MicroStrategy | ForkLog

ForkLog 51 23.05.2025

Bitcoin Nears $112,000 Amid Institutional Buying Spree

On the evening of May 22, the price of the leading cryptocurrency nearly tested the $112,000 level, buoyed by substantial inflows into ETFs. The digital gold reached a peak of $111,980 against the BTC/USDT pair on the Binance exchange. At the time of writing, the asset is trading around $110,650. 15-minute BTC/USDT chart on Binance. […]

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ForkLog 26 21.05.2025

Standard Chartered Reaffirms $500,000 Bitcoin Target Amid Sovereign Fund Interest

In the first quarter, government entities increased their holdings in Strategy shares as a derivative of digital gold. Standard Chartered reached this conclusion based on reports to the SEC, writes The Block. This trend has reinforced the bank’s experts’ expectations of the first cryptocurrency reaching a target of $500,000 by 2028. “As more investors gain […]

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ForkLog 14 19.05.2025

Strategy Faces Allegations of Concealing Bitcoin Risks

On May 19, the company Strategy was hit with a class-action lawsuit. The firm’s leadership is accused of making “false or misleading statements” about the profitability of its bitcoin strategy and concealing the asset’s volatility risks. The allegations involve Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. The plaintiffs cite violations of securities […]

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ForkLog 15 16.05.2025

JPMorgan Predicts Bitcoin to Surpass Gold by Year-End

In the latter half of the year, the leading cryptocurrency is expected to continue its price ascent, outpacing gold, driven by corporate acquisitions and growing support from American states. These conclusions were drawn by JPMorgan, as reported by The Block. Experts referred to the implementation of the debasement trade strategy, which became relevant for both […]

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ForkLog 7 15.05.2025

Investor Takes Short Position on Strategy Shares and Long on Bitcoin

Jim Chanos, an investor specializing in short positions and founder of Kynikos Associates, revealed in an interview with CNBC that he has purchased bitcoin and opened short positions on Strategy shares. “We are essentially buying something for $1 and selling it for $2.5. […] It’s a good barometer not only of the arbitrage itself but […]

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ForkLog 89 14.05.2025

Michael Saylor Predicts Strategy’s Market Cap to Reach $10 Trillion

There will come a time when, thanks to Bitcoin, Strategy will be valued at $10 trillion. Such expectations were shared by its co-founder, Michael Saylor, in a new documentary for the Financial Times. “We can grow from a corporation with a $100 billion capital to a corporation with a $1 trillion capital [and later] to […]

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ForkLog 17 11.05.2025

Bitcoin Turns Deflationary Due to Strategy’s Acquisitions

The pace at which Michael Saylor’s firm, Strategy, is acquiring Bitcoin surpasses the rate at which miners produce new coins. This observation was made by CryptoQuant CEO Ki Young Ju. #Bitcoin is deflationary.@Strategy is buying BTC faster than it’s mined. Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a […]

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ForkLog 12 06.05.2025

Bernstein Forecasts Corporate Bitcoin Holdings to Reach $330 Billion

By 2029, corporations are expected to increase their holdings of digital gold to $330 billion, according to calculations by Bernstein, reports Decrypt. The lion’s share of purchases will be made by Strategy, while smaller players will attempt to emulate its business model. Strategy began acquiring the first cryptocurrency in 2020. Currently, its bitcoin position has […]

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ForkLog 14 02.05.2025

Strategy’s Losses Surpass $4 Billion Since Start of Year

Despite a 13.7% return on its Bitcoin holdings, Strategy fell short of analysts’ profit and loss expectations. According to the first-quarter report, the firm earned $5.8 billion from the leading cryptocurrency since the beginning of the year. Chief Financial Officer Andrew Kang announced an increase in annual targets: the portfolio’s return is expected to rise […]

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ForkLog 14 25.04.2025

Author of ‘The Bitcoin Standard’ Dismisses Institutional Threat to Bitcoin

BlackRock and Strategy pose no threat to the first cryptocurrency’s protocol, as they have fiduciary duties to their investors. Since November 2024, bitcoin balances on exchanges have dropped by approximately 425,000 BTC, with around 350,000 BTC attributed to corporate purchases. Even if a single company acquires a substantial amount of digital gold, it will not […]

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ForkLog 21 24.04.2025

Twenty One Capital Aims to Challenge Bitcoin Giants

Established by Cantor Fitzgerald, Twenty One Capital aims to challenge Strategy. The organisation’s capital fund will amount to 42,000 BTC (~$3.9 billion). Approximately 23,950 BTC will be provided by Tether, 10,500 BTC by Softbank, and 7,000 BTC by Bitfinex. These organisations have become co-founders of Twenty One Capital alongside Cantor Fitzgerald. In return, partners will […]

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ForkLog 14 22.04.2025

Experts Assess Strategy’s Bitcoin Purchases on Market Impact

The billion-dollar acquisitions of digital gold by Strategy have had minimal long-term impact on its price, according to a TD Cowen study, as reported by CoinDesk. On average, Strategy’s coin purchases account for about 3.3% of the weekly trading volume and are largely unaffected by price fluctuations, analysts noted. Excluding the eight weeks when the […]

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