Wall Street increased its Bitcoin exposure in the second quarter, adding positions as well as spot Bitcoin exchange sales funds (ETF) Also, new filings with the Securities and Exchange Commission say that US stocks are closely tied to cryptocurrency prices. (seconds).

Brevan Howard almost doubles BlackRock’s position on iShares Bitcoin Trust (go) According to the securities application, in the second quarter. The macro-focused hedge fund held 37.9 million shares at the end of June, at the end of March, with approximately 21.5 million shares in March.

The shares are worth more than $2.6 billion based on IBit’s closing price on June 28th, and Brevan Howard became one of IBIT’s biggest institutional owners, increasing its position to $3.3 billion in Ibit and Fidelity’s wise origin Bitcoin Trust. (FBTC). The banking giant also owned an iShares Ethereum Trust worth $489 million (Eta)according to the submission.

Ownership of Goldman’s ETF is not a direct bet by the trading desk at the price of Bitcoin. Rather, it is more likely to represent the position held by Goldman Sachs Asset Management on behalf of the client.

However, Brevan Howard, best known for his macro trading, has been active in the Crypto space for a long time, running a dedicated digital asset division called BH Digital. The unit manages billions of assets and invests in blockchain infrastructure, decentralized finance and related technologies.

Harvard, Wells Fargo, etc.

Other major IBIT investors include Harvard University, which reported $1.9 billion in ETF shares, and Abu Dhabi’s Mubadara Investment Company, which continues to hold $681 million.

When it comes to US banks, Wells Fargo almost quadrupled its IBIT holdings to $160 million from $26 million in the last quarter, maintaining a $200,000 stake in the grayscale Bitcoin fund. (GBTC).

Canter Fitzgerald also increased its holdings to more than $250 million, increasing its shares in crypto-related stocks, including its strategy. (MSTR)Coinbase (coin) And Robin Hood (Food)especially.

Trading company Jane Street has revealed that it holds $1.46 billion in stake in IBIT. (TSLA) $1.4 billion. We increased our MSTR stake while reducing our FBTC holdings.

Spotting Bitcoin ETFs like IBIT, which launched in January, allows investors to get in touch with the price of Bitcoin without directly holding cryptocurrency. Its structure provides traditional institutions with the means to participate in the crypto market through familiar securities and custody arrangements.

Norway buys more

For some overseas entities, it is easier to be exposed to Bitcoin through US listed companies that have a large amount of BTC on their balance sheets.

This is an approach that Norwegian sovereign wealth funds are being tackled with investors backed by several other European states, choosing to stocks in crypto adjacent companies rather than directly retaining the crypto.

Norges Bank Investment Management (nbim)According to a new memo from the K33 survey, the entities that manage the investment sector of the Norwegian Central Bank and the country’s $2 trillion pension funds currently hold 7,161 BTC indirectly. That figure is up 192% from 2,446 BTC a year ago and 87% from 3,821 BTC held at the end of 2024.

The biggest part of the exposure, 3,005 BTC, comes through strategic stocks. The rest spreads to companies like Marathon Digital, Coinbase, Block and Metaplanet. K33 also counted GME (GameStop) And some small holdings that contribute to the total.

Still, exposure remains small in context. Norwegian funds own stocks in thousands of companies across the global market, and the value of their Bitcoin-related investments is only a small fraction of their total holdings. At its current market price of $117,502 per BTC, the fund’s 7,161 BTC is approximately $841 million, or less than 0.05% of its $2 trillion portfolio.

The sudden increase over the past year could indicate an increased institutional amenity with the asset class, but that is not a major strategic change.

What you need to know

• Pre-orders for new Galaxy foldables and smartwatches are rumored to begin on the day of launch — July 9.
• The devices are further expected to be available for general purchase by July 25.
• The Galaxy Z Fold 7 may feature a thinner design and new silver camera rings, while a more affordable Galaxy Z Flip 7 FE is anticipated.

As we near the launch of the Galaxy Unpacked event, more interesting details about the upcoming products are surfacing across the web. The recent one includes the possible pre-order and availability details of the next foldables and smartwatches from Samsung.

The prominent tipster Steve Hemmerstoffer, widely known as OnLeaks on X, has shared the availability details of the upcoming Galaxy Z Fold 7, Z Flip 7, and the all-new Galaxy Z Flip 7E foldable phones. These three phones are said to be available for pre-orders starting July 9, which coincides with the launch date through the event happening in New York.

And those who have pre-ordered their foldable phones are likely to get their hands on them by July 25, which seemingly means that the devices will be available for the masses from the same day. According to the tipster, these dates apply to the alleged Galaxy Watch 8, Watch 8 Classic, and the Watch 8 Ultra as well.

