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$764.9 Million Worth of Bitcoin Just Purchased

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The U.S. House just passed the "One Big Beautiful Bill Act," a massive tax package backed by President-elect Trump.

A company that’s extremely confident in Bitcoin’s potential just invested $764.9 million to quickly buy 7,390 Bitcoin, showing strong belief in its future value.

Strategy, closely linked to Michael Saylor, a prominent Bitcoin proponent, is a major corporate holder of the cryptocurrency. Saylor has consistently advocated for Bitcoin as a superior store of value compared to traditional assets like gold or bonds, citing its fixed supply of 21 million coins and decentralized nature. Strategy’s acquisition of 7,390 BTC at $103,498 per coin brings its total holdings to 576,230 BTC, valued at $40.18 billion. With an average acquisition cost of $69,726 per coin, Strategy’s portfolio reflects significant unrealized gains, supported by a 16.3% year-to-date yield.

MicroStrategy Incorporated, founded in 1989 and headquartered in Tysons Corner, Virginia, is a global provider of enterprise analytics and mobility software. The company specializes in business intelligence, offering platforms for data visualization, reporting, and advanced analytics to help organizations make data-driven decisions. Led by CEO Michael Saylor, MicroStrategy has gained prominence in the cryptocurrency space since 2020, adopting Bitcoin as a primary treasury reserve asset. Listed on NASDAQ (MSTR), MicroStrategy serves thousands of clients across industries worldwide.

This move aligns with a broader trend of institutional buying, with firms like BlackRock and Twenty One Capital also making hefty Bitcoin purchases recently.

The Trump administration’s pro-cryptocurrency policies, alongside initiatives like American Bitcoin and World Liberty Financial, have bolstered market sentiment. Ethereum (above $2,600), Dogecoin (above $0.23), and Pi Coin (up 50% on ecosystem updates) reflect broader market strength, though Bitcoin retains over 50% of the market share.

With 19.7 million of Bitcoin’s 21 million total supply already mined, significant buys reduce available circulating supply, which can exert upward pressure on prices when demand remains strong.

Also Read – Why the sudden dump after a quick pump in Bitcoin?

Broader Cryptocurrency Trends

The purchase reflects several macro trends shaping the cryptocurrency market in 2025:

  • Global Adoption: Political and economic developments, such as Pakistan’s agreement with World Liberty Financial and Trump-backed crypto initiatives, indicate increasing mainstream acceptance.
  • Technological Advancements: Innovations like Ethereum’s scaling solutions and Bitcoin’s Lightning Network are enhancing transaction efficiency, supporting broader use cases.
  • Diversification: Altcoins are gaining traction, with Ethereum, Dogecoin, and others posting gains, though Bitcoin’s dominance persists due to its perceived stability and brand recognition.

Strategy’s acquisition positions Bitcoin as a corporate reserve asset, akin to gold for central banks, particularly in an era of rising global debt and fiat currency concerns.

Disclaimer: This article is provided for informational and educational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry significant risks, including price volatility and potential loss of principal. Readers should consult with qualified financial professionals before making investment decisions.

Why the sudden dump after a quick pump in Bitcoin?

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bitcoin crash latest news

After consolidating for almost eight days straight, Bitcoin jumped to $107,000 on Sunday, May 18. But as soon as it touched $107,108, it crashed 4,000 points down to $103,000.

The reasons for this crash may not be linked to any major fundamental factor. After such a rally, Bitcoin needed a pullback, or we can say it had to come to a discount territory.

Market moves smartly. It does not let weak hands who are inexperienced in the market stay in the rally. So it broke out above resistance to trigger short positions and lure bulls into longs. That is exactly where smart money starts booking profit with high efficiency. The area above the previous resistance zone becomes an extreme liquidity zone for big bears. Hence, it crashed to $103,000 with strong volume.

Could BTC/USD fall further? Where might it find support before it rises again?

Based on my personal chart technique, BTC may drop to $97,000 again before continuing its journey upwards. That is supposedly the best discount zone for big bulls.

Please note that this is just speculation. There is no guarantee Bitcoin will follow the same price action.

Also Read – What it will take for XRP to become the next Bitcoin?

Recent Developments in Fundamental Factors of Bitcoin

Big firms like BlackRock and MicroStrategy are buying Bitcoin as a shield against rising prices. ETF inflows are now much higher than the amount of new Bitcoin mined.

The April 2024 halving cut miner rewards to 3.125 BTC per block. By May 2025, the Bitcoin network’s computing power has grown a lot, showing more miners are joining. But with lower rewards, miners are using more efficient machines like Bitmain’s S21+ and finding cheaper electricity in places such as Oman and the UAE.

Large banks are planning to offer Bitcoin storage services if rules change. The EU’s new MiCA law in 2025 and clearer US regulations are making it safer for more investors to join. A new SEC chair, Paul Atkins, is also showing a friendlier stance toward digital assets.

