Dormant Bitcoin Whale Moves $468M; MicroStrategy to Raise $2B to Acquire More Bitcoin

Bitcoin Price and News
Total 868 words · 4 mins read

Key Takeaways

  • A dormant Bitcoin whale moved 3,962 BTC ($468M) after 14.5 years.
  • MicroStrategy plans to raise $2B to acquire more Bitcoin, targeting 1 million BTC.
  • Satsuma Technology raised $135M for Bitcoin treasury investment, the largest in the UK.
  • Block Inc. joined S&P 500, holding $1B in Bitcoin; Square announced BTC payments.
  • Russia sees a tenfold increase in crypto mining firms, now second-largest globally.

Top Stories

Dormant Bitcoin whale moves 3,962 BTC, worth $468 million.

On July 23-24, 2025, a Bitcoin whale reactivated after 14.5 years, transferring 3,962 BTC (approximately $468 million) to a new address. The wallet had accumulated its balance in January 2011 when Bitcoin was worth $0.37, highlighting the impact of long-term holding on the current market.

MicroStrategy to raise $2 billion to acquire more Bitcoin.

MicroStrategy, led by Michael Saylor, plans to increase its stock offerings to $2 billion to acquire more Bitcoin, aiming to hold 1 million BTC. The company currently holds 607,770 BTC, valued at approximately $72 billion, and is using stock sales to achieve its goal.

Satsuma Technology raises $135 million for Bitcoin treasury investment.

London-based AI company Satsuma Technology raised $135 million for a Bitcoin treasury investment, the largest in the UK. The company aims to combine decentralized AI with corporate treasury strategy, utilizing the Bittensor (TAO) ecosystem.

Block Inc. joins S&P 500, boosting Bitcoin presence.

Block Inc., led by Jack Dorsey, joined the S&P 500 Index on July 23, 2025, holding 8,584 Bitcoins, valued at $1 billion. Following the announcement, Block shares rose, and Square announced Bitcoin (BTC) payments for merchants.

Russia sees tenfold increase in crypto mining firms.

On July 23, 2025, a Russian lawmaker reported a tenfold increase in registered crypto mining firms in the past six months, with over 1,000 firms now legally mining. Russia is now the second-largest Bitcoin miner globally, with a hashrate exceeding 150 EH/s.

Breaking News

Wallets move 10,603 BTC worth $1.26 billion.

On July 23, 2025, three wallet addresses that received Bitcoin in 2020 moved 10,603 BTC, worth approximately $1.26 billion. The reason for the movements is unknown.

DigitalX acquires 74.7 BTC, increasing holdings.

DigitalX, an ASX-listed cryptocurrency fund manager, acquired 74.7 BTC for approximately $8.8 million on July 23, 2025, bringing its total holdings to nearly 500 Bitcoin. DigitalX's Bitcoin treasury now exceeds $100 million.

Expert Take

Calamos Investments suggests up to 10% Bitcoin allocation.

Calamos Investments suggests investors can allocate up to 10% of a traditional portfolio to Bitcoin without adding risk, using Protected Bitcoin strategies. This approach utilizes downside protection provided by zero-coupon US Treasuries.

Analysts predict potential Bitcoin downturn.

On July 23 and 24, 2025, analysts predicted a potential downturn for Bitcoin, citing overbought sentiment and approaching key price levels. Monitoring key price levels is important to understand Bitcoin's trajectory.

Frank Holmes: Bitcoin's price surge benefits miners.

On July 23, 2025, Frank Holmes stated that Bitcoin's price surge is significantly benefiting miners, especially those employing a HODL strategy. Holmes believes Bitcoin's scarcity, capped at 21 million coins, will drive adoption and increase its value.

Market Pulse

Bitcoin's volatility correlates with S&P 500 VIX.

On July 23, 2025, Bitcoin's volatility index showed a 0.88 correlation with the S&P 500 VIX, the highest in 90 days. This indicates synchronized behavior, driven by institutional investors linking Bitcoin to traditional markets.

Cryptocurrency market experiences significant liquidations.

On July 23-24, 2025, the cryptocurrency market experienced a downturn, leading to significant liquidations, with $748 million in liquidations within 24 hours. Bitcoin liquidations totaled $69.79 million, and Ethereum liquidations reached $178 million.

Cryptocurrency market cap at $3.86 trillion, Bitcoin dominance 61.2%.

On July 24, 2025, the cryptocurrency market had a market cap of $3.86 trillion, with Bitcoin trading around $118,500 and a market dominance of 61.2%. Liquidations of leveraged traders reached $968.2 million.

Price Watch

Bitcoin price fluctuates, with mixed performance in the crypto market.

On July 23-24, 2025, Bitcoin traded around $118,000-$119,000, with mixed performance across the crypto market, including gains for BNB and declines for Ethereum and XRP. Reduced trade tensions could increase confidence in investing in volatile assets, such as cryptocurrencies.

Bitcoin consolidates around $119,000, supported by cooling inflation data.

Bitcoin is holding around $119,000, supported by cooling U.S. inflation data and a $2 billion stablecoin injection. Technical analysts are watching a liquidity zone between $119,500 and $120,500.

Bitcoin price above $118,000, market open.

On July 16-17, 2025, Bitcoin's price increased and remained firm above $119,000, and on July 25, 2025, Bitcoin CAD is trading at 162,532.88, up +(0.74%). The climate of expectation with possible interest rate cuts and new uncertainty around Fed leadership contribute to the strengthening of the thesis of scarce and decentralized assets like Bitcoin.

Bitcoin in compression, awaiting Jerome Powell's speech.

Bitcoin is in a state of compression, with technical indicators suggesting a potential breakout. The market is awaiting Jerome Powell's speech on July 25 and the U.S. GDP Q2 preliminary report on July 26 for further direction.

Bitcoin falls by approximately 0.4% to $118,000.

The "Crypto Daybook Americas" from July 23, 2025, reports that investors are increasingly seeking higher-risk assets. Bitcoin (BTC) fell by approximately 0.4% to $118,000.

Bitcoin price declines then recovers in Japanese Yen.

On July 23, Bitcoin (BTC) started trading at ¥17,612,432, declined to ¥17,400,000 due to sell-offs, and later recovered slightly to close at ¥17,410,000. The price movement was influenced by the potential reduction of US tariffs on EU goods to 15%.

Regulation Front

Donald Trump pushes for cryptocurrency integration.

On July 24, 2025, Bloomberg reported on Donald Trump's renewed push to integrate cryptocurrency into his policies, including a new US law backing stablecoins.

Tech Edge

ChatGPT analysis: Bitcoin steady at $118,688.

ChatGPT's 42-indicator BTC analysis shows Bitcoin steady at $118,688, 16.6% above its 200-day EMA. The analysis flags a key $120K test amid altseason uncertainty.

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