$BTC Here’s a detailed overview of Bitcoin (BTC) as of May 2025, synthesizing key developments, price trends, and market dynamics from the provided search results:
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### **1. Current Price and Recent Performance**
As of early May 2025, Bitcoin’s price hovers around **$97,300**, following a volatile first quarter. Key milestones include:
- **All-time high of $109,114.88** on January 20, 2025, driven by bullish sentiment post-2024 U.S. presidential election results and institutional inflows .
- A **drop to $91,371.74** in late February 2025 after a $1.5 billion Ethereum hack at Bybit exchange, though BTC quickly recovered .
- Sustained momentum from **SEC approval of spot Bitcoin ETFs in 2024** and the **April 2024 halving event**, which reduced mining rewards to 3.125 BTC per block .
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### **2. Corporate Adoption: MicroStrategy (Rebranded as "Strategy")**
MicroStrategy, now rebranded as **Strategy**, remains the largest corporate Bitcoin holder, with aggressive accumulation strategies:
- **553,555 BTC** held as of April 28, 2025, acquired at an average cost of $68,459 per BTC .
- Achieved a **13.7% "BTC Yield" year-to-date** and increased its 2025 targets to a **25% yield** and **$15 billion in BTC gains** .
- Raised $21 billion through stock offerings to fund purchases, positioning MSTR stock as a **high-beta Bitcoin proxy** with analysts projecting a potential share price of $1,200–$1,600 if BTC reaches $150,000 .
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### **3. Bitcoin 2025 Conference Highlights**
The **Bitcoin 2025 Conference** in Las Vegas (May 27–29) signals strong industry momentum:
- **30,000+ attendees**, including high-profile speakers like Michael Saylor, Senator Cynthia Lummis, and ARK Invest’s Cathie Wood .
- Focus on **policy, tech, and adoption**, with events like "Code & Country" discussing Bitcoin’s role in global finance .
- **VIP passes** (up to $8,999) offer exclusive networking with industry leaders, reflecting heightened institutional interest .
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### **4. Bitcoin Price Predictions for 2025 and Beyond**
Analysts remain bu
