Strategy Plans $2 Billion Private Offering to Acquire More Bitcoin
Bitcoin's price dipped below $94k, reflecting bearish sentiment and leading to liquidations exceeding $343 million, primarily affecting long traders. The total crypto market cap fell over 3% to approximately $3.25 trillion. Analyst Peter Brandt indicated that Bitcoin has faced strong resistance around $109k and may form a reversal pattern with a potential retest of the support level near $92k. A sustained breach could lead to a selloff towards $75k.
Strategy Plans to Increase Bitcoin Holdings
- Strategy (NASDAQ: MSTR) paused Bitcoin purchases last week, currently holding about 478,740 BTC.
- The company plans a private offering of $2 billion in convertible senior notes to bolster Bitcoin acquisitions amid market corrections.
- Proceeds will be used for corporate purposes, including Bitcoin acquisitions.
Seller Scientific Reports Strong Financials
- Seller Scientific Inc. (NASDAQ: SMLR) announced Q4 2024 results, closing the year with 2,298 BTC and acquiring an additional 894 BTC in early 2025.
- Current holdings stand at approximately 3,192 BTC, with a reported BTC yield of 107% for the fiscal year ending December 31.
- Market capitalization increased over 200% since launching its Bitcoin strategy in May 2024.
Institutional demand for Bitcoin remains robust, bolstered by clearer regulatory frameworks, enhancing confidence in Bitcoin as a long-term store of value. Analysts anticipate Bitcoin's price movement will align with gold's bullish trends, influencing the broader altcoin market.