HONG KONG — Thomas Lee, chief investment officer of Fundstrat and chairman of ether treasury firm BitMine Immersion (BMNR), said that investors should focus less on timing the exact low and start looking for entries in a keynote speech at Consensus Hong Kong 2026 on Wednesday. "You should be thinking about opportunities here instead of selling," Lee said. BTC has suffered a 50% drawdown from its October record highs, its worst correction since 2022. On Wednesday, bitcoin fell back below $67,000, giving ...

Core Viewpoint - Galaxy Digital's share price surged 18% to $19.90 following the announcement of a $200 million share repurchase program, indicating management's confidence in the stock's undervaluation and the company's strong financial position [1][3]. Group 1: Share Repurchase Program - The company has authorized a share repurchase program of up to $200 million, allowing for the buyback of Class A common stock over the next 12 months [1]. - Buybacks may be executed through various methods, including open market transactions and trading plans under Rule 10b5-1, with the option to suspend or discontinue the program based on market conditions [2]. Group 2: Management Confidence - Management's decision to initiate the buyback program reflects confidence that Galaxy's shares are undervalued and that the firm has excess capital available [3]. - CEO Mike Novogratz emphasized the company's strong balance sheet and ongoing investments in growth, which provide the flexibility to return capital to shareholders when the stock price does not reflect the business's value [4]. Group 3: Financial Performance - Galaxy reported a net loss of $482 million for the fourth quarter, which initially negatively impacted the stock price [5]. - Despite the quarterly loss, the company generated $426 million in adjusted gross profit for the full year and ended the year with $2.6 billion in cash and stablecoins, highlighting its strong liquidity position [5]. Group 4: Market Context - Other cryptocurrencies and stocks in the crypto sector also experienced gains, with Bitcoin reaching $70,000 and Ethereum surpassing $2,000 [6]. - In traditional markets, the Dow Jones Industrial Average exceeded 50,000 for the first time, indicating a positive market environment [6].

As February begins, Strategy (MSTR), the world’s largest publicly traded holder of bitcoin (BTC), is already down 7% and on track for an eighth consecutive monthly decline. The stock, currently trading near $141, is down roughly 75% from its November 2024 record high of around $540. The bulk of the decline has occurred since July, with seven straight negative months. By end-2025, the stock had fallen 48% for the year, its second-worst annual performance on record. The worst year remains 2022, when shares ...

Core Viewpoint - BitMine Immersion Technologies (BMNR) continues to purchase Ethereum (ETH) despite a significant sell-off in the crypto market, resulting in unrealized losses and a decline in stock price to a 7-month low [1][3]. Group 1: Company Holdings and Financials - BMNR purchased 41,788 ETH last week, the largest weekly acquisition this year, valued at approximately $96 million, increasing total ETH holdings to 4,285,125 tokens, representing about 3.55% of Ethereum's circulating supply [2]. - The firm also holds 193 bitcoin (BTC), $586 million in cash, a $200 million stake in Beast Industries, and a $20 million stake in Eightco Holdings [2]. - The total value of BMNR's crypto, cash, and equity holdings has decreased to $10.7 billion due to falling crypto prices, with an estimated $6 billion in unrealized losses [3]. Group 2: Market Activity and Trends - Despite the price weakness of ether, there has been a rise in activity on the Ethereum blockchain, with daily transactions and active addresses reaching record highs [4]. - The chairman noted that the current situation contrasts with previous crypto winters, where transaction activity and active wallets declined [4]. - The market has been affected by the lingering effects of October's crypto crash and a surge in precious metals prices, which have drained liquidity from the crypto economy [5]. Group 3: Staking and Revenue - BMNR has increased its staking activities, raising total staked ETH to nearly 2.9 million tokens, which is about two-thirds of its holdings, generating an estimated annualized staking revenue of $188 million [5].

