Overview
- Bitcoin traded above $78,000 as MicroStrategy’s Michael Saylor posted “Winter’s over” on X in a fresh show of confidence.
- MicroStrategy disclosed a new purchase of 13,927 bitcoin, bringing its treasury to 780,897 BTC and reinforcing its long-running accumulation strategy.
- Mati Greenspan of Quantum Economics said the recent drop looked like a pullback in a bull market and argued bitcoin likely put in a bottom.
- AdLunam co-founder Jason Fernandes cautioned that altcoins, the smaller cryptocurrencies outside bitcoin, remain weak even as bitcoin rebounds.
- Coverage highlighted reported sovereign and public fund exposure to bitcoin, including roughly 300,000 BTC held by the U.S. government, El Salvador’s drive toward a 7,500 BTC stash, and estimated holdings in China and the U.K., as well as pension allocations in Wisconsin and New Jersey.