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Bitcoin Holds Above $70K as Strategy Signals New Buy

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Crypto Breaking News

Key Takeaways

  • Strategy buys Bitcoin faster than miners produce new supply
  • Holdings near 800K BTC as accumulation pace sharply increases
  • $14.5B unrealized losses fail to slow aggressive buying strategy

Bitcoin traded near $71,800, maintaining strength above the $70,000 level for several days. Meanwhile, Michael Saylor indicated another acquisition cycle for Strategy. The signal followed a recent price pullback after highs above $73,000.

Strategy recently acquired 4,871 BTC, expanding its already dominant position in the market. Consequently, total holdings reached 766,970 BTC, valued at over $54 billion. The company continues to accumulate despite short-term price fluctuations and market uncertainty.

The firm now carries nearly $14.5 billion in unrealized losses based on recent filings. Its average acquisition cost stands at $75,644 per Bitcoin. Even so, the company maintains its long-term accumulation strategy without slowing purchases.

Bitcoin Supply Dynamics Shift as Strategy Outpaces Miners

Strategy’s buying pace now exceeds the rate of new Bitcoin production by miners. In March alone, the company accumulated 46,233 BTC. Meanwhile, global mining output produced approximately 16,200 BTC during the same period.

This imbalance highlights a tightening supply environment driven by institutional demand. As a result, analysts point to a potential supply squeeze in the market. The company’s actions amplify pressure on available circulating Bitcoin.

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At the same time, Strategy continues funding purchases through its preferred equity product. The structure allows ongoing capital inflows to support accumulation. Therefore, sustained demand depends on continued investor participation in these offerings.

Bitcoin Strategy Expands Holdings Despite Losses and Market Pressure

Strategy began accumulating Bitcoin in 2020 and has completed over 100 purchases. Its current reserve remains the largest among corporate holders. By comparison, other firms hold significantly smaller Bitcoin reserves.

Some companies have reduced exposure during the same period due to market pressure. For instance, MARA Holdings sold over 15,000 BTC to improve financial flexibility. This contrast highlights differing approaches within the sector.

Looking ahead, Strategy’s holdings may exceed 800,000 BTC if current trends continue. The company maintains a consistent buying pace despite volatility. As a result, its actions continue shaping Bitcoin’s broader market dynamics.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

StarkWare Cuts Jobs, Restructures Around Revenue Push

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StarkWare Cuts Jobs, Restructures Around Revenue Push

Zero-knowledge scaling company StarkWare is cutting jobs and restructuring its operations as it shifts from infrastructure development toward revenue-generating products. 

CEO Eli Ben-Sasson said in internal remarks that the firm will split into two business units and cut headcount to move faster and operate more efficiently, with one unit focused on applications and the other on Starknet development.

Ben-Sasson said the company would adopt a “startup mode” mindset, prioritizing fewer initiatives with higher revenue potential, while warning that downsizing would affect employees across the organization. StarkWare did not disclose how many employees would be affected by the cuts.

The move reflects a wider retrenchment across crypto firms, which have been trimming headcount and narrowing priorities as they chase clearer product-market fit, stronger monetization and leaner operations. Messari, Algorand Foundation and Crypto.com all announced cuts in March.

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Source: Eli Ben-Sasson

StarkWare says technical edge must translate into revenue

Ben-Sasson said StarkWare’s next phase would center on turning its technology into “meaningful revenue” and “meaningful usage,” arguing that the company could no longer rely mainly on external blockchains or third-party teams to prove the value of its stack.

Ben-Sasson said the company would focus on “fewer things excellently” and prioritize products with revenue potential that can be built only on its technological stack. 

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“We’re going to achieve this by innovating across not just infrastructure, as we’ve done so far, but across the whole stack of infrastructure and product,” he said. 

Crypto layoffs continue as firms tighten strategy

StarkWare’s cuts follow other recent layoffs across the crypto sector as firms narrow priorities and reshape operations. On March 17, Messari announced layoffs alongside a leadership change as the company moved deeper into artificial intelligence-powered research and data tools for institutions. 

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On March 19, the Algorand Foundation said it would cut 25% of its employees, citing macro uncertainty and the broader crypto downturn. The organization said the move was aimed at better aligning resources with its long-term business, technology and ecosystem priorities.

On the same day, Crypto.com also announced a 12% reduction of its workforce as part of a broader push into AI. The exchange said the layoffs were tied to company-wide AI integration and a decision to prioritize resources around key growth areas.

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