Bitcoin is on the verge of breaking its all-time high, fueled by a massive $54.5 million leveraged long position and positive market sentiment driven by US-China trade talks. A newly
Netcapital, a NASDAQ-listed company, announced its acquisition of Mixie, an AI-powered Web3 platform, bridging traditional capital markets with Web3 innovation.
Strategy has added 1,045 more BTC to its already massive treasury. This news comes from a recent U.S. Securities and Exchange Commission filing. With this latest purchase, the Nasdaq-listed firm continues to lead the charge among public companies embracing Bitcoin as a long-term asset. Strategy Nearly Holds 3% of Bitcoin Fixed Supply As shared in an X post, Strategy bought 1,045 BTC for $110.2 million between June 2 and 8 at an average price of $105,426. This brings its total holdings to 582,000 BTC, worth over $62 billion. The company has spent $40.8 billion overall, with an average cost of $70,086 per coin. The company now has about $21 billion in unrealized gains and owns almost 3% of Bitcoin’s total supply . Strategy keeps buying Bitcoin regularly. Just before the latest purchase, it bought 705 BTC for $75.1 million between May 26 and June 1, at an average price of $106,495. Chairman Michael Saylor has also hinted at further Bitcoin buys . Strategy Funds Bitcoin Latest Buy With Preferred Stock Strategy paid for its recent Bitcoin buys by selling two types of preferred stock: STRK and STRF. Last week, it sold 626,639 STRK shares for $66.4 million and 432,679 STRF shares for $45.8 million. The company still has $20.6 billion worth of STRK and $2 billion of STRF left to sell. It did not sell any of its regular MSTR shares last week, though $18.6 billion is still available under that plan. Strategy’s preferred stock programs are part of a larger blueprint it calls the “42/42” plan. This plan aims to raise $84 billion by 2027 to buy more Bitcoin. This plan initially started as “21/21,” with a $42 billion goal, but was doubled later. Last week, Strategy also launched a new stock, STRD , which pays a 10% yearly dividend. STRD is non-convertible and non-cumulative. In contrast, STRK is a convertible stock with an 8% fixed annual dividend, while STRF is non-convertible and offers a 10% cumulative dividend. A Trend Other Companies Are Following Strategy is not alone in building a bitcoin treasury. A total of 144 companies have adopted this model, with 114 of them publicly traded. Newer entrants include Tether-backed Twenty One, Trump Media, GameStop, and Basel Medical group , joining earlier adopters like Metaplanet and Semler Scientific. Analysts at Bernstein believe these companies, led by Strategy, could collectively add $330 billion in Bitcoin over the next five years. They see a more crypto-friendly U.S. government as a potential driver of this trend. Despite some investor concerns, the Strategy is doing well. Its market cap is $102.4 billion, and it has low debt with no big payments due until 2028. MSTR stock rose 1.5% on Friday to $374.47 and was up 2.3% Monday morning. The post Strategy Buys Bitcoin Worth $110M, Pushes Holdings to 582,000 BTC appeared first on TheCoinrise.com .
Circle stock price continued its strong surge on Monday, boosting its market capitalization to over $27 billion. CRCL jumped to $138.27, a significant increase from its offer price of $31. The rally was driven by investor appetite for exposure to the growing stablecoin industry, which Citi expects it to be worth over $1.6 trillion by 2030. Circle’s performance makes it the best-performing IPO of the year. However, there are two key reasons why the stock may be due for a reversal. Valuation concerns remain Circle’s stock price may face downside pressure due to valuation concerns. Its current market capitalization of $27 billion represents roughly 45% of its total USD Coin ( USDC ) assets, which is relatively high. In its most recent earnings disclosure, Circle posted $1.6 billion in annual revenue for 2024, up from $1.45 billion in 2023. Net income came in at $155 million, giving the stock a price-to-earnings ratio of 174.2, well above industry norms. While Circle may deserve a premium valuation due to its leading position in the stablecoin market, a key risk is the potential for earnings growth to slow. This risk becomes more pronounced if the Federal Reserve begins cutting interest rates later this year and into 2026, as Polymarket traders expect. Circle’s core business earns revenue by investing its reserve assets in government bonds—whose yields are likely to decline as rate cuts begin. You might also like: Circle IPO priced above range at $31 per share ahead of NYSE debut Post IPO momentum to lose steam amid profit-taking Another reason Circle stock could retreat is the potential loss of post-IPO momentum, a common pattern observed with newly listed companies. For example, Coinbase opened at $380 on its IPO day and climbed to $430 shortly after, only to plunge to a record low of $30 in 2023. More recently, Webull stock jumped from $10 to $80 post-IPO and has since dropped to $11. Similarly, Robinhood rose from $35 to $84 after listing, then fell to $6.74 in 2022. Robinhood stock jumped from $35 on its IPO day to $84 on the following day, and then lost momentum, reaching a low of $6.74 in 2022. This performance happens as the post-IPO momentum fades and investors start to take profits. Also, the IPO hype will be followed by the fear of the December lock-up expiry, which will let insiders sell their stock. Historically, stocks drop towards the lock-up period. You might also like: “No need to go public:” Tether brushes off IPO talk post Circle debut
