1. Bitcoin Market
Bitcoin Price Movement from July 5 to July 11, 2025
July 5:Bitcoin continued the weak trend from the previous trading day. In the morning session, it quickly dropped to a low of $107,412, briefly rebounded to $107,894, then fell again to test previous low support. It initially found support around $107,412, stabilized, and slightly rebounded, reaching a high of $108,248. Afterwards, the price fluctuated narrowly around $108,100, indicating cautious observation by both bulls and bears, with weak momentum.
July 6:The market continued to consolidate as on the previous day. The price oscillated slightly around $108,100, with volatility further narrowing. In the evening, bulls attempted a breakout, pushing the price from $108,034 up to the daily high of $109,038. It then pulled back slightly to consolidate near $108,800.
July 7:The day showed increased volatility and multiple sentiment reversals, characterized by wide fluctuations. Early session saw Bitcoin drop from $108,966 to $108,395 before rebounding sharply to a high of $109,470. Subsequently, prices fluctuated violently: first dipping to $108,735, then surging again to $109,627. However, upward momentum faded, shifting to a downward trend with a low of $108,011. It closed at $108,314, with intraday volatility exceeding 1.5%.
July 8:Overall, the price showed oscillating upward movement amid fierce bull-bear competition. After opening, it briefly dipped to $107,681, then bulls gradually gained strength, pushing the price to $108,372. Selling pressure emerged soon after, dropping the price back to $107,586. In the afternoon, confidence returned, and the price steadily climbed, reaching $109,067. After a brief peak, it retreated to $108,186. The day followed a pattern of “dip—rebound—peak—pullback.”
July 9:Bullish sentiment intensified significantly. The price launched a strong morning rally, breaking the previous day’s high to quickly reach $109,137. After a short pullback and support, it surged again to around $109,128, showing strong upward momentum. However, profit-taking at highs caused the price to fall to $108,389. Buyers actively stepped in to halt the decline and pushed the price to break the morning high, peaking at $109,737 — a new stage high. A technical correction followed, dipping to $108,598, but quickly recovered to close at $109,091 near the daily high, showing bulls dominating.
July 10:The upward momentum from the previous day continued, with a steady rise to $109,566. Then a sharp rally pushed the price to $111,907, breaking a historic high near $112,000 per Bitcoin, marking an intraday gain close to 3%. The price then slightly corrected to $110,756 and traded sideways around $111,150. In the evening, it dipped mildly to $110,761 before quickly rallying to close at $111,450.
July 11:Bitcoin extended its strong upward trend from the previous day. In the morning, it directly broke previous highs, quickly surging to $113,820, again refreshing the all-time high. A brief technical pullback occurred, with support near $113,637, followed by a renewed rally, reaching $116,526. At the time of writing, Bitcoin has further climbed to $118,050, showing continued capital inflow and strong trend momentum. Bitcoin is currently in an accelerated rally phase and remains bullish in the short term. Attention should be paid to potential volume stagnation or pullback signals to assess the sustainability of the rise.
Summary
From July 5 to July 9, BTC traded in a range-bound manner between $107,500 and $110,000. Market sentiment gradually accumulated with bulls and bears locked in battle at high levels, and stable turnover of positions. Starting July 10, Bitcoin initiated the first wave of volume-driven upward attack, breaking previous highs to reach $111,907, approaching the $120,000 threshold, forming a valid technical breakout. On July 11, the bullish momentum continued with successive and accelerating gains, breaking through major psychological levels of $114,000 and $116,000, forming a classic stair-step upward structure with strong bullish sentiment. At writing, Bitcoin trades near $118,000 with a significant weekly gain, entering a strong trend phase. Overall, this rise features clear structure, good volume coordination, and strong capital support. The short-term trend remains bullish, though increased volatility at highs and potential overbought pressure should be monitored.
Bitcoin Price Movement (2025/07/05–2025/07/11)
2. Market Dynamics and Macro Background
Capital Flows
1.Long-term Bitcoin Holdings Remain Stable
According to Cointelegraph, more than 30.4% of Bitcoin has remained dormant (unmoved and untraded) in addresses for ≥ 5 years, indicating strong conviction among long-term holders.
2.Bitcoin Market Dominance Hits New High
On July 6, BTC dominance (BTC.D) rose to 64.7%, nearing previous cycle highs, reflecting market preference for Bitcoin assets.
