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Michael Saylor Signals Another Bitcoin Buy Amid Market Rout

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Crypto Breaking News

Strategy, the Bitcoin treasury vehicle co-founded by Michael Saylor, extended its unbroken buying streak to week 12 as the broader crypto market faced renewed volatility. The company has kept up a publicly visible accumulation cadence, signaling a long-term conviction in Bitcoin as a treasury reserve. The latest activity underscores a pattern that has drawn attention across crypto markets, with Saylor using the firm’s accumulation chart on X to communicate pace and scale. The most recent purchase, executed in early February, adds to a balance sheet that already ranks among the largest publicly disclosed BTC reserves. Taken together, Strategy’s holdings have surged to a substantial level, with the firm noting its forthcoming 99th BTC transaction in public messaging, a milestone that has become a hallmark of the strategy’s capital deployment.

Bitcoin (CRYPTO: BTC) has weathered a bear market that began in 2022, and Strategy’s approach has remained steadfast through periods of drawdown. The company’s last publicly disclosed BTC purchase occurred on Feb. 9, when it acquired 1,142 BTC for more than $90 million. That trade lifted Strategy’s total BTC holdings to 714,644 coins, a sizable stake by any measure, with a reported market value in the vicinity of $49.3 billion based on prevailing prices at the time of publication. The accumulation pattern is publicly traceable through Saylor’s social posts and the company’s historical buy chart, which has become a proxy for the pace of Strategy’s purchases and its longer-term thesis around Bitcoin’s role in corporate treasuries. A visual history of these purchases is maintained at SaylorTracker, which aggregates the company’s transaction timeline.

The broader crypto sector, by contrast, has faced notable headwinds. An October flash crash sent BTC tumbling from its peak, along with a wave of selling that left investors wary. The selloff rekindled questions about liquidity, risk appetite, and the ability of large treasury-like entities to weather downturns. In this context, Strategy’s ongoing accumulation stands out as a counterpoint to headlines of market distress. The firm’s trajectory also intersects with debates about the sustainability of crypto treasury models, particularly as some market participants questioned whether large holders would pause or reverse acquisitions during adverse conditions.

Even as it presses forward, Strategy has not been immune to the sector’s broader strains. Earlier this month, the company disclosed a quarterly loss that contrasted with the heavy emphasis on reserve accumulation. The reported Q4 loss of $12.4 billion weighed on the stock, which traded around the mid-$130s after a period of volatility. In the background, traders and analysts watched for how the company would navigate financing and liquidity needs amid broader mNAV dynamics—the premium to net asset value that defines access to capital for crypto treasuries. By September 2025, the standard-bearer peers in the sector had reported mNAV readings below 1 in several cases, signaling heightened scrutiny of balance-sheet backing for crypto holdings. Strategy’s own mNAV movements have mirrored those dynamics, with reported readings dipping toward parity or below, underscoring the financing challenges that accompany a large BTC reserve.

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Against this backdrop, Strategy’s strategy of disciplined accumulation continues to attract attention from investors and market observers who view Bitcoin as a long-duration asset class within a corporate treasury context. The company’s public timeline—the ongoing chart that has become a de facto barometer for its buying pace—offers a rare window into how one of the sector’s largest holders approaches accumulation on a sustained basis. The narrative remains particularly compelling given the scale: with more than 700,000 BTC under management, Strategy sits at a level that few corporate treasuries have publicly matched. The company’s public disclosures and the accompanying market commentary from Saylor and his supporters contribute to a broader debate about whether large, disciplined buyers can alter price dynamics or shape sentiment in a fragmented market.

Why it matters

The persistence of Strategy’s BTC purchases matters for multiple reasons. First, it demonstrates a long-term, conviction-driven approach to reserve management that diverges from the more reactive trading styles seen in other crypto market participants. By maintaining weekly or near-weekly additions, the firm effectively reduces the impact of short-term volatility on its decision-making, signaling a belief that Bitcoin can serve as a store of value and a growth driver for its balance sheet over time.

Second, the scale of Strategy’s holdings—together with the accompanying price signals from public buys—has implications for market structure and liquidity. While a single treasury buyer cannot dictate macro prices, a reserve of this magnitude contributes to market depth and acts as a counterbalance to episodes of panic selling. The ongoing accumulation thus interacts with investor sentiment, potentially supporting a slower, steadier price path rather than abrupt, large swings driven by speculative flows alone. This dynamic matters to traders, funds, and other corporations weighing their own treasury strategies in a sector characterized by volatility and evolving regulatory scrutiny.

