CHART: Bitcoin crashes toward Strategy (MSTR) cost basis

2025年03月18日

As bitcoin’s (BTC) price has fallen since Donald Trump took office, it is converging toward the corporate cost basis at Strategy.

Michael Saylor’s giant BTC holding company owns 499,226 coins acquired for an average of $66,360 apiece. Today, a concerningly slim, 27% cushion separates BTC’s declining price from the company’s cost basis.

For years, Strategy (formerly MicroStrategy) enjoyed a generous price cushion between BTC and its prior purchases. For example, in celebration of Trump’s January 20 inauguration, BTC hit an all-time high of $108,786 — 73% above Strategy’s average purchase price of $62,691 at the time.

There have been even better times, such as 2021 or mid-2024, when the price of BTC was more than double Strategy’s cost basis.

However, crypto entered a bear market shortly after Trump entered the White House. The president continued to promote memecoins, declined proposals for buying Saylor’s recommended 4 million BTC or Cynthia Lummis’ recommended 1 million BTC for any US Strategic Bitcoin Reserve, and vacillated on tariff policies that decimated broad markets, including BTC.

As BTC’s price has declined, it has revealed Saylor’s dwindling power. Although the run-up to Trump’s inauguration was an ideal environment for him to tell stories about what BTC could do during Trump 2.0, the world is learning what the currency is actually doing during Trump 2.0.

So far, it’s not doing well.

Click to enlarge

BTC price cushion and Strategy share premium down 50% YTD

Bitcoin is currently trading around $84,500 and has wiped approximately 50% off Strategy’s cost basis cushion since the day Trump took office. The premium investors are willing to pay for Strategy shares (MSTR) above its BTC holdings has similarly halved from above 3.4X on November 20 to approximately 1.8X per basic share today.

Most of Strategy’s BTC purchases since November 18, 2024, are in the red. On November 18, Strategy bought 51,780 BTC at $88,627. Since then, it made several more large BTC purchases, including four purchases over $100,000.

Naturally, this caused Strategy’s dollar cost average to spike from slightly under $40,000 at the beginning of November to its current $66,360.

Saylor recently announced his intention to buy a memetic quantity of BTC: $21 billion. Of course, he has not actually purchased that much yet. On March 10, he announced the start of the preferred share sale. To date, he hasn’t even spent his first billion.

This morning, Strategy announced it had purchased 130 BTC — its second-smallest purchase in history besides a paltry 32 BTC buy in late March 2024.

MicroStrategy wanted bitcoin rule change — not billions in tax bills

Read more: Why have MicroStrategy insiders been dumping MSTR?

The long road to $21 billion more bitcoin

It’s too early to tell whether this morning’s relatively small BTC purchase is a sign that Saylor is dialing back his intentions.

The long road from today to actually spending $21 billion to acquire BTC is also an example of the difficulty of keeping a corporation’s cost basis down and not converging toward BTC’s price itself.

There are claims that Strategy’s purchases directly influenced the price of BTC in 2024, with one estimate suggesting that the company was behind 28% of last year’s capital inflows.

That’s far from a holistic analysis of all sources of demand for BTC, however, with other estimates placing Strategy below 1% of BTC trading volumes — most of which is offshore, crypto-to-crypto, and not traceable to USD.

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Best Presales to Buy Today – Are These the Next Viral Pumps?

2025年03月18日

The most promising cryptocurrency presales present unique early-stage investment opportunities, with the potential to deliver 10x, 50x, or even 100x returns once they become available on major exchanges.

During the presale phase, tokens are offered at a set fraction of a cent, insulating them from market fluctuations and providing early investors with an advantage before prices surge post-launch.

Leading presales frequently secure millions in funding before exchange listings, fostering strong liquidity and hype. By the time they debut on exchanges, these projects are often positioned for substantial growth.

Here are five standout presale projects that show significant growth potential this year.

Solaxy ($SOLX) is setting a new standard for the Solana ecosystem by introducing its first Layer 2 scaling solution. This innovation directly addresses network congestion, slashes transaction fees, and significantly enhances scalability.

By processing transactions on a proprietary secondary layer before sending them back to Solana’s mainnet, Solaxy notably boosts efficiency and cost-effectiveness.

Furthermore, Solaxy ensures full interoperability with Ethereum, enabling seamless liquidity transfers and cross-chain functionality.

To bolster security, Solaxy has successfully passed a comprehensive smart contract audit conducted by Coinsult.

With staking rewards paying up to 153% APY, an impressive $26.7 million raised in its initial coin offering, and growing speculation around a potential Solana ETF, Solaxy appears primed for substantial expansion.

Stay connected with Solaxy on X and Telegram.