If you are a consumer who often buys or pre-orders a Galaxy phone right at its launch, the projected approach of the availability should appear familiar.

More Galaxy Z Fold 7 leak and hands-on

As mentioned, with the launch less than a week away, the information surfacing about the foldables is making more sense and is increasing anticipation. More recently, someone even had their hands on the alleged Galaxy Z Fold 7 in its product packaging.

While the alleged Z Fold 7 looked familiar, a major change appeared in the colorway and a new approach to the three camera lenses at the back. The shiny blue looks interesting, and the camera lenses, according to the leaked images, are dropping the good-old black rings in favor of shiny silver rings. Overall, the alleged Z Fold 7, as rumored, appeared thinner than the previous iteration.

All in all, we can’t wait to see how the upcoming foldable phones are going to officially look, and Samsung might be aiming for the masses with the launch of an even more affordable flip phone, the Galaxy Z Flip 7 FE.

For more news and information on Samsung’s upcoming foldables, check out our Ultimate Guide.

Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power

In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins.

Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the US Dollar (USD). As for the role that these assets play in the sector, Glassnode explains:

Stablecoins have become a critical component of the digital asset ecosystem, serving as the primary quote asset for trading across both centralized and decentralized venues. Functionally, they represent readily available capital, or “dry powder”, available for digital asset purchases.

As such, the SSR compares the Bitcoin supply against this available dry powder. In other words, it tells us about how the cryptocurrency compares against the investor’s purchasing power.

When the value of the metric is high, it means the BTC supply is high compared to the stablecoin supply. In other words, the trader’s purchasing power is weak. On the other hand, the indicator being low suggests there is high dry powder available relative to the BTC supply.

In the context of the current discussion, the SSR itself isn’t of focus, but rather a modified indicator called the SSR Oscillator. According to the analytics firm, the metric measures “how the 200d SMA of the SSR moves within the Bollinger Bands BB(200, 2).”

Now, here is a chart that shows the trend in the Bitcoin SSR Oscillator over the last few years:

As displayed in the above graph, the Bitcoin SSR Oscillator has been close to the zero mark during the last couple of months, indicating the investor purchasing power is more or less neutral compared to the size of the BTC supply.

From the chart, it’s visible that the trend was different during the rally beyond $100,000 that occurred late last year. Back then, the SSR Oscillator took on a highly positive value, suggesting the stablecoin supply was low relative to BTC.

The cryptocurrency is currently also trading around the same levels as then, yet the SSR is showing a different story. “Despite similar price levels, this shift suggests that investor purchasing power has improved markedly, reflecting stronger underlying demand conditions,” notes the report.

BTC Price

At the time of writing, Bitcoin is trading around $109,500, up over 2% in the last seven days.

May 21st Bitfinex alpha | Actual purchasing power drives Bitcoin to a new peak

Bitcoin has been steadily increasing since it regained its $92,000 bottom in late April, and continues to show incredible durability and invincible structural strength.

The recent price rise has been a spot market, with strong breakthroughs relaxing after a short, clear stage. This indicates that the accumulation of healthy and potential needs is very solid, rather than being driven by excessive speculative factors. Data on accumulated delta mass (CVD) of large floors still maintains a positive level, making sure they dominate this race rather than leveraging real buyers-people.

Meanwhile, the derivatives market is in a responsive state, with open volatility (OI) indicating that semi-semi-climate pressure and liquidation is a transitional stage that helps clean up the dirty forms of the market. As a result, the current platform will become cleaner and the momentum supported by capital inflows instead of temporary heat generation.

As Bitcoin’s prices have been adjusted slightly after reaching record highs, the price difference (premium) in the spot market is still very high, and current price action actions could be simply a period of strength before explosion. Small adjustments may still occur, but the larger trends still leaning towards positive.

Bitcoin is flying high, but as inflation gradually decreases, warning signs continue to manifest themselves in the US economy, but deeper structural risks begin to emerge. The Consumer Price Index – CPI) rose only 0.2% compared to the previous month and 2.3% compared to last year. This is the lowest increase since the beginning of 2021.

Lower food prices have helped ease pressure from housing costs, but prospects remain ambiguous due to tax instability and trade policies. The US and China have reached a temporary ceasefire agreement, but a massive import tax rate still exists, with new taxes likely in July. These unpopular trade tensions pose a major challenge for both business and policy.

At the same time, financial pressure is high at home. Fed New York data shows an increase in credit debt rates and student loans over 90 days, drawing a pessimistic picture of personal financial situations. When the tariff effects began biting, they drooped along with the risk of inflation, but a combination of price expansion and escalation — also known as male dogs — could put the Federal Reserve in a difficult position.

