Ricardo Salinas Pliego considers investing his entire wealth in Bitcoin. Salinas holds minimal stocks, viewing Bitcoin as central to his investment strategy. Continue Reading: Mexican Businessman Boldly Embraces Bitcoin for Wealth Management The post Mexican Businessman Boldly Embraces Bitcoin for Wealth Management appeared first on COINTURK NEWS .
Bitcoin is currently trading at $117,617 within a rising wedge formation, with key breakout levels set at $110K for downside support and targets ranging from $130K to $380K for potential
El Salvador’s Bitcoin strategy involves daily purchases, maintaining a reserve of 6,266 BTC valued at over $770 million, showcasing a long-term commitment to cryptocurrency. El Salvador has consistently purchased Bitcoin
There have been notable whale movements in the cryptocurrency market in the last 24 hours. Bitcoin wallet “19D5J8”, which has been dormant for five years, transferred 3,000 BTC ($353.16 million) from its 23,969 BTC ($2.82 billion) holdings to a new wallet. The whale wallet's last transaction, on December 13, 2020, was trading at around $20,000. At the time of writing, BTC is trading around $117,000. Meanwhile, the Ethereum Foundation-affiliated wallet 0xF39d sold 7,294 ETH ($33.25 million) at an average price of $4,558 over the past three days. The wallet previously attracted attention in June 2022 when it bought 33,678 ETH ($40.2 million) at an average price of $1,193. Related News: Ethereum Founder Vitalik Buterin Discusses the Growing Number of ETH Companies: Will They Pose a Threat? Machi, one of the industry's well-known big whales, has returned to the market. Machi opened a 5x leveraged long position in PUMP and HYPE tokens, while also maintaining long positions in ETH (25x) and BTC (40x). However, the investor is reportedly currently facing losses of approximately $5.7 million. *This is not investment advice. Continue Reading: The Billion-Dollar Bitcoin Whale That Had Been Sleeping for Years Has Woken Up: It Made a Transaction
Bitcoin’s spot price is currently hovering near the Short-Term Holder cost basis, indicating a critical market pivot that could influence future price movements and investor sentiment. Bitcoin’s spot price aligns
Bitcoin reached a record price of $124,400 in August 2025, followed by a classic bull trap. This pattern caused significant market shifts and highlighted risks for both retail and institutional
Financial Times (FT) reports that American Bitcoin, a U.S. cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is actively seeking acquisitions of listed companies in Japan and potentially Hong Kong to amass bitcoin reserves. According to three unnamed sources speaking with FT, the firm—which already develops its own strategic bitcoin holdings—has begun investor
The recent Trump-Putin summit addressed the Russia-Ukraine conflict, emphasizing geopolitical strategies without any mention of Bitcoin, leading to notable volatility in the crypto market. Geopolitical discussions dominated the meeting, impacting
Top Win International has announced a $10 million raise that will be used to buy Bitcoin, making it the first company in Taiwan to adopt a Bitcoin treasury strategy. The move, unveiled on August 15, comes as more publicly listed firms around the globe add crypto to their balance sheets. WiseLink Leads Investment According to the company, Taiwan-based fintech firm WiseLink played a major role in the raise. WiseLink purchased three-year convertible notes and signed a memorandum of understanding with Top Win, outlining a plan to work together on what it calls a “bitcoin + cross-border finance” initiative. Other private investors also took part, including Chad Koehn, founder of United Capital Management of Kansas. The fresh capital will be directed mainly toward Bitcoin purchases, with a portion kept for working capital needs. Stock Reaction To Bitcoin Strategy The news of the capital raise was seemingly well-received by market participants on Friday. At the time of writing, Top Win International’s stock had seen a pre-market price increase of 12.5%, trading at $5.80. The price was a 50% drop from the $12.12 reported in pre-market trading on the day that the company announced its pivot to Bitcoin accumulation. Still, the stock is up almost 51% year-to-date, showing investors remain engaged despite the swings. Riding The Bitcoin Treasury Trend Reports have disclosed that Top Win is joining a growing list of companies holding BTC as a core reserve. Market data shows 167 public companies now count Bitcoin on their balance sheets. Together, they hold more than 976,132 BTC. Strategy remains the largest holder with 628,945 BTC, while Metaplanet and Trump Media & Technology Group Corp. are listed with 18,110 and 15,000 BTC respectively. Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order. In addition, Treasury is committed to exploring budget-neutral pathways to acquire more… — Treasury Secretary Scott Bessent (@SecScottBessent) August 14, 2025 Like these companies, Top Win has positioned its bet as a long-term strategy, but it has also hinted at investing in other Bitcoin treasury firms in the future. Political Support Adds Fuel Momentum around Bitcoin treasury adoption has also been boosted by recent comments from US Treasury Secretary Scott Bessent. On Thursday, Bessent said government-seized Bitcoin would form “the foundation of the Strategic Bitcoin Reserve ” announced by US President Donald Trump in March. That statement has been seen by market observers as a sign of stronger institutional backing for Bitcoin in the US. For Top Win, the decision is a major step beyond luxury retail. The Hong Kong-based company, listed on Nasdaq under the ticker SORA, originally announced its digital asset venture in May. Featured image from Unsplash, chart from TradingView
While the cryptocurrency market is experiencing some exciting days with Bitcoin breaking a new all-time record and Ethereum approaching it, analysis firm Santiment has taken a closer look at the current state of the market. In a video they published, company analysts evaluated market sentiment and possible future movements using on-chain and social metrics. According to Santiment's analysis, despite the price increase, Bitcoin's trading volume has declined since its peak in July. This is being interpreted as a sign of a “bearish divergence” in the market. Similarly, daily active addresses and network growth are also declining, raising questions about the sustainability of the price increase. Meanwhile, Santiment's analysis of MVRV (Average Realized Value Ratio) points to a “slight danger zone” for Bitcoin. The long-term MVRV of 21% suggests that prices may remain under some pressure. The situation is different for Ethereum, where its 90-day MVRV is 40% and its 365-day MVRV is 57%. Analysts warn that these high values could lead to further price declines. Related News: Canary Capital CEO Claims Bitcoin Will Reach This Point and Then Experience a Major Bear Market Santiment data also reveals the behavior of different investor groups in the market. Large investors, known as “whales,” who hold between 10 and 10,000 Bitcoin, have been accumulating continuously since March 22nd and have not sold their assets even after the recent price record. This is considered a positive signal, as it demonstrates the whales' confidence in the market and their long-term perspective. However, individual investors holding less than 0.1 Bitcoin are also buying. Analysts note that simultaneous buying by both large and small investors generally indicates a need for a market “cooling.” The rise in “buy on the dip” rhetoric on social media following the recent price drop is generally considered a contrarian indicator, suggesting some over-optimism in the market. Analysts caution that all of these indicators represent market euphoria and that investors should exercise caution. *This is not investment advice. Continue Reading: Analytics Firm Warns: “Bitcoin Price May Need to Cool Off” – They Shared Their Expectations