#Bitcoin #Updates #• Massive corporate buy-ins: Trump Media and Technology Group announced a $2 billion Bitcoin purchase on July 21, 2025-about two-thirds of its liquid reserves. The firm also committed $300 million to options tied to Bitcoin-related securities and signaled plans for more acquisitions Decrypt +3 Business In sider +13. • Institutional momentum & treasury strategies: Since June 1, nearly 98 companies have raised more than $43 billion to invest in crypto-primarily Bitcoin -fueling a trend of firms holding BTC on their balance sheets rather than expanding core operations. While some early adopters have profited, critics warn of overheating markets and short-term management gain strategies Business Insider +8 The Wall Street Journal • Rising analyst focus on demand: Citi analysts have revised their valuation framework, now emphasizing adoption and ETF inflows as primary drivers of Bitcoin's price. They no longer see mining cost or sto ck-to-flow as effective indicators Financial Times +1 • Price near record levels: Bitcoin is trading near $119,000-$120,000-up ~27% year-to-date. Analysts caution that projections vary widely, with Deutsche Bank suggesting possible fair values anywhere from $64,000 to $199,000 depending on adoption trands and regulatory clarity Barron's +15 •