3.Global Liquidity / Bitcoin Supply Ratio Hits 12-Year High
Ark Invest reported on July 9 that the ratio of global M2 broad money supply to circulating Bitcoin reached $5.7 million per BTC, the highest since 2013. With Bitcoin’s supply growth slowing and global money continuing to expand, this ratio is expected to increase further, reinforcing Bitcoin’s scarcity narrative.
4.Derivatives and Institutional Activity
Leverage funds in the futures market have started to flow back, with open interest (OI) on multiple platforms seeing significant rises: CME up +18%, Binance up +12%. As of July 11, Coinglass data showed total Bitcoin futures open interest reaching 701,330 BTC (approximately $81.47 billion), setting a new all-time high. Among these, CME holds 154,220 BTC (about $17.91 billion), ranking first globally; Binance holds 116,840 BTC (about $13.57 billion), ranking second.
On the options market, call option demand has surged, with positions targeting BTC at $160,000 and $180,000 becoming mainstream. Meanwhile, long-short CVD data indicates that although overall market sentiment remains optimistic, some institutions have started defensive hedging, suggesting short-term market volatility may intensify and potential risks should be monitored.
5.Spot Bitcoin ETFs
Daily ETF inflows/outflows this week:
July 7: +$216.5 million
July 8: +$75.3 million
July 9: +$215.7 million
July 10: +$1.1756 billion
According to Farside Investors monitoring data, since the official approval of spot Bitcoin ETFs in January 2024, total net inflows have exceeded $50 billion.
ETF Inflow/Outflow Data Image
BlackRock IBIT Becomes Market Anchor
BlackRock’s IBIT ETF holdings have surpassed 700,000 BTC, with a current market value of $75.5 billion, making it the world’s largest spot BTC ETF and accounting for over 55% of all U.S. spot ETF holdings. Since its establishment in early 2024, IBIT has delivered a return of 82.67%, with a net inflow of $165 million this week.
According to Galaxy Research, IBIT and institutions like MicroStrategy have cumulatively purchased $28.2 billion worth of BTC, far exceeding the on-chain new supply of $7.85 billion during the same period, showing continuous institutional “coin grabbing” that drives the market.
ETF + Institutional Demand vs. On-Chain Supply Contradiction Intensifies
ETF total holdings account for 6.3% of circulating Bitcoin (>1.33 million BTC), while exchange hot wallet balances have dropped to their lowest since 2018 (<14.5%).
Institutional purchases outpace mining output, draining liquidity directly on-chain and accelerating the “supply exhaustion” trend, which supports long-term price fundamentals.
Regulatory Attitude Softens, ETF Development Enters New Phase
The U.S. SEC is studying a streamlined ETF approval process, proposing a unified S-1 application and a 75-day default approval mechanism, which is expected to improve product approval efficiency.
Earlier this month, REX-Osprey launched the first Solana ETF supporting staking rewards, marking ETF market expansion toward multi-chain assets.
Structural ETF buying combined with regulatory easing signals is reshaping the market’s fundamental structure. Continuous attention should be paid to policy rhythm and ETF net liquidity changes to mitigate short-term pullback risks.
Technical Indicator Analysis
1.Relative Strength Index (RSI 14)
According to Investing.com data, as of July 11, 2025, Bitcoin’s 14-day Relative Strength Index (RSI) stands at 82.721, well above the overbought threshold of 70, positioned in the strong overbought zone (80–90). This value indicates extremely optimistic market sentiment, with bullish momentum dominating. Short-term capital is pouring in heavily, driving rapid price increases.
However, a high RSI also suggests a risk of short-term technical corrections. Caution is needed regarding price fluctuations caused by high-level consolidation or profit-taking. Historical data shows that RSI values above 80 typically last for a short duration, and investors should watch for divergence signals to identify potential trend reversals.
2.Moving Average (MA) Analysis
5-day moving average (MA5): $111,828.73
20-day moving average (MA20): $107,925.00
50-day moving average (MA50): $106,097.48
100-day moving average (MA100): $96,283.26
200-day moving average (MA200): $93,182.04
Current market price: $118,050.57
MA5, MA20, MA50, MA100, MA200 Data Image
From these moving averages, Bitcoin’s price is clearly above all major MA levels, displaying a classic bullish alignment (Golden Cross). This reflects a continued strong market trend in the mid-to-short term, with buying pressure remaining dominant.
