Max Keiser Says MicroStrategy Is ‘Tearing Up the Rulebook’ to Reach 1M Bitcoin | US Crypto News

Monicah W

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. 

Grab a coffee to read how corporate players are rewriting the Bitcoin (BTC) playbook in real time. As traditional finance (TradFi) norms unravel, bold strategies are emerging to reshape corporate balance sheets and redefine what it means to go all in on digital assets, regardless of risk or reward.

Crypto News of the Day: Strategy Rips Up Rulebook on Path to 1 Million Bitcoin, Says Max Keiser

Strategy, now MicroStrategy, recently revealed a new offering called STRC, or “Stretch.” Marketed as a perpetual preferred stock with an initial 9% dividend, the product is explicitly designed to support the company’s goal of accumulating more Bitcoin.

Michael Saylor, executive chairman of Strategy, announced the IPO via X (Twitter), calling it a new lever for Bitcoin accumulation.

Strategy’s post echoed the same language, reaffirming that net proceeds will go toward general corporate purposes, including acquiring Bitcoin.

That mission, however, was punctuated more dramatically in an exclusive comment to BeInCrypto by Bitcoin evangelist Max Keiser.

“Strategy is committed to 1 million Bitcoin by any means necessary. They’re tearing up the corporate finance rule book and charging hell-bent for leather to the 1 million Bitcoin promised land,” Keiser told BeInCrypto.

Morgan Stanley, Barclays, Moelis & Co., and TD Securities are joint bookrunners, signaling strong institutional coordination.

However, Keiser’s comment cuts through the finance speak, articulating that MicroStrategy does not want more Bitcoin. Rather, it wants all the Bitcoin.

This aggressive tone is consistent with Strategy’s decade-long shift from an enterprise software firm to a Bitcoin holding company.

Meanwhile, even as the firm progressively pivots to BTC, analysts say the firm could trigger a Bitcoin cascade worse than Mt. Gox or Three Arrows Capital.

MARA Raises $850 Million to Double Down on Bitcoin

MARA Holdings, the world’s largest public Bitcoin miner, is joining the Bitcoin accumulation wave. The firm revealed a $850 million private offering of convertible senior notes due in 2032.

The move signals continued strategic conviction in Bitcoin as a treasury reserve and a core asset in the company’s business model. The offering consists of 0.00% convertible senior notes, with an option for initial purchasers to buy an additional $150 million.

Redemption terms kick in from January 2030, and the company has embedded multiple mechanisms to manage dilution.

MARA intends to use the bulk of the proceeds to buy additional Bitcoin and fund general corporate purposes. This raise highlights MARA’s role as a miner and digital asset treasury operator.

Like Strategy, MARA is positioning itself to amass more Bitcoin while fortifying its balance sheet against future market disruptions.

Data on Bitcoin Treasuries shows MARA is a distant second among public corporate holders of BTC, holding 50,000 tokens.

Meanwhile, as of this writing, MicroStrategy is the largest holder, with a 607,770 portfolio valued at $71.80 billion.

Chart of the Day

Top 100 Public Companies holding BTC
Top 100 Public Companies holding BTC. Source: Bitcoin Treasuries

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

Crypto Equities Pre-Market Overview

Company At the Close of July 22 Pre-Market Overview
Strategy (MSTR) $426.40 $425.74 (-0.15%)
Coinbase Global (COIN) $404.44 $405.50 (+0.26%)
Galaxy Digital Holdings (GLXY) $29.11 $29.90 (+2.71%)
MARA Holdings (MARA) $19.88 $18.86 (-5.33%)
Riot Platforms (RIOT) $14.27 $14.13 (-0.98%)
Core Scientific (CORZ) $13.48 $13.60 (+0.89%)
Crypto equities market open race: Google Finance

The post Max Keiser Says MicroStrategy Is ‘Tearing Up the Rulebook’ to Reach 1M Bitcoin | US Crypto News appeared first on BeInCrypto.

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Ethereum (ETH) Whale Stability Signals Calm Before Potential Major Move

Ethereum (ETH) has been showing signs of renewed strength, gaining 14% over the past seven days. Despite the recent rally, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of key resistance levels ahead.

Whether Ethereum can reclaim higher ground or faces renewed selling pressure will likely depend on its next moves around major support and resistance zones.

Ethereum’s BBTrend Cools: What It Signals Next

Ethereum’s BBTrend currently sits at 8.77, marking a noticeable decline from 11.83 two days ago.

Despite the drop, the indicator has remained positive for the past three days, suggesting that Ethereum has maintained an underlying bullish structure even as momentum cools off.

This shift could signal the early stages of a potential consolidation phase, during which the market takes a breather before deciding on its next major move.

ETH BBTrend.
ETH BBTrend. Source: TradingView.

BBTrend, or Bollinger Band Trend, is a technical indicator that measures the strength of a trend by analyzing how price behaves relative to the Bollinger Bands.

When BBTrend values are high and positive, they generally signal a strong uptrend; when they are negative, they point to a downtrend. Ethereum’s BBTrend, now at 8.77, indicates that while the uptrend is still present, its strength is fading.

Buyers failing to reassert control could lead to increased volatility, potential pullbacks, or sideways movement.

Ethereum Whales Hold Steady: What It Means for Price

The number of Ethereum whales — wallets holding between 1,000 and 10,000 ETH — currently stands at 5,458.

This figure rose slightly from 5,442 on April 21 to 5,457 on April 23, and has remained stable around this level for the past four days.

The recent stabilization suggests a pause in accumulation or distribution activity among large holders, offering a potential signal that the market could be waiting for a catalyst before making its next significant move.

Ethereum Whales.
Ethereum Whales. Source: Santiment.

Tracking Ethereum whales is critical because these large holders can have an outsized impact on price movements. When whale numbers rise, it often signals confidence and potential accumulation, which can be bullish for price.

Conversely, a declining whale count might suggest selling pressure ahead.

With the number of Ethereum whales holding steady around 5,458, it could imply a neutral stance among major players — neither aggressively buying nor selling — potentially leading to reduced volatility and range-bound price action until a clearer trend emerges.

Ethereum’s Battle Around $1,828: Breakout or Breakdown?

Ethereum’s EMA (Exponential Moving Average) lines are currently aligned in a bullish formation, with the short-term EMAs positioned above the long-term ones — a classic sign of upward momentum.

Over the past few days, ETH attempted to break through the resistance zone around $1,828 but was unsuccessful. If Ethereum tests this level again and successfully breaks above it, the next upside targets would be the $1,954 resistance, followed by a potential move to $2,104.

ETH Price Analysis.
ETH Price Analysis. Source: TradingView.

A break above $2,000 would be significant, marking the first time ETH trades above this psychological level since March 27.

However, Ethereum price could fall back to test the support at $1,749 if the bullish momentum fades and the trend reverses. Losing this level could expose ETH to further declines toward $1,689.

Should selling pressure intensify, deeper support levels at $1,537 and even $1,385 could come into play.

The post Ethereum (ETH) Whale Stability Signals Calm Before Potential Major Move appeared first on BeInCrypto.