Microstrategy now holds over 2% of all Bitcoin!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Microstrategy Is Unstoppable!

MicroStrategy has bought an additional 21,550 Bitcoin for $2 billion and now holds 423,650 $BTC valued at $41.6 billion.

The company now holds, 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin, making it one of the biggest BTC holders ever.

MicroStrategy now owns 2% of all Bitcoin that will ever exist, and is showing no signs of stopping.

The current value of their BTC is over $42.8 billion — a staggering $17.3 billion in profit.

Bhutan Selling Bitcoin?

The Royal Government of Bhutan has transferred 406 Bitcoin (~$40M) to QCP Capital for liquidation.

This transaction seems to be a part of a series of sales by the Bhutanese government, which has been actively selling its Bitcoin reserves since October.

Bhutan’s government wallet continues to hold 11,791 BTC, worth about $1.16 billion, making it the fourth-largest government holder of Bitcoin globally

Over the past two months, Bhutan has sold a total of 1,696 BTC, valued at around $139 million. The sales were made at an average price of $81,999 per BTC and were carried out through Binance and QCP Capital.

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🌎 Other News

• El Salvador to change Bitcoin plans to secure $1.3bn IMF loan. Read more

• Michael Saylor says he will never stop buying Bitcoin. Read more

• Jupiter DAO Approves $860M JUP Airdrop Plan. Read more

• Riot Platforms raising $500M to buy Bitcoin. Read more

• Ethereum spot ETF weekly inflows hit record $837M. Read more

📕 Educational

Bitcoin investors in the last 30 days:

• Long-Term Holders: -734k BTC

• MicroStrategy Supply: +171k BTC

• ETF Supply: +75.9k BTC

This leaves 487k BTC absorbed by other Short-Term Holders.

This means, in the last 30 days, whales and old holders of Bitcoin have been taking profits, while the newer cohorts (seemingly mostly retail) have been buying BTC.

The current dip could be a shakeout to make the short term retailers panic and sell their BTC, before further continuation to the upside.

Subscribe to our premium newsletter/trading room for more insights on how long we think this dip will last, and what is the best price to buy BTC based on our proprietary back-tested strategies.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

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Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.