Crypto World
Novo Nordisk (NVO) Stock Drops as Legal War Erupts Over $49 Wegovy Knockoff
TLDR
- Novo Nordisk shares fell 7% Thursday when Hims & Hers introduced a $49 compounded Wegovy pill, compared to Novo’s $149 branded version
- The Danish pharmaceutical company plans legal action, labeling the product “illegal mass compounding” that threatens patient safety
- Eli Lilly stock also declined 7% as investors worried about increased market competition for weight loss medications
- Hims & Hers argues its compounded version is legal as a “personalized” treatment with different formulation, despite semaglutide patents running through 2032
- Novo’s stock has crashed 50% in 2025 and dropped another 15% in 2026 following guidance predicting sales declines between 5% and 13%
Novo Nordisk experienced a 7% stock decline Thursday following Hims & Hers’ announcement of a $49 compounded Wegovy weight loss pill. The Danish drugmaker swiftly responded with plans for legal action.
The telehealth platform priced its alternative at $49 for the initial month and $99 monthly thereafter with a five-month plan. This represents a substantial discount from Novo’s $149 branded pill price.
Eli Lilly shares tumbled 7% alongside Novo on competitive concerns. Hims stock briefly rallied before retreating after legal threats emerged.
Novo condemned the launch as “illegal mass compounding that poses a risk to patient safety.” The company vowed to pursue legal and regulatory measures to protect its patents and the drug approval process.
“This is another example of Hims & Hers’ historic behaviour of duping the American public with knock-off GLP-1 products,” the company stated. The FDA previously cautioned Hims regarding deceptive GLP-1 product advertising.
Compounding Controversy
Semaglutide maintains U.S. patent protection through 2032. Hims contends its version qualifies as legal personalized compounding.
The company states its compounded product employs a different formulation and delivery mechanism than FDA-approved oral semaglutide. Hims previously sold compounded injectable semaglutide and now offers pills.
Novo produces Wegovy pills using specialized SNAC technology to facilitate oral absorption. The effectiveness of Hims’ alternative formulation remains uncertain.
The two companies briefly collaborated in 2025 on discounted weight loss shots. Novo severed the partnership within two months, accusing Hims of “deceptive” marketing.
Novo Faces Headwinds
The dispute intensifies pressure on Novo Nordisk during a challenging stretch. Shares plummeted nearly 50% throughout 2025, marking the company’s worst annual performance.
The stock has dropped an additional 15% in 2026 year-to-date. Investors question Novo’s capacity to maintain revenue growth against strengthening competition.
Novo forecasted last week that 2026 sales and profits would fall 5% to 13%. The company cited U.S. pricing challenges and patent expiration in markets including Canada and China.
CEO Mike Doustdar noted 170,000 patients started taking Wegovy pills since the January rollout. He framed the pessimistic outlook as temporary pain for future benefit.
“We are creating affordability for the patients, millions of patients that are right now in need of GLP-1 products, but simply could not afford it,” Doustdar explained.
Market Dynamics Shift
Eli Lilly plans to introduce its weight loss pill, orforglipron, in the first half of 2026 subject to FDA clearance. The company anticipates 25% sales growth this year, contrasting with Novo’s negative projection.
Leerink analyst Michael Cherny noted Hims should explore similar opportunities for upcoming weight loss medications as the market expands.
Eli Lilly did not provide comment on the Hims development. Novo launched its Wegovy pill in the United States during early January 2026.
Bitcoin Core developer Gloria Zhao has stepped down as a maintainer and revoked her Pretty Good Privacy (PGP) signing key, ending about six years as one of the project’s gatekeepers.
On Thursday, Zhao submitted her last pull request to the Bitcoin GitHub repository, removing her key from the trusted keys and withdrawing herself as one of the few maintainers able to update Bitcoin’s software.
Becoming the first known female maintainer in 2022, she focused on mempool policy and transaction relay: the rules and peer‑to‑peer logic that decide which transactions get into nodes’ waiting rooms and how quickly they propagate across the network.
She helped design and implement package relay (BIP 331) and TRUC (Topologically Restricted Until Confirmation, BIP 431), along with upgrades to replace‑by‑fee (RBF) and broader P2P behavior, making fee bumping more reliable and reducing censorship.
Zhao’s work was funded through Brink, where she became the organization’s first fellow in 2021, with her fellowship backed by the Human Rights Foundation’s Bitcoin Development Fund and Jack Dorsey’s Spiral (formerly Square Crypto), placing her among a small cohort of publicly supported, full‑time open‑source Bitcoin protocol engineers.