Chainlink’s blockchain protocol facilitated a simulated exchange between Hong Kong’s prototype central bank digital currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Programme. Chainlink Enables Direct e-HKD to Australian Stablecoin Exchange in Test The Hong Kong Monetary Authority (HKMA) initiative involves Visa, ANZ, Fidelity International, and ChinaAMC Hong Kong
XRP price has remained below the psychological level of $3 since January, but one crypto pundit believes it could surge to $27 if the Securities and Exchange Commission approves spot ETFs. Ripple ( XRP ) was trading at $2.25 on Monday, June 9, up 9.35% from its monthly low and 40% above the year-to-date low. XRP has two key bullish catalysts that could push its price higher in the long term. First, the odds of the SEC approving a spot XRP ETF have jumped to 87% on Polymarket . This spike is due to increased crypto support from the SEC under Paul Atkins. Approval of an XRP ETF would likely lead to substantial inflows. JPMorgan projects over $8 billion in the first year alone. However, there’s a risk that the market has already priced in the approval, which may come by October. Second, Ripple Labs aims to become a dominant player in cross-border payments through partnerships with banks and other companies. CEO Brad Garlinghouse believes that the end of the SEC lawsuit will help it accelerate partnerships with American companies. The challenge is that Circle has become a major competitor in this business through its Circle Payment Network. CPN connects banks and other companies, letting them send payments that settle in seconds. You might also like: IXS crypto surges on user spike, but pullback could follow Crypto pundit sees XRP price hitting $27 One crypto pundit with over 84,000 followers on X believes XRP will rise from $2.26 to $27 following ETF approval. He cited a bullish pennant formation on the monthly chart and a technical framework called the “guardian arch,” which uses the 21-period EMA and 33-period SMA to project future price levels. #XRP – The Guardian Arch ($20-$27): Key Targets and Strategy By now, you should understand what I mean about targeting double digits. But please, I urge you, don’t wait for just one target to sell. Always take profits rationally and set clear, specific targets. I can’t stress… pic.twitter.com/ORiSEszwic — EGRAG CRYPTO (@egragcrypto) June 9, 2025 At $27 per token and assuming constant supply, the market cap would swell to $1.9 trillion—an unlikely outcome in the near term. By comparison, this would imply a $30 trillion Bitcoin market cap if the current BTC-XRP ratio held. XRP price short-term target XRP price chart | Source: crypto.news The daily chart shows that XRP has pulled back from its year-to-date high of $3.40 to $2.2592. The token is consolidating near the 50-day and 100-day moving averages, while the Average True Range has dropped to its lowest point since Nov. 29, indicating declining volatility. The biggest technical risk for XRP is the formation of a descending triangle pattern, with key support at $1.9255. A break below that level could signal further downside, potentially taking the price below $1.00. You might also like: Shiba Inu price plot thickens as whales dump continues
The South Korean cryptocurrency market continues to influence global trends, with Bitcoin World’s K-Community data revealing the most searched and discussed tokens from May 29 to June 4. While XRP
Analysts say Bitcoin could break its all-time high within 1–2 weeks, following breakout patterns seen recently in gold and the S&P 500.
CBOE FILES PROPOSAL TO PERMIT STAKING FOR INVESCO GALAXY ETHEREUM ETF $ETH #Ethereum
Cryptocurrency exchange Coinbase announced in its official statement that it will list Fartcoin (FARTCOIN). FARTCOIN, which was recently added to the roadmap for listing on the spot market, has been criticized by some crypto users for being a new memecoin and being frivolous. Until recently, Coinbase had a stricter procedure for listing, but this has changed with the softening of the regulatory environment in the US. *This is not investment advice. Continue Reading: BREAKING: Coinbase Lists Surprise Altcoin for Futures – Spot Listing Had Sparked Backlash