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cointelegraph.com Mar 23, 2025 15:55

Saylor hints at impending BTC purchase after latest capital raise - Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering.The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message needs more orange.According to SaylorTracker, the companys most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.Strategy’s total Bitcoin purchases. Source: SaylorTrackerStrategys March 17 BTC acquisition represents one of its smallest purchases on record and came after a two-week break in buying.On March 21, the company announced the pricing of its latest tranche of preferred stock. The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.Michael Saylor continues evangelizing for the Bitcoin network, inspiring dozens of publicly traded companies to adopt BTC as a treasury asset and petitioning the US government to buy more of the scarce digital commodity.Strategy’s BTC acquisitions in 2025. Source: SaylorTrackerRelated: Michael Saylor’s Strategy to raise up to $21B to purchase more BitcoinSaylor pushes for the US government to purchase 25% of BTCs total supplySaylor wrote that the US government should acquire 25% of Bitcoins total supply by 2035 — when 99% of the total BTC supply has been mined.The executive also petitioned for the US government to adopt a comprehensive framework for all digital assets in a proposal titled, A Digital Assets Strategy to Dominate the 21st Century Global Economy.Saylor giving his 21 Truths of Bitcoin speech at the Blockworks Digital Asset Summit. Source: CointelegraphSpeaking at the recent Blockworks Digital Asset Summit, the Strategy co-founder presented his 21 Truths of Bitcoin speech. The executive told the audience:Gold still underperforms the S&P Index by a factor of two or more, so there is only one commodity in the history of the human race that was not a garbage investment — the one commodity is Bitcoin — a digital commodity.Despite the recent market downturn, Strategy is still up over 28% on its BTC investment and is sitting on over $9.3 billion in unrealized gains.Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express

FOMO: 88%
cointelegraph.com Mar 23, 2025 16:30

Bitcoin in position for first key RSI breakout in 6 months at $85K - Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin price meets decisive RSI setupData from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading.Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins.“I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Group’s Bitcoin futures.BTC/USD 15-minute chart. Source: Daan Crypto Trades/XThe post echoed the broader market sentiment as traders eyed the potential for a fresh push higher into the monthly close.Popular trader and analyst Rekt Capital reiterated encouraging breakout signs on daily timeframes for Bitcoin’s relative strength index (RSI).“The Daily RSI is showcasing early signs of retesting the Downtrend dating back to November 2024 as new support,” he reported.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XFor fellow analyst Matthew Hyland, however, current price levels held deeper significance.For the first time in six months, he revealed on the day that BTC/USD was about to seal a key bullish RSI divergence on weekly timeframes.“BTC can make weekly bullish divergence for the first time since September tonight,” he confirmed on X.“Currently in position.”BTC/USD 1-week chart with RSI data. Source: Matthew Hyland/XBull market to return in “a couple of weeks?”Elsewhere, trading team Stockmoney Lizards shrugged off the idea that Bitcoin risked entering a long-term bear market.Related: Here’s why Bitcoin price can’t go higher than $87.5KThe local bottom, it told X followers in its latest market analysis, lay at $76,000 — a level already revisited earlier this month.“While many are panicking and declaring a bear market, the long-term trend channel (green lines) remains firmly intact,” it summarized alongside a chart showing BTC price fluctuations around an average trend line during bull markets. “This correction doesnt invalidate the uptrend - it confirms it.”BTC/USD 1-week chart. Source: Stockmoney Lizards/XStockmoney Lizards acknowledged that upside continuation may take some time.“This test doesnt guarantee an immediate pump, but history indicates were approaching a bottoming zone,” it concluded.“How long does this take? Well, nobody knows. These days, news, macroeconomic signals etc. can determine the duration of our correction. Educated guess: a couple of weeks.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FOMO: 88%
cointelegraph.com Mar 23, 2025 21:00

Cathie Wood to kick off El Salvadors AI public education program - Cathie Wood, founder of the Ark Invest investment firm, will give the inaugural lecture for El Salvadors new Urban Centers for Welfare and Opportunities (CUBO) AI program, a public education initiative spearheaded by the government of El Salvador.According to El Salvadors Bitcoin Office, the program will bring university-level AI courses to students and professionals and follows the countrys highly successful CUBO Bitcoin (BTC) and Lightning Network developer program.The program will leverage industry experts to provide AI education to the public. El Salvadors Bitcoin Office wrote in a March 23 X post:As El Salvador turbocharges its transformation into the ultimate tech and financial powerhouse of the region, CUBO AI will arm students and professionals in the country with the tools to dominate the AI frontier.El Salvador continues to attract crypto businesses and foreign direct investment as the Central American country positions itself as a regional tech and digital finance hub.Cathie Wood pictured left, with El Salvador’s President Nayib Bukele in the center, and economist Art Laffer, on the right, meet in May 2024. Source: El Salvador’s Bitcoin OfficeRelated: El Salvador acquired over 13 BTC since March 1, despite IMF dealEl Salvador becoming a regional tech hub amid education and investment pushEl Salvador has taken several steps to establish itself as a regional hub for innovation, including integrating Bitcoin classes into public education, leveraging geothermal energy to mine BTC, and passing pro-crypto and AI policies.Cathie Wood met with El Salvadors President Nayib Bukele in May 2024 to discuss the future of digital assets and AI policy in the Central American country, including potential education initiatives tailored by Ark Invest.Wood left the meeting confident that El Salvador could increase its gross domestic product (GDP) tenfold over the next five years if it continues pursuing its tech-focused agenda.The President could scale El Salvadors GDP 10-fold during his next 5-year term, Wood wrote in a May 2024 X post and praised Bukele as forward-thinking.Bukele also met with Elon Musk in September 2024 to discuss artificial intelligence and other 21st-century technologies, including crypto.Musk likewise praised Bukele as “an amazing leader,” and the two continue to build rapport that could potentially lead to collaboration between the businessman and the government of El Salvador.Magazine: El Salvador’s national Bitcoin chief has been orange-pilling Argentina

FOMO: 88%