strategy

Galaxy Research Director Alex Thorn stated on the X platform that the amount of Bitcoin currently held by Strategy has surpassed that of the world's largest Bitcoin ETF, IBIT. According to the current accumulation trend, Strategy is expected to surpass Satoshi Nakamoto in the next two years, becoming one of the largest Bitcoin-holding entities in the world.

According to a post by The Bitcoin Historian (@pete_rizzo_), Michael Saylor's Strategy has accumulated 140,000 bitcoins in the first four months of this year. At this rate, the annual purchase volume is expected to exceed 450,000 coins, and the total holdings for the year may surpass 1 million coins.

According to monitoring by Hyperinsight, the "Strategy Opponent" whale has continued to build a position with 40x leveraged BTC short positions today. As of one hour before this report, 166.1 BTC short positions have been opened, amounting to approximately 12.97 million USD, with an average price of 78,268 USD and a liquidation price of 79,247 USD.It is reported that this address manually stopped loss two days ago after BTC rose over 76,000 USD, exiting a short position of 78 million USD with a loss of 10.1 million USD. This time, it has once again entered a short position with a very narrow liquidation price.

According to Global Money, Strategy founder Michael Saylor stated that if Strategy accumulates about 7.5% of Bitcoin, each Bitcoin will be valued at 10 million dollars. He also pointed out that once this threshold is reached, acquisition activities will significantly slow down, marking the upper limit of the S-curve accumulation strategy.Public data shows that as of April 19, Strategy holds a total of 815,061 BTC, with a total cost of approximately 61.56 billion dollars (average price of 75,527 dollars), accounting for about 3.881% of the Bitcoin supply.

Michael Saylor posted on the X platform that in the three weeks prior to April, the Strategy achieved a revenue of 47,079 BTC, with a yield of 6.2%, equivalent to approximately 3.6 billion dollars at current prices.Michael Saylor stated that Bitcoin Gain is the measurement closest to Net Income under the "Bitcoin Standard" system.

Michael Saylor posted on the X platform that the Strategy achieved a revenue of 47,079 BTC in the first three weeks of April, with a yield of 6.2%, amounting to approximately 3.6 billion dollars at current prices.Michael Saylor stated that Bitcoin Gain is the closest measure to Net Income under the "Bitcoin Standard" system.

According to BBX data, yesterday Cantor Fitzgerald raised the target prices for multiple cryptocurrency concept stocks on the same day, but stock prices remained generally under pressure. The core dynamics are as follows:Cantor Fitzgerald analyst Ramsey El-Assal released a research report on April 21, maintaining an "Overweight" rating for Strategy, Inc. (NASDAQ: $MSTR), Robinhood Markets, Inc. (NASDAQ: $HOOD), and Block, Inc. (NYSE: $XYZ), and raised the target prices to $212 (from $192), $110 (from $95), and $88 (from $78), respectively. El-Assal stated that the market is viewing the Q1 earnings report as "rearview mirror data" and is shifting attention to forward-looking growth drivers such as market predictions and tokenization. Despite the collective increase in target prices, the three stocks closed down approximately 2.78%, 4%, and 2% yesterday, reflecting the dual impact of macro sentiment suppression and geopolitical uncertainty.Circle Internet Group, Inc. (NYSE: $CRCL) closed yesterday (April 21) at about $97, with a decline of approximately 4.6% on the day, corresponding to a market capitalization of about $24 billion; the stock's 52-week low was $49.90 (on February 5), and it has rebounded approximately 95% from that low; Q1 2026 earnings report is expected to be released on May 11, with consensus revenue expectations for Q2 at about $718 million.

The Spark strategy chief monetsupply.eth tweeted criticism of Aave's decision to unfreeze the core Ethereum WETH market, arguing that this decision is poorly considered under current conditions. After the unfreezing, it will allow LST/LRT holders to establish extremely high-yield looping positions, resulting in continuous liquidity shortages for aEthWETH, making it difficult for ordinary users to withdraw normally.Taking weETH looping as an example: weETH is currently trading at a 0.5% discount, and if it returns to par within a month, the implied yield is about 6%. Combined with the basic staking yield, the total yield can reach 8%. Meanwhile, the maximum borrowing rate for core ETH on Aave is 5.15%, allowing loopers to earn an additional 2.85% yield; weETH can be leveraged up to 14 times, resulting in a maximum annualized yield of about 45%.He believes that this essentially provides LST/LRT loopers with a "free lunch," while further deteriorating the user experience for aWETH holders and stablecoin borrowers.