The stepwise rise of MA5, MA20, and MA50 indicates strong short-term gains; the sustained upward movement of MA100 and MA200 confirms a fully bullish mid-to-long-term trend. The current price is over $10,000 above MA20, showing accelerated upward momentum, but caution is warranted for potential pullbacks due to the price being too far from the averages.
Investors should monitor whether there is a short-term retracement to test MA5 or MA20 to confirm the sustainability of the uptrend.
3.Moving Average Convergence Divergence (MACD) Analysis
According to Investing.com data as of July 11, the MACD fast line is at 1718.34. Market performance and RSI indicate strong bullish momentum, with MACD in a bullish alignment. MACD currently issues a strong “Buy” signal, with a clearly bullish technical trend. However, MACD is also at a high level; if momentum slows or a bearish divergence appears, short-term volatility or correction risk should be watched.
4.Key Support and Resistance Levels
Support Levels:Current short-term key supports are at $116,000, $113,500, and $111,000. On July 10, BTC price consolidated around $111,000, showing strong buying support. If further correction occurs, the $108,000–$110,000 range forms a second important support zone. Specifically, during the sideways trading phase from July 5 to 6, $108,000 acted as solid support; during multiple retracements from July 7 to 9, the $108,000 to $109,000 range consistently held the downward moves.
Resistance Levels:The main short-term resistances lie at $119,000 and $120,000 (round-number psychological barriers). Currently trading near $118,000, if bulls successfully break above $120,000 with strong volume, further upside space will open, potentially triggering a new price discovery phase. Otherwise, repeated rejection may cause a pullback toward the $116,000 support line.
Summary:Bitcoin recently broke through its historical highs, reaching near $118,000, indicating the start of a new upward trend. In the short term, focus should be on price stability around $118,000 and the ability to break through resistance at $119,000 and $120,000. A successful breakout will likely lead to further gains and a new price discovery stage; conversely, continued resistance could trigger a fallback to the lower support zones for technical consolidation.
Market Sentiment Analysis
1.Sentiment Overview
During this week (July 5 – July 11), Bitcoin market sentiment showed significant fluctuations, evolving overall from cautious observation, through consolidation, to a warming of sentiment. From July 5 to 6, Bitcoin price remained in a narrow range, consolidating sideways. Market trading sentiment leaned towards caution, with most investors adopting a wait-and-see attitude, lacking clear directional judgment.
From July 7 to 9, the market entered a wide-ranging volatile phase. Bitcoin price experienced sharp fluctuations around key technical levels, and sentiment fluctuated intensely, showing signs of short-term speculative enthusiasm rising.
Entering July 10 to 11, market sentiment underwent a fundamental shift. Bitcoin price broke through previous historical highs consecutively, reaching as high as the $118,000 area, refreshing the stage high and forming a typical breakout with increased volume pattern. This upward movement was accompanied by synchronized volume expansion, and market FOMO (Fear of Missing Out) sentiment quickly spread. Investor confidence significantly strengthened, capital accelerated inflows, bullish atmosphere thickened, and the market officially entered a new trend-based upward phase.
Overall, Bitcoin market sentiment this week progressed in an orderly manner from “cautious observation → volatile testing → optimistic breakout,” especially after July 10, when bulls firmly dominated the market. The sentiment has positively fed back into the price action and is expected—supported by technical structure and capital momentum—to drive the price into a higher price discovery range.
2.Key Sentiment Indicator (Fear & Greed Index)
As of July 11, the Fear & Greed Index stood at 67, placing it in the “Greed” zone. This reflects a significant warming of market sentiment, with investors showing strong willingness to chase gains and high market participation enthusiasm.
Reviewing the week (July 5 – July 10), the daily index values were: 51 (Neutral), 50 (Neutral), 52 (Neutral), 50 (Neutral), 52 (Neutral), and 58 (Upper Neutral). The trend shows the index lingered in the “Neutral” to “Neutral to Slightly Optimistic” range (50–58) for the first six days, indicating relatively rational sentiment with most investors maintaining a wait-and-see stance, lacking decisive emotional drivers.
However, on July 11, with Bitcoin’s strong breakout above previous highs and a new stage peak, the Fear & Greed Index surged to 67, signaling clear entry into the “Greed” phase. Capital inflows accelerated and FOMO sentiment gradually emerged. This sudden shift indicates market sentiment is rapidly moving from “observation” to “active participation,” with the short-term bullish atmosphere significantly strengthened.
