CipherX零号

$BTC JUST IN: Michael Saylor says "Donald J. Trump is the Bitcoin President" that is "making America the Bitcoin superpower" 🇺🇸

$BTC Strategy announces Q4 2025 results:
- 713,502 $BTC held
- 22.8% BTC Yield in 2025
- Largest US equity issuer, raised $25.3 billion in 2025
- $STRC scaled to $3.4 billion; 11.25% current dividend rate

CZ: We are working with more countries to encourage them to launch their own stablecoins. Every currency should be represented on-chain.

HODL

$BTC Extreme Comparison Under Periodic Pressure: Strategy and Bitmine Face Huge Paper Drawdowns

Latest data shows that as the crypto market continues to come under pressure, heavily invested institutions are facing unprecedented paper volatility. Michael Saylor's Strategy currently holds approximately 713,502 bitcoins, reporting an unrealized loss of about 4.5 billion dollars; meanwhile, Bitmine, with its holding of around 4.2 million ethers, has seen its paper losses approach 7.5 billion dollars, a staggering figure.

It is important to emphasize that these losses are all unrealized and reflect the current market price assessment rather than already locked-in real losses. Nevertheless, such a significant drawdown still poses a severe test to the financial resilience, financing capacity, and market confidence of these enterprises.

From a strategic perspective, the commonality between Strategy and Bitmine lies in their belief in a highly concentrated, long-term holding approach. This strategy exhibits a strong amplification effect during upward cycles, but inevitably bears multiplied pressure during correction phases. The real risk does not only stem from the price itself, but also from liquidity management, debt structure, and the ability to avoid being forced to reduce positions.

On the market level, this extreme paper volatility once again reminds investors that the institutionalization of crypto assets does not mean volatility disappears. On the contrary, when the position size is large enough, volatility often manifests in a more direct and brutal manner.

Ultimately, the market will not only remember the numbers of drawdowns but will also remember who can endure through cycles. At the current stage, for these institutions, the core test is not to judge direction but whether they can hold on until the moment direction is validated again. #特朗普称坚定支持加密货币

CZ Responds to Market Noise: Capital Flows Have Explained Everything

Binance founder Zhao Changpeng (CZ) recently responded to the uncertain voices in the market, stating that during the fermentation of related public opinion, Binance actually recorded a net inflow of billions of dollars, while some "possible FUD initiators" experienced the opposite capital flow. This comparison was used by him to illustrate the gap between the true market sentiment and the external narrative.

CZ's statement emphasizes a core point: in the cryptocurrency market, rhetoric can create noise, but capital flows are often more persuasive. When investors have confidence in the platform's security and long-term stability, their choices are not limited to words but are directly reflected in asset migration and retention.

From a side perspective, this data also reflects that after experiencing multiple rounds of turmoil, user behavior is becoming more rational. Rather than being led by emotions, it is better to observe the platform's liquidity, problem-solving ability, and mechanisms for protecting user assets. These factors ultimately determine the direction of capital.

CZ did not name the so-called "FUD sponsors," but hinted that certain platforms or forces are under pressure in the information warfare, with capital outflow becoming an undeniable reality. For the industry, this phenomenon also serves as a reminder that trust is not built by mere rhetoric, but through the accumulation of time, transparency, and real data.

Overall, this statement is not merely a rebuttal to the doubts, but is speaking through results: the market may ignore noise, but it will not ignore risks and choices. #特朗普称坚定支持加密货币

Everyone is interpreting whether Lao Gao and Xiao Mo have divorced?

$BTC The U.S. Department of the Treasury clearly stated: taxpayer funds will not be used to bail out Bitcoin

Latest news indicates that U.S. Treasury Secretary Bessent has explicitly stated that the U.S. Department of the Treasury has no legal authority to use taxpayer funds to bail out Bitcoin or related cryptocurrency assets. This statement draws a clear line in the recent discussions about market volatility and the role of government.

Bessent emphasized that Bitcoin is a category of assets formed spontaneously by the market, and its price fluctuations should be borne by market participants themselves, rather than being underwritten by public finances. This stance continues the fundamental principle of U.S. financial regulation: the government is responsible for maintaining the stability of the financial system, but does not underwrite the price of a single asset.