MonetSupply, the strategy director at Spark, posted on platform X that Aave has decided to lift the freeze on the Ethereum Core WETH market. Under the current interest rate model, LST/LRT holders can execute high-leverage circular strategies using assets like weETH, taking advantage of the approximately 0.5% discount on the weETH market price and the Aave ETH borrowing rate cap of 5.15%, to achieve an annualized return potential of about 45%.Currently, the utilization rate of the aEthWETH market has reached 100%, making it more difficult for regular depositors and stablecoin borrowing users to exit or refinance from aWETH. MonetSupply pointed out that this decision provides arbitrage opportunities without addressing the liquidity tension of aEthWETH, weakening the liquidity and experience for regular users.

The "AI × RWA: The Action Economy" themed side event hosted by the Hong Kong AI one-stop family health management platform XKONG has concluded. At the event, XKONG revealed its "decentralized health network" strategy: plans to deploy over 3,500 health service terminals in Hong Kong, creating a triadic health ecosystem consisting of AI diagnostic devices, the XKONG APP, and the AI health assistant KoKo. Each health behavior and interaction by users will be converted into Token rights for the use of platform AI services, forming a closed loop from "user behavior" to "AI consumption." XKONG stated that it will use Hong Kong as a model and enter more than 10 countries and regions globally by 2026.

According to BBX data, the two major cryptocurrency reserve companies disclosed their holdings updates simultaneously yesterday. The expansion rate of Bitcoin and Ethereum treasury reserves both reached a phase high. The core dynamics are as follows:Strategy, Inc. (NASDAQ: $MSTR) submitted SEC Form 8-K on April 20, disclosing that the company purchased an additional 34,164 BTC from April 13 to 19, with a total expenditure of approximately $2.54 billion, at an average price of about $74,395, marking the third largest single purchase in the company's history; approximately 85% of the funds for this round of purchases came from STRC preferred stock ATM financing (net proceeds of $2.176 billion), with the remainder from MSTR common stock (net proceeds of $366 million). As of April 19, the company's total holdings reached 815,061 BTC, with a total cost of approximately $61.56 billion (average price $75,527), and the BTC yield since the beginning of 2026 is 9.5%.Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) issued an official announcement through PR Newswire on April 20, stating that as of April 19 at 4:00 PM ET, the company held 4,976,485 ETH (approximately 4.12% of the total circulating ETH), with a weekly purchase of 101,627 ETH (approximately $230 million) last week, marking the largest single-week increase in 2026; the company's total combined cryptocurrency assets, cash, and strategic investments amount to approximately $12.9 billion (including $1.12 billion in cash). Currently, 3,334,637 ETH has been staked (accounting for about 67% of total holdings), with an annualized staking yield of approximately $221 million (7-day annualized staking yield of 2.88%).

Phong Le, CEO of Bitcoin Treasury Company Strategy, shared on platform X that the amount of Bitcoin purchased by its perpetual preferred stock STRC in 2026 has reached about 10 times the total amount purchased by all Bitcoin ETFs during the same period, demonstrating a strong trend of continued investment from the corporate side.

BNB Treasury Company BNB Plus disclosed that it has received a notice from Nasdaq, stating that it no longer meets the continued listing standards due to its stock price being below the minimum requirement of $1, and because it implemented a reverse stock split in the past year, it is not eligible for the regular compliance period. The company stated that it has requested a hearing, and its stock will continue to trade on Nasdaq until the outcome is determined.In addition, BNB Plus announced that the board of directors has approved the initiation of a strategic alternatives assessment to maximize shareholder value, with potential options including mergers, reverse mergers, asset sales, joint ventures, financing, and other transactions. As of now, the value of its crypto treasury assets is approximately $12.2 million.

