hodler

26 Jan 2026, 14:37

Gold Beats Ethereum to $5K Milestone, Hitting Record Above $5,100

Gold smashed past $5,100 as Ethereum falters below $3,000—and prediction market users called it months ago.

26 Jan 2026, 14:35

Strategy buys 2,932 BTC for $264M, ends two weeks of billion-dollar purchases

Strategy continued its streak of weekly purchases, though this time adding a smaller weekly purchase. For its latest report, Strategy added 2,932 BTC to its treasury. Strategy returned to a relatively smaller weekly BTC purchase, adding 2,932 BTC to its balance. The recent purchase follows two weeks of much larger additions, where Strategy made its highest weekly purchase in months. Strategy continued with its streak at an average price of $90,061 per BTC. To date, the company has acquired $54.19B of BTC. Strategy has acquired 2,932 BTC for ~$264.1 million at ~$90,061 per bitcoin. As of 1/25/2026, we hodl 712,647 $BTC acquired for ~$54.19 billion at ~$76,037 per bitcoin. $MSTR $STRC https://t.co/QBFRdARwtM — Strategy (@Strategy) January 26, 2026 Strategy remains the main buyer among playbook companies, retaining the biggest share of total treasuries. The average price for Strategy also serves as a potential price floor for BTC at over $76,000 per coin. For now, Strategy still buys just above the market levels, keeping its average price relatively low. Strategy continues using MSTR For this week’s purchase, Strategy returned to using MSTR, despite the common stock dilution. For the past week, $257M in proceeds came from the MSTR ATM facility. Although Strategy tries to slow down MSTR issuance, it has gone ahead of its schedule in using the common stock ATM. There is still demand for the common stock, as recently announced by one of Japan’s leading banks, Sumitomo Mitsui. The banking giant holds $96.6M in MSTR common stock. MSTR traded at $163.11, rebounding slightly in the past few days. The common stock moves with more volatility compared to BTC and bounced from recent lows in anticipation of this week’s purchase. The MSTR market also awaits the company’s earnings call on February 5. For MSTR, any BTC rally can cause an even larger price reaction, as the common stock historically amplifies BTC moves. Investors are currently pointing out that the ongoing new issuance is increasing dilution , not allowing MSTR to rally. At the current stage, critics claim that Strategy is hurting common stock buyers while managing to pay out dividends and yield to preferred stockholders. Strategy increases the importance of STRC In this week’s purchase, Strategy raised $7M from its STRC preferred stock . In the past month, STRC was the most active of all preferred shares, reaching $103M in trading volume for the past week. Strategy’s goal is to issue and sell STRC if the price is in the $99-$100 range. The STRC sales and the ability to buy more BTC depend on the preferred stock demand. STRC and SATA expanded their influence, as Strategy expects the preferred stocks to make its playbook more efficient, with larger weekly purchases. | Source: Bitcoinquant The biggest appeal of STRC is its 11.06% yield, which Strategy is so far solvent enough to repay. The goal is to keep STRC close to $100, allowing the company to raise more for BTC purchases. However, the current hype for STRC does not guarantee that Strategy will be able to continue relying on the preferred stock. After two active weeks, STRC achieved a smaller share of the weekly structure and did not prevent another round of MSTR dilution. On the other hand, more STRC issues expand the dividend yield owed. SATA is also rising to the $100 par level and may become a part of the weekly purchase mix. Strategy’s next hope is to break the four-year BTC cycle by boosting prices through its preferred stocks. The market is closely watched for a slightly different playbook. For now, BTC also has a subdued reaction to Strategy’s purchases, which are still through OTC deals. The smartest crypto minds already read our newsletter. Want in? Join them .

26 Jan 2026, 14:30

Bitcoin Large Holders Lead the Way As BTC Accumulation Picks Up, Is A Rebound Brewing?

Over the weekend, volatility observed across the broader cryptocurrency market intensified, causing the price of Bitcoin t o fall back to the $86,000 mark once again. Even with the bearish price action in the past few days, buying activity continues to pick up pace in the market, especially among large BTC holders. Bitcoin’s Largest Wallets Show Conviction Bitcoin’s price may have been struggling with heightened volatility as a result of the broader market bearish market action, but bullish sentiment remains present among investors. In the weakening condition, large BTC whales or deep-pocket investors’ sentiment turns positive and are steadily reentering the market. Data from Santiment , a popular market intelligence and on-chain data platform, suggests that these major investors are building positions at an encouraging and steady pace, even though the broader momentum is demonstrating weakening conditions. In the past, long-term whale accumulation has typically happened in uncertain times when prices don’t accurately reflect underlying confidence. Santiment noted that the buying activity is spotted among wallet addresses holding over 1,000 BTC. After months of consistent buying, the group has now collectively acquired about 104,340 BTC, which represents a more than 1.5% rise. As a result of the recent purchase, the investors’ overall holdings are currently sitting at 7.17 million BTC, marking their largest level since September 15, 2025. These wealthy investors are subtly consuming available supplies rather than distributing into recent market swings, indicating confidence in Bitcoin’s medium- to long-term potential . While buying pressure is growing among large Bitcoin holders, the number of whale transactions has also experienced a massive upswing. Santiment added that the amount of +$1 million daily transfers has exploded, reaching a 2-month high level. A Continued Drop In BTC Open Interest A continued drop in Bitcoin’s Open Interest is coinciding with the ongoing drop in price. Darkfost, a market expert and CryptoQuant author, highlighted that open interest is steadily declining, which does not support the emergence of a new trend as seen on the weekly change basis. Since November, the metric has remained broadly negative, suggesting that the drop has continued for several weeks. Although there was a brief improvement earlier this month, it was followed by a price reaction. Overall, when open interest rises, Darkfost stated that it mostly signals trend continuation to even a trend reversal , triggered by an influx of long positions. Furthermore, this is confirmed with funding rates, but this is what happens in most cases. On Sunday, as BTC displays a steady correction, deleveraging also increased. While this is bearish in the short term, these phases simultaneously aid in cleaning the market of excessive leverage. Thus, it is critical to remember that futures are still the primary source of volume, making keeping an eye on developments there an essential move.

