Strategy, previously referred to as MicroStrategy, has purchased an additional 6,556 Bitcoin in a $555.8 million acquisition. The firm acquired the Bitcoin between April 14 and April 20, spending an average of $84,785 per coin. The latest move takes the company’s total Bitcoin to 538,200 BTC. Company Now Has Over $36 Billion In Bitcoin Based on company reports , Strategy has paid around $36.47 billion buying its Bitcoin reserves at an average of $67,766 per coin. The company is still the largest public company to hold Bitcoins, way ahead of rivals such as MARA Holdings. This is the second straight week Strategy has bought Bitcoin. Two weeks ago, the company acquired nearly 3,460 BTC for over $280 million. The company has also posted a 12% Bitcoin return since the beginning of the year. Strategy Is Planning To Raise $20 Billion For Additional Buying The firm has no indication of decelerating its Bitcoin buying strategy. According to reports, Strategy plans to raise over $20 billion from the sale of stock to finance future Bitcoin buys. This aggressive buying persists even as Bitcoin’s relatively flat performance in recent months. Strategy has acquired 6,556 BTC for $555.8 million at $84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, it hodl 538,200 BTC acquired for $36.47 billion at $67,766 per bitcoin. https://t.co/x6LqCJClfP — Wu Blockchain (@WuBlockchain) April 21, 2025 Strategy is not the only one taking a Bitcoin investment strategy. Other institutional buyers are going the same way. Metaplanet just acquired 330 BTC for a little over $28 million, increasing its holding to 4,855 Bitcoin worth close to $500 million. Japanese retail company ANAP has also jumped into the game with a $70 million purchase of Bitcoin. Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin. pic.twitter.com/EUFSbUCOPW — Simon Gerovich (@gerovich) April 21, 2025 Stock Price Surges After Announcing Purchase The announcement of Strategy’s new Bitcoin purchase comes at a time when the company’s stock has risen . Shares of MSTR rose nearly 3% in extended trading to about $325 from Friday’s close at $317. This share performance seems connected to the recent movements in Bitcoin’s prices. The cryptocurrency has surged to $87,600 as we speak. Observers have pointed out the high positive correlation between MSTR stock and the prices of Bitcoin, which is understandable considering Strategy’s huge exposure to the digital currency. A few analysts are still wary of Bitcoin’s latest price surge. Crypto analyst Kevin Capital has cautioned that Bitcoin must move above $89,000 to validate a genuine uptrend. Until that happens, he recommends market participants to be wary. If Bitcoin keeps going up in the next few weeks, Strategy’s stock may also do the same. Company executive chairman and co-founder Michael Saylor has already pointed out in the past that MicroStrategy has posted higher returns than other big assets since implementing its Bitcoin strategy. The ongoing institutional investment in Bitcoin by companies such as Strategy is indicative of increasing mainstream acceptance of cryptocurrency as a valid asset class despite uncertainties surrounding long-term price stability and regulatory issues. Featured image from The Star, chart from TradingView
Are you a crypto investor enjoying the tax benefits of Puerto Rico? Hold on tight, because a shocking new bill from a U.S. lawmaker could drastically alter your financial landscape. Representative Nydia Velázquez has introduced the Fair Taxation of Digital Assets in Puerto Rico Act, and it’s sending ripples of concern throughout the crypto community. Let’s dive into what this means for you and your digital assets. Understanding the Proposed Crypto Tax in Puerto Rico The heart of the matter is the Fair Taxation of Digital Assets in Puerto Rico Act. Introduced by U.S. Representative Nydia Velázquez, this bill directly targets the existing tax advantages that have made Puerto Rico a haven for crypto investors. Currently, individuals meeting certain residency requirements in Puerto Rico can benefit from significant tax exemptions, particularly on capital gains. This has attracted a wave of crypto enthusiasts and businesses to the island, boosting its economy and positioning it as a burgeoning crypto hub. However, this new legislation aims to change the game. What does the bill propose? Taxing Capital Gains: The core objective is to subject certain investors in Puerto Rico to both local and federal taxes on capital gains, specifically including gains derived from digital assets like cryptocurrencies. Targeting Specific Investors: The bill is likely designed to target individuals who have relocated to Puerto Rico primarily to take advantage of these tax benefits, rather than long-term residents. The exact criteria for ‘certain investors’ will be crucial and is currently a point of speculation and concern. Federal and Local Taxes: This isn’t just about local Puerto Rican taxes; the bill aims to ensure that these investors also pay federal taxes on their digital asset