Bitcoin Strategy Deepens As Metaplanet Approves $137M Raise Abroad

Bitcoin Continues to Plunge, Focus on Whether MSTR Is Forced to Sell

Bitcoin is undergoing a severe stress test as its price falls below key psychological levels, approaching the cost basis of major institutional holders like MicroStrategy. The cryptocurrency dropped below $80,000 over the weekend, hitting its lowest point since April 7, 2025, and has declined over 30% recently amid thin liquidity. Despite the sell-off, MicroStrategy’s Executive Chairman Michael Saylor signaled intentions to continue accumulating Bitcoin, even as the company raised the dividend on its perpetual preferred shares to 11.25% to attract capital. However, analysts warn that high dividend costs could strain cash flow if Bitcoin’s price remains stagnant or falls below its cost basis. The market is highly institutionalized, with MicroStrategy and 11 spot Bitcoin ETFs holding approximately 10% of Bitcoin’s circulating supply. These institutions face combined unrealized losses of around $7 billion, with an average acquisition cost of $85,360 per Bitcoin. Spot Bitcoin ETFs have seen net outflows for 10 consecutive days, exacerbating downward pressure. MicroStrategy holds 712,647 Bitcoin at an average cost of $76,037. With Bitcoin hovering near $78,000, its unrealized gains have narrowed to less than 3%. The company’s aggressive financing strategies, including high-yield debt, highlight both its commitment and the risks of its Bitcoin-centric strategy. Macro strategist Jim Bianco notes that Bitcoin faces a "narrative exhaustion," as the "institutional adoption" story has been fully priced and may now be reversing. Without new sustained buying interest, institutional holdings—once a support—could become a major source of selling pressure. The key question is where the next wave of buyers will emerge at current price levels.

比推9m ago

Wintermute Ventures: Our 6 Major Predictions for Digital Assets in 2026

比推12m ago

Ethereum slips to $2.2K as ‘extreme fear’ hits – Why THIS level decides next bull run

Ethereum's price fell to $2,219, down 17.38% over the weekend, amid extreme market fear. Despite the downturn, the weekly chart maintains a bullish structure from its 2025 rally. The retracement is nearing a key level at $2,147, and a brief drop below it is expected before a potential bullish recovery. Long-term investors may see this as a buying opportunity, provided they can tolerate a possible decline to $1,300. However, swing traders should wait for signs of strength around the $2,000-$2,200 range before entering long positions, as catching the bottom prematurely could lead to further losses. A drop below $2,000 may signal a deeper correction.

ambcrypto34m ago

Behind the U.S. Senate Agriculture Committee's Passage of the CLARITY Act Lies a Dim Prospect

The U.S. Senate Agriculture Committee narrowly passed the *CLARITY Act* in January 2026 with a 12–11 partisan split. The bill aims to establish a federal regulatory framework for digital assets, defining "digital commodities" and granting the CFTC authority to oversee spot markets. It includes provisions for exchange registration, investor protections, and safeguards for software developers. Despite initial bipartisan collaboration, negotiations broke down abruptly in early 2026. Democrats opposed the final version, citing insufficient ethics rules to prevent political figures—including former President Trump—from profiting from cryptocurrency activities. They also raised concerns about DeFi regulation and consumer protections. Although the committee’s approval is a procedural step, the bill faces significant hurdles. It requires 60 votes to pass the Senate, necessitating Democratic support, which remains unlikely without compromises on ethics and oversight. Further delays are expected due to stalled companion legislation in the Senate Banking Committee and the upcoming midterm elections, which could shift political dynamics and jeopardize the bill’s prospects.

marsbit1h ago

Implementation of CARF: Will Chinese Residents Holding Crypto Assets Be Subject to Tax Recovery?

The implementation of the Common Reporting Standard for Crypto-Assets (CARF) enhances the ability of tax authorities globally to obtain information on overseas crypto asset holdings. While CARF itself does not create new tax rules, it enables automatic exchange of information, allowing jurisdictions to identify unreported crypto asset income earned by their tax residents. In countries that have adopted CARF, such as the UK, tax authorities can cross-reference data from crypto service providers with tax filings and may pursue back taxes and penalties for non-compliance. Although China has not yet joined CARF, reducing the immediate risk of automatic information sharing, risks arise when crypto assets are converted into fiat currency. China participates in the Common Reporting Standard (CRS), through which financial account information—including proceeds from crypto conversions—may be shared with Chinese tax authorities. Additionally, bilateral tax treaties and investigative cooperation allow for case-by-case information exchange, meaning significant tax evasion or illicit transactions could still be detected and reported.

marsbit1h ago