Bitcoin Magazine

Strategy and Strive have purchased a combined 2,773 bitcoins, according to Bitcoin Magazine. The two companies continue their bitcoin treasury accumulation strategies, adding to their holdings as institutional demand for the cryptocurrency persists. The purchases reinforce the trend of publicly listed firms holding bitcoin on their balance sheets.

André Dragosch, a crypto market analyst, has made the case that Bitcoin's fair value stands at roughly $197,000, well above current trading levels. The valuation, outlined in a piece published by Bitcoin Magazine, argues that on-chain and macroeconomic models point to significant undervaluation of the cryptocurrency.

Ryan Rasmussen, head of research at asset manager Bitwise, says sovereign wealth funds and governments are selling gold reserves to buy Bitcoin. The claim, aired via Bitcoin Magazine, suggests nation-states are beginning to treat Bitcoin as a superior reserve asset. If accurate, it marks a significant shift in how governments manage reserves, though details and evidence supporting the claim were not provided.