Bitcoin dropped under $119,000 after US Treasury Secretary Scott Bessent confirmed the government will not make new bitcoin purchases for its strategic reserve.

Strategy (formerly MicroStrategy) and El Salvador have recorded substantial profits as Bitcoin reaches a new all-time high above $124,000, with Strategy's holdings now valued at $77.2 billion and El Salvador's profit surpassing $468 million.

Senator Cynthia Lummis advocates for a gold revaluation to finance the US Strategic Bitcoin Reserve, aiming to bypass legal obstacles that limit the use of seized bitcoin for national reserves.

Analyst Mark Moss says Bitcoin treasury companies are leveraging legacy financial systems to position themselves for a major wealth transfer into bitcoin.

Bitwise's Jeff Park argues that institutional investors are overlooking bitcoin's unique advantages by sticking to traditional illiquidity-focused investment models.

Michael Saylor has indicated that Strategy will increase its Bitcoin holdings, with the firm’s treasury now surpassing 628,946 BTC after rapid accumulation since late 2024.

A Bank of America survey reveals that 97% of institutional fund managers hold no bitcoin, with only a small minority making minimal allocations.

Adam Livingston proposes that the US government allocate tariff surpluses to build a strategic bitcoin reserve, while Treasury officials signal mixed intentions on further acquisitions.

Harrys Manufacturing Inc. has become the first publicly traded tobacco company to acquire bitcoin, allocating part of its treasury for financial diversification.

A portfolio of more than 280 Bitcoin-related web domains, some registered as early as 2010, is up for auction at Lloyds Auctions, marking a significant event in digital asset history.