Beyond her technical contributions, Zhao mentored new contributors and co‑ran the Bitcoin Core PR Review Club, helping junior developers learn how to review complex changes and navigate Core’s conservative review culture.
Related: Bitcoin Core v30 bug risks fund loss during legacy wallet upgrades
Split over OP_RETURN and Knots
Her resignation comes after more than a year of public disputes between Bitcoin Core and Bitcoin Knots, and the removal of OP_RETURN limits, a fight over whether Bitcoin’s default node software should make it harder to use block space for non‑monetary data.
In 2025, Zhao deleted her X account amid personal attacks during the OP_RETURN war, after a livestream in which a core developer questioned her credentials.
While some Bitcoin Core critics celebrated Zhao’s departure, others took a more somber tone.
“They bullied her and made her life as miserable as possible until she rage quit, and quite frankly, I think what they did to her was tragic,” said pseudonymous Bitcoiner Pledditor.
Pledditor added that it set a “terrible precedent” and called it, “sad and pathetic.
“Congratulations you finally did it. You bullied one of Bitcoin Core’s most prolific and consistently excellent maintainers until she gave up,” said Chris Seedor, co-founder and CEO at Bitcoin wallet backup company Seedor.
Secure rails create sovereign value. For institutional investors sizing a white label crypto wallet for Georgia, the opportunity is not speculative theatre; it is infrastructure finance with measurable macro leverage. Georgia received roughly $3.1–3.5 billion in personal transfers and workers’ remittances in 2023, a material capital inflow that underwrites a clear payments use case for cheaper, programmable settlement. At the same time, Eastern Europe has emerged as one of the world’s most crypto-active regions on-chain, signaling strong product-market fit for wallet-led rails and DeFi-enabled services. Georgia’s National Bank has published a fintech strategy that privileges sandboxing, open APIs, and compliance-first innovation, creating a permissive regulatory runway for an enterprise-grade wallet that pairs MPC custody, HSM-backed keys, deterministic settlement, and embedded AML orchestration.
“Build the rails, capture the flow” This white paper begins with that premise and maps the technical blueprint investors should demand.
Why Is A Crypto Wallet A Strategic Tool for Georgia?
1. Financial resilience:a trusted onshore wallet provides a domestic rail that reduces reliance on correspondent banking and mitigates payment friction.
2. Remittance optimization: a purpose-built cryptocurrency wallet solution can reduce costs and settlement times for inward remittances, increasing net receipts to households and SMEs.
3. Tourism and commerce enablement:integrated stablecoin or multi-asset support lets merchants accept near-instant digital payments while avoiding FX and settlement delays.
4. Onshore compliance and transparency:a wallet operated under local licensure aligns customer protection, AML/CFT, and tax transparency with Georgian policy objectives.
5. Platform for programmable public goods: wallet-level APIs enable government and private sector pilots (digital identity, programmable social benefits, payroll rails) that require secure custody and traceability.
Where Does Georgia Stand Today on Web3?
Georgia is emerging as an active regional fintech hub, with rapid growth in its fintech community and constructive policy documents that explicitly recognize blockchain as infrastructure. The National Bank of Georgia has published supervisory and fintech strategy materials that prioritize innovation, regulatory alignment with international standards, and supervisory modernization. These documents indicate a government approach that favors measured integration of crypto into regulated financial plumbing rather than blanket prohibition.
Data-driven adoption signals show outsized crypto activity in several Eastern European countries, and independent industry studies repeatedly cite the region for elevated on-chain activity relative to population size. Practical evidence on the ground includes local fintech adoption, startup acceleration in Tbilisi, and merchant pilots accepting digital assets. At the macro level, remittances remain a meaningful part of Georgia’s foreign receipts, creating a clear use case for cheaper, faster rails.
Key takeaway for investors: The institutional environment is shifting from ambiguous to operational. Regulators are engaging, the fintech ecosystem is growing, and real-world commercial pilots are in motion. This makes a compliance-first, technically robust white label blockchain wallet app an investable infrastructure play rather than a speculative product.
Top Pain Points for Georgia Without a Trusted Web3 Crypto Wallet
1. Fragmented rails. Citizens and businesses juggle multiple foreign exchanges and offshore intermediaries, adding cost and settlement latency.
