Bitcoin crashed to its lowest level in over 21 months, touching a cycle low of $58k for the first time since September 2024.
Despite the heavy volatility, BTC still closed the daily candle above the key $59k support.
It needs to reclaim $63,200 to invalidate this bearish breakout.
JUST IN: $14 trillion BlackRock now recommends a 1-2% portfolio allocation to Bitcoin ๐
"A modest allocation could potentially have an impact on portfolio returns without dominating day-to-day risk" ๐
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
๐ค FRIDAY DEVELOPMENT UPDATE
Another productive week across the Nakamoto Games ecosystem.
A lot of the most important work happens behind the scenes.
โ๏ธ Infrastructure upgrades
๐ค AI development progress
๐ฑ Mobile optimizations
๐ Platform improvements
๐จ UX & onboarding enhancements
๐ง Backend integrations and automation
While not every update is visible immediately, each improvement strengthens the foundation for future products, releases, and player experiences.
The ecosystem continues to expand, new features continue to ship, and exciting developments are moving closer to launch.
More to come. Stay tuned, #NAKAFAM. ๐ฅ