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Saylor hints at Strategy’s 101st Bitcoin purchase as price slips amid US-Iran tensions

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Strategy BTC accumulation chart.

Strategy may be gearing up for its 101st Bitcoin purchase, according to a cryptic post shared by co-founder Michael Saylor.

Summary

  • Michael Saylor has hinted at Strategy’s 101st Bitcoin purchase.
  • The company currently holds 720,737 BTC worth over $48.7 billion.
  • Bitcoin was trading near $67,500, below Strategy’s average purchase cost.

As is often the case with Saylor’s posts, he shared Strategy’s Bitcoin accumulation chart, which tracks the company’s purchases since it first began buying the asset in August 2020.

“The Second Century Begins,” he wrote on X.

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Strategy BTC accumulation chart.
Strategy BTC accumulation chart. Source: X/Saylor

Strategy currently holds 720,737 Bitcoin, valued at over $48.7 billion. The company’s last purchase was executed between Feb. 23 and March 1, during which it acquired 3,015 BTC at an average price of $67,700 per coin. This batch also marked the company’s 100th Bitcoin purchase.

In the meantime, Bitcoin price has struggled to remain steady above the $70,000 mark and has repeatedly lost this key psychological support area, which has now turned into a resistance level.

Tensions between the United States and Iran have become the latest trigger that has weighed on risk sentiment across crypto markets.

As of last check, Bitcoin price was hovering around $67,500, which places it below Strategy’s average purchase cost of approximately $75,992, according to data from Bitcoin Treasuries.

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Strategy’s basic NAV, which measures the value of its Bitcoin holdings relative to its market capitalization, was just below 1, which means the stock is currently trading at a discount to the value of its underlying BTC treasury.

Strategy shares closed on March 6 down roughly 4.5%, reflecting the caution among some investors as the company has continued funding its Bitcoin accumulation strategy through debt and equity financing.

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Peraso (PRSO) Stock Soars Over 100% on Defense Contract Win

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PRSO Stock Card

TLDR

  • Defense contractor InTACT from Israel has chosen Peraso’s 60 GHz millimeter-wave technology to power a military-grade drone Identification Friend or Foe (IFF) system.
  • The system enables military personnel on the ground to differentiate between friendly and hostile drones using mutual authentication protocols.
  • Peraso’s beamforming transceiver chips provide directional, low-power communications that are difficult to intercept or jam.
  • The collaboration between Peraso and InTACT has spanned more than two years, concentrating on tactical drone identification capabilities.
  • PRSO shares skyrocketed by as much as 115% during Friday’s trading session and continued climbing over 33% in Monday’s pre-market hours.

Peraso Inc. (PRSO) experienced an extraordinary trading session on Friday. The semiconductor manufacturer based in California witnessed its share price soar by as much as 115% during intraday trading following news that its 60 GHz millimeter-wave technology will be integrated into a military drone identification platform.

The agreement centers around InTACT, a defense contractor headquartered in Israel. InTACT has selected Peraso’s semiconductor technology as the foundation for its Identification Friend or Foe (IFF) drone system — a critical tool that enables armed forces to rapidly determine whether an approaching drone poses a threat or belongs to allied forces.

The collaboration between these two entities has been ongoing for more than 24 months. This latest announcement signals a significant milestone in their relationship, as the technology transitions toward real-world military applications.


PRSO Stock Card
Peraso Inc., PRSO

PRSO shares jumped over 96% during pre-market hours on Friday before the rally intensified to 115% intraday. The stock settled at a closing gain exceeding 86%. Monday’s pre-market session saw another surge of 33%.

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How the Technology Works

Peraso’s 60 GHz beamforming transceiver chips serve as the core hardware for InTACT’s IFF platform. These semiconductors establish a short-distance, highly directional wireless communication link between unmanned aerial vehicles and troops on the ground.

The directional characteristics of the signal are crucial. This design makes the communications extremely difficult to detect or disrupt in contested electronic warfare scenarios — precisely the environments where such systems are needed most.

Through mutual authentication protocols, ground-based units can verify in real time whether an approaching drone is part of friendly operations. In modern combat zones saturated with drone activity, this identification capability provides significant tactical advantages.

CEO Ron Glibbery characterized the technology as “designed to provide a secure, directional communications channel ideally suited for these environments.”

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Peraso’s Recent Business Performance

Peraso has shown signs of business momentum leading up to this defense contract announcement. During Q3 of fiscal year 2025 (concluded September 2025), the company reported revenue growth of 45% on a quarter-over-quarter basis, reaching $3.2 million.

This revenue increase was primarily fueled by record-breaking sales from millimeter wave products — the exact product category featured in this defense partnership.

Despite the sequential growth, total revenue for that quarter still declined 16% year-over-year, falling from $3.84 million in the comparable period.

For a micro-cap semiconductor firm, securing a design win in the defense industry can fundamentally alter investor perception of the company’s prospects. Commercial agreements typically don’t carry the same strategic weight as military deployment contracts.

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InTACT has not revealed the financial parameters of this partnership. Neither contract value nor revenue forecasts have been made public.

The company has confirmed that its beamforming transceiver technology is ready for production and has been officially selected as the hardware platform for InTACT’s system. A specific timeline for military deployment has not been announced.