gains, effectively removing a significant layer of tax sheltering. For years, Puerto Rico has been promoted as a tax-friendly jurisdiction for investors, particularly under Act 60 (formerly Act 22 and Act 20). These acts offered substantial tax exemptions to new residents and businesses, leading to an influx of individuals from the mainland United States seeking to minimize their tax liabilities. The crypto sector was a significant beneficiary of this, with many crypto entrepreneurs and investors establishing residency in Puerto Rico. Now, this legislative move threatens to disrupt this ecosystem. Who is Nydia Velázquez and Why This Bill Matters for US Crypto Regulation? Nydia Velázquez is a highly influential member of the U.S. House of Representatives, representing New York’s 7th congressional district. Her introduction of this bill signals a growing scrutiny of crypto tax havens within the U.S. territories and potentially broader implications for US crypto regulation . Why is Velázquez focusing on Puerto Rico? Tax Fairness Concerns: The rationale behind the bill likely stems from concerns about tax fairness. Critics argue that the existing tax exemptions in Puerto Rico allow wealthy individuals to avoid paying their fair share of taxes, shifting the tax burden onto others. Economic Impact on the Mainland: There’s a perception that these tax incentives in Puerto Rico are draining tax revenue from the mainland U.S., which could be used for public services and infrastructure. Precedent Setting: This bill could be a bellwether for future US crypto regulation . If successful, it might encourage similar legislative efforts targeting other tax-advantageous locations or specific crypto tax loopholes across the United States. Velázquez’s involvement adds significant weight to this legislative effort. As a senior member of Congress, her initiatives often garner considerable attention and support. This bill is not just a minor adjustment; it’s a clear signal that lawmakers are paying close attention to how crypto wealth is being taxed (or not taxed) and are prepared to take action. Impact of the Fair Taxation of Digital Assets Act on Puerto Rico Crypto Investors The potential enactment of the Fair Taxation of Digital Assets in Puerto Rico Act has significant implications for Puerto Rico crypto investors . Let’s break down the key areas of impact: Impact Area Description Potential Consequence Increased Tax Burden Investors would be required to pay both local and federal capital gains taxes on their crypto investments. Reduced profitability of crypto investments held in Puerto Rico; diminished tax advantages that attracted investors. Investment Climate Shift Puerto Rico’s attractiveness as a crypto tax haven could diminish significantly. Potential outflow of crypto investors and businesses from Puerto Rico to other jurisdictions with favorable tax regimes. Economic Repercussions for Puerto Rico Reduced investment and economic activity in the crypto sector within Puerto Rico. Potential negative impact on Puerto Rico’s economy, which has been benefiting from the influx of crypto businesses and individuals. Compliance Complexity Investors will need to navigate a more complex tax landscape, dealing with both local and federal tax regulations. Increased administrative burden and potential compliance costs for crypto investors in Puerto Rico. For those who have made Puerto Rico their home primarily for tax optimization on their crypto holdings, this bill presents a serious challenge. The financial calculus that made Puerto Rico so appealing could be fundamentally altered, forcing investors to reconsider their residency and investment strategies. Navigating Crypto Taxes: Key Considerations for Puerto Rico Investors and Digital Asset Tax If the Fair Taxation of Digital Assets in Puerto Rico Act becomes law, Puerto Rico crypto investors will need to adapt quickly. Here are some key considerations and actionable insights: Seek Professional Tax Advice: Given the complexity of tax laws and the potential changes, consulting with a tax professional specializing in digital asset tax and international taxation is crucial. They can provide personalized guidance based on your specific circumstances. Understand the Bill’s Specifics: Stay informed about the exact details of the bill as it progresses through the legislative process. Pay close attention to the definition of ‘certain investors’ and the specific types of digital assets that will be affected. Review Your Investment Strategy: Re-evaluate your crypto investment strategy in light of the potential tax changes. Consider the impact on your overall returns and whether Puerto Rico remains the most advantageous location for your crypto activities. Explore Alternative Jurisdictions: If tax optimization is a primary concern, research other jurisdictions that offer favorable tax treatment for digital assets. However, consider factors beyond just taxes, such as regulatory clarity, political stability, and quality of life. Engage in Advocacy: If you are concerned