Crypto Market Overview - The crypto market faced a significant sell-off over the weekend, resulting in a drop of $290 billion in market capitalization, with Bitcoin (BTC) falling to $74,674 and Ethereum (ETH) to $2,164, although both have since recovered by approximately 1% [1] - The market-wide futures open interest (OI) decreased to $108.94 billion, the lowest level since April, indicating a growing aversion to leveraged bets [5] - Over $800 million in leveraged positions were force-closed by exchanges within 24 hours, primarily affecting bullish long positions [5] Equity and Commodities Market - U.S. equities are experiencing declines in pre-market trading, with S&P 500 index futures down 0.58% and Nasdaq 100 futures down 0.85% [2] - Gold and silver prices have decreased by about 3.5% since midnight after reaching record highs last week [2] Derivatives and Trading Strategies - On the CME, Bitcoin futures opened lower at $77,730, following the weekend's price drop, with potential for a bounce above $80,000 [5] - The popularity of the $75,000 put option has increased, indicating downside fears among traders, alongside significant open interest in other put options at $80,000 and $70,000 [5] - A demand for ether put butterfly strategies has emerged, suggesting traders are anticipating market consolidation after recent volatility [5] Altcoin Market Dynamics - The altcoin market experienced a wave of liquidations, with over $300 million in ether positions forcibly closed in the past 24 hours [5] - Privacy coin DASH has lost 25% of its value over the past week, while other tokens like OP, SUI, ETH, and XTZ have also seen declines exceeding 20% [5] - HyperLiquid's HYPE token is an outlier, having increased by over 40% in the past week, attributed to significant trading volume in precious metals markets [5] Market Liquidity Conditions - Low liquidity in altcoin markets has led to exaggerated price movements due to insufficient resting orders on the order book, resulting in larger swings in both directions [6]

Strategy (MSTR) Executive Chairman Michael Saylor indicated that the largest publicly traded holder of bitcoin (BTC) bought more of the largest cryptocurrency over the past week. “More Orange,” Saylor wrote in an X post on Sunday morning. For months, Saylor has typically previewed Strategy’s bitcoin purchases with a weekend post referencing orange dots, a signal that is usually followed by a formal announcement on Monday. Given that the common stock fell 6% over the week, closing below $150 per share, ...

Michael Saylor, executive chairman of Strategy (MSTR), said the largest public traded holder of bitcoin (BTC) increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-duration, high-yield savings account. The increase is the sixth since STRC first traded in July 2025. STRC is a perpetual preferred stock that pays monthly cash distributions, with the dividend rate set each month to encourage trading near it ...

Core Insights - The article discusses the increasing reliance on artificial intelligence (AI) for information-gathering, particularly in investment strategies, while cautioning that AI-generated information may not always be accurate [1] Group 1: AI Tools and Investment Strategies - ChatGPT suggests major blue chip cryptocurrencies like bitcoin (BTC) and ethereum (ETH) as potential investments, along with solana (SOL), ripple (XRP), binance coin (BNB), chainlink (LINK), and cardano (ADA) for their utility and ecosystem support [3][4] - Grok also recommends bitcoin and ethereum, highlighting the volatility of the crypto market, and includes solana, ripple, and chainlink as notable mentions [4][5] - Gemini identifies bitcoin, ethereum, and solana as relatively "safe" investments in a risky market, and points to sectors with explosive potential, including AI and blockchain tokens like bittensor and render (RENDER) [6] Group 2: Emerging Trends and Legislative Impact - Gemini emphasizes the significance of stablecoin legislation, suggesting that stablecoins could become integral to global commerce, mentioning ripple and stellar (XLM) as options to consider [7]

Core Viewpoint - The potential nomination of Kevin Warsh as the new chair of the U.S. Federal Reserve is viewed as bearish for Bitcoin, with concerns about his emphasis on monetary discipline and higher real interest rates impacting the cryptocurrency market negatively [1][3]. Group 1: Warsh's Background and Influence - Kevin Warsh served on the Federal Reserve Board of Governors from 2006 to 2011 and has been noted for his occasional praise of cryptocurrencies [1][2]. - His track record during the global financial crisis (GFC) highlighted his focus on inflation risks, which some analysts believe exacerbated the crisis due to his hawkish stance [5][6]. - Warsh's potential return to influence is seen as ironic given President Trump's pro-risk asset approach, which contrasts sharply with Warsh's historical monetary policy views [7]. Group 2: Market Reactions and Implications - Following the speculation of Warsh's nomination, Bitcoin's price fell to near $81,000 lows, indicating market apprehension regarding his potential impact on the asset [2]. - Analysts suggest that higher real interest rates, which Warsh may advocate, typically lead to reduced exposure to risky investments like Bitcoin, as borrowing costs increase [4]. - The market perceives Warsh's emphasis on monetary discipline as framing cryptocurrencies as speculative excess rather than a hedge against inflation [3].

Bitcoin's (BTC) fast tumble back to $84,000 during U.S. morning hours Thursday came alongside equally speedy declines in stocks and precious metals. But while stocks, gold and silver have since bounced off their worst levels, crypto remains near its session lows, with BTC, ether (ETH), XRP (XRP), and solana (SOL) all down 5%-7% over the last 24 hours. "Everything from weak earnings results to worries around Iran and government shutdown are causing a broad-based selloff," said Joshua Lim, global co-head ...