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Feeding Frenzy: Bullish Corporate Balance Sheets Wolf Bitcoin Up in March

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In March, corporate treasuries from Virginia to Texas, California, and Japan added Bitcoin to their books as a financial strategy. This is beginning to become a trend with factorable implications for Bitcoin’s price.

Bitcoin ETFs on Wall Street flipped back to a streak of decisively positive inflows in March. These are custodial services of on-chain BTC for regulated investors.

But meanwhile, it’s not just publicly traded, SEC-regulated financial conglomerates competing with the US government and states for Bitcoin this year to sell it to their clients.

Several publicly traded non-financial corporations are now adding BTC to their corporate treasuries as a long-term financial strategy to improve their account balance by unburdening it of dollar buying power that boils off unless the team immediately adds it to a profitable expense line.

The following four examples could be the first drops in a brewing storm of corporate competition for Bitcoin, which might find that today’s price levels significantly undervalue the scarce supply of this novel Internet currency secured by commercially available military-grade public key encryption.

1. Michael Saylor’s Strategy Buys 6,911 More Bitcoin

The Virginia-based Bitcoin holding and financial company Strategy bought 6,911 BTC for $584 million from Mar. 17 – Mar. 23. That brings Strategy’s total holdings to 506,137 BTC, according to data compiled by Bitcoin Treasuries.

In Q4 of last year, the company bought a total of 218,887 bitcoins for $20.5 billion. Then in January, Strategy bought 10,107 BTC for around $1.1 billion.

In second place globally by BTC holdings is MARA Holdings, Inc., with 46,374, less than 10% of Strategy’s vault. Shockingly, the electric carmaker Tesla weighs in at 4th place, with 11,509 BTC.

The Austin-based automobile IT giant has more Bitcoin on its balance sheet than many blockchain sector companies like CleanSpark, Coinbase, and Block.

2. GameStop to Hold Corporate Bitcoin

Meanwhile, brick-and-mortar Texas retail video game chain GameStop, which became a meme stock in 2021 so the finance bros on Wall Street Bets could let off some steam amid the global pandemic, announced on March 25 that it will add BTC to its balance sheet.

Just under four months after Microsoft voted to reject a similar proposal for the Seattle computer giant, GameStop’s board of directors unanimously approved a plan to buy Bitcoin for the company.

Its stock jumped 11.7% following the news but later dumped by over 20%. GameStop has filed to raise $1.3 billion in stock-convertible corporate loans to purchase Bitcoin.

The main thrust of GameStop’s business strategy isn’t focused on acquiring Bitcoin like Strategy. Neither is it a blockchain nor even a high-tech sector company. But now BTC is part of its financial toolkit.

This is a premier example of the normalization and mainstream adoption of Bitcoin as a modern currency and financial asset because of its unique characteristics that are highly valued by key specifications of the Internet and mainstream financial economy.

3. Japan’s MetaPlanet Adds $12.6M in BTC

Across the ocean from California, MetaPlanet, a hotel chain in Japan, is shoring up its corporate finances with a big Bitcoin purchase. In March, the corporate cryptocurrency adopter bought 150 BTC for around USD $12.6 million.

That brings the company’s total holdings to 3,350 BTC, with a total market value above $172 million in March. The week before March’s top-off, the US president’s son Eric Trump joined the firm’s crypto advisory board as its first member.

At Michael Saylor’s New Year’s Eve party last year, MetaPlanet’s CEO Simon Gerovich said:

“In April for us—that’s when we decided we want to begin adopting Bitcoin. And now what we want to do is accumulate more Bitcoin over time for our shareholders.”

He also said he believes governments in Asia, including Japan’s, will be sure to follow the US in establishing national Bitcoin stockpiles. When the US begins mining or purchasing tranches of BTC to hold in a national reserve, the international “gold” rush would be apt to begin in earnest.

4. KULR Technology Buys $5 million More Bitcoin

In San Diego, California, the lithium ion battery and electronics company KULR Technology Group added to its corporate BTC stockpile in March. It bought an additional 58.3 BTC worth around $5.3 million. That brings its told holdings to 668 BTC.

KULR first established its Bitcoin treasury in December with a $21 million investment in the blockchain built to hold only 21 million BTC. KULR chairman and CEO Michael Mo said, “We believe the growing global acceptance of Bitcoin is still in its early stages.”

He reiterated BTC’s reputation as a macro hedge on inflation and geopolitical uncertainties with a strong trend of appreciating value over the long-term time scale.

The electronics company isn’t merely accepting Bitcoin as payment and waiting for a customer to push some to them. It’s actively going out and acquiring BTC to protect and improve its finances.

5. 2024 Accounting Update Paves Way for Corporate Holdings

Another reason this new trend of corporate accumulation has begun to emerge may be the Dec. 2023 update to the Financial Accounting Services Board (FASB) rules, officially adopting fair value accounting procedures for corporate BTC holdings.

The acceptance and standardization of a reasonable and simple accounting procedure for Bitcoin held by corporations lowers the complexity and cost of compliance. It also signals mainstream acceptance and support for companies’ ownership of Bitcoin.