Third, the broader mNAV narrative—highlighting how the market values crypto treasuries relative to their holdings—frames a conversation about access to financing and growth potential within the space. When mNAV readings stay under 1, financing becomes more expensive and equity issuance can become constrained, which in turn can influence future purchasing capacity. The sector’s health—reflected in earnings, balance-sheet metrics, and regulatory signals—must be weighed alongside performance and market cycles. Strategy’s experience, including its latest quarterly loss and the subsequent price movement, underscores that even a high-conviction accumulator is not immune to macro-driven stress or uneven investor appetite for risk assets.

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What to watch next

  • Strategy’s next BTC purchase and whether the company will confirm a new tranche on its public chart.
  • Updates on the 99th BTC transaction and any changes to the accumulation cadence communicated by Saylor or Strategy executives.
  • Monitoring mNAV movements across Strategy and peer treasuries to gauge financing conditions and potential impacts on future purchases.
  • Reactions to Strategy’s Q4 results, including any strategic pivots, cost-management steps, or capital deployment plans disclosed in forthcoming statements.
  • Regulatory developments and macro factors that could influence corporate treasury activity in crypto markets.

Sources & verification

  • Strategy’s February 9 BTC acquisition: 1,142 BTC for more than $90 million, bringing total holdings to 714,644 BTC.
  • Saylor’s accumulation chart posted on X, signaling ongoing purchases and the plan for the 99th BTC transaction.
  • SaylorTracker chart history documenting Strategy’s Bitcoin purchases.
  • Strategy’s Q4 reported loss of $12.4 billion and related market reaction, including the stock price movement.
  • mNAV discussions and Standard Chartered Bank references to mNAV dynamics within the crypto-treasury sector.

Market reaction and key details

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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XRP Price Prediction: XRP Could Soon Become a State Treasury Asset

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XRP price trades at $1.28, down by 4.5% in today, with crypto sentiment at extreme fear and a single bearish prediction hitting the market.

Arizona is moving to make XRP a state treasury asset. XRP price itself trades at $1.28, down by 4.5% in today, with crypto sentiment at extreme fear and a single bearish prediction hitting the market. The bill that could change everything is closer to a full House vote than most traders realize.

Arizona’s SB1649 would create a Digital Assets Strategic Reserve Fund, placing confiscated, surrendered, or state-held digital assets under the state treasurer’s direct control. XRP is explicitly named alongside Bitcoin, stablecoins, and a handful of altcoins.

XRP price trades at $1.28, down by 4.5% in today, with crypto sentiment at extreme fear and a single bearish prediction hitting the market.

The measure cleared the House Rules Committee 8-0 on March 30, moving it to a full chamber vote. Critically, the bill allows the treasurer to earn additional returns through staking, airdrops, or limited lending, meaning XRP’s utility as a yield-bearing reserve asset is already baked into the legislative language.

The macro backdrop is ugly right now, but Ripple’s accelerating institutional legitimacy keeps long-term bulls engaged. Whether this bill passes or not, the precedent it sets for state-level crypto adoption is hard to ignore.

Discover: The best crypto to diversify your portfolio with

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XRP Price Prediction: $2 Before Arizona’s House Vote?

XRP is consolidating under pressure. At under $1.30, the asset is trading below its 50-day SMA of $1.44, with RSI sitting at a neutral-to-bearish 43, not yet oversold, but lacking momentum. For holders, these are the key levels to watch. Support is at $1.25, and the strongest is at $1.23. Resistance sits at $1.33–$1.34, with $1.40 the line that needs to break for any meaningful recovery.

XRP price trades at $1.28, down by 4.5% in today, with crypto sentiment at extreme fear and a single bearish prediction hitting the market.
XRP USD, TradingView

In a good scenario, the Arizona House passes SB1649, ETF approval odds crystallize into a confirmed timeline, and XRP reclaims $1.42, opening a path toward the $2.10 upper bound analysts cite for 2026.

But if $1.25 fails, macro pressure deepens, and XRP retests sub-$1.20 territory. One TradingView analyst has identified a forming bull flag, parabolic if confirmed, painful if it resolves downward.

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Maxi Doge Eyes Early-Mover Upside as XRP Tests Key Support

XRP’s 6% weekly decline is a reminder that even fundamentally strong assets bleed in risk-off environments. For traders unwilling to wait out a potentially extended consolidation at this market cap, early-stage presales offer a different risk profile, higher volatility, but asymmetric upside that a $80B asset simply can’t replicate.

Maxi Doge ($MAXI) is an ERC-20 meme token built around a 240-lb canine mascot and a unapologetically aggressive trading culture. The presale has raised $4,7 million at a current price of $0.0002811, with staking at 66% APY in rewards for early holders.

