JUST IN: According to report, Bhutan has quietly mined 12,000 BTC worth $1.3B since 2020 and is now holding nearly 40% of its GDP in Bitcoin, making it the world’s 3rd-largest state holder. $BTC
$BTC Price performance: BTC is holding steady around $107,064, up slightly after a minor dip following profit-taking .
Options outlook: A massive $40 billion options expiry is scheduled, suggesting potential for both sharp moves and opportunistic trading .
Institutional momentum: Despite a $3.5 billion inflow to spot Bitcoin ETFs in June, prices have remained relatively stable—up ~2% for the month .
Sentiment drivers: Analysts highlight catalysts like a weakening U.S. dollar, progressive ETF flows, and favorable regulation as factors likely to spur a renewed rally .
On-chain stability: “Satoshi-era” miners continue stockpiling, suggesting strong foundational support beneath current price levels .
Analyst forecast: With BTC approaching key resistance at ~$108K–110K and technical indicators remaining bullish, short-term upside of 2–3% is anticipated if price holds above $103K .
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🧭 Final Takeaway
Bitcoin’s current stability at ~$107 K, amid significant ETF inflows and impending options expiry, signals a calm before a potential storm. While short-term volatility is likely, especially around the expiry event, structural strength—from institutional demand and miner reserves—points toward continued upside. Keep an eye on the $108K–110K resistance zone and broader macroeconomic cues (dollar moves, regulation) for signs of a breakout or correction.
#BTC110KToday? JUST IN: Binance founder declares 0.1 BTC the new American dream as U.S. housing leaders move to recognize bitcoin as valid reserve capital in mortgage applications. $BTC
JUST IN: According to a report, Iran’s parliament has officially approved a bill to halt all cooperation with the International Atomic Energy Agency (IAEA).
🧭 “Pompliano’s ProCap Buys $125 Million in Bitcoin — Reinforcing Treasury Play”
Crypto investor Anthony Pompliano has taken a major step in expanding ProCap BTC’s Bitcoin reserves, acquiring 1,208 BTC—worth approximately $125 million—to boost its treasury strategy. This move follows an earlier purchase of 3,724 BTC (~$387 million), bringing ProCap's total holdings to over $500 million .
527-0The acquisition is part of ProCap's bold ambition: merging via a $1 billion SPAC deal with Columbus Circle Capital I to become ProCap Financial, a publicly traded Bitcoin treasury company. The firm has raised $750 million—$500 million in equity and $250 million in convertible notes—to fuel its aggressive accumulation plan .
893-0Pompliano emphasizes that Bitcoin’s unique position as a non-traditional asset provides a compelling “hurdle rate”—and holding BTC is now core to ProCap’s strategy. Unlike other treasury firms, ProCap aims not just to hold Bitcoin, but to deploy it in revenue-generating mechanisms like lending and derivatives .
1238-0Institutional investors—including Susquehanna, Jane Street, Magnetar, Pantera, and CoinFund—have also committed capital to ProCap, marking a growing trend toward crypto-native firms converting to public Bitcoin treasuries . The cumulative purchases from Pompliano’s firm are likely to enhance Bitcoin demand, supporting near-term price momentum and reflecting deepening institutional confidence in BTC.
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📊 Key Takeaways:
Strategic accumulation: ProCap now holds over $500 million in Bitcoin.
SPAC merger underway: The upcoming ProCap Financial debut could place it among the largest publicly traded Bitcoin treasuries.
Revenue model differentiation: Using Bitcoin beyond hodling—into lending and derivatives.
Institutional momentum: Major capital commitments signal growing Wall Street interest.
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This aggressive treasury play reinforces the shift from fiat reserves to Bitcoin in corporate balance sheets. With ProCap Financial's SPAC — and Pompliano’s public platform — garnering attention, more firms may follow suit in adopting BTC as a strategic asset. #NEWTBinanceHODLer