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Edgen Launches “AI Super App,” Democratizing Institutional-Grade Crypto Market Intelligence

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[PRESS RELEASE – Hong Kong, Hong Kong, May 14th, 2025]

Edgen ends its invite-only phase, launches globally as the first AI super app to unify trading insight, social signal, and real-time on-chain analytics into one platform.

Edgen, the AI-native market intelligence platform designed to restore informational edge in the age of noise, today announced its public release. Following a closed beta with over a million data being analyzed daily, Edgen is now accessible to all without invite codes, waitlists, or onboarding gates.

Dubbed the “AI Super App” for market intelligence, Edgen merges real-time social sentiment, on-chain analysis, and modular, specialized AI agents into a single AI-native workflow, giving retail traders and independent analysts the tools and clarity once reserved for hedge funds and quant desks.

Backed by Framework Ventures, North Island Ventures, Portal Ventures, Hivemind Capital Partners, and Moonrock Capital, Edgen introduces a new intelligence framework for navigating markets: an always-on, modular reasoning engine for traders, capable of parsing live markets, detecting signals before they trend, and enabling conviction where once there was chaos.

”We built Edgen to help traders make smarter decisions, faster. It gathers insights from the entire market and from everyone, learns from them, and gives them an edge. Markets move fast. Edgen helps people move faster and smarter. When information is everywhere, what matters most is how fast you can turn it into conviction. That’s what Edgen unlocks,” said Sean Tao, Cofounder of Edgen.

The Mental Infrastructure for Smart Money

Markets today are not won by access to data, but by the ability to reduce complexity into clarity, faster than consensus. In a trading environment increasingly shaped by narrative cycles, virality, and social-driven volatility, Edgen offers an intelligence operating system, one that fuses structured AI orchestration, speed, and execution with human pattern recognition and intuition.

“If Bloomberg Terminal were invented today for a generation raised on Discord, DeFi, and ChatGPT, it would look like Edgen,” Sean added.

Edgen is built on a proprietary Efficient Decision Guidance Model (EDGM)—a lightweight, real-time system that intercepts user queries, identifies intent, and routes them through a stack of specialized agents and relevant data sources. Rather than relying on a monolithic and rigid LLM, Edgen dynamically coordinates smaller tools, models, and data sources in parallel, creating answers that are faster, cheaper, and optimized for the crypto-native environment.

This routing system is what makes Edgen not just fast, but contextually intelligent. It knows when to pull on-chain data, when to surface X/Twitter sentiment, when to highlight smart money flows, and when to do all three at once.

From Tool to Network: Edgen as Collective Cognition

Edgen offers users four core interfaces: real-time Search, momentum Radar, crowd-sourced Insight feeds, and a dynamic crowdsourced intelligence layer known as “Aura”. These modules do not exist in isolation, they are stitched together by EDGM to form a continuous perception loop.

Every search query, every published call, and every response reinforces the system. In this way, Edgen behaves not as a platform, but as a distributed learning brain, one trained not by engineers, but by the most attuned minds in the market.

This architecture includes a Cognitive Layer (query parsing and tool routing with EDGM), an Agentic Layer (modular agents for TA, macro, on-chain, and social signal interpretation), and a planned Execution Layer, which will allow AI-generated insights to translate directly into trade execution or smart contract interaction.

“Imagine spotting a sudden spike in a microcap token. Edgen Search gives you an instant TLDR of its utility, recent smart wallet buys, and who’s talking about it on Twitter, all in one click,” said Sean.

Aura: A Crowdsourced Intelligence Layer for the Intelligence Economy

Edgen’s vision is not to replace human judgment, but to amplify it. Every question asked, every insight shared, contributes to the platform’s intelligence. The more users engage, the more refined and valuable Edgen becomes, creating a self-reinforcing loop of market understanding.

Unique to Edgen is its incentive mechanism. Aura is a non-tradable metric that tracks a user’s insight contributions, predictive accuracy, and impact within the ecosystem. It operates as a kind of proof-of-intelligence, ranking those who identify signals before the market does.

“The real arms race in crypto trading isn’t for blockspace. It’s for information asymmetry, attention, synthesis, and decision velocity. Edgen is how we give individuals an institutional lens without replicating institutional baggage”, Sean continued.

Aura is earned in two primary ways: by training the AI through verified high-quality insight, or by distributing that insight and triggering real user engagement. These contributions are scored through a three-tier process involving automated model review, community rating, and expert verification.

This system allows Edgen to transform every high-quality market thesis, meme-framed call, or chain-driven analysis into live training data, creating an AI that reflects the instincts of real traders, not corporate abstractions.

A Platform Designed for a Smarter Future

Edgen marks the beginning of a new infrastructure layer for financial cognition. Looking ahead, Edgen releases the Edgentic Marketplace, a permissionless environment where third-party developers can publish AI agents, custom workflows, and strategy modules built atop Edgen’s multi-agent infrastructure. This isn’t just about empowering traders. It’s about democratizing institutional-grade tools and unlocking them for everyone from digital asset holders to the crypto curious, giving all participants a path to think, act, and evolve like smart money.

