MicroStrategy Raises BTC to 629,376 with 430-BTC Buy
MicroStrategy has expanded its BTC holdings to 629,376 after acquiring 430 BTC at an average price of $119,666 each, funded by preferred stock sales of STRK, STRF and STRD. Meanwhile, investment firm MetaPlanet purchased 775 BTC at around $120,006 per coin, raising its total to 18,888 BTC and targeting 30,000 BTC by end-2025. On-chain tests show Solana processed 107,540 TPS—over 25 times its usual throughput and surpassing Visa’s 65,000 TPS limit—highlighting Solana’s scalability potential. Web3 wallet Backpack will publish daily proof-of-reserves reports, audited by OtterSec, to ensure transparency. Lastly, crypto influencer Charles O. Parks III pled guilty to a ‘cryptojacking’ scheme using stolen cloud computing power, facing over a year in prison and forfeiting $500,000. These developments underline shifting BTC accumulation trends, network performance benchmarks and compliance measures affecting trader strategies.
Bullish
MicroStrategy’s continued BTC accumulation signals strong institutional confidence and sustained demand, a pattern that has historically driven price rallies. MetaPlanet’s stake increase and Solana’s record TPS performance further bolster market optimism by demonstrating both growing network utility and scaling prospects. Backpack’s daily proof-of-reserves enhances custodial transparency, reducing counterparty risk. Collectively, these developments may spur short-term bullish trading as investors chase momentum and long-term confidence in network fundamentals, echoing previous bullish cycles following major institutional BTC buys and technological milestones.