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Strategy, the former MicroStrategy, has snapped up yet another 7,633 bitcoins worth a staggering $742.4 million at an average $97,255 per coin. The company’s total BTC holdings now reach 478,740 coins, roughly valued at $31 billion Headed by Michael Saylor, Strategy is one of the biggest corporate Bitcoin whales in the world. Its newest buy comes as markets bounce around, showing their strong belief in Bitcoin’s long-term potential. Related: BlackRock CEO “Surprised” by Bitcoin ETF’s Record-Breaking Demand Interestingly, even with this latest purchase, Michael Saylor had stated earlier that the firm had not sold any Class A common stock the past week or acquired any Bitcoin as of February 2, 2025. So this sudden move can only point to a strategic change of plans taking advantage of the favorable market conditions. Saylor pointed out that the company’s consistent strategy of acquiring BTC has outperformed key players in the tech space , including NVIDIA. “Our Bitcoin investment has not only dominated the S&P 500 but has delivered superior growth,” Saylor stated. By using its BTC holdings and equity offerings, seems Strategy is looking to offer even better returns to its shareholders. With a 4.1% BTC yield so far in 2025, MicroStrategy is positioning itself as a leader in corporate Bitcoin treasury operations. MicroStrategy’s dedication to Bitcoin became even more obvious on February 5th when it rebranded itself, now sporting an orange background to represent its dedication. Related: MicroStrategy Rebrands as “Strategy₿,” Doubles Down on Bitcoin The following day, they submitted documents to the SEC, drawing attention to ownership stakes. In related news, BlackRock, another big holder of Bitcoin, has quietly increased its stake in Strategy to nearly 5%, up from 4%, now holding about 11.2 million shares . At the current stock price of $328, this comes out to around $3.6 billion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

There has been a substantial decrease in Bitcoin balances held by Over-The-Counter (OTC) desks. Back in September 2021, these balances were approximately 480,000 BTC, but now, they have declined to 146,000 BTC, according to CryptoQuant . This sharp reduction points to substantial outflow of Bitcoin from OTC desks over the past few years. OTC desks are like behind-the-scenes trading hubs that facilitate large-volume trades between parties, often used by institutional investors to execute major transactions without impacting the public market. This trend could be a notable factor in the current market cycle. Once OTC desks deplete their Bitcoin reserves, all buying activity will be executed exclusively through exchanges, potentially influencing BTC’s price dynamics by a large margin. Related: BTC Could Easily Reach $150K As OTC Supply Nears Depletion – Analyst For instance, a decreasing OTC balance might suggest increased accumulation by institutions or large investors, potentially leading to reduced selling pressure and a more bullish outlook for Bitcoin. Historical patterns suggest that sharp declines in OTC balances often precede major Bitcoin rallies. Before this current trend, the last time a similar decline was observed was prior to the 2020-2021 bull run, which saw Bitcoin surge to new all-time highs. If the same pattern holds, this could be an early signal of an upcoming price breakout. They are private trading platforms that facilitate large cryptocurrency transactions outside of public exchanges. OTC desks allow institutional investors, high-net-worth individuals, and whales to buy or sell crypto without considerably impacting market prices. Instead of placing a large buy or sell order on a regular exchange, a trader can use an OTC desk to negotiate directly with a counterparty or a liquidity provider. The trade happens off-exchange and is often executed at a pre-agreed price. One of the main reasons OTC desks are important is because large trades on public exchanges can cause price slippage , while OTC desks allow for fixed pricing, cutting down this risk. The decline in OTC desk balances is a strong signal that Bitcoin’s supply is tightening, which has historically been bullish for price action. Related: Bitcoin’s Future: Analyzing the Impact of Government-Held BTC However, it’s essential to monitor other indicators like exchange reserves, on-chain data, and broader macroeconomic trends to confirm whether this is the beginning of another bull cycle. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

KULR acquires another 100 bitcoin for $10 million as its total holdings reach 610 BTC

