MicroStrategy 2.0 : All you Need to Know About New Crypto Venture Firm

Monicah W

MicroStrategy 2.0

MicroStrategy 2.0:- Bitcoin’s significance as a strategic asset has grown significantly. Today only it surpassed Google’s market cap to become the fifth-largest asset with $1.862 trillion in market value.

As it continues to rally and push further, major investment firms are continuing to scale their Bitcoin Acquisition strategy.

Michael Saylor’s MicroStrategy, now rebranded as Michael Saylor, has been accumulating Bitcoin since 2020. As of April 2024, the company holds 214,400 Bitcoins. It has now become the world’s largest corporate holders of Bitcoin, its primary treasury reserve asset.

In a move attempting to create its alternative,US Commerce Secretary Howard Lutnick’s son has also jumped into it. His son, Brandon Lutnick, has partnered with Tether, Bitfinex and SoftBank to form a MicroStrategy rival – 21 Capital.

Lutnick’s New Crypto Venture with SoftBank and Tether

The influential wall street figure, Brandon Lutnick, currently serves as the Chairman of Cantor Fitzgeral, LP. As per the Financial Times report, Lutnick’s new SPAC venture, 21 Capital, will be sponsored by Cantor only.

Cantor, the investment banking firm, has created a black check company, Cantor Equity Partners, to drive the operations of this new crypto venture.

It had reportedly raised $200 million in January and plans to recieve $3 bn in Bitcoin from its partners. The trio consortium of its partner includes Tether and Bitfinex, SoftBank. Each will contribute:

1. 1.5 bn of BTC – Tether
2. ⁠$900 mn of BTC – SoftBank
3. $600mn of BTC – Bitfinex

On Tuesday, Bitcoin Price surpassed $91,000 – for the first time since March 2. Going by its current price, number of Bitcoins 21 Capital will see in contributions will be roughly around;

1. Tether: $1.5 billion / $91,000 – 16,484 BTC

2. SoftBank: $900 million / $91,000 – 9,890 BTC

3. Bitfinex: $600 million / $91,000 – 6,593 BTC

MicoStrategy Rival: BTC Price
BTC Price Today | Source: Coingecko

Once merged, 21 Capital will convert its bitcoin holdings into publicly traded shares priced at $10 each. In the share-issuance calculation, it will value Bitcoin at $85,000 per coin for public investors.

According to 21 Capital, this will lower the barrier to large-scale bitcoin exposure without direct crypto custody unlike MicoStrategy. Its share-pricing formula does highlights the vehicle’s bullish long-term outlook on bitcoin’s price trajectory.

Can it Become MicroStrategy 2.0

Lutnick’s investment vehicle, 21 Capital, has been dubbed as “MicroStrategy 2.0”. This is because of its aim to replicate MicroStrategy’s treasury-bitcoin accumulation strategy at institutional scale.

MicroStrategy pioneered the corporate-treasury-bitcoin model in 2020. It raised capital via debt and equity to amass over 528,000 bitcoins at an average cost of $66,385 each.

21 Capital seeks to replicate and scale this playbook. It aims to use convertible bonds and private-placement equity alongside its SPAC proceeds. As per the information available, it is expecting to raise $350 million in convertible bonds and a separate $200 million private equity for its BTC purchase. placement

However, this is mirroring MicroStrategy’s own “21/21 Plan”. It targets $42 billion in combined equity and fixed-income raises over three years. On the surface, ‘Strategy’ of both the firms may appear the same, but in the long term, it is the execution that will determine its fate.

21 Capital’s Mammoth Task – Market Volatility

Executing bitcoin acquisition strategy on a large-scale comes with certain financial risks. Despite booming Bitcoin gains, MicoStrategy has reported four consecutive quarterly net losses, including a $1.17 billion loss in fiscal 2024,

Though its bold strategy has earned the firm NASDAQ-100 inclusion, success of such firms is subject to market volatility.

There’s a growing spree in the development of such firms. Recently, Kraken Executives acquired Janover to push their acquisition strategy but for Solana.

Thus, the fortune of 21 Capital will be directly tied to the long-term price trajectory of Bitcoin. If bullish, its boon. But if bearish for long-term, it can doom.

