1. Positive developments from US-China talks
The US-China trade talks on June 9 in London showed a positive stance, with the US indicating a willingness to lift export restrictions in exchange for China's commitment to relax rare earth export limits. The Trump administration expressed satisfaction with the results of the talks the next day, and Trump himself stated he was 'considering lifting export controls' and that 'negotiations are progressing well.'
The positive dialogue shown in this round of meetings has been widely interpreted by public opinion as both sides' intention to extend the ceasefire period following previous trade frictions; and the significant satisfaction expressed by the Trump administration after the talks has become a key market catalyst for further increases in global risk assets, boosting the market for assets like Bitcoin.
2. Institutional funds continue to flow in
(1) Public companies hoarding Bitcoin
An increasing number of public companies are actively joining the ranks of Bitcoin strategic reserves, with the latest developments reflected in the actions of three typical enterprises: US-listed company KULR announced on June 9 that it seeks to raise up to $300 million through a public stock issuance (planning to use part of the funds to increase its Bitcoin holdings, with an existing reserve of 800 Bitcoins), and has leased 5,500 S19 mining machines through two agreements totaling over $4 million to expand its Bitcoin mining operations; on the same day, crypto mining company BitMine Immersion Technologies confirmed the launch of a Bitcoin reserve strategy, using proceeds from recent stock issuances to purchase 100 Bitcoins in the open market and committing to continue increasing its holdings, positioning it as a long-term core business pillar; while UK-listed company Anemoi International (operating digital solutions through its Swiss subsidiary) announced it has allocated 30% of its cash reserves to Bitcoin, with the board emphasizing that this revised financial strategy complements the existing business and that a more detailed business and financial planning statement will be released soon.
(2) BlackRock increases its holdings in Ethereum
As a significant boost to market confidence, global asset management giant BlackRock is continuously increasing its holdings in Ethereum, with its current position reaching 1.5 million (valued at $2.71 billion), and is actively practicing on-chain asset tokenization; particularly noteworthy is the company's recent $500 million rapid purchase of Ethereum over the past 10 days, which highlights institutional investors' strong bullish attitude towards this cryptocurrency (despite its price having corrected 48% from historical highs).#中美贸易 $BTC