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Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and meme-first marketing built for viral distribution. The risk-off market environment is actively pushing attention toward presale-stage projects like this one.

Research Maxi Doge before the presale window closes.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always do your own research before investing.

The post XRP Price Prediction: XRP Could Soon Become a State Treasury Asset appeared first on Cryptonews.

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Memecoin figure loses $60M trading mostly SPX6900, not selling

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Crypto Breaking News

Murad Mahmudov, the crypto trader widely known online as the “Memecoin Messiah,” has endured a brutal nine-month stretch, wiping almost $60 million from his bets. Yet he remains bullish on SPX6900, a memecoin that aspires to outpace the S&P 500 and redefine memecoin economics.

Key takeaways:

  • Mahmudov argues SPX6900 could grow the market cap of the token to $1 trillion—from roughly $250 million today—an extraordinary, 400,000% rise.
  • On the technical front, SPX6900’s three-day chart points to a potential further decline of about 20% in the coming weeks.
  • Public portfolio data shows a heavy concentration in SPX6900, with the Muststopmurad wallet holding about 29.964 million SPX (roughly $7.8 million), about 96% of the publicly tracked portfolio value.
  • Despite steep losses, there have been no meaningful sales of SPX6900 or other major positions, according to DropsTab, suggesting the trader has not yet realized losses beyond the unrealized figure.
  • The broader memecoin sector remains battered, with a large share of projects inactive and exit liquidity in some names showing limited real trading activity.

SPX6900 on a bold trajectory, or a fragile setup?

In a post circulated on X, Mahmudov asserted that SPX6900, a memecoin’s bid to overtake the S&P 500 in market presence, could surge to a $1 trillion market capitalization from its current roughly $250 million valuation—a jump of about 400,000%. The claim frames SPX6900 as a long-term bet on a narrative shift within the memecoin space, one that hinges on mass adoption and liquidity enhancements to propel a token past a traditional stock index in perceived value.

By contrast, the marketplace for memecoins has faced a brutal environment. SPX and other memecoins have tracked a broader retreat in the sector, with prices and on-chain liquidity deteriorating as traders reassess risk capital. Bitcoin remains the sole cryptocurrency to have reached a $1 trillion market cap in historical precedent, underscoring how extraordinary such a SPX6900 thesis would be in ordinary market conditions.

Concentration risk and unrealized losses

Public wallet analytics place Mahmudov’s SPX6900 exposure at the core of his tracked holdings. Arkham Intelligence flags the trader’s wallets under the entity “Muststopmurad,” and current data show approximately 29.964 million SPX held—valued at about $7.79 million. This single line item accounts for roughly 96% of the total tracked portfolio, estimated near $8.1 million.

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The magnitude of the drawdown is stark. At a peak in July of the previous year, the same holdings carried an implied value of around $67 million. The ensuing correction has produced an unrealized loss near $60 million as the memecoin sector retraced more than 80% from its highs. The heavy tilt toward SPX6900 illustrates a classic high-conviction, high-risk position where outsized gains are possible but gains can evaporate rapidly in a sentiment-driven market.

Despite the paper losses, Mahmudov’s on-chain footprint shows no clear exit from these bets. DropsTab, a portfolio-tracking service that aggregates public wallets, indicates no material sales of SPX6900 or his other major positions. The platform records realized profits and losses on the tracked holdings as zero, suggesting the decline has come largely from price moves rather than realized dispositions. The portfolio, by this accounting, still shows more than $6.22 million in unrealized gains across its positions, indicating a complex mix of upside exposure that the trader has not yet cashed in—or chosen not to crystallize.

Exit liquidity and the broader memecoin backdrop

The memory-heavy, supply-sensitive dynamics of memecoins are also reflected in on-chain liquidity metrics. Market data show that several memecoin names—such as RETARDMAXX, HONK, and CHAD—struggle to attract meaningful liquidity. On Solana-based pairs, RETARDMAXX displayed around $44,000 in liquidity with only six transactions and modest daily volume, while CHAD showed roughly $842 in liquidity with no trades or new makers recorded in the same window. HONK’s pair registered just $1 in liquidity and no activity, underscoring the fragility of exit liquidity for some of these tokens in stressed markets.

Such liquidity gaps matter for holders who may wish to monetize losses or trim risk, particularly when a narrative previously supported by hype but now confronted with waning enthusiasm. In a market where a majority of new tokens fail to find steady demand, the ability to realize gains—or even limit losses—depends on the existence of durable liquidity pools and active buyers. CoinGecko’s January tracking highlighted the fragility of the broader memecoin set, reporting that 53.2% of all cryptocurrencies tracked since 2021 were inactive, with 11.6 million token failures recorded in 2025 alone that disproportionately affected memecoins. This backdrop helps explain why even sizable unrealized gains on a single position may struggle to translate into liquidity if the market lacks buyers willing to step in at meaningful levels.