BTC Bull ($BTCBULL): The Meme Coin That Pays in Bitcoin

BTC Bull ($BTCBULL) is revolutionizing the meme coin landscape by paying automated Bitcoin rewards to holders, turning it into a meme token with real financial utility.

Whenever Bitcoin crosses certain price benchmarks, BTC Bull holders receive automatic BTC payouts, blending meme culture with passive income potential.

This presale has already captured strong investor interest, hitting $100,000 in funding within minutes and netting $3.7 million in its first month so far.

With a presale price of $0.00241, which will increase as the ICO progresses through different phases, and staking rewards paying up to 114% APY, BTC Bull presents a compelling opportunity for investors seeking high returns.

Stay updated with BTC Bull on X and Telegram.

MIND of Pepe ($MIND): AI-Enhanced Market Insights Meets Meme Culture

MIND of Pepe ($MIND) is a sci-fi style project that fuses artificial intelligence with the viral appeal of meme culture, creating a unique investment opportunity in the crypto space.

Its AI-powered assistant delivers real-time market analysis, investment strategies, predictive insights, and interactive engagement via social platforms like X and Telegram.

Consequently, investor enthusiasm has been strong—MIND of Pepe raised $500,000 within the first 24 hours of its presale, with total funding now passing $7.5 million.

With staking rewards set at an impressive 304% APY, MIND of Pepe is carving out a leadership position in the AI-integrated meme token sector.

Stay connected with MIND of Pepe on X and Telegram.

Best Wallet ($BEST): A Game-Changer in Crypto Wallets and Presale Access

Best Wallet ($BEST) is changing digital asset management with advanced security, enhanced trading capabilities, and a unique presale discovery tool that sets it apart from competitors like MetaMask and Trust Wallet.

Supporting over 1,000 cryptocurrencies, Best Wallet simplifies portfolio management, yield farming, and DeFi investments through its user-friendly mobile application, available on both iOS and Android.

One of its praised features is the “Upcoming Tokens” tracker, which enables users to identify high-potential presales before they gain widespread attention.

Equipped with Fireblocks’ industry-leading MPC-CMP encryption for robust security, Best Wallet has already raised $11 million in presale funding, showing strong investor confidence in its potential.

Follow Best Wallet on X and Telegram.

Meme Index ($MEMEX): A Smarter Way to Invest in Meme Coins

Lastly, Meme Index ($MEMEX) introduces an innovative, index-based investment model that accommodates different risk preferences, simplifying meme coin investments.

Rather than focusing on a single meme coin, $MEMEX holders gain exposure to a curated portfolio of top-performing meme projects. Additionally, token holders can participate in governance, influencing which meme coins get added to or removed from the baskets and other strategic decisions.

The presale has already raised $4 million, with early staking rewards paying an extraordinary 561% APY—though these rates will decline as more investors participate.

As meme coins continue to dominate the crypto market, Meme Index offers a structured and diversified approach to investing in this sector’s growth.

Follow Meme Index on X and Telegram.

The post Best Presales to Buy Today – Are These the Next Viral Pumps? appeared first on Cryptonews.

US Money Supply Soars: What It Means for Crypto?

2025年03月17日

This growth isn’t just a one-off; it’s the 11th consecutive month of money supply expansion. The total amount of U.S. dollars in circulation has now hit $21.6 trillion.

That’s just $16 billion shy of the all-time high set in April 2022. But it’s not just the U.S. that’s ramping up the money supply.

Rising Money Supply Boosts Crypto’s Appeal as an Inflation Hedge

Globally, the total money supply has increased by about $2.0 trillion over the past two months. It reached its highest point since September 2024. So, what’s the big deal? Well, when the money supply grows, it often raises concerns about inflation. More money in the system means more cash chasing the same goods, driving prices up. But for the crypto industry, this trend could be a blessing in disguise.

As fiat currencies flood the market, many investors are looking for alternative stores of value. This is where cryptocurrencies like Bitcoin and Ethereum come in. Digital assets are often seen as hedges against inflation. Unlike traditional currencies, they have a fixed supply or use decentralized networks to control their issuance. With the dollar losing some of its purchasing power, investors may turn to cryptocurrencies as a way to protect their wealth. This is where the potential for growth in the crypto sector lies.

Bitcoin’s Growing Role as an Inflation Hedge

Bitcoin, in particular, is often referred to as “digital gold”. So, its role as a store of value becomes even more relevant as concerns about inflation grow. With money supply expanding both in the U.S. and globally, demand for decentralized and inflation-resistant assets could continue to rise.

As the money supply continues to grow, we could see more interest in alternative assets, particularly cryptocurrencies. This presents a golden opportunity for those involved in the digital space. Some might argue that inflation is just around the corner. The crypto market offers a solid hedge against financial risks.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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