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Latest Bitcoin news, price updates, and market trends

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Ukraine Prepares Legislation for National Bitcoin Reserve

According to Odaily, the Ukrainian government is preparing legislation to establish a national strategic Bitcoin reserve. Ukraine currently holds approximately 46,351 BTC, valued at around $4.8 billion. These Bitcoins were primarily acquired through donations, asset seizures, and fundraising during the war. Ukrainian lawmaker Yaroslav Zhelezniak stated that the bill is in its final drafting stage and is expected to be submitted to parliament soon. The legislation aims to formally integrate Bitcoin into the national financial strategy. Previously, the Ukrainian parliament passed a virtual assets bill, which was later withdrawn due to pressure from the presidential office and the National Securities Commission. The National Securities Commission has since proposed 80 amendments to improve the legal framework for crypto assets. This move highlights Ukraine's increasing emphasis on cryptocurrencies within its national financial strategy.

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Bitcoin(BTC) Surpasses 104,000 USDT with a 1.91% Increase in 24 Hours

On May 16, 2025, 13:58 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 104,000 USDT benchmark and is now trading at 104,072.898438 USDT, with a narrowed 1.91% increase in 24 hours.

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Bitcoin's Accelerated Phase Continues Amid Market Volatility

According to Odaily, Fidelity Digital Assets recently stated on the X platform that Bitcoin's accelerated phase is ongoing after experiencing 69 days of low profitability and high volatility. This trend supports Fidelity's argument that Bitcoin may reach a new all-time high before the end of the current cycle.

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Bitcoin Bullish Sentiment Rises as Call Options Volatility Surpasses Puts

According to BlockBeats, Glassnode has reported that the implied volatility of Bitcoin call options has surpassed that of put options. This shift indicates a growing bullish sentiment in the market, with traders showing a preference for betting on price increases rather than hedging against potential declines. This trend is seen as a risk appetite signal supporting a potential Bitcoin price rally.

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Whiskey Maker Heritage Embraces Bitcoin Payments

According to Odaily, Bloomberg Senior ETF Analyst Eric Balchunas shared on the X platform that whiskey manufacturer Heritage has begun accepting Bitcoin payments and is depositing the profits into the company's treasury. Balchunas noted that this strategy is prudent. He suggested that if a company intends to build a Bitcoin reserve, acquiring Bitcoin through accepting it as payment can be beneficial. This approach allows Bitcoin enthusiasts to purchase products, potentially boosting sales as the company accepts Bitcoin.

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BlackRock and Strategy's Bitcoin Holdings Near 1.2 Million

According to Odaily, recent data on holdings reveal that BlackRock and Strategy, formerly known as MicroStrategy, collectively possess nearly 1.2 million Bitcoins. Strategy holds approximately 568,840 Bitcoins, while BlackRock's IBIT accounts for around 627,985 Bitcoins.

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Bitcoin's Illiquid Supply Surpasses 14 Million, Indicating Long-Term Holding Trend

According to TechFlow, data from CryptoRank and Glassnode reveals that as of May 14, 2025, Bitcoin's illiquid supply, which refers to Bitcoin held long-term with minimal circulation, has exceeded 14 million coins. This accounts for nearly two-thirds of the total mined supply. The data further indicates that in the past 30 days alone, 180,000 Bitcoins have been transferred into dormant wallets with little spending history, reinforcing the market's long-term holding trend. Charts demonstrate a clear positive correlation between illiquid supply and Bitcoin prices since 2019.

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Bitcoin Faces Significant Resistance Amid Upward Trend

According to BlockBeats, Coindesk analyst Omkar Godbole has highlighted that Bitcoin's order book reveals a significant resistance challenge of $120 million as bulls attempt to continue the classic 'stair-step' upward trend. Since April 9, Bitcoin's price has risen from approximately $75,000 to $104,000, marking a 38% increase, as trade tensions eased and major market players began deploying funds. To advance Bitcoin's price into the next upward phase, bulls need to overcome substantial sell pressure, particularly around the $105,000 mark, which forms a critical resistance zone. Data from Kiyotaka.ai indicates that nearly $50 million in sell orders are currently placed at $104,800 across several major trading platforms, with sell pressure at $105,000 reaching $70 million. Charts show that aggregated order books are heavily stacked at higher price ranges, suggesting potential profit-taking as prices approach historical highs. Both macro indicators and technical momentum indicators suggest that the current market's 'path of least resistance' remains upward, indicating that bulls will eventually absorb this selling pressure and drive Bitcoin to new highs.

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Remixpoint Expands Bitcoin Holdings with Significant Purchase

According to PANews, Remixpoint, a company listed on the Tokyo Stock Exchange, has announced an additional purchase of Bitcoin worth 500 million yen, equivalent to approximately 32.83 BTC. The average purchase price was 15.23 million yen per BTC. As of May 14, the company's total cryptocurrency holdings have reached 11.1 billion yen, with Bitcoin holdings amounting to 648.82 BTC, valued at approximately 9.91 billion yen. Remixpoint also holds other major cryptocurrencies, including Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE).

