🥜 Wisdom

PLUS: MicroStrategy Again...

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What we’ve cooked up for you today…

  • 🏦 MicroStrategy… again…

  • 🧙 Some timely wisdom

  • 💪 Inflows are back

  • 💰 And more…

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market data

Prices as at 12:55am ET

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MICROSTRATEGY… AGAIN… 🏦 

BREAKING: MicroStrategy acquires another 2,530 BTC for $243 million, taking holdings to 450,000 BTC

bitcoin

Who didn’t see this coming?

For the 10th week in a row, MicroStrategy bought even more Bitcoin. 🤯

This time MicroStrategy acquired an additional 2,530 Bitcoin for ~$243 million. (Average price of ~$95,972 per BTC)

This brings MicroStrategy’s total holdings to a clean 450,000 Bitcoin, acquired for ~$28.2 billion. (Average price of ~$62,691 per BTC)

Saylor tweet

With this latest purchase, MicroStrategy now holds 2.14% of Bitcoin’s total 21 million supply.

And at today’s prices, MicroStrategy’s Bitcoin holdings are worth ~$42.11 billion. (That’s down $3.57 billion compared to last week)

Which means they’re sitting on unrealized profits of ~$13.91 billion.

Saylor tweet2

Saylor’s classic “Day before” tweet

As we mentioned at the start, this also marks the 10th week in a row that MicroStrategy has purchased Bitcoin.

The previous 9 weeks being:

  • January 5: 1,070 Bitcoin for $101 million

  • December 29: 2,138 Bitcoin for $209 million

  • December 22: 5,262 Bitcoin for $561 million

  • December 15: 15,350 Bitcoin for ~$1.5 billion

  • December 8: 21,550 Bitcoin for ~$2.1 billion

  • December 1: 15,400 Bitcoin for ~$1.5 billion

  • November 24: 55,500 Bitcoin for ~$5.4 billion

  • November 17: 51,780 Bitcoin for ~$4.6 billion

  • November 10: 27,200 Bitcoin for ~$2.03 billion

How long is this list going to get?

In total, that’s over $18 billion worth of Bitcoin purchased over the last 10 weeks.

Absolutely ridiculous numbers…

It’s worth noting that this latest purchase is larger in size compared to the previous one. (Breaking the trend of smaller and smaller purchases)

Regardless, the buys are still absolutely enormous compared to anyone else in the market.

Now the question is…

How many weeks in a row will Saylor & MicroStrategy keep this up?

And do they know something that we don’t?

Like the potential announcement of a US Strategic Bitcoin reserve

Saylor3

Posted on January 3rd, 2025

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SOME TIMELY WISDOM 🧙

Have you ever wished you bought Bitcoin earlier?

Loaded up at its lows?

The beauty of the crypto space is simple: opportunities are always around the corner.

Today is one of those opportunities.

That’s the latest out of Changpeng ‘CZ’ Zhao.

CZ

Changpeng Zhao, known as 'CZ' is the former CEO of Binance. He’s no ordinary voice in crypto:

  • Founded and built the largest cryptocurrency exchange in the world

  • 24th richest person, with a net worth exceeding $64 billion

  • Played a huge part in crypto adoption worldwide

If there’s anyone who understands how to seize opportunities, it’s CZ.

Today, he tweeted out this:

cz1

The past week has been pretty grim in crypto.

But CZ’s words are some timely wisdom: opportunity is always ahead if you’re ready to act.

Today is earlier than all than all the days to come.”

Changpeng ‘CZ’ Zhao

But, what does CZ know?

He’s only the 24th richest person in the world. 😉

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INFLOWS ARE BACK 💪

Last week Digital asset funds saw net inflows of $48 million.

Although nearly $1 billion came in during the first half of the week

The release of macroeconomic data led to outflows of $940 million in the latter half.

Let’s break it down.

total flows

This time, Bitcoin was the focus with $214 million in inflows for the week.

This was despite Bitcoin seeing the largest outflows during the latter half of the week.

XRP and Solana also saw notable inflows of $41.2m and $15m respectively.

Whilst Ethereum suffered the most with outflows of $255.6 million for the week.

flows by asset

The United States saw inflows of $79 million for the week.

And not far behind the US were Germany, Canada and Brazil with inflows of $52.4m, $37.1m & $21.9m respectively.

Whilst Switzerland, Hong Kong and Sweden all saw outflows of $85.3m, $36.6m & $33.2m respectively.

flows by country

Digital asset funds saw net inflows last week, despite being relatively small compared to what we’re used to…

The release of new macroeconomic data and the Fed’s recent comments all point to a stronger than expected US economy.

Which means that the Fed is less likely to cut rates in the short-term.

As a result, we saw outflows in the second half of the week totalling $940 million.

It appears that the post US election honeymoon is over…

Macroeconomic data is once again a key driver of asset prices.

Right now the markets are holding out until Trump officially takes office.

CRACKING CRYPTO 🥜

Bitcoin mining difficulty reaches historic high of 110 trillion after eight consecutive increases. Bitcoin network's mining difficulty streak sets new industry benchmark as miners' remain optimistic despite reduced rewards.

BlackRock launches new Bitcoin ETF on Cboe Canada. Steno Research analysts predict that Bitcoin ETFs could see an estimated $48 billion in net inflows during 2025.

Bitcoin Under Pressure as Goldman Trims Fed Rate Cut Expectations, BofA Sees Potential Hike After Blowout Jobs Report. Risk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday's hotter-than-expected U.S. jobs report.

Tether poised to relocate to El Salvador after securing DASP license. "El Salvador is rapidly establishing itself as a global hub for digital assets and technology innovation," Tether said Monday in a post.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

  • Raremints (link) - Daily crypto news

  • Bitcoin Breakdown (link) - Twice weekly Bitcoin news

  • Techpresso (link) - Daily tech news and insights

  • The Hustle (link) - Get Smarter on Business and Tech

  • Your Next Breakthrough (link) - Personal growth with Mark Manson

  • The Neuron (link) - AI trends and tools to keep you ahead

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