As of Monday’s pre-market trading, PRSO was up more than 33% following Friday’s impressive 86% closing gain.

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Cardano Called the ‘Most Useless Network in Crypto’ as ADA Down 92% From ATH

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Cardano Called the 'Most Useless Network in Crypto' as ADA Down 92% From ATH


The analyst who made that claim also laid out the most important support levels for ADA going forward.

Popular crypto market observer and commentator Ali Martinez took it to X to criticize the popular blockchain network, Cardano, for its failure to deliver on many of its promises.

Given the project’s popularity, many of the comments below the post lashed out at his harsh words, but there were some that agreed with his statements.

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Most Useless Blockchain?

In a post titled “The Most Useless Network In The Crypto Market,” Martinez began by indicating that the Cardano DeFi ecosystem has never exceeded the coveted $1 billion mark. He added that it has “historically been only a fraction of what is locked on competing platforms like Ethereum.”

A quick double check on DeFiLlama confirms his words, as the Cardano TVL in DeFi peaked last year at roughly $700 million. However, the value has plummeted to $136 million as of press time. In comparison, the TVL on Ethereum is currently at a whopping $55 billion, down from almost $100 billion reached last year.

Solana’s TVL jumped to over $12 billion in September 2025, but it’s down to $6.6 billion as of now. Martinez also compared Cardano’s TVL with newer chains like SUI, which has already surpassed it with $568 million after peaking at $2.5 billion last year.

“Unlike Ethereum, which has built a dominant position in DeFi, or Solana, which has captured high-speed consumer applications, Cardano still lacks a clear use case that consistently attracts users, developers, and investors,” said Martinez.

He added that Cardano was officially launched nine years ago, but smart contracts were introduced in 2021, which allowed its competitors to “build stronger network effects with more developers, applications, and liquidity.”

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He believes Cardano’s research-driven model, which prioritizes academic review and formal verification, slows down product rollouts compared to other blockchains.

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As mentioned above, the community was split after his post, with some bringing out Cardano’s liquid staking capabilities, while others agreed to a large extent with his words.

ADA’s Survival

Martinez also explained that blockchains that reach scale early tend to attract more capital and talent as this is a market “driven by adoption and network activity.” This makes it “difficult for slower-growing networks to catch up once competitors establish a lead,” which could be the main reason behind ADA’s struggles.

The token peaked at over $3 in 2021, but it has fallen from grace since then, currently trading 91.7% away from those levels. Even the 2024/2025 bull rally managed to drive it to as high as $1.30, and it now sits at around $0.25.

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Martinez weighed in on ADA’s performance as well, suggesting that if it breaks the $0.245 support, it could plunge to the next ones at $0.112 or $0.021, which would represent another 50% to 80% decline.

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Oil Cools After Overnight Spike as G7 Eyes Reserve Release

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Oil Cools After Overnight Spike as G7 Eyes Reserve Release

Oil prices pulled back sharply early Monday after reports that Group of Seven (G7) finance ministers planned an emergency call to discuss a coordinated release of strategic crude reserves, giving markets a possible policy response to the war-driven supply shock.

The Financial Times reported that G7 finance ministers planned an emergency call to discuss a possible coordinated release of 300 million to 400 million barrels from strategic oil reserves to calm markets after the war-driven spike in crude prices. The G7 countries consist of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union as a non-enumerated member.

On Hyperliquid, crude oil futures rose nearly 25% to as high as about $117 overnight before falling by around 14.5% to roughly $100 after the G7 reports emerged. The reversal suggested traders were quickly repricing the risk of a coordinated reserve release even as the conflict continued to threaten supply.

OIL/USD price chart. Source: Hyperliquid

Bitcoin rebounds after earlier drop

Bitcoin (BTC) also rebounded after an earlier drop during the oil spike. After falling to about $65,725, CoinGecko data shows BTC climbing as high as $67,992.88 at the time of writing, a gain of roughly 3.45% in a few hours.

CryptoQuant analyst Darkfost said in a market note that higher oil prices and Strait of Hormuz tensions could weigh on risk appetite and complicate the outlook for volatile assets such as Bitcoin.

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“Historically, periods when oil prices regain strength often coincide with BTC end-of-cycle phases,” he wrote. 

Source: CryptoQuant

Hyperliquid HIP-3 hits record weekend volume on oil price surge

The episode also underscored how onchain venues can attract demand when traditional markets are closed.

Hyperliquid’s oil-linked contracts had already surged after the initial US-Israeli strike on Iran in late February, with traders turning to decentralized perpetuals for round-the-clock commodity exposure. Hyperliquid data shows that Tradexyz, a trading interface built on Hyperliquid, reached its highest weekend volume of over $610 million on Feb. 28.

Related: Iranian crypto outflows spike 700% after US-Israeli airstrikes

As the conflict escalates, oil prices have continued to rise, and Tradexyz has surpassed its previous weekend record with nearly $720 million in trading volume over the weekend, onchain analytics hub Pine Analytics said in an X post on Monday. 

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“These two waves of demand in the past month on Tradexyz show the platform is absorbing demand for traditional assets by people who don’t have TradFi access, or at points in time when these exchanges are offline,” Pine wrote.