Strategy’s Bitcoin Accumulation Approach

One of the most common claims in the crypto space is that Strategy’s large-scale Bitcoin purchases push the price higher. However, according to Jajodia, this is not the case. The company carefully structures its buying process to avoid market impact. “We manage our Bitcoin purchases in proportion to market liquidity. That way, we don’t drive the price up,” he explained.

Since 2020, Strategy has been consistently accumulating Bitcoin and now holds 629,376 BTC, valued at roughly $70.85 billion. One of the main ways companies make such large acquisitions without affecting the price is through private OTC desks instead of public exchanges.

Market Reactions to Large Purchases

Data shows that Bitcoin’s price doesn’t always move in the same direction after Strategy’s acquisitions. For instance, between November 18–24, the company purchased 55,000 BTC at an average of $97,862 each. Shortly after, in December, Bitcoin rallied above $106,000 to reach a new all-time high.

In contrast, after buying 21,021 BTC on July 29, the price dropped nearly 4% within four days, falling to $113,320 by August 2. This mixed behavior indicates that Strategy’s purchases don’t have a clear one-way effect on the Bitcoin market.

Strategy Corporate Treasurer: “We’re Buying Bitcoin Nonstop”

Jajodia also emphasized that Strategy adjusts its buying speed depending on market conditions but remains active almost all the time. “If the price is going down, we can take the opportunity to move faster,” he said.

Meanwhile, Michael Saylor has repeatedly stressed that he buys Bitcoin regardless of price. On May 22, he posted: “I only buy Bitcoin with money I can afford to lose.” Later in 2024, he pledged to keep stacking Bitcoin no matter how high the price climbs.

Strategy’s aggressive Bitcoin strategy continues to attract attention from institutional investors while keeping the crypto community focused on its every move.

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Bybit’s Liquidity Management and Debt Repayment Strategy

Bybit’s recent purchase of $ETH highlights its efforts to manage liquidity and repay debts amid ongoing market volatility. The liquidation of significant long positions, worth 570.89 million USD, shows the exchange’s cautious approach as it navigates through market fluctuations. Bybit’s actions may be aimed at stabilizing its positions and ensuring more liquidity in the market.

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At the same time, Ethereum’s price movements have also captured attention. Bybit’s large ETH purchase could be seen as an attempt to inject liquidity into the market while influencing Ethereum’s price. This could have important consequences for Ethereum’s short-term price actions as well, with ETH‘s future movements becoming a focal point for traders and investors.

Critical Price Levels for Ethereum: 2000 $ and 2300 $

On the Ethereum front, a significant development has occurred as ETH faced a major drop. ETH fell from 2800 $ to 2300 $, causing concern among investors. If ETH closes below the order block level, the 2000 $ region might become the next target. This level could serve as a psychological support zone, signaling potential buying opportunities for some traders.

If ETH sees an upward move, the descending trendline might act as resistance, making it harder for the price to break through and return to higher levels. These technical signals are closely watched by market participants, as they could indicate the direction Ethereum is heading in the near future.

The drop in ETH‘s price could also have broader implications on the market. If ETH maintains these lower levels, it might directly influence liquidity in the market. Bybit’s decision to repay its debt in $ETH may drive additional demand for the cryptocurrency, potentially changing Ethereum’s price trajectory.

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The post Bybit Pays Off Debt with ETH While Ethereum Faces Critical Drop appeared first on Coin Engineer.

With this approval, GSR becomes the first crypto liquidity provider to achieve dual regulatory authorization from both the FCA and the Monetary Authority of Singapore (MAS).

New Services and Rising Demand

The FCA approval will enable GSR to provide services such as over-the-counter (OTC) and programmatic execution trading for clients in the UK.

• This development is particularly significant as demand for regulated crypto trading solutions has risen sharply since Bitcoin surpassed the $100,000 milestone in December 2024.
• Institutional investors entering the market throughout the year have further fueled this demand.

Dual Regulatory Authorization

GSR’s Group CEO, Xin Song, highlighted that dual authorization allows the firm to “confidently expand [its] services to institutional and professional clients globally.”

This dual compliance demonstrates GSR Markets UK’s adherence to the regulatory standards of major global markets in both the UK and Singapore.

Service Expansion

With FCA’s green light, the company is well-positioned to address the growing demand for regulated and reliable trading platforms as industry players increasingly prioritize compliant solutions in crypto markets.

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GSR Markets UK CEO Jakob Palmstierna noted that this milestone will enable the company to better support its clients “as they navigate the dynamic, rapidly growing market.”

The firm’s global operations include over 120 employees in the UK, making it one of the largest crypto-native employers in the region.

MPI License in Singapore

On April 4, 2024, GSR Markets secured its Major Payment Institution (MPI) license from MAS. This license allows the firm to offer multiple payment services and exceed the volume limitations imposed on payment firms.

• With the MPI license, GSR can surpass the SG$3 million ($2.2 million) volume limit for a single payment service and the SG$6 million ($4.4 million) monthly limit for two or more services.

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According to the statement, the criminal group had laundered at least $295 million through cryptocurrencies. The police investigation further uncovered that the suspects utilized local bank accounts to receive and transfer funds, while also engaging in over-the-counter (OTC) crypto transactions.

Law enforcement officials highlighted that such criminal organizations often utilize e-commerce platforms, cross-border e-commerce, and import-export companies as fronts to launder money, emphasizing the prevalent use of cryptocurrencies in these illicit schemes.

The post $300 Million Crypto-Laundering Ring Busted in China-South Korea Crackdown appeared first on Coin Engineer.

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This is just one example of the Foundation’s previous similar sales. A total of 2,262 ETH sales in 2023 were made at an average price of $1,609 per ETH. The Ethereum Foundation still holds a large amount of ETH: $806 million in ETH, $79.81 million in WETH.

However, despite these sales, the Ethereum Foundation still holds a significant amount of coin. According to on-chain data, the Foundation holds a total of $886 million in ETH assets, with $806 million in ETH and $79.81 million in WETH.

The Foundation also holds $500,000 in stablecoins and $15,000 in BNB. However, it is alleged that the BNB assets were transferred without permission.

These changes in the Ethereum Foundation’s portfolio are being closely watched by the crypto community.

The post Ethereum Foundation Continues to Sell ETH in OTC Deals! appeared first on Coin Engineer.