DAILY MARKET OVERVIEW
🚀 Bitcoin Hits Another New All-Time High
👋 Hey there, Crypto Enthusiasts! This is a condensed version of our newsletter. We'll be fully back and ready to roll on May 27th, 2025! 😊
Bitcoin has shattered expectations, soaring to $111,889 and setting a new record high on today, up more than 25% this month.
This isn't just another crypto pump. It's the result of massive institutional momentum, surging ETF inflows, and a growing narrative of BTC as a macro safe haven.
🏢 Institutions Are All In – And They’re Buying Big
Bitcoin's latest bull run is being driven by corporate treasuries and investment firms loading up on BTC:
Strategy bought 7,390 BTC last week and now holds 576,230 BTC worth over $64B
Strive Enterprises is targeting 75,000 BTC through Mt. Gox estate claims
Over 70 companies now run BTC treasury strategies, with more joining every month
🔮 Presto Research maintains its target of $210K by year-end
📈 Standard Chartered sees BTC reaching $500K by 2028
"This rally is just getting started. We’re witnessing a shift in how institutions value Bitcoin."
💼 Strategy Launches $2.1B Preferred Stock Offering to Buy More BTC
Michael Saylor’s Strategy is doubling down once again.
Announced a $2.1B at-the-market offering of its new STRF preferred stock
Funds will be used to acquire more bitcoin, adding to its massive holdings
This is part of the firm’s expanded $84B capital plan through 2027
"We’ve only just begun." – Strategy signals unwavering commitment to BTC
🌎 The Big Picture: Bitcoin Is Winning the Macro War
From regulatory tailwinds to capital flowing out of gold, bitcoin is stealing the spotlight:
$7.5B has flowed into BTC ETFs in five weeks
Gold ETFs lost $3.6B over the same period
Global uncertainty is pushing capital toward bitcoin's scarcity and independence
Bitcoin's Breakout Is the Real Deal
Bitcoin hit a new all-time high of $111,889
Institutional investors are leading the charge, not retail hype
Strategy and others are scaling up billion-dollar BTC buys
Bitcoin options market is at record levels, but liquidity is tight
Analysts are standing by bold targets - $120K soon, $210K by year-end, $500K by 2028
Bottom line: The momentum is real, but the ride could be volatile. Institutions are here, and the game has changed.
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NEWS OVERVIEW
The Latest Crypto Headlines 📰
Sui Tokens Crash Over 50% Amid Suspected Cetus Protocol Exploit
LOFI, HIPPO, and CETUS plunge on DEXs as Cetus pauses contracts and investigates a possible oracle-based exploit draining funds.
Strategy Launches $2.1B STRF Offering to Fund More Bitcoin Buys
Strategy (formerly MicroStrategy) announced a $2.1B STRF stock offering to fuel further Bitcoin accumulation and corporate expansion.
FIFA Picks Avalanche for Its Blockchain, Moves NFTs Off Polygon
FIFA will migrate its NFT collection from Polygon and Algorand to a new Avalanche-powered, EVM-compatible blockchain.
David Sacks: Stablecoin Bill Could Unlock Trillions for Treasurys
White House crypto czar David Sacks says the GENIUS Act could spark trillions in demand for U.S. Treasurys and cement dollar dominance.
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.