ETH is on the verge of a potential short-term reversal as the cryptocurrency currently trades at $2,700.01, up 2% in the past day. According to noted crypto analyst Ali Martinez, deep-pocketed investors, known as whales, have been snapping up huge amounts of ETH, capitalizing on the recent crypto market downturn. This could mean a reversal is in the works. Martinez pointed out in a post on X (formerly Twitter) that there’s been a significant increase in Ethereum “mega-whales” (those holding 10,000 ETH or more). Between February 1st and 9th, the number of these addresses jumped from 941 to 963 – a 2.30% rise. Historically, when this kind of buying happens during a price slump, it’s often a sign that whales are confident the price will bounce back Adding more credence, blockchain sleuths at Lookonchain revealed in a separate X post that over 121,512 ETH (worth around $323.4 million) flew out of major exchanges like Binance and Bitfinex, heading to just two whale wallets. Related: BTC Could Easily Reach $150K As OTC Supply Nears Depletion – Analyst One whale, identified as “0xb99a…BcF5,” pulled out 56,909 ETH ($151.6 million) from Binance earlier today. Meanwhile, another massive wallet, “0xEd0C…4312,” withdrew a hefty 64,603 ETH ($171.8 million) from both Binance and Bitfinex over the past couple of days. This kind of exodus from exchanges usually suggests these whales aren’t planning to sell anytime soon; instead, they’re likely stockpiling for the long haul, which takes away selling pressure in the short term. The daily chart from TradingView confirms that ETH hasn’t been a star performer this cycle, but it just might be on the cusp of a bullish surge. The Relative Strength Index (RSI) is currently at 35.82, suggesting bearish territory. However, it’s worth noting the RSI dipped close to oversold levels recently, which often precedes a rebound. Looking at the MACD indicator, it still paints a bearish picture, with the signal line (red) lingering above the MACD line (blue), indicating the downtrend is losing steam but hasn’t completely reversed. Related: Bitcoin ‘Diamond Hands’? BTC Holds $97K as Whales Dump at 3AC Levels The MACD histogram is also bearish, but the bars are getting shorter, hinting at a growing possibility of a bullish divergence – a potential early sign of a trend change. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

FOX reporter Eleanor Terrett recently took to her X account to highlight a shift in the Federal Reserve’s approach to cryptocurrencies. According to Terrett, a pair of speeches delivered on February 7 by Republican Federal Reserve Governors Michelle Bowman and Christopher Waller signaled a more open stance toward digital assets and their role in the financial system. Related: Federal Reserve Explores Ripple’s RLUSD Stablecoin for FedNow Payment System In their speeches, Bowman and Waller stressed the need for clear and reasonable regulation that encouraged financial innovation instead of stifling it. Bowman pointed out that past regulatory approaches, like excessive de-risking, proved impractical for new technologies including crypto. She stated that the Federal Reserve’s regulatory structure should seek a balance between ensuring financial stability and encouraging innovation. Bowman also cautioned that excessive focus on safety could harm long-term innovation within the banking system, which is needed to support new technologies like cryptocurrencies. Additionally, Waller focused on the possibility of stablecoins to strengthen the U.S. dollar and its position as the world’s reserve currency. He pointed out that when supported by legal regulation, stablecoins could broaden the dollar’s reach and boost America’s global financial dominance. In addition to discussing regulatory approaches, Bowman highlighted the risks of using “soft supervision” to deter new technologies from entering the market. She argued that such methods would not work in the long term and could hinder efforts to address the needs of underbanked populations. Instead, she called for policies that promote innovation while maintaining the safety and solidity of the financial system. Both governors discussed the need for banking policies that support underserved communities. Bowman stressed that financial regulation should not exclude legitimate businesses and customers, including those involved in crypto and fintech. Bowman and Waller’s speeches came at a time when their views could have influenced the future direction of the Federal Reserve’s approach to digital assets. Related: Fed Rate Cut: Dividend ETFs and Crypto See Massive Inflows Terrett pointed out that both governors were likely candidates for the position of vice chair for supervision, which oversees how the Federal Reserve interacts with banks and crypto companies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.