Fear & Greed Index Data Image
Macroeconomic Background
Federal Reserve Policy Expectation Shift
The minutes of the June FOMC meeting released on July 10 show that although most officials believe in “being patient,” some officials (such as Waller and Bowman) have clearly expressed support for an early rate cut.
After the market reevaluated the Fed’s monetary policy direction, expectations for a September rate cut rose significantly, helping Bitcoin, as a risk asset, strengthen.
Federal funds futures indicate: the market’s probability of a September rate cut has risen to about 70%, an increase of over 20% compared to last week.
Large-Scale Tariffs Imposed by the U.S. on Japan, South Korea, and Other Countries
On July 7, U.S. President Trump announced a 25% tariff on Japan, South Korea, and other countries, and threatened to impose tariffs on countries supporting BRICS. Deutsche Bank warned that “summer low liquidity + tariffs + inflation illusions + Fed expectation imbalance” could trigger market turmoil.
Geopolitical Risks and Middle East Situation
This week, the Middle East situation remained tense, with geopolitical risks escalating. Trump visited Saudi Arabia and Israel, attempting to promote an anti-Iran alliance, while issuing a strong warning to Iran, stating that “if conflict breaks out, the U.S. may intervene.” Iran strongly retaliated, intensifying regional struggles. In the short term, the Middle East situation remains a significant external variable for market volatility.
Continued ETF Inflows and Corporate Bitcoin Buying Driving Capital Return
Meanwhile, institutional investors and corporations continue to increase their positions, providing strong buying support for Bitcoin. Spot Bitcoin ETFs represented by BlackRock and Fidelity saw net inflows climb again in early July, with cumulative inflows approaching $150 billion, becoming an important driver of Bitcoin’s recent rise.
Additionally, companies such as MicroStrategy, Trump Media, and GameStop have recently increased their Bitcoin holdings, indicating the ongoing strengthening of the “corporate reserve asset” trend. These large capital inflows offset liquidity shocks caused by token unlocks and enhanced the market’s stable expectations for major cryptocurrencies.
3. Hashrate Changes
During the period from July 5 to July 11, 2025, the Bitcoin network hashrate exhibited fluctuations, detailed as follows:
On July 5, the total network hashrate showed a rise followed by a decline, gradually climbing from 948.24 EH/s to an intraday high of 1.0418 ZH/s, then oscillating down to 867.11 EH/s, and slightly rising to 909.57 EH/s by the end of the day. On July 6, the hashrate dropped to 821.82 EH/s in the early morning, then rebounded strongly, reaching 995.30 EH/s at one point. The trend weakened afterward, experiencing two downward adjustments throughout the day, closing at 902.59 EH/s.
On July 7, the hashrate continued its downward trend with multiple intraday spikes and falls, fluctuating between 961.41 EH/s, 886.68 EH/s, and 944.21 EH/s, before further declining to 842.87 EH/s by day’s end, indicating some instability in power supply or hashrate deployment.
On July 8, the hashrate remained volatile, briefly rebounding to 895.43 EH/s, then retreating to a low of 792.20 EH/s, finally closing at 817.77 EH/s, continuing the previous downtrend. On July 9, the hashrate weakened further, dipping to the week’s lowest point of 782.96 EH/s in the morning, followed by a strong rebound to an intraday high of 993.68 EH/s, reflecting short-term release caused by mass temporary restarts or redeployment of mining power. It then retreated to 917.05 EH/s by day’s close.
On July 10, the hashrate trended upwards with fluctuations, climbing steadily from 867.02 EH/s to 1.0095 ZH/s. On July 11, the hashrate continued to rise, peaking at 1.0214 ZH/s before falling back slightly, hovering around 921 EH/s at the time of writing.
The weekly hashrate trend can be divided into three main stages:
July 5–6:Hashrate surged to 1.0418 ZH/s before rapidly falling back, indicating some miners temporarily went offline or reallocated their mining power.
July 6–8:The total network hashrate steadily declined from a peak of 995.30 EH/s to 792.20 EH/s, suggesting potential impacts from network load pressure or power supply fluctuations in some regions.
July 9–10:Hashrate bottomed out and quickly rebounded, indicating some mining farms resumed operations, with network hashrate recovering to a high level and showing an overall oscillating upward trend.
