Strategy's Bitcoin Holdings Surge to 580,955 BTC; BlackRock's IBIT ETF Sees Outflow
Key Takeaways
- Strategy now holds 580,955 BTC, valued at $60 billion, after purchasing 705 more for $75 million.
- Coinbase received $429M Bitcoin from BlackRock as IBIT saw a $430M outflow.
- Metaplanet now holds over 8,888 BTC, becoming Asia's largest corporate holder.
- Glassnode and CryptoQuant suggest Bitcoin rally nearing short-term top.
- IG now offers spot crypto trading to retail customers.
Top Stories
Strategy boosts Bitcoin holdings to 580,955 BTC
On June 2, 2025, Strategy announced the purchase of 705 additional BTC for $75 million, increasing their total holdings to 580,955 BTC. The average purchase price was $106,495 per bitcoin, adjusting the overall average to $70,023, with the total holdings valued at approximately $60 billion at a market price of $104,000 per bitcoin.
Coinbase received $429M Bitcoin from BlackRock; IBIT outflow
On June 2, 2025, reports indicated that Coinbase received $429 million in Bitcoin from BlackRock. Simultaneously, BlackRock's spot bitcoin ETF (IBIT) experienced an outflow of $430 million, ending its streak of inflows.
Metaplanet accumulates Bitcoin, becomes Asia's largest holder
On June 2, 2025, Japan's Metaplanet, dubbed “MicroStrategy”, announced the purchase of 1,088 additional bitcoin for $117.5 million, bringing its total holdings to over 8,888 BTC, worth over $930 million. Metaplanet's Bitcoin accumulation strategy, initiated in April 2024, has made it the largest corporate BTC holder in Asia and among the top ten globally, with a YTD BTC Yield of 66.3%. The firm issued $50 million in zero-interest bonds to fund BTC purchases.
Bitcoin rally nearing short-term top: Glassnode, CryptoQuant
On June 2, 2025, Glassnode reported a decrease in momentum buyers and a sharp increase in profit takers, suggesting a potential near-term top in the Bitcoin market. CryptoQuant also reported that Bitcoin is trading above $105,000, but indicators suggest the current rally may be nearing a short-term top, noting that bitcoin demand has climbed to 229,000 BTC over the past 30 days, approaching the December 2024 peak of 279,000 BTC.
IG offers spot crypto trading to retail customers
On June 2, 2025, UK-listed investments platform IG began offering spot crypto trading to retail customers, marking its first offering of crypto exposure through spot trading of BTC, ETH, and smaller tokens. The price of BTC was $105,926.27 and ETH was $2,612.34.
Price Watch
Bitcoin surpasses $105,000 amid major tweet
On June 2, 2025, Bitcoin was hovering over $105,000 during Asian trading hours. Samson Mow published a major Bitcoin Omega tweet as Bitcoin surpassed $105,000.
Bitcoin flat around $104.4k amid geopolitical tensions
On June 2, 2025, Investing.com reported that the Bitcoin price is flat around $104.4k, while major cryptocurrencies are showing signs of bottoming out, even as geopolitical tensions and tariff fears continue to cloud the near-term outlook.
Bitcoin shows resilience, stages V-shaped recovery
On June 2, 2025, Bitcoin showed resilience, staging a V-shaped recovery between $103,813.37 and $105,305.75 amid notable volume spikes.
Adoption News
Institutional Bitcoin adoption surges: Ikigai Asset Management
In May 2025, Ikigai Asset Management's Travis Kling highlighted significant institutional adoption of Bitcoin, which reached new all-time highs of $112,000. Corporate giants purchased $2.7 billion worth of BTC, while BTC spot ETFs absorbed $5.2 billion in inflows, with various companies and regions committing billions to Bitcoin and crypto strategies.
Sberbank launches Bitcoin-linked products in Russia
On June 2, 2025, Sberbank, Russia’s largest bank, launched a structured bond that tracks the price of bitcoin and the dollar-to-ruble exchange rate, available to qualified investors. Sberbank also announced plans to launch a bitcoin futures product via its SberInvestments platform on June 4, aligning with the launch of the product on the Moscow Exchange, following the Bank of Russia's allowance for financial institutions to offer cryptocurrency-linked instruments to qualified investors.
Elon Musk mentions Bitcoin; announces XChat with encryption
On June 2, 2025, Elon Musk mentioned Bitcoin for the first time in 3 years, prompting social media reactions. Musk also announced a new XChat featuring Bitcoin-like encryption.
Méliuz shares fall after $78M Bitcoin purchase plan
On June 2, 2025, Brazilian fintech Méliuz's shares fell 8% after announcing a $78 million equity raise to buy Bitcoin, intending to allocate all proceeds to purchasing Bitcoin and positioning the cryptocurrency as a primary strategic asset in its treasury.
Silk Road's Ulbricht receives 300 BTC donation
Michael Saylor wants to discuss Bitcoin on Joe Rogan
On May 31, 2025, Michael Saylor expressed his desire to discuss Bitcoin on The Joe Rogan Experience podcast.
Market Pulse
Satoshi's Bitcoin stash could outrank Warren Buffett's
On June 2, 2025, a Bloomberg Analyst reported that Satoshi Nakamoto's Bitcoin holdings could potentially surpass Warren Buffett's wealth.
Bitcoin mining profitability improved in May 2025: JPMorgan
JPMorgan reported in June 2025 that Bitcoin mining profitability improved in May 2025, with the total market cap of 13 U.S.-listed miners rising 19% from April 2025. Daily block reward gross profit increased 36% month-on-month, and Bitcoin miners earned an average of $51,600 per EH/s in daily block reward revenue, up 16% from April 2025. IREN outperformed with a 37% rise, while Bitfarms underperformed with an 8% decline.
Bitcoin tracks Japanese bond yields more than US equities
On June 2, 2025, it was reported that Bitcoin appears to be tracking long-end Japanese Government Bond (JGB) yields specifically the 30-year more closely than its traditional correlation with U.S. equities like the Nasdaq 100.
Bitcoin rangebound amid tariff tensions: QCP Capital
On June 2, 2025, QCP Capital stated that tariff tensions are expected to dominate the macro narrative through June, suggesting Bitcoin (BTC) could remain rangebound, with $100k and $110k levels being critical due to their status as strikes with the highest month-end open interest.
Regulation Front
NYC Comptroller criticizes Mayor's Bitcoin bond plan
On June 2, 2025, New York City's Comptroller Brad Lander criticized Mayor Eric Adams' plan to issue municipal bonds backed by bitcoin, labeling the proposed "BitBond" as "legally dubious and fiscally irresponsible."
Tech Advancements
Bitcoin's role and evolution discussed by Paul Brody
Published on June 2, 2025, Paul Brody discussed Bitcoin's role as a decentralized system created during the 2008 financial crisis, highlighting its political statement against untrustworthy central banks. Brody notes that Bitcoin, priced at $104,500, is mostly treading water despite the U.S. dollar being under attack, and suggests it needs to evolve to fix doubts blocking mainstream capital by improving self-custody, quantum-resilient signatures, and miner consolidation.
Trader's Corner
Crypto trader liquidated, loses $17 million
On June 2, 2025, high-stakes crypto trader James Wynn was fully liquidated, leaving him with $23 in his account after sustaining losses totaling more than $17 million in high-leverage bets.