2. High remittance friction.Traditional remittances are relatively slow and expensive compared with blockchain-native settlement options, reducing household and SME liquidity.
3. Limited merchant integration.Local merchants lack a secure, standards-compliant way to accept and settle crypto receipts in local currency.
4. Regulatory uncertainty for service providers. Without a clear onshore VASP framework, market entrants face licensure risk, AML gaps, and enforcement ambiguity.
5. Custody and security exposure.Non-custodial and offshore solutions often shift operational and legal risk onto end users and local businesses.
6. Interoperability gaps between public sector services. (payments, benefits) and private fintech solutions.
However, these problems have a core solution, i.e, a customized mobile crypto wallet solution designed and deployed keeping the Georgia market challenges in mind.
How Does a White-Label Crypto Wallet Solve These Challenges?
- Licensed onshore hosting and KYC/KYB. White label cryptocurrency wallets can be deployed under local VASP regimes, bringing market access and regulatory predictability.
- Integrated remittance corridors. Native support for stablecoins and custody of fiat bridges reduces fee leakage and settlement time for cross-border receipts.
- Merchant SDKs and POS integrations. Turnkey merchant acceptance (web, POS, QR) converts tourist and retail flows into measurable, auditable revenue streams.
- Modular compliance stack. Built-in AML transaction monitoring, sanctions screening, and auditable audit trails make the product investable from day one.
- Custody options that match risk appetite: multi-party computation (MPC), hardware security modules (HSM), and optional self-custody flows give institutional-grade security and liquidity.
- Interoperability and APIs. Wallets that expose secure APIs allow government and enterprise integrations for payroll, benefits, and tax collection pilots.
What Should a White Label Crypto Wallet Designed for Georgia Look Like?
“Trust is not added to a wallet later. It is engineered into every line of code from the beginning.“
Every serious investor approaches infrastructure with a mental blueprint, not a blank canvas. When evaluating a Web3 crypto wallet development solution, the real question is not whether it works, but whether it is engineered to endure scale, scrutiny, and regulation. The most successful wallets are not built as products; they are built as financial infrastructure.
a) Security and Custody
- Cold wallet architecture with automated secure signing queues for large-value movements.
- Enterprise MPC-based key management, HSM-backed root keys, and threshold signing for operational resilience.
b) Compliance and Legal Readiness
- Native support for robust KYC/KYB flows, ongoing transaction monitoring, automated SAR/STR workflows, and sanctions lists.
- Audit logging and immutable reporting endpoints for regulator requests.
c) Payments and Settlement
- Multi-asset rails: native support for major stablecoins, Bitcoin, Ether, and fiat on/off ramps via licensed local liquidity partners.
- Merchant SDKs for web, native, and POS, and automatic settlement to local currency to minimize merchant FX risk.
d) Product and UX
- Tiered wallet models: basic consumer, custodial business, and institutional custody with separate controls and SLAs.
- Intuitive UX with explicit risk prompts, insurance disclosures, and one-tap merchant payment flows to drive adoption.
e) Integrations and Extensibility
- REST and gRPC APIs, Webhooks, and an SDK library for easy integration with banks, exchanges, and government systems.
- Smart contract wallet support for programmable payments, streaming payroll, and tokenized instruments.
f) Operational Excellence
- 24/7 SOC and incident response, high-availability cloud footprint with regional fallbacks, and DR plans.
- SLAs for uptime, settlement latency, and support response for enterprise customers.
g) Analytics and Monetization
- Real-time dashboards with AUM, flows by corridor, merchant volume, and cohort retention metrics to make the business investable.
- Built-in revenue features: interchange-style fees, settlement spreads, subscription tiers, and B2B integration fees.
Move From Concept to Launch-Ready & Customized Wallet Faster
Recommended White Label Cryptocurrency Wallet Design Choices
- Hybrid custody model: non-custodial options for privacy-conscious users + custodial (tiered KYC) accounts for public programs.
- Multi-asset (fiat + stablecoins + local CBDC readiness): support fast settlement and low volatility channels.
- Integrated fiat on/off ramps with regulated partners (VASPs) so users can move between GEL and crypto seamlessly.
- Verifiable credentials / eID integration: tie wallets to government digital ID to simplify KYC and service access.
- Auditable transaction logs & privacy layers: transparent where required (public programs) and private where needed (personal payments), with selective disclosure.
- Smart-contract modules for conditional disbursements (e.g., social benefits released on verified criteria).