Overall, the Bitcoin network hashrate during this period showed significant volatility. It may continue to fluctuate in the short term, warranting close attention to the operational status of major mining farms in North America and Asia, as well as changes in energy costs and their further impact on network hashrate.
Bitcoin Network Hashrate Data
4. Mining Revenue
According to data from YCharts, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) for this week is as follows:July 5: $53.45 million;July 6: $54.69 million;July 7: $52.45 million;July 8: $49.38 million;July 9: $56.61 million;July 10: $60.48 million.Overall, miners’ daily revenue this week remained relatively stable within the range of approximately $49 million to $60 million, showing a slight upward trend. Compared with the same period last month, the overall income level has slightly improved, mainly benefiting from the recent breakthrough in Bitcoin price and the recovery in on-chain transaction activity, which in turn boosted transaction fee revenue. The peak of $60.48 million on July 10 was driven by the combined effect of Bitcoin price increase and expanded transaction volume on that day.
From the perspective of daily revenue per unit of computing power (Hashprice), data from Hashrate Index indicates that Hashprice fluctuated upward this week, with a significant surge toward the end. As of writing on July 11, Hashprice stood at $63.97/PH/s/day, close to a historical high. Specifically:From July 5 to 6, Hashprice remained around $58.45/PH/s/day, with limited overall fluctuation;On July 7, it rose slightly to $59.29/PH/s/day, followed by a brief correction;On July 9, it increased again to $59.38/PH/s/day;On July 10, Hashprice saw a notable surge, reaching $63.97/PH/s/day on July 11, marking a new high in nearly three months.
Combining this week’s mining revenue and Hashprice performance, miners’ overall profitability is robust, with a short-term upward trend. If Bitcoin price remains strong and on-chain transaction activity stays at the current level, Hashprice is expected to fluctuate in the range of $63 to $65/PH/s/day, providing ample profit space for miners.
A point of special attention is that with the upcoming network difficulty adjustment window, if hashrate continues to grow rapidly or Bitcoin price adjusts downward, Hashprice may face some downward pressure. Miners should closely monitor Bitcoin market trends and network difficulty changes, flexibly adjust hashrate deployment and power resource allocation, optimize mining efficiency, and improve risk resilience. Additionally, the increasing proportion of on-chain fees indicates a warming market demand for transactions. If this is accompanied by more innovative applications and the implementation of layer-2 scaling solutions, transaction activity is expected to further increase, becoming a new important support point for miners’ revenue.
Hashprice Data
5. Energy Costs and Mining Efficiency
According to data from CloverPool, as of July 11, 2025, Bitcoin’s total network hashrate has reached 915.91 EH/s, setting a new annual high. The current total mining difficulty stands at 116.96 T, with the next difficulty adjustment expected on July 12, projected to increase by 7.33% to 125.54 T. This reflects a continuous rise in overall network hashrate, with miners actively deploying more efficient mining machines, indicating an optimistic market outlook for Bitcoin’s medium- to long-term price trend. Historically, rapid increases in mining difficulty usually signify intensified competition among miners, especially during periods when the price is fluctuating at a high level, with mining enterprises ramping up efforts to boost marginal output. This trend also highlights the competitive advantages of large mining firms in terms of economies of scale and energy management.
From the perspective of mining costs, according to the latest MacroMicro model estimates, as of July 9, 2025, Bitcoin’s unit production cost is approximately $86,692.84, while the spot price at the same time was $111,326.55, resulting in a difference of $24,633.71. The corresponding Mining Cost-to-Price Ratio is 0.78. This ratio lies at the lower bound of the historical reasonable range, indicating that the majority of miners in the current market remain profitably stable with considerable profit margins. Particularly, mid- to large-scale mining enterprises equipped with advanced mining machines and access to low electricity costs may have actual unit costs below $70,000, demonstrating even stronger profitability. Conversely, smaller miners relying on traditional machines or facing higher electricity prices, although currently still profitable, have weaker resilience; if prices decline or difficulty continues to rise, they are likely to be the first to face squeeze-out risks.
Additionally, the 0.78 Mining Cost-to-Price Ratio carries important market implications: when this value approaches or exceeds 1, it generally signals increasing market pressure, forcing some miners to shut down, reducing hashrate and thus forming a price floor support; the current level below 0.8 suggests there remains some downward buffer for Bitcoin prices, miner sentiment is relatively optimistic, and network security remains strong.
In summary, the mining cost structure currently provides favorable support for miners and also offers a solid downside foundation for Bitcoin’s spot price.