26 Jan 2026, 14:30

Metaplanet raises FY2025 forecasts despite $680 million BTC write-down losses

Metaplanet, a Bitcoin treasury firm listed in Tokyo, revised its full-year earnings forecast for the fiscal year ending December 2025 and issued its earnings expectation for the fiscal year 2026. The report released on January 26 revealed that the company recorded a substantial non-cash Bitcoin write-down of about $680 million despite better operating performance, which put the business on course for a sizable financial loss. BTC is currently trading at $87,747.87, down 0.8% over the last 24 hours. On-chain data from Coingecko shows the current price is down 5.6% from last week and 16.1% year-to-date. Metaplanet revises FY2025 earnings forecasts amid Bitcoin write-down *Notice Regarding Revision of Full-Year Earnings Forecast for Fiscal Year Ending December 2025, Recording of Bitcoin Impairment Loss, and Announcement of Full-Year Earnings Forecast for Fiscal Year Ending December 2026* pic.twitter.com/VIKYRYb981 — Metaplanet Inc. (@Metaplanet) January 26, 2026 According to the updated full-year revised earnings forecast, the Bitcoin treasury company estimated revenue of 8,905 million JPY (approximately $58.2 million) and operating income of 6,287 million JPY (approximately $41.1 million) for the fiscal year ending in December 2025. These figures represented an increase of 31% and 33.8%, respectively, from earlier projections disclosed on October 1, 2025, of 6,800 million JPY ($44.4 million) in revenue and 4,700 million JPY ($30.7 million) in operating income. Despite an improved operating outlook, Metaplanet now anticipates an ordinary loss of 98,558 million JPY ($644.6 million USD) and a net loss attributable to parent company shareholders of 76,633 million JPY ($498.89 million USD), despite the improved operating performance, primarily because of a non-cash Bitcoin write-down. The company said it will announce the final figures in the earnings report scheduled for February 16, 2026. The company declared its Bitcoin holdings to the market at the end of each quarter during FY2025 in compliance with relevant accounting requirements. Consequently, as of December 31, 2025, a Bitcoin impairment loss of $681.19 million was reported as a non-operating expense. However, the BTC treasury firm reported a steady growth throughout FY2025, despite the short-term price volatility. By the end of 2025, BTC holdings had increased from 1,762 BTC at the end of 2024 to 35,102 BTC. For the whole of last year, BTC Yield’s BTC growth rate per diluted share reached 568%, indicating that the firm’s capital strategy and BTC acquisition program had surpassed initial goals. Metaplanet further revealed in the report that medium to long-term BTC accumulation and capital plan are still on track. According to the Metaplanet analytics page, it now has 1.1 billion issued shares with an average daily trading volume of 29.85 million during the last three months. Since adopting its BTC treasury strategy, the company has achieved returns of 2,405%. Its Bitcoin net asset value (NAV) surpasses its initial market capitalization by 220.67 times, highlighting the impact of its crypto holdings. Additionally, BTC holdings represent 0.16715% of its portfolio, with a market NAV of 1.21. The company further stated that because predicting Bitcoin prices is inherently complex, it does not offer predictions for regular income or net income. Metaplanet targets strong 2026 growth across core businesses Metaplanet said it expects operating income and revenue to continue to rise in fiscal year 2026, driven by its Bitcoin generation and hotel business. Following the sharp expansion of its Bitcoin holdings in fiscal year 2025, Metaplanet said a larger capital and BTC available as collateral should support stable premium income from Bitcoin-related options. According to the company, the hotel business is expected to deliver consistent performance, contributing to overall growth. The consolidated earnings prediction for fiscal year 2026 projects operating income of 11,400 million JPY (about $74.5 million) and revenue of 16,000 million JPY (roughly $104.6 million). Notably, the 2026 anticipated growth indicates a 79.7% increase in revenue and an 81.3% increase in operating income compared to FY2025 predictions of 8,905 million JPY and 6,287 million JPY, respectively. If you're reading this, you’re already ahead. Stay there with our newsletter .

26 Jan 2026, 14:30

Market structure bill delay seen capping U.S. crypto valuations, Benchmark says

Failure to pass market structure legislation this year wouldn’t derail U.S. crypto, but it would prolong regulatory ambiguity, favoring bitcoin and infrastructure.

26 Jan 2026, 14:28

CoinDesk 20 Performance Update: Polygon (POL) Drops 4%, Leading Index Lower

Internet Computer (ICP) was also among the underperformers, falling 3.9% over the weekend.