about the bill, consider engaging in advocacy efforts. Contact your representatives and express your views on the proposed legislation. Industry groups and crypto advocacy organizations may also be mobilizing to address this issue. The introduction of this bill underscores the evolving global landscape of digital asset tax and regulation. Crypto investors must be proactive in understanding and adapting to these changes to ensure compliance and optimize their financial outcomes. Future of Crypto and Tax Regulations in Puerto Rico The future of crypto in Puerto Rico and the broader landscape of crypto tax regulations are uncertain, but this bill signals a clear direction. It’s becoming increasingly evident that tax havens, even within U.S. territories, are facing increased scrutiny. Governments worldwide are seeking to capture tax revenue from the burgeoning crypto economy, and the days of lightly regulated or untaxed crypto gains may be numbered. Looking Ahead: Increased Regulatory Scrutiny: Expect to see continued and potentially intensified regulatory scrutiny of the crypto sector, particularly concerning taxation. Global Tax Harmonization Efforts: International organizations and governments are likely to collaborate more closely to harmonize crypto tax regulations and prevent tax evasion. Importance of Compliance: For crypto investors, compliance will become paramount. Maintaining accurate records, understanding tax obligations in relevant jurisdictions, and seeking professional advice will be essential. Evolution of Tax Strategies: Tax optimization strategies for crypto will need to evolve. Simply relocating to a low-tax jurisdiction may not be a sustainable long-term solution as regulations tighten globally. The situation in Puerto Rico serves as a critical case study. It highlights the tension between attracting investment through tax incentives and ensuring tax fairness and revenue collection. As the crypto industry matures, navigating the complexities of global tax regulations will be a key challenge for investors and businesses alike. In conclusion, the Fair Taxation of Digital Assets in Puerto Rico Act is a critical development for crypto investors. It represents a potential paradigm shift in how digital assets are taxed in Puerto Rico and possibly sets a precedent for broader US crypto regulation . Staying informed, seeking expert advice, and adapting proactively are essential steps for anyone involved in the crypto space in Puerto Rico and beyond. To learn more about the latest crypto tax updates and regulatory trends, explore our article on key developments shaping crypto regulation globally.
Perplexity is pushing back on a Google breakup, telling a court the real problem is Android’s tight grip on search defaults.
Bitcoin’s current trading landscape signifies a critical juncture, with market watchers split on whether the cryptocurrency is experiencing a typical correction or entering a prolonged bear phase. Market analysts are
Bitcoin exchange-traded funds (ETFs) experienced a significant surge in inflows, reflecting the growing investor interest amid fluctuating market dynamics. The recent $381.3 million influx represents a turning point for Bitcoin
US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend. The 11 Bitcoin ( BTC )-tracking funds saw a joint net inflow of $381.3 million on April 21, largely carried by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to CoinGlass data . It's the largest inflow day for the ETFs since the funds had a $588.1 million joint net inflow on Jan. 30, days after Bitcoin hit a peak and was trading with a six-figure price tag. Total Bitcoin ETF flows since their launch in January 2024. Source: CoinGlass The ETFs have struggled to maintain inflows over the past few weeks amid US President Donald Trump’s trade war threats . CoinGecko shows Bitcoin fell below $100,000 in early February and hit a 2025 low of $74,773 on April 7, days after Trump placed tariffs on every country, which also caused a stock market slump. The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second-largest inflow for April 21, with $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and the company’s Bitcoin Mini Trust ETF (BTC) saw joint net inflows of $69.1 million. The Invesco Galaxy Bitcoin ETF (BTCO) and the WisdomTree Bitcoin Fund (BTCW) saw no inflows or outflows on April 21. Source: CoinGlass BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest of the group by assets under management, saw net inflows reach $41.6 million, about half of the inflows it saw before the weekend trading break on April 17. Crypto stays afloat over long weekend US markets had shut down on April 18 in observance of Good Friday, and trading on Monday, April 21, saw them close in the red , with the S&P 500 down 2.4%, while the Nasdaq and the Dow Jones each dropped 2.5%. Related: Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes The crypto markets, meanwhile, were able to hold onto gains made over the long weekend, with the total crypto market capitalization climbing by $800 billion over the three-day break to hold at $2.84 trillion. Bitcoin has boosted that total, having climbed above a market value of $1.75 trillion for the first time since March 22 as its price struck above $88,500 , a four-week high. Magazine: Financial nihilism in crypto is over — It’s time to dream big again