This statement is also seen as a realistic reminder to the market. As the scale of cryptocurrency assets continues to expand, some investors have begun to speculate whether the government would intervene to stabilize prices in extreme market conditions. The Treasury's response directly denied this expectation, indicating that Bitcoin remains within the realm of 'self-risk and self-profit and loss' in the market.

From a policy perspective, this statement does not equate to denying the legitimacy of the cryptocurrency industry. On the contrary, it emphasizes institutional boundaries: regulation, compliance, and financial stability can be discussed, but price bailouts are not on the table. This distinction helps to establish a clearer expectation framework for the industry.

Overall, the Treasury's position sends a clear and calm signal to the market. Bitcoin may be increasingly discussed, regulated, and researched, but it will not be included in the traditional category of 'bailout assets.' This also means that participants must be fully prepared for volatility.

$BTC Strategy Confirmation of Tax-Free Capital Return Treatment for Preferred Share Dividends in 2025

Recent news indicates that Strategy (formerly MicroStrategy) has officially confirmed that all preferred share dividends for the fiscal year 2025 will be classified as "Return of Capital" under U.S. tax law, rather than taxable income. This confirmation holds significant financial and tax implications for the company's current and potential investors.

In the U.S. tax system, dividends classified as Return of Capital are not taxed as ordinary income in the current period, but instead are used to adjust the investor's cost basis. This means that investors do not have to pay income tax immediately upon receiving dividends, which enhances cash flow efficiency and makes such securities more attractive in asset allocation.

For Strategy, this tax treatment aligns well with its unique asset-liability structure. The company uses Bitcoin as its core reserve asset while funding its long-term strategy through the issuance of preferred shares. The tax-free capital return in the form of dividends helps maintain stable return expectations without increasing the tax burden on investors.

From a broader market perspective, this confirmation also signals that within a compliant framework, companies can still create more efficient return mechanisms for investors through refined capital structure design. This is particularly attractive to institutional investors who focus on Bitcoin exposure while also valuing cash flow and tax efficiency.

Overall, this move by Strategy is not only a technical tax confirmation but also an important component of its long-term capital management strategy. In an environment of heightened market volatility, this certainty itself constitutes a form of value. #Strategy increases Bitcoin holding

✍️INTO LAW: President Donald J. Trump signs a fiscally responsible package that SLASHES wasteful federal spending while supporting critical programs that keep our nation SAFE, SECURE, & PROSPEROUS.

BIG WIN for the American People 🇺🇸

$BTC Market pullback pressure test: Strategy Bitcoin holdings unrealized loss reached 800 million dollars

In the context of recent Bitcoin price decline, Strategy (formerly MicroStrategy) led by Michael Saylor is facing significant paper pressure. The latest estimates show that the company has incurred an unrealized loss of about 800 million dollars on its Bitcoin holdings, once again bringing this representative of 'Bitcoin corporate holdings' into the market spotlight.

Strategy has been continuously allocating Bitcoin through its corporate balance sheet for many years. This highly concentrated strategy amplified profits during the bull market phase while also magnifying volatility during the pullback cycle. It is important to emphasize that this figure represents paper losses and does not mean that the company has realized losses, provided that it has not sold the relevant holdings.

From Saylor's public position, this phase withdrawal has not shaken his core logic. He consistently views Bitcoin as a long-term store of value rather than a short-term trading tool and has repeatedly stated that the company's evaluation cycle is measured in 'years' rather than quarters. For Strategy, the real test is not the price volatility itself, but liquidity management and long-term endurance.

On the market level, this decline has compounded macro uncertainty and cooling sentiment, and the concentrated liquidation of leveraged positions has further amplified price volatility. This also serves as a reminder to investors that high concentration strategies mean having to accept more severe paper fluctuations.

Overall, what Strategy currently faces is a typical cyclical pressure test. The result depends on the pace of market recovery and whether it can continue to adhere to its established strategy amidst volatility.