Bitcoin News: Strategy Aggressively Expands Bitcoin Holdings with $2 Billion Purchase, Aiming for $42 Billion in Next Three Years

In a major move that underscores the increasing institutional interest in Bitcoin, Strategy has made a significant addition to its Bitcoin treasury. Here's a closer look at the latest developments.

Strategy Buys $2 Billion More Worth Of Bitcoin

Strategy has acquired an additional 20,365 Bitcoin worth nearly $2 billion, bringing its total holdings to 499,096 BTC. The company’s Bitcoin treasury now stands at approximately $33.1 billion, purchased at an average cost of $66,357 per coin. Strategy plans to continue its aggressive acquisition approach through its “21/21” plan, aiming to add $42 billion worth of Bitcoin over the next three years. Institutional interest in Strategy’s Bitcoin-focused approach is growing, as evidenced by BlackRock increasing its stake to five percent. This news comes despite Bitcoin experiencing a 10% price decline following the post-election rally.

Montana Lawmakers Reject Bitcoin Reserve Bill

Montana’s Bitcoin reserve bill, House Bill 429, aimed to create a special revenue account for investing in precious metals, stablecoins, and high-market-cap digital assets like Bitcoin [BTC]. However, the proposal failed to clear the House of Representatives in a 41-59 vote, ending its prospects. Despite BTC being the sole asset meeting the bill’s strict $750 billion market cap requirement, several Republicans opposed it. Twenty U.S. states continue advancing similar Bitcoin reserve legislation despite Montana’s rejection.

Michael Saylor Buys Another $2B BTC, Presents $81 Trillion Bitcoin Strategic Reserve Plan to SEC

Michael Saylor, CEO of Strategy (formerly MicroStrategy), announced the purchase of 20,356 BTC worth $1.99 billion. He also met with the US SEC taskforce and presented a strategic Bitcoin reserve plan aiming to generate up to $81 trillion to address the US debt crisis. Despite the purchase, Bitcoin prices dipped 3.6% on Monday. It remains to be seen if Saylor's plan will influence prices in the coming days.

Will Nations Fight Bitcoin With Competing PoW? Game Theory Explained

In a discussion, Jason Lowery debated the viability and future of Reusable Proof-of-Work (RPoW) networks, specifically whether nations might create competing proof-of-work systems. The conversation was sparked by an inquiry from Rabbit Hole Investor directed at Lowery, who emphasized Bitcoin’s strategic importance for US national security. Lowery mentioned receiving questions on the topic from the White House Office of Science & Technology Policy.

Bitcoin Retail Demand Levels Return to Neutral Zone—What Next?

Bitcoin’s price has dropped 2.3% over the past week, further from its January all-time high. Amid the decline, analysts observe renewed interest from retail investors. CryptoQuant analyst Darkfost highlights that the 30-day demand change has climbed back into the neutral zone around 0%, recovering from -21% seen late last year. This is the first such notable turnaround since 2021.