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Bitcoin Reclaims $70,000 on Institutional Buying as Ripple Launches $750 Million Share Tender

Fresh institutional demand signals coincide with corporate steps that align crypto with traditional finance.

Overview

  • Bitcoin trades near $70,600 after rebounding from the Iran conflict-driven dip and has outperformed gold, the S&P 500 and tech ETFs over the same period.
  • MicroStrategy’s STRC program generated record buying pressure—enough for 2,038 BTC in a single session—following $1.28 billion in purchases last week, including $377 million from STRC proceeds.
  • Glassnode estimates roughly 600,000 BTC were absorbed below $70,000, and a restored Coinbase premium points to renewed U.S. institutional participation.
  • Ripple begins a tender offer to repurchase up to $750 million in shares at a $50 billion valuation, providing liquidity to employees and early investors through April.
  • Across Protocol floats a DAO-to-U.S. C‑corp conversion with optional token-for-equity or USDC redemption as ACX jumps about 85%, while Polymarket partners with Palantir and TWG AI to deploy AI-powered sports integrity monitoring.