Bitcoin24h $112,659.26-2.49%

Ethereum24h $4,168.88-7.17%

XRP24h $2.84-4.87%

BNB24h $986.91-5.77%

Solana24h $218.71-8.00%

Dogecoin24h $0.2380-9.53%

TRON24h $0.3415-0.84%

Cardano24h $0.8189-7.53%

Hyperliquid24h $47.59-8.00%

Chainlink24h $21.30-7.89%

Why billions in Bitcoin treasury purchases can’t pump the price

Public treasury companies have raised about $10 billion this year to buy BTC, yet the spot price keeps falling.

US Treasury Sec says no BTC buys for Strategic Bitcoin Reserve

Scott Bessent confirmed a disappointing amount of US government bitcoin this morning, putting the number at $15B to $20B.

As of publication time, Upexi has a market capitalization of $330M and holds 1.9M SOL worth over $353M. Its mNAV is a sad 0.94X.

The Texas court rejected the Treasury’s arguments and ruled that it can longer sanction the crypto mixer accused of laundering Lazarus funds.

Crypto learned today that the allegiance between Donald Trump and John Paulson will not lead to a new job at the US Treasury.