- Low-fee micropayment support & batching to reduce on-chain costs.
- Offline/QR code transfer and agent networks for rural inclusion.
- Open APIs for third-party services (utilities, remittance providers, merchants).
To achieve this level of resilience and institutional readiness, you do not need a wish list. You need a proven, end-to-end crypto wallet service provider that translates financial controls, security primitives, and regulatory requirements into production-grade engineering. Engaging an expert development and compliance team converts technical complexity into a predictable, auditable infrastructure that earns regulatory signoff, merchant adoption, and investor confidence.
Antier’s A-Z Wallet Development Support to Launch Smartly in Georgia
There are numerous reasons why Antier is an ideal cryptocurrency wallet development company you would hire. The most important reason is that it offers end-to-end services right from the start to the end.
- End-to-end product delivery: Antier takes a turnkey approach from scoping and compliance design to engineering and post-launch operations. The offer includes product strategy, UI/UX, smart contract engineering, backend custody architecture, and API design. Antier designs the compliance layer to local licensure specifications and implements AML/KYC workflows that can be adapted as regulation evolves.
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Regulatory liaison and legal scaffolding:Antier’s legal operations team maps local VASP requirements and prepares licensing-ready documentation, AML policies, and technical controls that regulators expect. This removes friction and accelerates time-to-market for an onshore operation.
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Security and operations:Antier implements MPC custody, HSM integrations, and layered monitoring. Post-launch, Antier offers 24/7 SOC, SRE-led uptime guarantees, and incident playbooks so investors do not inherit operational gaps.
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Commercialization and integrations:Antier provides merchant SDKs, POS integrations, and stablecoin corridor negotiations so the wallet starts with revenue-generating flows. Antier can also support pilot programs for remittances, tourism payments, and enterprise payroll to demonstrate traction rapidly.
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Investor-friendly deliverables:A clear product roadmap, investor dashboards with KPIs, compliance attestations, and a tested incident response process make the wallet a defensible infrastructure asset for institutional portfolios.
Hire To Achieve a Production-Ready Wallet Today!
For serious investors, white label cryptocurrency wallet development in Georgia is a capital-efficient infrastructure play that aligns with national fintech priorities, remittance economics, and merchant modernization. The market signals are clear: regulators are preparing frameworks that reward compliance-first entrants, the fintech ecosystem is capable of driving adoption, and on-the-ground commercial pilots prove the product-market fit. The right technical architecture, combined with a proven compliance and operations partner, turns regulatory and operational risk into a sustainable moat.
Connect with our team today. Being one of the leading blockchain wallet development companies, we bring the legal expertise, technical depth, and operational discipline necessary to deploy an enterprise-grade wallet in Georgia. We design custody that institutional investors accept, compliance that local regulators approve, and product features that drive merchant and consumer adoption. If you are evaluating infrastructure plays in Web3, a licensed, secure, and commercially integrated Web3 wallet built to these specifications should be at the top of your diligence pipeline. m
Frequently Asked Questions
01. Why is a crypto wallet considered a strategic tool for Georgia?
A crypto wallet enhances financial resilience, optimizes remittances, enables tourism and commerce, ensures onshore compliance, and serves as a platform for programmable public goods.
02. How does Georgia’s fintech strategy support the development of crypto wallets?
Georgia’s fintech strategy promotes sandboxing, open APIs, and compliance-first innovation, creating a favorable regulatory environment for enterprise-grade crypto wallets.
03. What is the significance of Georgia’s position in the Web3 landscape?
Georgia is emerging as a regional fintech hub with a growing community and supportive policies that recognize blockchain as essential infrastructure, fostering innovation and regulatory alignment.
Simon Gerovich, CEO of Metaplanet (3350), doubled down on the company’s bitcoin buying strategy even as shares in Asia’s largest publicly traded holder of the cryptocurrency fell.
In a Friday post on X, Gerovich said Metaplanet would “steadily continue to accumulate bitcoin, expand revenue and prepare for the next phase of growth.” He thanked shareholders who continued to back the company despite bitcoin’s downward trend: The largest cryptocurrency has lost more than 47% of its value since touching a record high in October and fell 14% on Thursday alone.
Metaplanet’s stock has struggled alongside bitcoin, ending the week at 340 yen ($2.16) after falling roughly 82% from a high of 1,930 yen in June. On Friday, the stock fell 5.6% following bitcoin’s slump after Asian trading hours the day before.
