Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Investing

Crypto Market Recap: Saylor’s Strategy Resumes Bitcoin Buying

by admin February 11, 2025
February 11, 2025
Crypto Market Recap: Saylor’s Strategy Resumes Bitcoin Buying

Here’s a recap of the crypto landscape for Monday (February 10) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$97,304, reflecting a 1.1 percent increase over the past 24 hours.

The day’s trading range has reached a high of US$97,896 and a low of US$96,882.

Meanwhile, Ethereum is priced at US$2,679.41, up 1.6 percent over the same period. The cryptocurrency reached an intraday high of US$2,689 and a low of US$2,645.

Altcoin price update

  • Solana (SOL) is currently valued at US$200.82, marking a 0.6 percent increase over the past 24 hours. The cryptocurrency hit a daily high of US$207.25 and a low of US$201.15.
  • XRP is at US$2.43, up 0.8 percent. It reached an intraday high of US$2.45 and a low of US$2.41.
  • Sui (SUI) is trading at US$3.24, up 5.6 percent. It achieved a daily high of US$3.28 and a low of US$3.23.
  • Cardano (ADA) is priced at US$0.7045, reflecting a 3.3 percent increase over 24 hours. Its highest price on Monday was US$0.7104 and its lowest was US$0.6969.

Crypto news to know

Japan-based Bitcoin treasury company Metaplanet (OTCQX:MTPLF,TSE:3350) released its full-year 2024 earnings on Monday, revealing roughly US$36 million in unrealized gains from the purchase of 1,761 Bitcoin.

The company said it acquired the coins for roughly US$137 million.

Metaplanet’s shareholder base grew by 500 percent last year, primarily due to the issuance of new shares to fund its Bitcoin acquisition strategy. This growth was facilitated by both debt and equity financing.

Metaplanet said it will increase its Bitcoin holdings to 10,000 Bitcoin by the end of 2025, and 21,000 Bitcoin by the end of 2026. The company’s shares closed up 17.37 percent on Monday afternoon.

CoinShares data shows Ether exchange-traded product (ETPs) inflows outpaced inflows to Bitcoin ETPs during last week’s market decline. Ether ETPs recorded US$793 million in inflows, 95 percent more than Bitcoin’s recorded inflows of US$407 million. Total year-to-date inflows to digital asset investment products have reached US$7.3 billion.

According to CoinShares’ James Butterfill, last week’s price fall resulted in significant buying on weakness.

Strategy (NASDAQ:MSTR) resumed buying Bitcoin last week, acquiring 7,633 Bitcoin for approximately US$742.4 million in cash at an average price of roughly US$97,255 per coin, as per US Securities and Exchange Commission filings.

Strategy’s Michael Saylor hinted at another impending Bitcoin acquisition on Sunday (February 9) morning, posting a screenshot of the Saylor Tracker, a tool that monitors and tracks Strategy’s Bitcoin holdings.

“Death to the blue lines. Long live the green dots,’ he wrote on X, formerly Twitter. Market watchers have come to recognize these posts as indicators of the company’s upcoming Bitcoin purchases.

Meanwhile, fraud allegations have resulted in a rapid pullback for $CAR, a meme coin launched on Sunday by the Central African Republic. President Faustin-Archange Touadera described the coin as an ‘experiment’ to raise the country’s global profile and showcase how a meme-based token can support national development.

However, shortly after $CAR’s launch, the coin’s X account was suspended, and allegations of fraud soon surfaced, with deepfake checker tool Deepware flagging a video statement from Touadera as suspicious. The news has caused $CAR’s price to pull back over 92 percent, from US$0.79 to US$0.05 as of Monday afternoon.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
GameStop, MicroStrategy shares rise after Ryan Cohen posts photo with Michael Saylor
next post
When is the Starlink IPO Date and Can You Invest?

Related Posts

RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project

February 15, 2025

Sarama Resources Geochemistry Program Underway at Cosmo Gold...

February 10, 2025

i-80 Gold Releases PEAs for Cove and Archimedes...

February 22, 2025

Canadian Investment Regulatory Organization Trade Resumption – SRR

February 8, 2025

Cizzle Brands Corporation Schedules Second Fiscal Quarter 2025...

March 14, 2025

Placement of Shortfall and Cleansing Notice

February 26, 2025

Two Water Wells Completed & Staking Finalised at...

January 30, 2025

Gary Wagner: Gold Thriving Amid Uncertainty, Price Uptrend...

April 12, 2025

Oil Markets Buckle Under Tariff Pressure, Recession Fears...

April 9, 2025

Cobalt Reserves: Top 3 Countries

February 18, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved