Bitcoin has surged past $88,000, and Strategy has increased its position.
Speaking of the cryptocurrency market, it originally fell last night along with the traditional stock market, but Bitcoin (BTC) quickly rebounded this morning. As of the time of writing, the price has reached $88,878, setting a new high for the month, up 1.42% in the past 24 hours.
However, the performance of other altcoins has not been as good. Ethereum (ETH) closed at $1,582, down 2.06% in 24 hours; Solana (SOL) reported $138.75, with a decline of 1.97%.
Additionally, Strategy announced its latest investment actions last night, continuing to increase its position in Bitcoin, clearly showing their strong confidence in Bitcoin. This time, they spent about $555.8 million to buy 6,556 Bitcoins, at an average price of about $84,785 each, successfully increasing their Bitcoin holdings to 538,200.
This acquisition occurred between April 14 and April 20. After completing this transaction, the total amount of Bitcoin held by Strategy reached 538,200. Currently, Strategy's total investment in Bitcoin is approximately $36.47 billion, with an average cost of about $67,766.
If we estimate based on the market price of Bitcoin in April 2025 at $87,000, the total market value of the Bitcoins held by Strategy is approximately $46.8 billion, meaning they have about $10 billion in unrealized profits on their books.
Recently, there have been two new coins launched on BN (Binance) TGE.
Bank: The last batch of new coins launched on Binance is currently priced around $0.047. It has been listed on Binance Futures, previously consolidating between $0.041 and $0.046 for a while. It surged yesterday but retraced today, and there is currently a new upward trend. If you're interested, you can consider getting in at this stage.
Kilo: Also one of the new coins launched on Binance recently, currently priced around $0.04. Its market cap is only $8.8 million, and it experienced some volatility due to security issues in the past, but those problems have been resolved, and the funds have been recovered. From the perspective of market cap, all the recent new coins launched on Binance have market caps generally between $20 million and $40 million. Kilo seems to show signs of bottoming out in this regard and has not yet been listed on Binance Futures. If the value returns and stabilizes, the cost-effectiveness here would be quite good and worth paying attention to.