Bitcoin (BTC) has seen significant price action in recent months, reaching an all-time high (ATH) of $109,114.88 on January 20, 2025. This milestone followed a strong rally, with BTC surpassing $100,000 for the first time on December 5, 2024, amid optimism from the U.S. election of a crypto-friendly administration.

This article is not financial advice. It reflects the personal opinion of the author. Bitcoin is highly volatile and carries significant risks. Always consult a financial advisor before making any investment decisions.

The Crypto Chip Maker Nvidia Is Thinking of Investing in PsiQuantum

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Nvidia May Invest in PsiQuantum

Nvidia (NVDA), the leading producer of graphics processing units (GPUs) critical for cryptocurrency mining, is reportedly in advanced talks to invest in PsiQuantum, a quantum computing startup valued at $6 billion pre-money, according to Reuters. This strategic move, as Nvidia prepares to announce its Q1 earnings on May 28, 2025—with expected earnings of $0.89 per share and revenue of $43.07 billion—could redefine its role in the tech landscape

PsiQuantum, backed by a $750 million funding round led by BlackRock (BLK), which closed Friday at $989.71 (–0.79%), is pioneering photonic quantum computing. Unlike traditional quantum systems, PsiQuantum’s approach uses photons and standard semiconductor manufacturing, enabling scalable production of its Omega chipset. The company aims to deliver a commercially viable quantum computer by 2029, with partnerships including GlobalFoundries, DARPA, and government projects in Chicago and Brisbane.

Quantum computing leverages quantum mechanics—superposition, entanglement, and interference—to perform calculations far beyond the capabilities of classical computers, including Nvidia’s GPU-powered AI systems. For cryptocurrency, quantum computers could break current cryptographic algorithms, threatening blockchain security. A 2023 study suggested quantum attacks could compromise Bitcoin within a decade, urging the development of quantum-resistant encryption.

Nvidia’s GPUs dominate crypto mining and AI, but quantum computing could unlock new applications in cybersecurity, drug discovery, and financial modeling. PsiQuantum’s scalable technology aligns with Nvidia’s recent quantum initiatives, including its Boston research center and “Quantum Day” event. This investment could position Nvidia to address quantum threats to crypto while diversifying its portfolio.

As quantum technology advances, its impact on cryptography and digital finance grows. Nvidia’s potential stake in PsiQuantum signals a bold step toward shaping the future of computing and securing cryptocurrency’s foundation.

Also Read – What it will take for XRP to become the next Bitcoin?

PsiQuantum Stock Information

  • Company Overview: Founded in 2016, PsiQuantum is a Palo Alto–based private quantum computing startup focused on photonic quantum computing. Using photons as qubits and semiconductor manufacturing, it aims to build a million-qubit system by 2029. In 2025, it raised $750 million at a $6 billion pre-money valuation, led by BlackRock (BLK, $989.71).
  • Stock Status: PsiQuantum is not publicly traded and has no ticker symbol (PSIQ belongs to another entity). Pre-IPO shares trade on platforms like Hiive, with December 2024 prices at $13–$15 per share. No IPO filing exists yet, but its funding and partnerships suggest a future listing is possible.
  • Investment Context: PsiQuantum’s Omega chipset, a $10.8 million Air Force contract, and Nvidia’s investment talks highlight its potential. However, pre-IPO investing is high risk, limited to accredited investors, and speculative due to quantum computing’s early stage.
For cryptocurrency, quantum computing poses a dual-edged sword.

Explaining Quantum Computing
Quantum computing harnesses quantum mechanics to process information in ways classical computers cannot. Unlike classical bits (0 or 1), quantum bits (qubits) exist in superposition, representing 0 and 1 simultaneously. Qubits can also be entangled, linking their states across distances, and use interference to amplify correct solutions. These properties enable quantum computers to tackle complex problems—like factoring large numbers or simulating molecules—exponentially faster than classical systems, including Nvidia’s GPU-powered AI.

For cryptocurrency, quantum computing poses a dual-edged sword. It could break widely used cryptographic algorithms (e.g., RSA, ECC), potentially compromising blockchain security. For instance, Shor’s algorithm on a large-scale quantum computer could crack Bitcoin’s encryption, exposing wallets. However, quantum computing also offers solutions, like quantum-resistant cryptography, to secure future blockchains. Beyond crypto, it promises breakthroughs in cybersecurity, drug discovery, and optimization, making investments like Nvidia’s in PsiQuantum critical for technological leadership.

Disclaimer:
This article is written in good faith and with proper care. However, complete accuracy is not guaranteed. Updates or corrections will be made wherever necessary. This article does not constitute financial advice. It is meant for informational and educational purposes only. Some parts of the content have been prepared with the help of AI tools, but the article has been published after careful editorial review.