The cost of core and housing services remains high at the moment, and the Fed may remain cautious. However, as economic pressures increase, flexibility and vigilance will be required in the coming months.

The markets sometimes flicker, legal regulations are still a long story, accepting bitcoin in the business world, and organizations are still developing strongly. Abu Dhabi’s Mubadara Investment Fund strengthened its holdings of BlackRock’s Bitcoin Spot ETF (IBIT) stock in the first quarter of 2025, indicating a temporary decline in its long-term belief in IBIT’s market value. Since its launch in January 2024, IBIT has led the US ETF spot market, attracting more than $45.5 billion in cash flow and managing a total of $65.4 billion in assets.

In Latin America, Brazil’s Fintech Melluse became the first public company in the region to apply the Bitcoin Reserve Strategy. After purchasing 274.52 BTC worth $28.4 million, the total number of Bitcoins I currently own is over 320 BTC. The move received strong support from shareholders, boosting the company’s stock price and proved investor support for its crypto-based financial strategy.

However, the legal framework remains a tough battle. US judges have rejected general offers between the Secretariat (the Securities Commission and the transaction), rippled over to reduce penalties and remove restrictions. The decision temporarily blocked a potential agreement in a groundbreaking case that could shape the future of US crypto regulations. All these events reflect both the motivations and challenges that crypto faces its journey into the global financial system.

Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

]]> https://earlybirdsinvest.com/bitfinex-alpha-actual-purchasing-power-drives-bitcoin-to-a-new-peak/feed/ 0 38325 https://earlybirdsinvest.com/michael-saylors-strategy-unveils-84000000000-bitcoin-btc-purchasing-plan/ https://earlybirdsinvest.com/michael-saylors-strategy-unveils-84000000000-bitcoin-btc-purchasing-plan/#respond Sun, 04 May 2025 15:50:48 +0000 https://earlybirdsinvest.com/michael-saylors-strategy-unveils-84000000000-bitcoin-btc-purchasing-plan/

The founder and former chief executive of Strategy, formerly known as MicroStrategy, is revealing another Bitcoin (BTC) purchasing plan for the firm worth tens of billions of dollars.

In a new thread on the social media platform X, Michael Saylor says the firm has doubled the capital it wants to raise to accumulate the flagship digital asset from $42 billion to $84 billion.

“MSTR announces BTC Yield of 13.7% and BTC gain of $5.8 billion year-to-date, doubles capital plan to $42 billion equity and $42 billion fixed income to purchase Bitcoin, and increases BTC Yield target from 15% to 25% and BTC dollar gain target from $10 billion to $15 billion for 2025.”

In its 2025 Q1 Earnings Presentation, Strategy breaks down its “42/42” plan to continue purchasing BTC.

Currently, Strategy holds 553,555 BTC worth $53 billion, or over 2.6% of the overall BTC supply, according to data from BitcoinTreasuries.net.

Last month, Strategy announced that it had bought billions of dollars worth of BTC in three separate instances, the most significant being on April 28th when the firm purchased $1.42 billion in Bitcoin.

Strategy’s aggressive Bitcoin accumulation is beginning to draw mixed reactions.

Veteran pseudonymous crypto trader The Flow Horse tells his 267,600 followers on the social media platform X that he’s not fond of Strategy’s plan.

“Right now Michael Saylor + MicroStrategy’s Bitcoin stake is arguably the largest concentrated position in any globally traded asset by a private company or individual. Not a fan [to be honest].”

Bitcoin is trading for $96,179 at time of writing, a 1.3% decrease during the last 24 hours.

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White House artificial intelligence and crypto czar David Sacks says a newly signed executive order could pave the way for the US to actively buy Bitcoin.

The “budget neutral” purchases would be above and beyond the seized trove of BTC that Trump has ordered the US to hold onto as a strategic reserve.

Sacks has confirmed initial reporting from Fox Business journalist Eleanor Terrett, who laid out the difference between the Bitcoin reserve and stockpile on the social media platform X.

“Trump’s Executive Order calls for two separate things — a strategic reserve and a stockpile. The strategic reserve will contain only BTC (the digital asset with the most store of value) using the 200,000 or so tokens already in the government’s possession that has been seized over the years through criminal and civil forfeiture.

Sacks says [Treasury Secretary] Bessent and [Commerce Secretary] Lutnick have also been given authorization to explore means of acquiring more bitcoin through avenues that will not cost the taxpayer.

Separately, a digital asset stockpile will be created that includes other cryptocurrencies aside from bitcoin using seized assets already owned by the government.”

The price of Bitcoin dropped as news of Trump’s new executive order spread a few hours ago.

After sinking from $90,251 to an intra-day low of $85,091, BTC is now $87,476 at time of publishing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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