The post MicroStrategy 2.0 : All you Need to Know About New Crypto Venture Firm appeared first on CoinGape.

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How Low Can Pi Network Price Go As Bearish Pressure Mounts?

How Low Can Pi Network Price Go As Bearish Pressure Mounts?

The recent bearish market forces caused Pi Network price to decrease by 30% during the past month. The price of Pi Network dropped below $1 while it tests the $0.9 support level after other altcoins along with Bitcoin showed a slight market recovery. The market trends and uncertain developments combine to worsen the existing value decrease experienced by Pi Network. The question remains as to how low will the PI price go as bear pressure mounts.

After its launch in February, the Pi Network price experienced a rapid increase, yet it is now facing a notable downward movement. The currency attained its highest value point at $2.98 before experiencing a quick market downfall. The mainnet launch failed to meet expectations by driving up the PI price since its launch coincided with a price decline.

On February 20, 2025, the lowest Pi price reached $0.6152 while experiencing an enormous 72.61% decline from its peak value. The market continues to show uncertainty because confidence levels are unstable despite some price recovery.

Why Is Pi Network Price Crashing?

The Pi Network value has dropped significantly because more than 99.3 million Pi currency tokens will soon become available for unlocking. Out of the total $91 million valuation the tokens represent, they will enter daily circulation using a 3 million token release schedule for the next 30-day period.

The market will receive its biggest unlock of 6.8 million tokens when April 3 arrives. The upcoming large unlocks for May and June worry the market due to potential liquidity surges and increased sell-offs.

The price devaluation becomes apparent because Pi Network missed the opportunity to be listed among the leading cryptocurrency exchanges, such as Binance, Coinbase, and Upbit. Although users in South Korea find Pi Network very popular, many exchanges, including major platforms, have barred Pi from their platforms.

Holders continue to display concern about Pi project tokenomics because the Pi Foundation holds a large percentage of the total supply which leads to increased fears and panic selling events.

Will Pi Price Recover Soon?

The price of PI has experienced major fluctuations during recent weeks. The price currently challenges $0.8304 support after losing ground from its initial $1.00 peak. The market value of PI Network currently exists within a consolidation pattern which presents an expected price region from $0.70 to $1.00.

The MACD indicator signals bearish characteristics because both its lines exist under the zero threshold. The current RSI value measures 32 which suggests that BTC approaches a condition where it could become oversold. A market reversal might come into play whenever buying pressure strengthens.

How Low Can Pi Network Price Go As Bearish Pressure Mounts?
Pi Network Price Chart: TradingView

The PI price shows signs of continued resistance at present support areas. The value retaining its $0.70 value could enable a positional shift toward the higher zone of $1.00. A failure at current market support might push the token toward $0.50 in relation to wider market conditions.

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XRP at Risk? Veteran Analyst Peter Brandt Warns of Major Correction for Ripple’s Token

Veteran market analyst Peter Brandt has issued a gloomy year-end forecast for XRP, suggesting the asset may struggle to maintain its momentum despite recent gains.

On April 18, Brandt shared his updated analysis on X (formerly Twitter), projecting two possible scenarios for XRP’s market capitalization by year’s end.

Cautionary Outlook for XRP Despite Recent Surge

The first scenario places XRP’s market cap around $116.67 billion, while the second offers a more bearish outlook of just above $60 billion.

Essentially, both figures imply a decline from XRP’s current valuation of roughly $2.09 per token at a market capitalization of $121 billion.

XRP Year-End Projections.
XRP Year-End Projections. Source: X/Peter Brandt

Brandt’s analysis is based on a technical pattern he previously identified on XRP’s price chart.

According to him, the formation resembles a classic head-and-shoulders setup—a pattern that often signals a trend reversal. If this plays out, XRP could fall as low as $1.07.

He added then that a move below $1.90 would confirm the pattern and likely trigger a steep correction of more than 50%. However, a break above $3 could invalidate the bearish outlook.

“XRP is forming a textbook H&S pattern. So, we are now range bound. Above 3.000 I would not want to be short. Below 1.9 I would not want to own it,” Brandt explained.

This cautious forecast follows a remarkable surge in XRP’s price since late 2024.