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Technical setup: a potential continuation of downside in SPX6900

From a chart perspective, the SPX6900 price action on a three-day horizon appears to be breaking down from a rising wedge pattern. A breakdown beneath support near the $0.26 level has already been triggered, with the price trading below the 20-, 50-, and 100-period exponential moving averages, a configuration that often signals a continuation of the downtrend in the near term. If the pattern plays out as the setup suggests, a measured move could take SPX6900 toward the $0.205 area—roughly 20% below current levels. Such a move would have implications for Mahmudov’s portfolio, potentially shaving another $1.5 million or more from the SPX stake, depending on the token’s price action and any accompanying shifts in liquidity.

Beyond the mechanics of the chart, the risk for concentrated memecoin bets remains structural. The memecoin sector’s volatility has historically outpaced broader crypto markets, with narrative-coupled demand driving extreme swings in both directions. For Mahmudov, the question is whether the SPX6900 thesis can withstand a test of time and liquidity, or if the current trend portends further writedowns before a credible inflection—if one ever arrives—materializes.

As of now, Mahmudov’s public posture suggests a patience-based stance rather than a willingness to harvest losses. The combination of a grandiose market-cap target, a highly concentrated position, and a market environment that has punished many memecoins for thin liquidity presents a case study in risk management rather than conventional investing wisdom. For observers, the ongoing question is whether SPX6900 can deliver on its promised scale or if the token’s path will remain a cautionary tale about the limits of meme-driven valuation in a crowded, unforgiving market.

What to watch next: productizing a memecoin’s ascent into mainstream liquidity remains the central hurdle. If SPX6900 can attract meaningful exchange listings, deeper liquidity, and broader investor interest, the thesis could gain traction. If not, the focus will shift to risk controls around highly concentrated portfolios and the practicalities of exiting positions in a market where exit liquidity is uneven at best.

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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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SoFi Rolls Out Institutional Platform Combining Fiat and Crypto Rails

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Coinbase, Banks, Ripple, BitGo, United States, Sofi

Digital banking platform SoFi Technologies has launched Big Business Banking, a platform that allows companies to manage fiat and crypto transactions within a single regulated system.

According to Thursday’s announcement, the offering enables companies to hold deposits, move funds and settle transactions around the clock using either traditional currencies or digital assets, consolidating functions that have typically been split across banks, custodians and crypto service providers.

It also introduces support for issuing and redeeming the company’s stablecoin, SoFiUSD, allowing businesses to convert between fiat and onchain assets while keeping reserves within a regulated banking environment.

The rollout includes participation from companies such as Cumberland, BitGo, Bullish, B2C2, Fireblocks, Wintermute, Jupiter, Galaxy, Mesh Payments and Mastercard, reflecting early demand from trading, payments and infrastructure providers.

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SoFi said the system is expected to connect with blockchain networks, including Solana, to support onchain settlement.

The move comes as the bank has been pushing deeper into digital assets. In June, SoFi resumed crypto trading, enabling users to buy, sell and hold digital assets, and expanded blockchain-based remittance services to more than 30 countries. 

In December, it launched SoFiUSD, a fully reserved dollar-backed stablecoin issued by its banking subsidiary, redeemable on demand and initially deployed on Ethereum.

Related: Standard Chartered says faster stablecoin turnover could curb demand

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Crypto companies build digital asset infrastructure for institutions

While SoFi is expanding from the banking side, crypto-native companies are building similar infrastructure to integrate digital assets into institutional systems.

In March, crypto infrastructure platform BitGo launched a financing platform that enables institutions to borrow and lend against liquid, staked and locked assets within a single custody account.

In January, Fireblocks acquired crypto accounting platform TRES for $130 million, adding tax and compliance capabilities as institutions seek audit-ready reporting for digital asset operations.

Coinbase, Banks, Ripple, BitGo, United States, Sofi
Source: Fireblocks

This week, Ripple added digital asset capabilities to its treasury platform, enabling companies to manage crypto and fiat balances in one system.

Beyond expanding services for institutional clients, several platforms are also pursuing US banking licenses. On Wednesday, crypto exchange EDX Markets applied to the Office of the Comptroller of the Currency to establish a national trust bank, aiming to separate custody and settlement from trading through a non-depository entity called EDX Trust.

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Earlier this month, Zerohash applied for a national trust bank charter to expand its stablecoin and custody services, joining applicants including Coinbase, Laser Digital and Payoneer as companies seek regulatory approval to offer integrated crypto financial services.

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