Key Points
- Bitcoin reclaimed $95,000 following yesterday’s dip to $93,000 levels.
- BTC enters a new era amidst institutional adoption, while the crypto industry sees a fresh start.
Today, Bitcoin’s price rebounded above $95,000 following a recent drop to $93,000 on February 18. The Bitcoin and crypto markets remain surrounded by optimism, as mainstream adoption continues.
Bitcoin Trades Above $95,000
At the moment of writing this article, BTC is trading above $95,500, following yesterday’s drop below $94,000.
Recently, the crypto market suffered significant losses, some of them triggered by the latest scandal involving the launch of LIBRA coin which lost over $4.4 billion in market cap quickly after it went live.
However, while crypto builders continue their work in the ecosystem, supporting mainstream adoption, the BTC and crypto market remain optimistic.
Yesterday, Strategy₿ formerly known as MicroStrategy, announced a new significant private offering.
Strategy₿ Announced $2 Billion Private Offering
On February 18, Michael Saylor revealed in a post via X that Strategy₿ announced a new proposed private offering of $2 billion of convertible senior notes.
In the official notes, the company revealed that the senior notes are due March 1, 2030, subject to market conditions and other factors, to qualified institutional buyers.
Strategy₿ will use the proceeds from this offering for general corporate purposes, including the acquisition of BTC and working capital.
It’s also worth noting that, in a recent interview, Saylor addressed the company’s ongoing BTC acquisition strategy, and the growing adoption of BTC among institutional investors, offering his views on the overall crypto industry.
Bitcoin Enters a New Phase
In the recent interview with Colin from WuBlockchain, Saylor highlighted Bitcoin’s increasing value as a digital asset similar to valuable real estate.
He also said that he believes that Bitcoin is entering a new phase, with institutional investors playing a crucial role.
Saylor explained that Strategy₿ now uses Bitcoin as collateral for launching new businesses.
A Fresh Reset for the Crypto Industry
Binance’s CEO, Richard Teng, also addressed the fresh reset for the crypto industry under the new regime in the US, as revealed by a recent Bloomberg article.
In an interview with Bloomberg News, Teng also said that Binance is waiting for more clarity from the US before it decides its plans in the region.
Meanwhile, Binance, the most important crypto exchange in the world, continues to mark new milestones in its quest to support the industry and global crypto adoption.