Bitcoin Mining Difficulty Data
6. Policy and Regulatory News
U.S. Senators Propose Sanctions Against El Salvador President Bukele, Accusing Him of Bitcoin Abuse and Human Rights Violations
On July 10, Democratic U.S. Senators introduced the "El Salvador Accountability Act" (S.2058), calling for sanctions against El Salvador’s President Nayib Bukele and members of his government. The bill, proposed by Senators Chris Van Hollen, Tim Kaine, and Alex Padilla, accuses the Salvadoran government of violating international human rights standards and abusing Bitcoin. The legislation demands the Trump administration freeze the assets of relevant individuals in the U.S., deny visas, and suspend financial aid. Additionally, the U.S. Secretary of State is required to submit a detailed report within 90 days after the bill’s passage on El Salvador’s cryptocurrency usage, including the amount of public funds used to purchase Bitcoin, exchanges employed, related wallet addresses, and other relevant information.
In response, President Bukele addressed the sanctions attempt on social media, implying that the motives of the U.S. senators were not genuine. It is worth noting that Bukele previously maintained a good relationship with former President Trump, having been invited to the White House in April this year, and two months later, Trump’s advisors met with him to discuss cryptocurrency cooperation.
Related Images
7. Mining News
Vitalik: The Environmental Cost of Avoiding Geographic Overconcentration in Crypto Is Acceptable and Preferable to the Negative Impact of Mining
On July 6, Ethereum co-founder Vitalik Buterin responded to a user’s comment on collective carbon footprint. The user pointed out that “industry people might frequently fly globally to attend multiple events, but this behavior is not the actual goal of solving problems; rather, it’s for business or spending time with friends.” Vitalik replied, “To avoid the overconcentration of cryptocurrency in a single geographic region, the environmental cost is acceptable, and this trade-off outweighs the negative impact of mining.”
Russia Begins Establishing a National Cryptocurrency Mining Equipment Registration System to Combat Illegal Mining and Increase Tax Revenue
On July 7, according to Cryptonews, Russia’s Ministry of Energy has started compiling a nationwide registration system for cryptocurrency mining equipment, aimed at combating illegal mining activities and increasing tax revenue.
The registration system will serve as a centralized national database for all equipment used in cryptocurrency mining, jointly developed by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development. Deputy Minister of Energy Petr Konyushenko stated that the system will help authorities “accurately identify” who is using electricity for cryptocurrency mining, ensuring miners comply with relevant laws and increasing tax revenue.
Related Images
Eric Trump, Donald Trump’s Second Son: Trump Does Not Own Any Bitcoin Mining Company
On July 10, Eric Trump posted on social media stating that U.S. President Donald Trump does not own any bitcoin mining company.
8. Bitcoin News
Global Corporate Bitcoin Holdings Update (This Week’s Statistics)
1.Strategy (formerly MicroStrategy, USA)
Increased holdings by 4,980 BTC from June 23 to 29, bringing total holdings to 597,325 BTC.
2.BlackRock (USA)
As of July 8, BlackRock’s IBIT fund currently holds 700,307 BTC, valued at approximately $75.5 billion.
3.El Salvador (Country)
Increased holdings by 8 BTC in the past 7 days, raising total holdings to 6,230.18 BTC.
4.Smarter Web Company (UK)
Increased holdings by 226.42 BTC on July 7, bringing total holdings to 1,000 BTC.
5.The Blockchain Group (Europe)
Increased holdings by 116 BTC on July 7, bringing total holdings to 1,904 BTC.
6.Monochrome (Australia)
As of July 4, its spot Bitcoin ETF holdings rose to 937 BTC.
7.Coinsilium Group (UK)
Increased holdings by 14.9 BTC on July 7, with total holdings now at 88.63 BTC.
Publicly Listed Companies’ Bitcoin Treasury Updates (This Week)
Murano (Nasdaq-Listed Real Estate Company)
On July 8, Murano announced signing a $500 million equity agreement to establish a Bitcoin reserve and purchase 21 BTC; plans to use BTC for hotel payments and membership rewards under its portfolio, joining the “Bitcoin for Corporations” alliance.
Nakiki SE (German Listed Company)
On July 8, Nakiki SE announced plans to become Germany’s first publicly listed company to fully adopt a “pure Bitcoin” treasury strategy, intending to propose a name change and strategic adjustment at the 2025 shareholders’ meeting and is currently discussing with investors to raise capital via share issuance for BTC acquisition.
