“Joining the S&P 500 signifies a pivotal moment that underscores our business’s robustness and the dedication of thousands who are crafting tools to broaden economic accessibility across our affiliates including Square, Cash App, Afterpay, TIDAL, Proto, and Bitkey,” noted the company in a press release. “We are grateful to our customers, teams, and shareholders who have accompanied us throughout this journey. We’re only just beginning.”

Established in 2009 as Square, Block Inc (ticker XYZ) initially concentrated on financial services and mobile payment solutions. It underwent a rebranding process in December 2021 to reflect its mounting interest and engagement in blockchain and digital assets.

Block’s Bitkey branch offers a straightforward self-custody wallet for Bitcoin, and Proto provides a range of Bitcoin mining products and services. Block’s inclusion in the S&P 500 occurs approximately two months after Coinbase, the first exclusive crypto company, joined the benchmark index, supplanting Hess to be acquired by Chevron.

Starting last summer, Block has been allocating 10% of its Bitcoin earnings to BTC monthly and has made its treasury blueprint public so others can emulate. The company owns 8,584 BTC, equivalent to roughly $1 billion at the present value.

In November, Block announced it would scale back investments in the music streaming app Tidal and discontinue the decentralized web platform development team at TBD. Block recently settled a $40 million case with New York’s chief financial regulator over AML violations. The stock currently trades at approximately $72.82 per share, with a market capitalization of roughly $44.8 billion, based on The Block’s XYZ price data.

Disclaimer: The Block operates independently as a media outlet that provides news, research, and data. Foresight Ventures, a dominant investor of The Block as of November 2023, also invests in other crypto-related firms. Crypto exchange Bitget is a key LP for Foresight Ventures. The Block continues to deliver impartial, significant, and timely details about the crypto industry. Please see our existing financial disclosures for more information.

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“In 21 years, you’ll regret not buying more,” Saylor tweeted to his 4.4 million followers. Over the past year, the Strategy co-founder has gained approximately 1 million followers on the social media platform.

Strategy’s latest Bitcoin acquisition took place on June 23 when the company bought 245 BTC for $26 million, increasing its total holdings to 592,345 BTC, worth over $63.6 billion.

With its Bitcoin treasury, Strategy holds the position of the largest known corporate Bitcoin holder globally. In fact, Saylor’s firm owns over twice as much Bitcoin as the top 20 public Bitcoin treasury firms combined, as per the data from BitcoinTreasuries.

Analysts are still discussing if Strategy’s quick Bitcoin accumulation could cause a supply shock, pushing BTC prices up. However, other market players are questioning the sustainability of the corporate Bitcoin treasury model used by Strategy and its imitators that fund their BTC purchases with debt and equity – a potential issue that could induce the next Bitcoin bear market.

Strategy is unlikely to collapse under this pressure, but newer treasury companies might. A recent report from venture capital firm Breed suggests that only a few Bitcoin treasury companies will survive once Bitcoin prices fall.

“With inevitable failures, the strongest players are expected to acquire struggling companies and consolidate the industry,” the authors of the Breed report wrote.

“Newer treasury companies face this risk more severely, as they will have to raise capital under stricter terms and at higher leverage ratios than Strategy,” according to Breed.

The report highlighted that Strategy has a considerably higher chance of surviving the next major market downturn due to its size, BTC holdings, and its history of withstanding a previous bear market.

Strategy has shown discipline by continuing to accumulate Bitcoin even during the bear market, a characteristic that is likely to be seen in other successful BTC treasury companies, added the authors.

Jeff Walton, a Strategy investor and market analyst, recently forecasted a 91% probability of the company joining the S&P 500, a stock index of the 500 largest companies listed on the US stock market, in Q2 2025.

The post Saylor’s Strategy Co. Indicates Potential Bitcoin Acquisition for 11th Week in a Row appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

This surge represents a substantial departure from the S&P 500’s long-standing average volatility, which is typically under 20. However, Bitcoin has consistently experienced high volatility since its inception. In fact, according to BlackRock, “Bitcoin’s volatility remains high at 3.9 and 4.6 times that of gold and global equities, respectively.”

Trump’s trade war, which proposed tariffs ranging from 10% to 50% on imports from America’s major trading partners, has created crisis-like volatility in the stock market. Although Trump has since temporarily halted some of his imposed tariffs, the administration has escalated duties on Chinese imports to at least 145%. This volatility has also impacted other assets, most notably US Treasuries, which saw a significant sell-off this week. The 10-year Treasury bond yield is on pace for its most drastic increase since 2001.

