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Bitcoin hits the $80K wall as Strategy and BitMine keep buying
Bitcoin gets rejected at $80K again as Strategy adds more BTC, BitMine keeps stacking ETH, and crypto funds extend their inflow streak.
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The institutions aren't waiting for clarity. They're buying through the chaos.
Strategy just added another $255M in Bitcoin to its already massive pile.
Bitmine is quietly cornering nearly 5% of all Ethereum in existence.
And spot ETFs are vacuuming up capital like it's 2021 again.
Here's the thing: when this much money moves at once, it tends to set the floor.
Crypto funds draw $1.2 billion as Bitcoin leads demand
Global crypto investment products saw $1.2 billion in net inflows last week, extending a four week positive streak.
Bitcoin led with $932.5 million, while Ethereum added $192.4 million and Solana brought in $31.8 million.
BlackRock’s iShares franchise dominated issuer inflows with $952 million, while Grayscale lost $50 million.
Markets
Bitcoin keeps knocking on $80K, but the door won't open
Bitcoin surged near $80K twice in the past week. Both times it got rejected.
Still, April is on track to close green. That would make it the 9th green April out of 14 for Bitcoin.
BTC traded near $77K, ETH hovered around $2,281, SOL slipped to $84, and XRP sat near $1.39.
Bitmine now holds 5 million ETH, hitting 84% of its accumulation target
One company now controls roughly 4.2% of all Ether in circulation.
Bitmine Immersion Technologies is gunning for 5% of total ETH supply. Think of it like someone trying to buy every twentieth house in a city.
That kind of concentration could reshape how Ethereum is used as collateral across finance.
Strategy drops another $255M on Bitcoin, now holds 818,334 BTC
Strategy's Bitcoin stash is now worth roughly $64B at current prices.
The firm picked up 3,273 BTC last week at an average price of about $78K. Its year-to-date BTC Yield sits at 9.6%.
When your treasury strategy outperforms most hedge funds, others tend to notice.
On Our Radar
Blueface's net worth: The rapper's fortune sits around $4 million, mostly from music and endorsements.*
Bitcoin's new landlord: Tether enters mining with unified hardware control platform.
Money moves fast: Western Union's launching a Solana stablecoin next month.
*sponsored
ICYMI
Meme of the Day
That’s your briefing. Catch you next time.
Estéfano
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