The Tokyo-based company’s “555 Million Plan” aims to reach 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. Its bitcoin holdings have climbed from 1,762 BTC at the end of 2024 to 35,102 BTC now, worth about $2.5 billion at current prices.
The investment is deep in the red, with an average acquisition cost of about $107,000 per bitcoin, according to its analytics page, and a current price of $66,270. The company has roughly $280 million in outstanding debt, according to the dashboard.
Globally, Metaplanet ranks as the fourth-largest publicly traded holder of bitcoin. Strategy Inc. (MSTR) ranks first with 713,502 BTC, MARA Holdings (MARA) is second with 53,250 BTC and Twenty One Capital (XX1) is third with 43,514 BTC, according to bitcointreasuries.net.
Metaplanet announced Jan. 29 that it planned to raise up to 21 billion yen to fund additional bitcoin purchases and pay down debt. It plans to raise the funds through the sale of 24.53 million new common shares at 499 yen each, along with stock warrants aimed at select investors.
As BNB’s sell-off intensifies, breaking below $750 under a bearish technical pattern, investors are questioning which crypto assets can deliver reliable growth. The declining retail interest and falling momentum in major exchange tokens shift focus toward new projects with tangible utility and strong early-stage momentum. In this climate, Mutuum Finance (MUTM) emerges as a strong answer for what crypto to buy, combining a low-entry presale with a feature-rich protocol ready for adoption.
BNB Faces Strong Bearish Pressure
BNB is experiencing significant downward momentum, trading 46% below its all-time high. A critical “Death Cross” pattern has formed on its chart, where short-term moving averages fall below long-term ones, signaling entrenched bearish sentiment. While developers are proposing new token standards for AI assets, these long-term initiatives do not address the current weak price structure and low retail trading volume. For investors seeking growth, this environment makes BNB a risky hold, pushing the search toward newer, more dynamic projects.
Mutuum Finance’s Presale Phase Offers High-Growth Entry
For investors deciding what crypto to buy for substantial returns, Mutuum Finance presents a clear opportunity. The project is in Phase 7 of its presale, with tokens priced at $0.04. Having already raised over $20.4 million from 18,970 holders, the presale is moving swiftly toward its next phase, where the price will rise to $0.045.
The launch price is set at $0.06, but analysis points to a rapid surge toward $0.30-$0.40 post-listing, a 7.5x to 10x gain from the current price. This projection is based on the token’s fixed supply of 4 billion coins and the high demand expected from top-tier exchange listings. A $1,000 investment now could see a potential rise to $7,500 in a short period, defining MUTM as a top crypto to buy for accelerated growth.
Testnet Demonstration Proves Real Functionality
Building confidence in its roadmap, Mutuum Finance has successfully launched its V1 protocol on the Sepolia testnet. This public demonstration allows users to interact with the core lending system, including depositing test assets, taking out loans, and observing the automated liquidation processes that maintain stability. The testnet confirms the protocol’s readiness and operational security, providing a transparent look at the platform’s mechanics before any real-world funds are involved. This step is crucial for a new project, transitioning it from concept to a verifiable product.
Fixed Supply and Strategic Allocation Create Scarcity
A key feature supporting MUTM’s value is its definitive tokenomics. The total supply is capped at 4 billion tokens, with 45% allocated to the presale. No new tokens will be minted, meaning all future circulating supply is already defined. This fixed scarcity contrasts with inflationary tokens and directly supports price appreciation as user adoption grows. For a potential buyer, this means early acquisition positions them before demand from a growing user base meets a limited available supply, a fundamental driver for value increase.
Community Incentives Drive Engagement and Reward
Beyond the protocol, Mutuum Finance actively rewards its community, fueling participation. A standout incentive is the $100,000 giveaway, where ten winners will each receive $10,000 in MUTM tokens.
Additionally, a dynamic 24-hour leaderboard awards a daily $500 MUTM bonus to the top contributor. These initiatives, combined with the planned use of protocol fees to buy back and distribute tokens, create multiple avenues for holders to gain additional value simply by participating in the ecosystem.
