Bitcoin Holds Above $105,000; BlackRock's Massive Coinbase Transaction
Key Takeaways
- Bitcoin stabilized around $105,000 amid market volatility influenced by geopolitical risks.
- BlackRock's $561M Bitcoin transaction impacted Coinbase, which received $429M in Bitcoin.
- Bitcoin drop below $90,000 threatens corporate treasuries, half could be underwater.
- Bitcoin ETFs saw $268M outflow, marking the third consecutive day of outflows.
- Neutron to launch Bitcoin-backed lending product with loans up to $1,000,000 USDT.
Top Stories
Bitcoin steadies around $105,000 amid market volatility.
On June 3, 2025, Bitcoin stabilized above $105,000 after a weekend sell-off, showing a 0.19% decrease to $105,710.24 and then rising 0.33% to $105,291.98. Analysts attribute the volatility to geopolitical risks and U.S.-China trade tensions, suggesting a natural market correction.
BlackRock's large Bitcoin transactions impact Coinbase.
On June 3, 2025, BlackRock's $561 million Bitcoin transaction has stunned Coinbase, which received $429 million in Bitcoin from BlackRock.
Bitcoin drop below $90,000 threatens corporate treasuries.
On June 3, 2025, Geoff Kendrick warned that if Bitcoin falls below $90,000, half of corporate Bitcoin treasuries would be underwater, while StanChart indicated a liquidation risk if Bitcoin drops 22% from its treasury cost.
Bitcoin ETFs see $268M outflow; downside fears rise.
On June 3, 2025, U.S.-listed spot bitcoin ETFs experienced a net outflow of $268 million, marking the third consecutive day of outflows, with put options on BlackRock's IBIT ETF indicating downside fears.
Neutron to launch Bitcoin-backed lending product.
On June 3, 2025, Neutron, an Asia-based Bitcoin Lightning infrastructure company, announced Neutron Lend, a non-custodial, bitcoin-backed lending product, expected to launch by the end of June 2025, featuring loans of $10,000-$1,000,000 USDT, 50% LTV, and 6-12% APR.
Price Watch
Bitcoin hits new highs above $110,000.
On June 3, 2025, Bitcoin rose to new lifetime highs above $110,000, marking a surge of over 40% from its early April lows near $75,000.
McGlone predicts Bitcoin could fall to $40,000.
On June 3, 2025, Bloomberg’s Mike McGlone issued a prediction that Bitcoin could reach $40,000, while U.Today reported that massive liquidity clusters could send BTC to $110,000.
Corporate Bitcoin Strategy
Saylor's Bitcoin reserves reach $61 billion.
Metaplanet holds 8,888 BTC, valued over $930 million.
As of June 3, 2025, Metaplanet's Bitcoin holdings reached 8,888 BTC, with a total value exceeding $930 million.
Norwegian Block Exchange shares surge after BTC purchase.
On June 3, 2025, Norwegian Block Exchange shares surged over 100% after announcing the purchase of six BTC ($633K), with plans to increase holdings to 10 BTC by month's end.
K33 acquires 10 BTC, plans to reach 1,000 BTC.
On June 3, 2025, K33, a Sweden-based digital asset firm, acquired 10 BTC for approximately SEK 10 million ($1 million) as part of a new bitcoin treasury strategy, with CEO Torbjørn Bull Jenssen aiming to scale holdings to at least 1,000 BTC.
Market Pulse
MARA Holdings shares rise with Bitcoin price.
On June 3, 2025, MARA Holdings shares increased by 5.5% alongside a modest rise in Bitcoin's price to over $106,000.
$203M Bitcoin stuns Binance and Kraken.
On June 3, 2025, it was reported that $203,296,404 Bitcoin Stun Top Exchanges Binance and Kraken.
Bitcoin Miners Gain as Meta Signs AI Deal.
Published on June 3, 2025, Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant.
Adoption News
Winklevoss: 'Buy Bitcoin' amid $36T US debt.
On June 3, 2025, Gemini’s Winklevoss reacted to the $36 Trillion US Debt by saying ’Buy Bitcoin’.