Following Donald Trump’s return to the White House, the token rallied over 300%, reaching a high of $3.28 before pulling back to its current level.

This price performance has led many investors to believe that the Trump administration’s friendlier stance toward digital assets could help the asset continue its rally.

One major catalyst was the Securities and Exchange Commission’s (SEC) decision to drop several lawsuits against crypto companies, including Ripple.

That shift reduced regulatory uncertainty and sparked renewed interest in XRP, culminating in the launch of exchange-traded funds (ETFs) focused on the product.

Adding to the momentum, Ripple launched its own stablecoin, RLUSD, aiming to tap into a growing segment of the digital asset market.

Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure intensifies.

Ripple Not Rushing Into IPO Despite Industry Trend

Amid renewed attention on XRP’s performance, Ripple CEO Brad Garlinghouse has addressed growing speculation about the company going public.

In a recent video shared on X, Garlinghouse made it clear that Ripple does not plan to file for an IPO in 2025.

He emphasized that the company is not actively seeking external funding because it remains financially stable and is prioritizing product development and business expansion.

“Will we IPO in 2025? I think that’s a definitive no…We’ve said there’s no imminent plans to go public,” Garlinghouse stated.

While the company isn’t moving forward with an IPO this year, Garlinghouse didn’t completely close the door.

He noted that Ripple is evaluating whether going public would benefit the business in the long run. However, such a move isn’t a current priority.

“You have to ask yourself, okay, how does Ripple benefit from being a public company? And is it a high priority for us?” he said.

Moreover, Garlinghouse also hinted that the regulatory landscape—especially under new leadership at the SEC—could influence Ripple’s future decisions.

His comments come as several crypto firms, including Kraken and Ciecle, reportedly prepare for IPOs. For now, though, Ripple appears comfortable staying private until conditions become more favorable.

The post XRP at Risk? Veteran Analyst Peter Brandt Warns of Major Correction for Ripple’s Token appeared first on BeInCrypto.

Tether To Deploy Existing and Future Hashrate on OCEAN Mining Pool

Tether is deploying its existing and future hashrate on OCEAN, a decentralized Bitcoin mining protocol. It will focus on delivering high-performance operations to undeveloped areas, particularly in Africa.

Tether is showing increased commitment to keeping the Bitcoin ecosystem sustainable. This initiative also builds on the company’s previous investments in Africa.

Tether and OCEAN Team Up

Tether, the world’s leading stablecoin issuer, has been diversifying its interests lately. It’s preparing to make major internal changes, investing in a few different sectors, and considering a major stablecoin launch.

Today, Tether is working to advance decentralized mining infrastructure by deploying both its existing and future hashrate on OCEAN.

“As a company committed to financial freedom and open access, we see supporting decentralization in Bitcoin mining as essential to the network’s long-term integrity. Deploying hashrate to OCEAN aligns with both our mining investments and our broader mission to fortify Bitcoin against centralizing forces,” said Paolo Ardoino, CEO of Tether.

OCEAN is a decentralized Bitcoin mining pool, and despite the naming similarities, it’s not related to the popular AI token. It was founded by Bitcoin Core developer Luke Dashjr in response to centralization fears in BTC mining.

Tether’s hashrate will be able to help OCEAN in a few key ways. Critically, it highlights Tether’s commitment to the long-term viability of Bitcoin, as it is a major holder.

The company will deploy this hashrate through OCEAN’s DATUM Gateway service, which helps miners create high-performance operations in low-bandwidth areas.

Most notably, Tether will prioritize rolling out these services in rural and underdeveloped regions, particularly in Africa. This reflects Tether’s growing business commitments in the continent.

Tether obviously has self-interested reasons to deploy its hashrate on OCEAN, as it benefits from potential stablecoin users in new regions.

Moreover, the firm cast Bitcoin’s independence as a key motivator in itself. Tether is a major component of the global crypto economy, and it recognizes the importance of BTC beyond its desire to custody the asset.

In short, this operation gives a few insights into Tether’s plans for the future. By deploying hashrate on OCEAN, Tether is working to strengthen Bitcoin’s network and put more of the world on the blockchain.

Eventually, both of these aims can directly benefit the company.

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