Despite the “macro relief” brought about by the historic relief rally in the US equity markets on April 9 following Trump’s tariff pause, Bitcoin and its spot exchange-traded funds (ETFs) did not significantly benefit. Bitfinex analysts suggested in a note to Cointelegraph that “institutional confidence remains cautious in the near term.”

Bitfinex expressed optimism for the asset class from the second quarter through the end of 2025, citing “new narratives taking hold,” such as sovereign accumulation and the growth in real-world asset tokenization. Joe Burnett, Unchained’s Director of Market Research, echoed this sentiment, arguing that Bitcoin possesses more appealing attributes for long-term investors concerned about the impact of government policy and fiat risk on their portfolios. While the volatility spike in the S&P 500 is likely to be transient, its recent performance “challenges the belief that traditional markets are safer, less risky, or more stable.”

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Elliot Chun, a partner at Architect Partners, expressed this sentiment in his March 28 blog post. Chun stated, “By 2030, I predict that one-fourth of the S&P 500 will have Bitcoin in their balance sheets as a long-term asset. The push for this change comes from treasury managers who feel they must at least explore the potential of Bitcoin.”

According to data from BitcoinTreasuries.NET, Strategy (MSTR) currently holds the most Bitcoin among the 89 publicly traded firms with Bitcoin in their portfolios. In light of GameStop’s recent $1.3 billion notes offering, another company is poised to join the Bitcoin investor list.

Presently, Tesla and Block are the only S&P 500 companies with Bitcoin holdings, implying that at least 123 more companies would need to invest in Bitcoin by 2030 to meet Chun’s prediction.

Top tech investors and executives, including ARK Invest CEO Cathie Wood, Galaxy Digital CEO Mike Novogratz, Coinbase CEO Brian Armstrong, and Block CEO Jack Dorsey, believe Bitcoin could potentially skyrocket to between $500,000 and $1,000,000 or even higher by 2030.

Companies adopting Bitcoin strategies have seen positive impacts on their stock prices. For instance, Strategy’s stock has surged over 2,000% since its initial Bitcoin investment in August 2020, significantly outperforming both Bitcoin (781.1%) and the S&P 500 (64.8%).

However, Chun warns of a significant difference between companies using Bitcoin for treasury diversification and risk management and those restructuring their entire business models to become industry leaders in Bitcoin treasury. He advises that firms hoping to replicate Strategy’s performance are setting themselves up for disappointment.

Chun also adds that using Bitcoin as a treasury asset to hedge against US dollar and fiat inflation or for risk management diversification remains a “unproven strategy”. Despite this, Bitcoin offers more flexibility than gold as a treasury asset, considering the challenges associated with storing and moving physical gold bars.

Bitcoin, being a digital commodity, is GAAP-recognized as a tangible asset with a fungible and liquid profile. This month, Bitwise launched the Bitwise Bitcoin Standard Corporations ETF, aimed at tracking companies with at least 1,000 Bitcoin in their corporate treasuries.

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In a recent discussion, Severino suggested that Bitcoin’s price is at risk of a more significant crash due to the S&P 500’s monthly LMACD starting to display bearish tendencies. This change is critical, as data from IntoTheBlock indicates that Bitcoin and the stock market continue to have a positively correlated price trajectory.

Severino believes that if the Bitcoin bulls can diverge from this bearish setup within the next 20 days, it could result in a bullish trend. However, if they fail to do this, Bitcoin could suffer a severe decline, potentially worse than what it has already endured.

If this bearish setup is confirmed by the end of the month, it could signal the beginning of a bear market or a Black Swan event. This scenario has happened twice in the past when similar crossovers occurred. It’s important to note that Bitcoin has already dipped to a low of $76,000 recently, raising concerns that a bear market may already have begun.

Despite this, crypto authorities like BitMEX co-founder Arthur Hayes believe that the bull market still holds for Bitcoin. Hayes pointed out that Bitcoin has experienced a 30% correction from its most recent all-time high (ATH), which is not unusual during a bull run. Hayes anticipates that Bitcoin will bounce back once the US Federal Reserve starts to relax its monetary policies.

Even in light of the recent crash, Kevin Capital, a crypto analyst, is optimistic about Bitcoin’s future. He insists that Bitcoin is still performing as expected and that the currency could potentially test the range between $70,000 and $75,000, which he believes would be acceptable.

