BTC drops below 67,000 USDT

Bitfury Founder: The current market downturn is an opportunity for the company to rebalance its portfolio and buy BTC at lower prices.

Bitfury founder Val Vavilov stated that the cryptocurrency crash is a good opportunity for re-investment and believes that Bitcoin still has growth potential. He mentioned that the company has expanded from crypto mining to artificial intelligence infrastructure but did not disclose specific investment amounts or quantities.

MSTR bets on perpetual preferred stock! Strategy adjusts financing structure, and the Bitcoin reserve strategy continues.

Strategy (formerly MicroStrategy) is planning to expand its perpetual preferred stock issuance to alleviate market pressure caused by excessive volatility in common shares. The company's CEO Phong Le recently stated that preferred stock may become its core financing tool in the future, helping the company reduce reliance on dilution of common shares while continuously allocating Bitcoin. Since the beginning of this year, MSTR's stock price has fallen approximately 17%, while Bitcoin's price has dropped over 22% during the same period. In an interview with Bloomberg, Le pointed out that the sharp stock price fluctuations are highly correlated with the company's "Digital Asset Reserve Plan" and Bitcoin prices. When Bitcoin rises, the stock price often quickly increases; conversely, it tends to decline under pressure. To meet the needs of investors interested in digital assets but unwilling to bear extreme volatility, Strategy has launched a perpetual preferred stock called "Stretch."

Analyst: Bitcoin whales are increasing their holdings during the pullback. The current pattern is similar to the period before the 2022 mid-year bull market launch.

BlockBeats News, February 12 — According to Cointelegraph, Glassnode analysts stated that Bitcoin whales increased their holdings during the pullback, with the 30-day average outflow ratio reaching 3.2%, similar to the pattern observed before the bull market in the first half of 2022.

Morgan Stanley Picks 2 Bitcoin Miners to Double: 158% Upside on AI Pivot

Morgan Stanley initiated coverage of Cipher Mining and TeraWulf with overweight ratings, setting $38 and $37 price targets implying 158% and 159% upside respectively. The investment firm views these bitcoin miners' pivot to AI data centers as major growth driver, with hyperscalers paying premiums for "time to power" solutions amid systematic AI compute supply shortage.