Bitcoin
South Korea’s Pension Fund Buys $34M in MicroStrategy

South Korea’s National Pension Service (NPS) recently purchased $34 million worth of MicroStrategy shares, highlighting increased institutional confidence in Bitcoin (BTC) via strategic investments.
MicroStrategy’s heavy Bitcoin focus continues to boost confidence in the company’s long-term prospects and the value of its crypto holdings.
South Korea’s NPS Buys MicroStrategy Shares
An official filing with the US Securities and Exchange Commission (SEC) confirmed the development. Notably, South Korea’s NPS, the second-largest public pension fund in the world, is backing Bitcoin through its MicroStrategy investment. This move underscores the increasing confidence large institutions have in Bitcoin by gaining indirect exposure via MicroStrategy.
MicroStrategy’s stock (MSTR) has effectively become a proxy for Bitcoin due to its aggressive BTC investment strategy. This unintended perception draws investors seeking leveraged exposure to Bitcoin without directly holding the cryptocurrency.

While South Korea’s National Pension Fund gains indirect Bitcoin exposure through proxies, others are capitalizing on the recently approved spot Bitcoin ETFs. Notable examples include New England’s Retirement Planning Company, which invested $249,429 in Grayscale’s Bitcoin Trust (GBTC), acquiring 4,685 shares, as disclosed in its latest FORM 13F filing with the SEC.
Additionally, the State of Wisconsin purchased $99 million worth of BlackRock’s Bitcoin ETFs, iShares Bitcoin Trust (IBIT), while the State of Michigan Retirement System invested $66 million in the ARK 21Shares ARKB spot Bitcoin ETF. Jersey City Mayor Steven Fulop also announced similar investment plans.
Beyond pension funds, Wall Street giants like Morgan Stanley, Goldman Sachs, and DRW Capital have disclosed positions in Bitcoin ETFs. These developments signal growing institutional confidence in Bitcoin and its increasing integration into mainstream finance.
Read more: How To Trade a Bitcoin ETF: A Step-by-Step Approach
This growing allure of Bitcoin among traditional finance (TradFi) players was instigated by the approval and launch of spot Bitcoin ETFs in January, which delivered BTC to Wall Street. South Korea Pension Fund’s move, therefore, aligns with a broader trend where TradFi adopts Bitcoin within investment strategies.
MicroStrategy’s Bitcoin Investment Strategy
The Virginia-based firm MicroStrategy has earned a reputation as a leading Bitcoin maximalist, driven by its CEO, Michael Saylor, a well-known BTC advocate and investor.
“Bitcoin is a capital investment you can hold for decades that a corporation, competitor, counterparty, or country can’t take away from you. It will create generational wealth for your family, corporation, or country,” Saylor shared recently.
MicroStrategy’s Bitcoin investment strategy continues to fortify its place in the crypto arena, turning heads with every development. As BeInCrypto reported, the US SEC approved ETF issuer Defiance’s MSTX, bringing forth MicroStrategy’s first-ever leveraged single-stock ETF.
The firm continues expanding its Bitcoin holdings despite market challenges, maintaining its position as the public company with the largest BTC reserve. For example, in Q2 2024, MicroStrategy acquired 12,222 Bitcoin, bringing its total holdings to 226,500 BTC, even after posting a quarterly loss. Earlier this month, the company announced plans to sell up to $2 billion in shares for further Bitcoin investments and other corporate purposes.
Read more: Who Owns the Most Bitcoin in 2024?
Despite its bold Bitcoin stance and strategic moves, MicroStrategy is not immune to market downturns. For instance, its Bitcoin portfolio took a hit in July when the US government announced plans to sell $2 billion worth of seized BTC, leading to a decline in Bitcoin’s value and impacting the firm’s holdings.
Nevertheless, MicroStrategy’s Bitcoin stance and strategic investment acumen do not absolve it from taking blows whenever the market tanks. For instance, its Bitcoin portfolio took a hit in July when the US government announced a $2 billion sell-off from seized BTC holdings. The decline was further fueled by the Federal Reserve’s decision to pause interest rates on July 31 and a weaker-than-expected US jobs report on August 2.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Strategy Adds 22,048 BTC for Nearly $2 Billion

Michael Saylor announced that Strategy purchased nearly $2 billion worth of Bitcoin. This is a massive leap over last week’s purchase, which was already quite substantial.
Nonetheless, the firm was only able to make this acquisition thanks to major stock offerings. Bitcoin’s price has been sinking over the last few weeks, and this could mature into a potential liquidation crisis.
Strategy Maintains Bitcoin Purchases
Since Strategy (formerly MicroStrategy) began acquiring Bitcoin, it’s become one of the world’s largest BTC holders. This plan has totally reoriented the company around its massive acquisitions, inspiring other firms to take up the same plan.
Today, the firm’s Chair, Michael Saylor, announced another purchase, much larger than the last few.
“Strategy has acquired 22,048 BTC for ~$1.92 billion at ~$86,969 per bitcoin and has achieved BTC Yield of 11.0% YTD 2025. As of 3/30/2025, Strategy holds 528,185 BTC acquired for ~$35.63 billion at ~$67,458 per bitcoin,” Saylor claimed via social media.
Strategy’s latest Bitcoin acquisition, worth just shy of $2 billion, is a major commitment. In February, the firm made a similar $2 billion purchase, and it was followed by a tiny $10 million buy and a $500 million one. The $500 million purchase, which took place on March 24, only happened thanks to a huge new stock offering. This move further cements Strategy’s faith in BTC.
By making these billion-dollar buys, Strategy is able to buttress the entire market’s confidence in Bitcoin. However, investors should be aware of a few potential cracks.
First of all, Bitcoin’s performance is a little subpar at the moment. Despite hitting an all-time high recently, Bitcoin is having its worst quarter since 2019, and there is not much forward momentum.