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Bitcoin Depot Reports Revenue Growth and Profit in Q1 2025

According to PANews, Bitcoin Depot, a Bitcoin ATM operator, reported a revenue of $164.2 million in the first quarter of 2025, marking a 19% increase compared to the previous year. The company achieved a net profit of $12.2 million, transitioning from a loss to profitability. On the day of the announcement, Bitcoin Depot's stock price rose by 22% to $2.04, although it remains 79% below its initial public offering price from July last year.The value of Bitcoin held by Bitcoin Depot increased from $600,000 to $7.8 million, as measured by the new fair value accounting standards. Additionally, the company is in the process of applying for an operational license in New York State, where it anticipates the market could support up to 3,000 machines.

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Strategy Board Member Sells Shares Amid Stock Price Surge

According to PANews, Strategy board member Jarrod Patten recently sold $5.2 million worth of the company's Class A shares and plans to sell an additional $300,000 this week. This decision comes as the company's stock reached a new high of $421.61 in 2025, although it remains 11% below the all-time high of $473.83 set in November last year. Following the announcement of Patten's stock sale, Strategy's share price fell by 3% to $403. Data indicates that Patten sold shares in batches from April 22 to May 14, during which the company's stock price increased by over 20%. Currently, more than 130 companies have adopted Strategy's Bitcoin holding strategy.

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Bitcoin Spot ETFs Experience Significant Net Inflows and Outflows

According to PANews, data from SoSoValue indicates that on May 15 (Eastern Time), Bitcoin spot ETFs saw a total net inflow of $115 million. The Blackrock ETF IBIT recorded the highest single-day net inflow of $410 million, bringing its historical total net inflow to $45.423 billion. Conversely, the Ark Invest and 21Shares ETF ARKB experienced the largest single-day net outflow of $132 million, with its historical total net inflow standing at $2.567 billion. As of the time of reporting, the total net asset value of Bitcoin spot ETFs is $121.469 billion, with an ETF net asset ratio of 5.91% compared to Bitcoin's total market value. The cumulative historical net inflow has reached $41.514 billion.

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Fold Holdings Reports Increased Revenue Amid Rising Bitcoin Holdings

According to PANews, Fold Holdings, a Bitcoin financial services company, reported a first-quarter revenue of $7.1 million, marking a 44% increase compared to the previous year. However, the company's net loss widened to $48.9 million.Fold Holdings' Bitcoin holdings have grown to 1,490 BTC, valued at $150 million, representing a 50% increase from the fourth quarter of last year. The company's trading platform processed $250 million in transaction volume during the first quarter, with active accounts surpassing 600,000.In February of this year, Fold Holdings completed its listing on Nasdaq. Currently, the value of its Bitcoin holdings accounts for approximately 35% of its market capitalization.

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California Pension Fund Invests in Bitcoin Through MicroStrategy Shares

According to PANews, Bitcoin Magazine journalist @Vivek4real reported on the X platform that the California pension fund has disclosed its purchase of MicroStrategy (MSTR) shares worth $276 million. This investment represents an indirect approach to investing in Bitcoin.

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Brazilian Firm Méliuz Acquires $28.4 Million in Bitcoin

According to BlockBeats, Brazilian publicly traded company Méliuz has purchased Bitcoin valued at $28.4 million, marking it as the first listed company in Brazil to include Bitcoin in its balance sheet. This strategic asset allocation received overwhelming support from the company's shareholders.

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Saudi Central Bank Reveals Indirect Bitcoin Investment Through Strategy Holdings

According to PANews, the Saudi Central Bank has disclosed its ownership of shares in Strategy, formerly known as MicroStrategy, indicating an indirect investment in Bitcoin assets.

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Bitcoin(BTC) Surpasses 104,000 USDT with a 0.59% Increase in 24 Hours

On May 16, 2025, 01:35 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 104,000 USDT benchmark and is now trading at 104,016.328125 USDT, with a narrowed 0.59% increase in 24 hours.

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Bitcoin Recognized as Top Asset by Russian Central Bank in April 2025

According to PANews, the Russian Central Bank has identified Bitcoin as the best-performing asset in the Russian financial market for April 2025, with a price increase of 11.2% during the month. The bank also highlighted Bitcoin's year-to-date performance, which leads with a return rate of 17.6%, surpassing stocks, bonds, and gold. Despite experiencing an 18.6% short-term volatility decline from January to April 2025, Bitcoin has been recognized as the best-performing global investment product since 2022, with a cumulative return rate of 121.3%. Over the past year, Bitcoin has been acknowledged by the Russian Central Bank as the most profitable investment product, achieving a return rate of 38%. Since 2022, Bitcoin's cumulative return rate has reached 121.3%, significantly outperforming traditional assets such as gold, stocks, and the S&P 500 index. This recognition comes amid an unprecedented surge in institutional interest in Bitcoin.

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Mubadala Increases Holdings in BlackRock Bitcoin ETF Amid U.S.-UAE Crypto Policy Discussions

According to PANews, Abu Dhabi's sovereign wealth fund, Mubadala, has increased its holdings in BlackRock's spot Bitcoin ETF (IBIT) to 8.727 million shares, valued at $408.5 million. This marks a 6% growth in its position since the end of 2024. The investment coincides with high-level interactions between the United States and the United Arab Emirates regarding cryptocurrency policies. U.S. President Donald Trump's AI and crypto advisor, David Sacks, engaged in discussions with UAE officials on March 20, exploring opportunities for integrating digital currencies and artificial intelligence.

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