Metaplanet (Japanese Listed Company)
On July 8, Metaplanet launched the second phase of its Bitcoin strategy, planning to use BTC as collateral for financing and considering acquiring a domestic Japanese digital bank to expand digital financial services.
Sequans Communications (NYSE-Listed Company)
On July 8, Sequans completed $384 million financing, all designated to initiate its Bitcoin treasury plan, including $195 million PIPE financing and $189 million convertible bond issuance.
Remixpoint (Japanese Listed Company)
On July 9, Remixpoint announced financing of 31.5 billion JPY (approx. $215 million), planning to fully use the funds to increase Bitcoin holdings from the current 1,051 BTC to 3,000 BTC. The company had previously announced CEO compensation to be paid entirely in Bitcoin.
DDC Enterprise (NYSE-Listed Company)
On July 10, DDC Enterprise signed a non-binding memorandum of understanding with Animoca Brands to collaborate on advancing Bitcoin yield enhancement strategies. Animoca Brands will provide up to $100 million in BTC, with DDC responsible for operations and risk management.
K Wave Media (Nasdaq-Listed Company)
On July 10, K Wave Media announced securing $1 billion in financing to support its Bitcoin strategy, including a $500 million convertible bond agreement and a $500 million standby equity agreement. The company has purchased the first batch of 88 BTC and plans to allocate at least 80% of the financing proceeds for BTC acquisition, aiming to expand its holdings to 10,000 Bitcoins.
Author of Rich Dad Poor Dad : “Losers warn of Bitcoin crash to scare away speculators, I’ll just buy more”
On July 5,Rich Dad Poor Dadauthor Robert Kiyosaki tweeted, “Losers use ‘clickbait’ headlines to constantly warn of a Bitcoin crash, hoping to scare away speculators. I actually want Bitcoin to crash because I will just buy more.”
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Elon Musk: “The American Party” Will Embrace Bitcoin
On July 7, when an X user asked if the American Party would embrace Bitcoin, Elon Musk replied, “Fiat money is hopeless, so yes.”
BlackRock IBIT Holdings Surpass 700,000 Bitcoins
On July 8, following a net capital inflow of $164.6 million on Monday, BlackRock’s IBIT fund currently holds 700,307 Bitcoins, valued at approximately $75.5 billion. This data comes from Apollo co-founder Thomas Fahrer.
According to BlackRock’s official iShares website, as of last Thursday, IBIT held 698,919 Bitcoins, meaning the fund added 1,388 Bitcoins within two trading days. Bitbo data shows that IBIT accounts for more than 55% of the total holdings of all U.S. Bitcoin spot ETFs.
Since its inception in January 2024, the fund has achieved a total return rate of 82.67%. At this Bitcoin holding milestone, reports indicate that BlackRock’s revenue from IBIT has already exceeded that of its flagship product—the iShares Core S&P 500 ETF.
Bitwise: Public Companies’ Bitcoin Holdings Surpass 847,000 BTC, Q2 Purchases Hit Record High
On July 10, Bitwise released its2025 Q2 Corporate Bitcoin Adoption Reportshowing that as of June 30, 125 publicly listed companies worldwide held a total of 847,000 Bitcoins, representing 4.03% of total Bitcoin supply with a market value of about $91 billion—a 60.93% quarter-over-quarter increase. The quarter saw 159,000 new Bitcoins purchased, the highest ever, and 46 new companies added Bitcoin to their holdings. Among top holders, Strategy leads with 597,000 BTC, followed by MARA Holdings (49,940 BTC) and newcomer Twenty One (37,230 BTC). The report also noted GameStop’s first Bitcoin purchase and Trump Media’s ongoing $2.5 billion fundraising for Bitcoin accumulation.
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Rising Institutional Demand Drives Bitcoin to New Highs
On July 11, Tickmill Group analyst Patrick Munnelly stated in a report that driven by institutional investor interest and support measures from President Trump, Bitcoin reached historic highs. He said, “The recent surge in Bitcoin’s value is propelled by continuous institutional buying, which has absorbed much of the available supply, leading to declining liquidity on trading platforms.” Additionally, President Trump ordered the establishment of a Bitcoin strategic reserve, and the U.S. Senate passed a bill last month providing a regulatory framework for stablecoins.