This could cause a unique problem for the company. Since Strategy is a cornerstone of market confidence, it is unable to offload its assets without jeopardizing Bitcoin’s price.
The firm’s debts are growing at a fast rate, and this could have dangerous implications if Bitcoin keeps falling. Strategy could be forced to liquidate, even if that seems unlikely now.
Still, it’s important to remember that these are only possible scenarios. Strategy has maintained its consistent Bitcoin investments for nearly five years, and it’s paid off tremendously well. However, if it keeps taking on billions in fresh debt obligations, this faith will turn into a gamble with very high stakes.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
BTC Price Rebound Likely as Long-Term Holders Reenter Market

Bitcoin (BTC) is on track to end Q1 with its worst performance since 2019. Without an unexpected recovery, BTC could close the quarter with a 25% decline from its all-time high (ATH).
Some analysts have noted that experienced Bitcoin holders are shifting into an accumulation phase, signaling potential price growth in the medium term.
Signs That Veteran Investors Are Accumulating Again
According to AxelAdlerJr, March 2025 marks a transition period where veteran investors move from selling to holding and accumulating. This shift is reflected in the Value Days Destroyed (VDD) metric, which remains low.
VDD is an on-chain indicator that tracks investor behavior by measuring the number of days Bitcoin remains unmoved before being transacted.
A high VDD suggests that older Bitcoin is being moved, which may indicate selling pressure from whales or long-term holders. A low VDD suggests that most transactions involve short-term holders, who have a smaller impact on the market.

Historically, low VDD periods often precede strong price rallies. These phases suggest that investors are accumulating Bitcoin with expectations of future price increases. AxelAdlerJr concludes that this shift signals Bitcoin’s potential for medium-term growth.
“The transition of experienced players into a holding (accumulation) phase signals the potential for further BTC growth in the medium term,” AxelAdlerJr predicted.
Bitcoin’s Sell-Side Risk Ratio Hits Low
At the same time, analyst Ali highlighted another bullish indicator: Bitcoin’s sell-side risk ratio had dropped to 0.086%.

According to Ali, over the past two years, every time this ratio fell below 0.1%, Bitcoin experienced a strong price rebound. For example, in January 2024, Bitcoin surged to a then-all-time high of $73,800 after the sell-side risk ratio dipped below 0.1%.
Similarly, in September 2024, Bitcoin hit a new peak after this metric reached a low level.
The combination of veteran investors accumulating Bitcoin and a sharp decline in the sell-side risk ratio are positive signals for the market. However, a recent analysis from BeInCrypto warns of concerning technical patterns, with a death cross beginning to form.
Additionally, investors remain cautious about potential market volatility in early April. The uncertainty stems from President Trump’s upcoming announcement regarding a major retaliatory tariff.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Marathon Digital to Sell $2 Billion in Stock to Buy Bitcoin

Marathon Digital Holdings, one of the largest Bitcoin mining companies in the US, made headlines with its announcement of a $2 billion stock offering to increase its Bitcoin holdings.
This strategic move, detailed in recent SEC filings, shows Marathon’s aggressive approach to capitalize on the growing crypto market.
Marathon’s $2 Billion Stock Offering: Key Details
On March 30, 2025, Marathon Digital Holdings announced a $2 billion at-the-market (ATM) stock offering to fund its strategy of acquiring more Bitcoin. The company filed a Form 8-K with the SEC, outlining its plan to raise capital through the sale of shares, with the proceeds primarily aimed at increasing its Bitcoin holdings.
According to the SEC filing (Form 424B5), Marathon intends to use the funds for “general corporate purposes,” which include purchasing additional Bitcoin and supporting operational needs.
Marathon holds 46,376 BTC, making it the second-largest publicly traded company in Bitcoin ownership, behind MicroStrategy. The company’s Bitcoin holdings have grown significantly in recent years, from 13,726 BTC in early 2024 to the current figure.
“We believe we are the second largest holder of bitcoin among publicly traded companies. From time to time, we enter into forward or option contracts and/or lend bitcoin to increase yield on our Bitcoin holdings.” Marathon confirmed
This $2 billion stock offering continues Marathon’s strategy to bolster its balance sheet with Bitcoin, a move that aligns with its long-term vision of leveraging cryptocurrency as a store of value.
Marathon’s strategy mirrors that of MicroStrategy. MicroStrategy’s stock price has soared with Bitcoin’s value, providing a blueprint for companies like Marathon to follow. By increasing its Bitcoin holdings, Marathon aims to position itself as a leader in the crypto mining sector while diversifying its revenue streams beyond traditional mining operations.
Marathon Digital CEO Fred Thiel advises investing small amounts in Bitcoin monthly, citing its consistent long-term growth potential.
The issuance of new shares to raise $2 billion could dilute the ownership of existing shareholders, potentially impacting the company’s stock price (MARA). As of March 31, 2025, MARA stock has experienced volatility, trading at around $12.47 per share, down from a 52-week high of $24, according to data from Yahoo Finance.
Moreover, Marathon’s heavy reliance on Bitcoin exposes it to the cryptocurrency’s price fluctuations. If Bitcoin’s price were to decline significantly, the value of Marathon’s holdings would decrease, potentially straining its financial position.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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