Despite the recent drop in the crypto market, Strategy continues its purchases. The American company acquired 220 BTC for $27.2 million, at an average price of $123,561 per unit. With more than 640,000 bitcoins in reserve, it confirms a continuous accumulation strategy, unique among institutional investors.
Tether CEO Paolo Ardoino sees Bitcoin and gold as a hedge capable of outlasting other currencies, reflecting the company’s strategic focus.
XRP and Solana have just made spectacular rebounds, recovering billions in market capitalization despite geopolitical tensions. Discover why institutional investors are betting big on these cryptos, with explosive price targets for the end of October.
A trader operating on the decentralized platform Hyperliquid reportedly pocketed over 150 million dollars by betting against the market a few minutes before a major political announcement triggered a crypto crash. The operation, as spectacular as it is unsettling, revives suspicions of insider trading. A few days later, the same player opens a new short position of 160 million, fueling speculation about his identity and access to information.
The Sino-American trade war may be worsening, but the lights remain green for bitcoin.
On October 10, a radical decision by Donald Trump, 100% tariffs on Chinese software, triggered an unprecedented storm. Within hours, bitcoin collapsed, more than 16 billion dollars evaporated, and 1.6 million traders liquidated positions.
Bitcoin’s next major rally could take it well beyond previous highs, according to Pantera Capital CEO Dan Morehead. In a recent interview with CNBC, Morehead outlined a long-term view that envisions Bitcoin reaching $750,000 within five years. He also predicted a sharp consolidation across the blockchain industry, led by Bitcoin, Ethereum, and Solana. His remarks coincided with new investment initiatives centered on Solana’s growing market position.
Bitcoin miners are using their existing energy infrastructure to gain an edge in AI, enabling faster deployment of data centers.
Galaxy Digital secured $460M to develop its former Bitcoin mining site in Texas into a large-scale AI and high-performance computing data center.