Positioning as the Strategic Investment Choice
While BNB struggles with market-wide sell-offs and complex development initiatives, Mutuum Finance offers a straightforward growth narrative. Its presale stage, proven testnet technology, scarce token supply, and direct reward mechanisms provide a cohesive case for rapid appreciation. For investors determining the best crypto to invest in during market uncertainty, MUTM represents a structured opportunity with the potential for significant short-term gains and sustainable long-term utility.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
TLDR
- Microsoft stock plunged 22% from all-time highs after January 28 earnings report revealed AI growth challenges
- Copilot adoption reached only 15 million licenses out of 400 million available Microsoft 365 seats
- Azure cloud revenue growth slowed to 39% from 40% previous quarter despite beating analyst expectations
- OpenAI represents $281 billion or 45% of Microsoft’s $625 billion order backlog creating concentration risk
- Stock trades at P/E ratio of 26.5, cheapest valuation in three years compared to Nasdaq-100’s 32.8 multiple
Microsoft stock has tumbled 22% from record highs following its fiscal Q2 2026 earnings release. Shares fell over 10% on January 28 alone as investors questioned the company’s AI momentum.
The stock closed at $393.58 on February 5, marking a sharp retreat from its $555 peak. Despite posting 16.7% revenue growth over the trailing twelve months, concerns about AI execution have spooked Wall Street.
Microsoft’s Copilot virtual assistant has struggled to penetrate enterprise markets. The company sold just 15 million Copilot licenses for Microsoft 365 out of 400 million total business licenses available.
That 3.7% adoption rate doubled from a year earlier but disappointed investors. Copilot integrates AI capabilities into Word, Excel, Outlook and other productivity applications.
The company found more success with developers. Paid Copilot subscriptions for software developers surged 77% from the prior quarter.
Healthcare showed promise too. Dragon Copilot now assists over 100,000 medical professionals and processed 21 million patient encounters in Q2, tripling year-over-year.
Azure Growth Rate Decelerates
Azure cloud platform revenue increased 39% year-over-year in the second quarter. The result beat Wall Street’s 37.1% forecast but slowed from 40% growth three months earlier.
Investors interpreted the deceleration as a warning sign. Azure provides critical infrastructure and AI development tools for businesses building applications.
Microsoft pointed to data center capacity shortages as a limiting factor. The company’s order backlog from customers waiting for infrastructure ballooned 110% year-over-year to $625 billion.
OpenAI Concentration Creates Vulnerability
A closer look at the backlog revealed troubling details. OpenAI alone accounts for $281 billion or 45% of total future commitments.
The AI startup lacks sufficient cash reserves to fund those orders immediately. OpenAI must depend on investor capital and revenue expansion to meet obligations.
Microsoft’s CFO disclosed this concentration during the earnings call. Shareholder lawsuits emerged in February 2026 alleging the company misled investors about OpenAI dependence.
Capital spending reached $37.5 billion in Q2 2026 as Microsoft invests heavily in AI infrastructure. Company-wide gross margins contracted despite revenue gains, pressuring profitability.
The More Personal Computing division declined 3% year-over-year. Gaming revenue fell 9% with Xbox content and services dropping 5%.
Microsoft currently trades at a price-to-earnings ratio of 26.5 based on trailing earnings of $15.98 per share. That represents the lowest valuation in three years.
The Nasdaq-100 trades at a 32.8 P/E multiple, making Microsoft cheaper than most tech peers. Analysts project fiscal 2027 earnings of $19.06 per share, implying a forward P/E of 22.4.
The company maintains robust cash generation with a 25.3% free cash flow margin and 46.7% operating margin. Microsoft’s market capitalization stands at $2.9 trillion as of February 5, 2026.
Key Insights
- Bitcoin whales sold over 81,000 BTC in eight days, adding strong supply pressure to the market.
- Large wallets now hold their lowest share of Bitcoin supply recorded in the past nine months.
- Retail wallets increased accumulation, reaching their highest Bitcoin supply share in 20 months.
Bitcoin continued its downward move as the broader cryptocurrency market faced renewed selling pressure. Total market capitalization declined by about 7.9% to $2.23 trillion, reflecting reduced risk appetite across digital assets. Bitcoin traded near $65,100 after briefly falling to $60,074, its lowest price level since October 2024.
Ethereum followed the same trend, falling close to 9% to around $1,913. The leading altcoins such as BNB, XRP, Solana, and Dogecoin also recorded losses of between 9 per cent to 14 per cent. The market evidence indicates internal supply forces but not one macroeconomic precipitator triggered the decline.
Large Holders Reduce Bitcoin Exposure
On-chain data from Santiment shows sustained selling by large Bitcoin holders. Wallets holding between 10 and 10,000 BTC reduced their holdings over recent weeks. These wallets now control about 68.04% of total Bitcoin supply, marking a nine-month low.
