With its latest purchase, Strategy has achieved a Bitcoin yield of 15.5%, breaking its previous 2025 target, which was lifted to 25% in early May. Update (May 12, 1:25 pm UTC): This article has been updated to reflect that Strategy lifted its 2025 Bitcoin yield target from 15% to 25% in early May. Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12. Read more
David Bailey’s newly founded Nakamoto Holdings has merged with healthcare provider KindlyMD to create a global Bitcoin-native treasury network. Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said: Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share. Read more
Bitcoin rallied within 5% of its previous all-time high, and bulls expect the level to be conquered this week. Key points: Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588. BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand. Read more
Bitcoin bulls are on the cusp of launching the market back to all-time highs and beyond, new BTC price analysis confirms ahead of a crucial weekly close. Key points: Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom. Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground. Read more
The country continues to acquire more Bitcoin for its strategic reserve and has embraced technical innovation to fuel economic growth. The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement. According to data from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million. El Salvador's Bitcoin Office has continued its steady pace of Bitcoin acquisitions months after the IMF agreement was signed and shows no sign of halting its Bitcoin purchases. Read more
A crypto analyst says Bitcoin is on its way to $160,000 or a “crazy number,” Alex Mashinsky gets 12 years jail, and more: Hodler’s Digest The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinskys legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a 20-year sentence for his actions. Betting markets predicted a light sentence ahead of the May 8 hearing. Polymarket showed only 11% odds for a 20-year sentence or higher. Read more
The BSV network has faced numerous delistings, 51% attacks, and a long-term price decline as the altcoin struggles to gain traction. Investors of Bitcoin Satoshi's Vision (BSV) — a hard fork of Bitcoin Cash (BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are attempting to revive a 2019 lawsuit against crypto exchange Binance for delisting the altcoin, which the litigants claim stunted the price of BSV. According to Law360, attorneys for the plaintiffs argued that a July 2024 decision from the UK Competition Appeal Tribunal dismissing the "loss of chance" claim made against Binance for delisting the token, should be reconsidered. The litigants demanded $9 billion in damages, in the original case. The investors continue to claim that Binance's 2019 delisting of BSV and similar major exchange delistings are the primary drivers of BSV's long-term price decline and its failure to attract the investor attention enjoyed by Bitcoin. Read more
Institutional buying is changing Bitcoin market dynamics as large, organized entities gobble up newly mined Bitcoin supply. Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. "Their 555,000 BTC is illiquid with no plans to sell," the analyst wrote in a May 10 X post. "Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders," Ju continued. Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan. Read more
Robert Kiyosaki calls on Americans to reject fiat currency and embrace Bitcoin, gold, and silver, warning that central banks are eroding wealth. Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy, urging his followers to abandon what he calls “fake money” and adopt alternatives like Bitcoin, gold, and silver. In a May 10 post on X, Kiyosaki backed a hardline stance against central banking systems, particularly the Federal Reserve, while quoting former US Congressman Ron Paul. Ron Paul, a longtime critic of the Fed and author of End the Fed, described interest rate setting by central banks as “price fixing,” equating it to socialist and Marxist economic control. Read more
BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world's asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year. IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1. Read more
Anthony Scaramucci says a “million dollar Bitcoin” will come down to a SWF saying, “Ok, this is part of the infrastructure of the world’s financial services.” Sovereign Wealth Funds are already gaining exposure to Bitcoin, but significant allocations won’t happen until the United States establishes clearer regulations for the digital assets industry, says SkyBridge founder Anthony Scaramucci. “I think they are buying it, I think they are buying it on the margin,” Scaramucci, former White House director of communications during US President Donald Trump’s first term, said on Anthony Pompliano’s podcast on May 8. “I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,” he added. Scaramucci previously said in a February interview with the Financial Times that he expects the US government to propose crypto legislation in November. Read more
Michael Saylor says those “less committed” to Bitcoin took the opportunity to exit the market after Bitcoin’s price surged. Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market. “I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9. Saylor said, “Lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” Read more
The vice president disclosed holding up to $500,001 in Bitcoin in August 2024, but seems to have taken a back seat to Donald Trump in pushing crypto policies at the White House. US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a crypto event since taking office in January — and spoke in person at the Bitcoin 2024 conference in Nashville while campaigning. Read more
Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point. Key takeaways: Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal. In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries. Read more