MicroStrategy Plans To Acquire Additional $2 Billion Worth BTC.

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📅 Today

MicroStrategy To Acquire $2 Billion in Bitcoin!

MicroStrategy is issuing $2 billion in convertible senior notes to buy more Bitcoin, continuing its long-standing accumulation strategy.

Michael Saylor confirmed that the company briefly paused purchases last week, breaking its usual buying streak.

Despite this, Strategy remains committed to Bitcoin. As of February 17, 2025, the firm holds 478,740 BTC, acquired for approximately $31.1 billion at an average price of $65,033 per Bitcoin.

FTX Repayments Begin!

FTX creditors are finally seeing relief as the first $1.2 billion in repayments begins through Kraken and BitGo. This initial batch covers users with smaller claims—those owed less than $50,000.

While this marks a major step in the long bankruptcy process since FTX’s 2022 collapse, larger creditors and complex claims remain unresolved.

The next distribution is set for May 30, 2025.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• Bitcoin Spot ETF Sees Significant Outflow. Read more 

• Ethereum Spot ETF Sees Significant Inflow In The U.S. Read more

• Grayscale revolutionizes investment with the Pyth Fund. Read more 

• Coinbase Launches Proof of Reserves for cbBTC Bitcoin Wrapper. Read more

• South Korea Suspends DeepSeek App Amid Privacy Concerns. Read more

📕 Educational

The average fee of an Ethereum transfer currently sits at just $0.41, in contrast to the $15.21 high point of the past 2 years. When Ethereum transaction fees are low, it usually means the network is not overly crowded. When users are not paying high prices to move their ETH or tokens, it is typically a good sign for mid-term and long-term price outlooks. These low fee levels often happen when prices are perceived as 'low' or 'bearish' according to traders. These reduced costs make it easier for new buyers to enter the market.

On the other hand, when fees are high, it usually means there is a lot of activity on the network. This often happens when ETH prices are rising quickly, as more people are rushing to trade or use Ethereum-based apps. Just as extremely high fees can sometimes push traders away or cause short-term corrections, extremely low fees (like we're seeing now) will often incentivize users back and allowing the network's utility to rise to a prosperous rate.

Source : Santiment

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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.