Over the last eight days, big holders sold about 81,000 BTC. This selling increased available supply during weaker demand sessions. As supply pressure grew, Bitcoin prices moved lower, testing levels not experienced in several months.
Large holders often adjust exposure during periods of uncertainty. Their actions tend to influence short-term price movements due to the volume involved.
Small Investors Increase Accumulation Despite Price Decline
Large wallets decreased holdings, but smaller investors kept on accumulating Bitcoin. The proportion of wallets that contained less than 0.01 BTC expanded their total supply to approximately 0.249.This value represents the highest level recorded in roughly 20 months.
The retail wallets dominate such a small part of the total supply, but their constant accumulation indicates that they are still involved at lower levels of prices. This trend shows that smaller investors were able to absorb some of the selling pressure that was generated by larger holders.
Supply Shifts Drive Market Volatility
The contrasting behavior between large and small holders continues to shape Bitcoin’s market structure. Similar patterns have appeared during extended corrective phases in past market cycles. Big sellers allocate supply and retail players slowly escalate exposure.
Until selling activity from large wallets declines and demand improves, Bitcoin may remain volatile. The trend in prices is expected to portray a continuing shift in supply allocation and not news flash.
Bitget, the world’s largest Universal Exchange (UEX), today announced the launch of the Bitget Fan Club, a new community initiative designed to bring users closer into the platform’s growth journey through structured participation, product collaboration, and content-driven engagement.
The Bitget Fan Club invites users from around the world to become officially recognized contributors to the Bitget ecosystem. Members, who will be known as Bitget Fans, will play an active role in shaping product experiences, sharing feedback, amplifying community initiatives, and supporting ecosystem development across markets.
Unlike traditional loyalty or referral programs, the Bitget Fan Club is built around a tiered participation model that rewards meaningful contributions over time. Members progress through levels by engaging with Bitget’s products, contributing ideas and content, participating in community discussions, and supporting broader ecosystem initiatives. As members advance, they unlock increased recognition, exclusive access, and opportunities to collaborate more closely with Bitget teams.
“The Bitget Fan Club reflects how we value community. Not as passive users, but as co-builders in our UEX vision,” said Gracy Chen, CEO of Bitget.
“As our platform expands across assets and regions, it’s important that we create pathways for our most engaged users to contribute, be recognized, and grow alongside us.”
Members of the Bitget Fan Club gain access to a range of evolving benefits, including official identity badges, token airdrops, product feedback channels, content and community support, early access opportunities, and invitations to online and offline Bitget events. Higher-tier members may also participate in community decision-making initiatives, product direction discussions, and official content collaborations.
The initiative is designed around transparency and fairness, with clearly defined progression criteria and regular reviews to ensure active participation and accountability. Full details on membership tiers, progression paths, and perks are available on the official Bitget Fan Club page.
By launching the Bitget Fan Club, Bitget continues to strengthen its community-first approach, building an ecosystem where users are empowered to influence products, culture, and the long-term evolution of the platform.
To find out more and apply to join the Bitget Fan Club, visit here. Users can also join the Telegram group here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
BeInCrypto has been named Best Crypto Publisher at The Crypto Awards 2025, Russia’s leading awards for cryptocurrency and blockchain technologies. The event recognized top projects across 24 categories with a festive ceremony, celebrating those making an impact on the Russian crypto market.
A special shoutout goes to Evgeniya Likhodey, Managing Editor at BeInCrypto Russia, whose leadership helped the editorial team deliver in-depth analyses and news coverage that resonate with professionals and everyday readers alike.
Sponsored
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Evgeniya shared her perspective on the award:
“I think this award has become a symbol of our commitment to covering crypto in Russia honestly and without embellishment. We’re not afraid to talk about challenges, because real progress only comes from addressing them directly. At the same time, we make a point of highlighting positive developments that move the industry forward. This recognition belongs to the entire editorial team, whose daily work and dedication make this possible, and to our readers, whose trust we truly value.”
Since 2018, BeInCrypto has grown into a world-leading crypto news platform, reaching over 7 million monthly readers in their own language. As a proud member of the Trust Project, BeInCrypto remains committed to reliable, trustworthy journalism, supporting readers with accurate and timely crypto news.
This award highlights our ongoing commitment to accurate, timely, and credible coverage, helping readers stay informed in a fast-moving crypto landscape.
