Bitcoin Long-Term Holders Blink: SOPR Turns Negative as $60K Defense Meets $54K Risk

On-chain data shows Bitcoin’s long-term holders realizing losses as SOPR slips below 1. $60K sees strong defense, but $54K looms if $65K support gives way amid mixed macro signals.

Steak ’n Shake’s Bitcoin Treasury Flywheel: Sales Jump, 161 BTC Stack, and Crypto-Paid Bonuses

Nine months after adding Bitcoin, Steak ’n Shake reports a “dramatic” same-store sales lift, builds a 161 BTC reserve, adds $10M exposure, and pays staff $0.27/hr in BTC with 2-year vesting.

The Daily: Kevin O’Leary wins $2.8M defamation judgment against Ben ‘BitBoy’ Armstrong, Harvard trims bitcoin ETF holdings, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ]]>

Harvard Endowment Rotates: Bitcoin ETF Trim, New Ethereum Stake in Q4 Filing

Harvard cut its iShares Bitcoin Trust stake by 1.46M shares and opened an $86.8M iShares Ethereum Trust position, signaling a shift toward diversified crypto exposure.

Bitcoin Leaves Its Retail Whipsaw Phase as Institutions Set the Pace, Says WisdomTree

WisdomTree says Bitcoin is shifting from retail-driven cycles to institution-led portfolio discipline as regulation channels flows, volatility eases, and diversification needs change.

Metaplanet Books $605M Loss on $3.8B Bitcoin Bet, Shifts to Preferred Shares and Options Income

Metaplanet reports a ¥95B ($605M) loss after Bitcoin’s pullback, leans on preferred shares MERCURY/MARS and surging options premiums as it navigates a $107K BTC cost basis.

Bitcoin Poised for Five Straight Red Months as Drawdown Tracks 2018 Bear-Market Depths

BTC sits at $67,621, down 52.44% from October’s peak and on pace for five consecutive red months. Technicals, liquidations, and prediction markets lean risk-off.

Harvard pares Bitcoin ETF exposure by 21% in Q4, initiates $86.8M Ether ETF stake

Harvard reduced Bitcoin ETF holdings by 21% in Q4 and opened an $86.8M position in Ether ETFs—an institutional shift toward multi-asset crypto exposure and risk-balanced allocation.

Bitcoin steadies near $69K as ETF outflows and crowded shorts coil volatility despite whale buying

Bitcoin hovers around $69,000 while ETF outflows drain liquidity and shorts crowd in. With whales accumulating and the market seeking a catalyst, volatility risk looks elevated.

Metaplanet’s $619M FY2025 Valuation Loss Highlights Bitcoin Volatility as Holdings Hit 35,102 BTC

Metaplanet reported a $619M FY2025 net loss tied to bitcoin valuation swings while boosting holdings to 35,102 BTC and growing revenue. Here’s why the optics diverge from strategy.