About Edgen

Edgen is the leading AI-powered market intelligence operating system in the crypto space. Through its proprietary Efficient Decision Guidance Model (EDGM), the platform transforms high barrier institutional-grade strategies into universally accessible smart tools. Pioneering the “Cognition-as-a-Service” (CaaS) architecture, Edgen integrates modular AI agents, real-time social sentiment analysis, and on-chain analytics to empower retail traders and independent analysts to navigate crypto markets with institutional-grade precision.

Backed by crypto-native funds such as Framework Ventures and North Island Ventures, Edgen’s technical team combines former Wall Street quantitative trading experts and core Web3 protocol developers, collectively building the cognitive infrastructure for next-generation open finance.

Website: https://www.edgen.tech/

X/Twitter: https://x.com/EdgenTech

Media contact: press@edgen.tech

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Ethereum (ETH) Flies to 11-Week High, Bitcoin (BTC) Rejected at $105K (Market Watch)

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Bitcoin’s price actions remained relatively dull even though the US CPI numbers came out yesterday and were slightly lower than expected.

Many altcoins have notched impressive gains over the past 24 hours, with RAY and ENA leading the pack from the largest 100.

BTC Maintains $103K

The primary cryptocurrency enjoyed the beginning of May as its price finally conquered the $100,000 level last Thursday, and it hasn’t looked back since. It kept climbing even during the weekend, but the culmination transpired on Monday when the US and China announced a tariff pause. At the time, BTC skyrocketed to almost $106,000, which became a new multi-month peak.

However, the bears finally intervened at this point and didn’t allow an attempt for an all-time high. Just the opposite; BTC started losing value and dropped below $101,000 on Monday evening.

It didn’t stay there for long and bounced to around $103,000 yesterday. The aforementioned better-than-expected US CPI numbers for April failed to result in immediate price volatility, but BTC still challenged $105,000 in the evening to no avail.

Since then, the asset has lost nearly two grand and fights to stay above $103,000. Its market cap is well above $2.050 trillion on CG, while its dominance over the alts has taken a beating and is down to 59.1%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH at $2.6K

Ethereum has completely reversed its sluggish and disappointing performance at times in the past week or so. It has jumped by another 4.5% in the past 24 hours and now sits close to $2,600 after surging to a new multi-month peak of almost $2,750 earlier today.

Other notable gainers from the larger-cap alts today include SOL, DOGE, TRX, AVAX, and PI. RAY, ENA, and MKR have surged by double-digit price increases, while WIF has dropped the most since yesterday by losing 5% of value.

The total crypto market cap has recovered over $60 billion since yesterday and is above $3.460 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Ethereum’s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment

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Ethereum (ETH) has roared back into the spotlight with a vengeance, surging over 49% in just 6 days to briefly flash past $2,700, a price point not seen since February 23.

The rally, which began on May 7 after ETH bottomed near $1,800, has reignited talk of the long-dormant “flippening” narrative, in which Ethereum could overtake Bitcoin (BTC) in market capitalization.

From FUD to FOMO

According to a May 13 report from Santiment, Ethereum’s six-day run, which took it from under $1,800 to over $2,700, marked one of the sharpest rebounds in recent memory and triggered a dramatic shift in sentiment.

Analyst Brian Q partly attributed the turnaround to crypto’s deeply irrational crowd behavior. He noted that just a week ago, social media was rife with jokes about Ethereum’s underperformance, with bearish price calls for ETH dominating online conversations between May 6 and 7 as the asset lagged behind rivals.

However, once the rally started on May 8, the mood flipped dramatically, as retail traders scrambled to justify entry points, with some speculating on the altcoin going to $3,500 and beyond.

“We can really see how price calls across social media have done a complete 180 as doubters have been silenced by Ether’s rally,” wrote Brian Q.

Santiment also noted how years of underperformance had conditioned the market to dismiss Ethereum, only for the world’s second-largest cryptocurrency by market cap to pump when least expected.

“With dismissal from the crowd,” the report stated, “comes massive pumps that blindside the doubters.”

Institutional Moves and On-Chain Signals

Interestingly, the rally coincided with aggressive accumulation by some institutional players. On-chain tracker Lookonchain reported that in the last week, London-based Abraxas Capital bought 242,652 ETH worth some $561 million, with 185,309 ETH valued at $400 million plucked from exchanges in just 72 hours.

Experts say ETH’s price action is more than just a short squeeze, with analyst Rekt Capital pointing out that the cryptocurrency closed last week at $2,514, officially reclaiming its macro $2,200 to $3,900 range lost in the first quarter of 2025.

“Any dips, if needed at all, would only solidify $2,200 as range-low support,” he wrote on May 12, while also highlighting the asset’s attempts to fill a macro CME gap between $2,900 and $3,350.

Adding to Ethereum’s strength is the surprisingly low network fee environment. Previously, Santiment noted that average transaction fees remain around $0.84, well below the $7+ seen six months ago, removing a common barrier to adoption.

However, cautious voices have warned that the current trading zone between $2,400 and $2,700 could be a consolidation phase before the next leg up or a possible shakeout. According to Daan Crypto Trades, if momentum falters, there may be a possible retest down to $2,300 or even $2,100.

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