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Bitcoin(BTC) Rises to $92,000 with a Narrowed 0.11% Increase in 24 Hours

Bitcoin has crossed the $92,000 benchmark and is now trading at $92,004, with a narrowed 0.11% increase in 24 hours.

Ethereum(ETH) Rises Above $3,100 with a 0.81% Decrease in 24 Hours

Ethereum rose above $3,100 and is now trading at $3,132, with a narrowed 0.81% decrease in 24 hours.

Strategy Buys $1.25 Billion in Bitcoin in Largest Purchase Since July

Michael Saylor’s Strategy acquired almost $1.25 billion in Bitcoin, marking the company’s largest purchase of the digital asset since July.

The former MicroStrategy bought 13,627 Bitcoin between Jan. 5 and Jan. 11, according to a regulatory filing on Monday. The majority of the most recent acquisitions were made using proceeds from at-the-market sales of its Class A common stock.

The move comes after the company said last week that it had a $17.44 billion unrealized loss in the fourth quarter tied to the decline in the value of its cryptocurrency stockpile. The company adopted accounting standards that required it to include the fair value of its Bitcoin holdings in its earnings, triggering multibillion-dollar swings between profits and losses. Bitcoin fell 24% in the three-months ended Dec. 31, the largest drop since the second quarter of 2022.

Trump-Linked World Liberty Opens $3.4 Billion Token for Loan Bet

World Liberty Financial, the Miami-based crypto startup which says President Donald Trump is “co-founder emeritus,” is launching a new product aimed at expanding usage of its stablecoin.

The new platform, called World Liberty Markets, allows users to lend and borrow digital assets among one another. Debuting Monday, the service will support the firm’s own tokens — the USD1 stablecoin and another token called WLFI — alongside Ether and a form of tokenized Bitcoin, as well as USDC and USDT, the market’s leading stablecoins.

Crypto Wallet Firm BitGo, Backers Seek $201 Million in US IPO

BitGo Holdings Inc. and some of its backers are seeking to raise as much as $201 million in an initial public offering, becoming the first crypto company to proceed with listing plans in 2026.

The Palo Alto, California-headquartered startup is offering 11.8 million shares for $15 to $17 each in its IPO, according to a filing with the US Securities and Exchange Commission on Monday. The company is marketing 11 million shares, and shareholders including some of the company’s executives are offering 821,595 shares.

At the top of the price range, BitGo would have a market value of $1.96 billion based on the outstanding shares listed in its filing. BitGo was valued at $1.75 billion in a funding round in 2023.

Bitmine Immersion Buys over 24K Ethereum in Past Week

BitMine Immersion Technologies Inc. acquired 24,266 Ethereum and boosted its cash position by $73M in the past week.

As of January 11, the company's crypto holdings are comprised of 4.17M ETH at $3,119 per ETH (Coinbase), 193 Bitcoin (BTC-USD), $23M stake in Eightco Holdings (ORBS) ("moonshots") and total cash of $988M.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $116.67 million. The total net asset value of Bitcoin spot ETFs is $118.65 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.49%.

The Bitcoin spot ETF with the highest net inflow on Jan. 12 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $111.75 million. Followed by Grayscale Bitcoin Trust, with a net inflow of 64.25 million, according to SoSoValue.

SoSoValue