TL;DR One of the crucial metrics showcasing the overall interest and use case of Ripple’s network has skyrocketed recently, which is in stark contrast to its recent downtrend behavior. This, alongside a few technical indicators, suggests an upcoming price surge for the underlying token. The metric in question is the number of active XRP addresses. Recall that it had declined significantly just a few days ago, dropping by nearly 50% within a month or so. This is a warning sign for the asset’s price as it demonstrates that users are less and less inclined to actively use the ecosystem. However, Ali Martinez outlined a massive resurgence of the number of active addresses, which skyrocketed by 67.5% on a daily scale on Sunday. This was somewhat unexpected given the relatively calm price moves during the weekend and the low trading volumes. $XRP network activity jumped 67.50%, with active addresses rising from 27,352 to 40,366! pic.twitter.com/fDiERMIYiz — Ali (@ali_charts) April 21, 2025 While the growing usage of the XRP network by more active addresses can be considered a bullish sign, so can the inverse head and shoulders pattern XRP “appears to be forming,” Martinez added. The analyst with over 135,000 followers on X believes this technical indicator can send the token flying to $2.7. Such a potential surge would represent a 30% increase from the current levels, given that XRP has retracted slightly to under $2.1 now. $XRP appears to be forming an inverse head and shoulders pattern, signaling a potential bullish breakout toward $2.70. pic.twitter.com/Wm5FW7BPgW — Ali (@ali_charts) April 21, 2025 Additionally, the squeezing Bollinger Bands indicated that XRP’s consolidation is coming to an end, which could trigger a big move in either direction. The post Vital Ripple Metric Sees 67% Surge: Is XRP Preparing for a Major Rally? appeared first on CryptoPotato .
Attention AI Innovators! The clock is ticking, and the opportunity is dwindling. Are you ready to catapult your AI marvel into the limelight? Bitcoin World Sessions: AI is your launchpad, and exhibit tables are vanishing faster than you can say “artificial intelligence”. Consider this your urgent alert – the May 9th deadline to book your exhibit space is hurtling towards us. Forget about ‘next year’ or waiting for a ‘better time’. This is your moment. Secure your exhibit table now and plant your flag at the epicenter of the AI revolution. Why Bitcoin World Sessions: AI is The AI Event You Can’t Miss Mark your calendars for June 5th. UC Berkeley’s Zellerbach Hall will transform into a nexus of AI brilliance as Bitcoin World Sessions: AI convenes. Imagine a space pulsating with the energy of over 1,200 AI visionaries – decision-makers, sharp-eyed investors, ingenious engineers, and groundbreaking founders – all on the hunt for the next wave of AI solutions and collaborations. This isn’t just another tech gathering; it’s the AI event where connections are forged, deals are sealed, and the future of AI is shaped. The question isn’t whether the AI world will be there, but whether your AI innovation will be discovered – or if your competitor will steal the spotlight. The choice is yours. Unlock Unparalleled Exposure for Your AI Innovation Exhibiting at Bitcoin World Sessions: AI isn’t just about having a table; it’s about strategically positioning your brand for maximum impact. Here’s why securing your spot is a game-changer: Unrivaled Visibility: Get your brand directly in front of 1,200+ highly qualified attendees – the very people who are actively seeking and investing in AI innovation . Credibility Amplifier: Solidify your standing as a trusted and influential voice in the fiercely competitive AI space . Showcase your expertise and thought leadership to an audience that matters. Strategic Networking: Cultivate invaluable relationships with investors eager to fund groundbreaking projects, media outlets ready to amplify your story, and potential clients hungry for cutting-edge solutions. Conversation Catalyst: Be at the heart of the most crucial dialogues shaping the future of AI. This is where the important conversations happen, and you need to be part of them. What’s Included in Your Exhibit Tables Package? When you book your exhibit tables at Bitcoin World Sessions: AI, you’re not just getting a space; you’re gaining access to a comprehensive platform designed to maximize your ROI. Here’s a sneak peek at what awaits you. For a complete breakdown, dive into the Bitcoin World Sessions: AI exhibit page. Feature Description Dedicated Exhibit Space A full-day 6’ x 3’ exhibit area to showcase your AI innovation . Brand Amplification Your brand prominently featured on-site at the tech conference , on the event