According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) purchased 34,164 BTC last week at a price of approximately $74,395, worth $2.541 billion.Strategy now holds a total of 815,061 BTC ($6.1363 billion), with an average cost of $75,527, resulting in an unrealized loss of $195 million (-0.3%). The current BTC price is right at its average cost.Ethereum treasury company Bitmine (BMNR) purchased 101,627 ETH last week at a price of approximately $2,305, worth $234 million.Bitmine now holds a total of 4,976,485 ETH ($11.505 billion), with an average cost of $3,596, resulting in an unrealized loss of $6.39 billion (-35.7%).

According to SoSoValue data, as of 8 AM Eastern Time on April 20, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $2.542 billion, an increase of 154.2% compared to last week.Strategy (formerly MicroStrategy) announced an investment of $2.54 billion (an increase of 154% compared to last week) to purchase 34,164 Bitcoins at a price of $74,395, bringing the total holdings to 815,061 Bitcoins.The Japanese listed company Metaplanet did not purchase Bitcoin last week.In addition, four other companies purchased Bitcoin last week. The American asset management company Strive announced on April 15 that it bought 27 Bitcoins, bringing its total holdings to 13,768 Bitcoins, without disclosing the specific purchase amount; the Japanese fashion brand ANAP invested $410,000 on April 16 to increase its holdings by 5.07 Bitcoins at a price of $81,607.50, bringing its total holdings to 1,422.1041 Bitcoins; the British Bitcoin company The Smarter Web Company announced on April 14 that it invested $800,000 to purchase 11 Bitcoins at a price of $72,702, bringing its total holdings to 2,706 Bitcoins; the French Bitcoin company announced on April 20 that it invested $920,000 to purchase 12 Bitcoins at a price of $72,102.50, bringing its total holdings to 2,937 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the publicly listed companies included in the statistics (excluding mining companies) is 1,081,576 Bitcoins, an increase of 3.28% compared to last week, with a current market value of approximately $8.165 billion, accounting for 5.4% of the circulating market value of Bitcoin.

According to official news, Strategy spent $2.54 billion last week to purchase 34,164 bitcoins, with an average price of about $74,395.As of April 19, the company holds a total of 815,061 BTC, with a cumulative purchase cost of about $61.56 billion, an average holding price of about $75,527, and a BTC return rate of 9.5% year-to-date in 2026.

The Solana ecosystem perpetual contract trading platform Pacifica announced that the Vaults feature has officially launched on the testnet. Users can browse existing vaults and deposit funds to follow strategies for returns, or they can create their own vaults, set deposit limits, profit and loss distribution ratios, and manage trades.In addition, the official statement indicated that all Pacifica users included in the snapshot on April 18 can enjoy a 3x points loyalty bonus each week. Currently, the platform has issued approximately 333 million points, with a weekly trading volume of $2.455 billion.

Strategy founder Michael Saylor has once again released information related to the Bitcoin Tracker, stating: "Think Even ₿igger."According to previous

The head of the Spark Protocol strategy, monetsupply.eth, posted on platform X stating that in January of this year, low-usage assets like rsETH were removed and collateral and functionality were continuously tightened. This move sparked strong dissatisfaction among "ETH leveraged" users at the time.Additionally, Spark has long set a high upper limit on interest rates in the ETH lending market, transferring some business and revenue to Aave over the past year (where its ETH borrowing rate once dropped to 10% or below). However, in the current market crisis environment, this strategy has proven to be more prudent. Currently, SparkLend still maintains sufficient ETH withdrawal liquidity, while Aave has experienced liquidity tightness and even "lock-up" situations in the Ethereum mainnet and multi-chain markets like Arbitrum and Base.monetsupply.eth further warned that since ETH is the core collateral asset, when market utilization reaches 100%, collateral liquidation will not be able to execute normally. The depletion of liquidity not only affects the depositor experience but may also pose systemic risks. In the current situation of insufficient liquidity in Aave, a 15%-20% drop in ETH prices could lead to significant bad debt accumulation (in addition to the potential impact of the rsETH incident).