See the full list of winners here: https://cryptoawards.ru/
On March 20, 2000, Strategy (formerly MicroStrategy) co-founder and then-CEO Michael Saylor lost $6 billion in one day — more money than any public company executive had ever previously lost in a single day.
He — and Strategy shareholders — lost even more yesterday.
Strategy opened for trading yesterday at a 52-week low after missing out on a $33 billion profit. Somehow, things got even worse by dinnertime.
By 5pm, Saylor’s company admitted to losing $42.93 per share of MSTR in diluted earnings within the final three months of 2025. The stock also declined another 20% to below $102 — incinerating another $7 billion in market capitalization within 24 hours.
With a share price of just $102, the company posted a $15.23 per share loss for the 2025 calendar year.
$6 billion in more missed profit
The bad news continued. The foregone $33 billion profit that it had missed out on by Wednesday night had turned into a $39 billion missed profit just 24 hours later.
Strategy’s ex-general counsel Shao Wei-Ming sold another 3,000 shares of MSTR. The company posted an operating loss of $17.4 billion for Q4 2025 — 16.4x higher than Q4 of the prior year.
Its net loss per common share on a diluted basis was $42.93, as mentioned above, which calculates to a year-over-year increase of 1,316% in the wrong direction.
Dilution of MSTR continues
Its capital-raising abilities showed continued reliance on common stock dilution — despite months of attempts by management to switch the mix toward preferred shares.
From October 1, 2025 through February 1, 2026, the company’s at-the-market share sales relied on MSTR dilution for 79%: $7.8 billion compared to just $1.6 billion from preferreds.
Worse, revenues from product licenses from the company’s actual operating business, enterprise software sales, plummeted 48% from $15.2 million in Q4 2024 to less than $7.8 million in Q4 2025.
Revenue lines labeled Product Support and Other Services also declined, with only Subscription Services posting a year-over-year increase. General and Administrative costs also ticked higher.
Read more: Michael Saylor doesn’t believe BTC is digital money
Dividend payments to preferred shareholders — which did not exist in 2024 — dragged another $381.3 million out of the company in 2025.
The company’s flagship series of preferred, Stretch, which is the top focus of the company’s “laser-eyed” devotion, closed trading yesterday 6.3% below its intended $100 price, despite paying an 11.25% dividend and running X ads to motivate demand.
The company’s bitcoin (BTC) yield, a measure of management’s ability to accrete BTC per share by operating a good business and avoiding MSTR dilution, has slowed to a crawl in 2026.
As of February 1, BTC yield for common shareholders is just 0.3% year-to-date, which compares with formerly impressive figures of 7.3% in 2022, 74.3% in 2023, and 22.8% in 2024.
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Ripple and XRPL contributors have outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger that aim to make the network viable for regulated financial activity, per a Thursday blog.
XRP’s utility as a settlement and bridge asset is being highlighted as central to that infrastructure, with usecases ranging from from forex and stablecoin rails to tokenized collateral and native lending markets.
The latest roadmap emphasizes features already live — such as multi-purpose token standards (MPT), permissioned domains with compliance tooling, credential-backed access and batch transactions — alongside upcoming releases that extend XRPL into credit markets and privacy-preserving workflows.
Unlike many smart contract chains that bolt on compliance after the fact, XRPL’s approach has been to embed identity and control primitives at the protocol layer.
Permissioned domains and credentials allow markets to gate participation by verified entities, a requirement institutions often cite as a barrier to onchain integration.
On the payments and FX side, XRP’s role as an auto-bridge between assets continues to be cited as a demand driver, with stablecoin corridors and remittance flows adding to onchain volume and fee activity. Token escrows and object reserves denominated in XRP further tie network usage back to the native asset.
Looking ahead, the introduction of XLS-65/66 — the XRPL lending protocol — is slated to offer pooled and underwritten credit on ledger without entirely offloading risk logic onchain.
Single asset vaults, fixed-term lending and optional permissioning tools are designed to feel familiar to institutional risk managers while operating in an onchain settlement context.
Privacy features like confidential transfers for MPTs, arriving in the first quarter, aim to satisfy enterprise and regulatory expectations around transaction-level anonymity and controlled disclosure.
Critics have long pointed to XRPL’s lack of EVM-style programmability as a hindrance. The new EVM sidechain — bridged via the Axelar network — is meant to address this by letting Solidity developers tap into XRPL liquidity and identity features while accessing familiar tooling.
XRP prices are down 22% over the past seven days, in line with a broader market drop.
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