators are investigating multiple digital asset treasury companies for potential insider trading linked to cryptocurrency acquisition plans. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are examining suspicious trading activity that preceded official crypto purchase announcements. This scrutiny highlights growing concerns about market transparency as corporate crypto adoption accelerates.
read moreBitcoin Nears $154K: Breakout or Consolidation Ahead?
Bitcoin is approaching a critical resistance level at $154,522 as institutional holdings tighten supply and demand remains strong. Analysts are divided on whether BTC will consolidate or break toward a new cycle peak of $207,701. The cryptocurrency’s next move could define its trajectory for months to come.
read moreBhutan Sells $92M Bitcoin Amid Market Downturn
The Royal Government of Bhutan has reduced its Bitcoin exposure by selling 799.69 BTC, worth approximately $92.06 million, during the recent crypto market dip. Blockchain analysts suggest the funds were likely moved to a centralized exchange, possibly Binance, ahead of the sale. Despite this, Bhutan retains a significant crypto portfolio, ranking as the fifth-largest national Bitcoin holder with nearly 9,969 BTC ($1.15B) and 656 ETH ($2.81M). The sale coincides with Bitcoin’s 7% retracement from its recent all-time high of $124,167.
read moreUS Govt’s Bitcoin Holdings $20B Less Than Estimated
A Freedom of Information Act (FOIA) request by journalist L0la L33tz revealed the US Marshals Service holds only 28,988 Bitcoin (worth ~$3.4B), sharply below the 200,000 BTC ($23.5B) estimated by platforms like Arkham Intelligence. The gap has fueled theories about undisclosed government sales or transfers to a Strategic Bitcoin Reserve, as proposed by President Trump. Experts note that seized assets (e.g., Bitfinex hack coins) aren’t yet forfeited, and custodial off-chain transactions could obscure activity. Senator Cynthia Lummis criticized the potential depletion as a ‘strategic blunder,’ while analysts debate whether tracking on-chain wallets still matters if custodians like Coinbase facilitate opaque transfers.
read moreMetaplanet Buys 1,112 BTC, Plans $210M Bond for More
Metaplanet announced the acquisition of 1,112 BTC for $117.2 million, bringing its total Bitcoin holdings to 10,000 BTC. The company’s board approved a $210 million bond issuance to EVO Fund, with proceeds earmarked for additional Bitcoin purchases. While the timing suggests a link between the bond issuance and the BTC acquisition, Metaplanet did not confirm the sequence. The firm, which rebranded as a Bitcoin treasury in 2024, aims to accumulate 210,000 BTC by 2027. Despite its aggressive Bitcoin strategy, Metaplanet remains one of the most shorted stocks in Japan, with analysts questioning its valuation relative to Bitcoin’s current price.
read moreCrypto Strategist Predicts 80% Bitcoin Drop in Next Bear Market
Pseudonymous crypto analyst DonAlt, who accurately predicted Bitcoin’s 2022 bottom, warns that corporate BTC holders may fuel the next brutal bear market. He argues that Bitcoin treasury companies—holding over 1.1 million BTC worth $117 billion—will unleash significant selling pressure, potentially causing a 70-80% crash from the cycle’s peak. While bullish short-term, DonAlt cautions that a drop below $101,000 could trigger a swift correction toward $90,000. His grim outlook draws parallels to BTC’s 2018 collapse from $20,000 to $3,000. Currently, Bitcoin trades at $105,438 amid growing concerns over institutional sell-offs.
read moreSEC Approves Trump Media’s $2.3B Bitcoin Treasury Deal
The U.S. Securities and Exchange Commission (SEC) has approved Trump Media and Technology Group’s $2.3 billion Bitcoin Treasury deal, as revealed in an SEC filing. The company, which operates Truth Social and is significantly controlled by Donald Trump’s family, raised the funds through the resale of equity and convertible notes. The Bitcoin Treasury is part of Trump Media’s aggressive expansion strategy, aiming to integrate BTC into its balance sheet and explore synergies for subscription payments and a utility token. Additionally, Trump Media has filed to launch a Bitcoin ETF, with Crypto.com as the exclusive custodian. Notably, Don Wilson, CEO of DRW Investments, invested $100 million in the deal, raising potential conflict-of-interest concerns due to his firm’s ties to the Trump administration.
read moreMichael Saylor’s Strategy Buys $110M in Bitcoin, Boosts Holdings
Strategy, formerly MicroStrategy, has acquired another 1,045 Bitcoin worth $110 million, bringing its total holdings to approximately 582,000 BTC ($62.7 billion). The purchase, disclosed in an SEC filing, marks the company’s fourth-smallest Bitcoin buy this year. Strategy has spent $5.1 billion on Bitcoin since mid-April, funded partly by issuing preferred stock. Despite stock dilution concerns, the firm’s shares rose 2% in pre-market trading. CEO Michael Saylor emphasized the company’s strong Bitcoin-focused strategy, even as competitors adopt similar treasury approaches. Bitcoin’s price remains volatile, trading between $101,000 and $108,000 amid broader economic uncertainties.
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