According to Capital, Bitcoin’s price could stay afloat if it maintains a key market structure and if the 3-day MACD resets. He suggested that positive macro data could assist Bitcoin in remaining above critical support levels. Today, the US CPI data will be released, and if it indicates a slowdown in inflation, it could provide some market relief. In Capital’s view, a single positive inflation report could reverse the current situation.

At the time of this writing, Bitcoin is trading at approximately $81,860, representing a 2% increase in the last 24 hours, as per CoinMarketCap data.

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Despite reporting a net loss of $670.8 million in Q4 of 2024, largely due to a $1 billion adjustment on its Bitcoin holdings, the company recorded total revenues of $120.7 million. Strategy’s BTC Yield, a metric used to evaluate the success of its Bitcoin approach, reached an impressive 74.3% YTD, surpassing its previous high of 47.3% in 2021.

Strategy also increased its 2025 Bitcoin yield goal from 6-10% to 15% or more. The last quarter saw its largest increase in quarterly Bitcoin holdings yet, accumulating 218,887 BTC for $20.5 billion. Currently, Strategy holds 471,107 Bitcoin, valued at approximately $45 billion.

The company has also set a “BTC gain” target of $10 billion, a measure of the annual value generation of Strategy’s Bitcoin treasury operations. Mizuho Securities analyst Dan Dolev noted that this target “is very large and could prove to be a competitive advantage” in comparison to other companies considering similar Bitcoin strategies.

Looking to the future, Strategy’s potential inclusion in the S&P 500 index could be on the horizon, following its adoption of updated accounting standards. This change would allow Strategy to recognize unrealized gains on Bitcoin for the first time, leading to a positive adjustment of $12.75 billion to its opening balance of retained earnings.

Analysts are excited about the potential of Bitcoin-based applications, with Strategy potentially playing a significant role in the development of this ecosystem. Strategy’s investment in Bitcoin shows no signs of slowing down, and with its “BTC Gain” metric, investors can measure the company’s non-dilutive Bitcoin acquisition.

Strategy has so far generated a 2025 BTC $ Gain of $1.3 billion, translating to a BTC Yield of 2.9%. To reach its $10 billion goal, the company would need to raise about $19 billion, a goal seen as feasible given the current regulatory environment and market trends.

Strategy’s stock price has remained stable since the release of these figures, currently trading around $338 per share. However, analysts predict further growth, with Canaccord Genuity maintaining a “buy” rating and a price target of $409, and others offering even higher price projections.

The post Wall Street Bullish on Strategy as Bitcoin Reserves Approach Half a Million Mark appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Bitcoin’s Performance: In the last 24 hours, Bitcoin’s price has seen an uptick of 2%, surpassing the $30,450 mark and even touching close to $31,000 at one point. This comes after a prolonged period of sideways movement around the $26,000 bracket. However, the past ten days have seen a significant rally, propelling Bitcoin to levels not seen since mid-July.

Alex Kuptsikevich, a seasoned analyst at FxPro, commented on the recent trend, “The past week has been stellar for Bitcoin, registering a 10% growth. If we manage to stabilize above $31,000, we might witness a swift ascent to the $40,000 range.”

Traditional Markets vs. Cryptocurrency: While indices like the Dow Jones Industrial Average and the S&P 500 face headwinds due to rising government bond yields, cryptocurrencies remain robust. Typically, higher yields on U.S. Treasuries can suppress appetite for riskier assets. Yet, Bitcoin has defied this logic, primarily driven by optimism surrounding the potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC).

The buzz around a spot Bitcoin ETF has been building, especially after financial behemoths like BlackRock expressed interest. The recent legal victory for crypto asset manager Grayscale regarding its Bitcoin trust’s conversion to an ETF further fuels this anticipation. Such an ETF would directly hold Bitcoin, differentiating it from funds that hold Bitcoin futures. This could potentially attract a fresh influx of both retail and institutional investors, bolstering cryptocurrency prices.

However, while the technical landscape seems favorable, the actual launch of an ETF might still be some months away. Additionally, the ongoing slump in stocks could potentially impact the crypto market. Kuptsikevich added, “A strong risk-averse sentiment might lead to institutional offloading in the crypto space.”

Other Cryptocurrencies: Ether, the second-largest cryptocurrency, also enjoyed a 2% growth, reaching $1,670. Altcoins like Cardano and Polygon saw increases of 2% and 8% respectively. Popular memecoins, Dogecoin and Shiba Inu, weren’t left behind, registering gains of 4% and 2% respectively.

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