website, and within the event app – ensuring maximum visibility. Team Access A ticket bundle for your team, allowing multiple representatives to engage and network effectively. Lead Generation Exclusive access to high-value leads, connecting you with potential clients and partners actively interested in AI solutions . Comprehensive Support And much more – including logistical support and opportunities to further enhance your presence. Act Fast: Exhibit Tables are Selling Out! The final curtain call for booking exhibit tables is May 9th at 11:59 p.m. PT. However, waiting until the last minute is a risky game. Demand is high, and tables are being snapped up rapidly. Don’t gamble with your opportunity to be part of this landmark AI event . Book your table now to guarantee your place and make an indelible mark on the AI conversation . Ready to take the plunge? Learn more and book your table here. Expand Your Reach: Explore Other Bitcoin World Tech Conference Opportunities Looking to amplify your brand across a wider spectrum of events? Bitcoin World offers a suite of tech conference experiences tailored to different audiences and objectives. Bitcoin World All Stage: Connect with 1,200+ founders and VCs at every stage of their entrepreneurial journey. Whether they’re launching, scaling, or planning an exit, these are key decision-makers actively seeking brands like yours. Book your exhibit table at TC All Stage here. Disrupt 2025: Our flagship conference, Disrupt 2025, is a massive convergence of over 10,000 tech leaders, VCs, and visionaries spanning diverse industries – from fintech and AI to space and beyond. Gain unparalleled exposure to thousands of industry titans. Reserve your exhibit table at Disrupt 2025 here before they vanish. Don’t let this pivotal moment pass you by. Secure your spot at Bitcoin World Sessions: AI and position your AI innovation for the recognition it deserves. The AI spotlight awaits! To learn more about the latest AI event trends, explore our article on key developments shaping AI features.
Coinbase’s recent CFTC approval has paved the way for launching XRP futures, significantly enhancing institutional access to the altcoin. The regulatory shift from the CFTC simplifies crypto derivatives registration, setting
A planned settlement between the US Commodity Futures Trading Commission and crypto exchange KuCoin will likely be delayed after a policy shift at the CFTC to deprioritize cases against crypto companies under the Trump administration. CFTC attorney John Murphy submitted a letter on April 21 to District Judge Valerie Caproni, asking for more time to secure approval for a deal negotiated under the Biden administration, reported Law360. “It appears unlikely that such authorization will be granted in the near term,” he said, referencing a recent statement by acting CFTC Chair Caroline Pham that the agency’s enforcement division was to deprioritize cases against crypto companies. The CFTC charged KuCoin with “multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations” in March 2024. According to the Justice Department, which also filed charges against KuCoin and two founders for violating Anti-Money Laundering laws, the exchange received more than $5 billion and sent more than $4 billion in “suspicious and criminal funds.” KuCoin , trading under Mek Global Limited, reached a $297 million settlement with the Department of Justice in January and agreed to exit the US market for at least two years. In December, the CFTC and KuCoin informed the court that they reached an agreement in principle to settle the case, however terms and details of the proposed deal were not disclosed. In March, KuCoin asked the judge for a 14-day stay to address further negotiations in line with President Trump’s executive order curtailing enforcement actions against the digital asset industry. However, this request was denied, with the judge pressing for negotiation status updates. No majority at CFTC When Pham announced in February that the Commission would wind down its practice of regulation by enforcement, she also noted that terminating active cases would be more difficult to deal with. The CFTC needs a majority to dismiss a case or authorize its settlement, and there is currently no majority, with two members from each party sitting on its governing body. This could change if the Senate confirms the appointment of Trump nominee Brian Quintenz to lead the financial regulator. Both parties have requested an additional 60 days or until the Commission provides “definitive direction” on the matter. Related: US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives On April 21, the CFTC’s Divisions of Market Oversight issued a request for comment to better inform them on the potential uses, benefits, and risks of perpetual contracts in derivatives markets. “Innovation and new technology have created a renaissance in markets that presents new opportunities that are accessible to more people, as well as risks,” said Pham. Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest