Bitcoin’s attempt to break the $80k mark fell short, and MicroStrategy has launched a new stock issuance to kick off a Bitcoin flywheel

Due to the prolonged U.S.-Iran standoff, the market’s focus is shifting to the earnings reports of tech giants and the Federal Reserve’s interest rate decision. Yesterday, Bitcoin attempted to challenge the $80k mark, but the price quickly pulled back, weakening short-term bullish sentiment. The Fear and Greed Index also shifted from optimistic to a neutral state. MicroStrategy, the pioneer of a Bitcoin reserve strategy, increased its purchase by 3,273 BTC last week, bringing its total holdings to 818,334 BTC, all funded through an ordinary share issuance of MSTR. MicroStrategy’s (MSTR) stock price has risen by 30% over the past month, pushing mNAV up to 1.25, and once again kicking off the Bitcoin flywheel.

The U.S.-Iran standoff continues; focus shifts to major companies’ earnings reports and the Federal Reserve’s interest rate decision

According to reports, Iran has submitted a new proposal to the United States, saying it is willing to reopen the Strait of Hormuz and end the war, while also suggesting that nuclear talks be postponed. White House press secretary Karoline Leavitt confirmed on Monday that Trump and his national security team discussed this Iranian proposal.

With the geopolitical situation unclear, investors are turning their attention to the earnings reports of tech giants with a total market value of nearly $16 trillion. Alphabet, Microsoft, Amazon, and Meta will release their earnings on Wednesday, while Apple will do so the day after. The results of these earnings reports may set the tone for global stock markets and test whether the recent upward momentum in large tech stocks can continue.

This week, the Federal Reserve, the European Central Bank (ECB), and central banks in Japan, the United Kingdom, and Canada will all release their interest rate decisions. Although investors expect the Federal Reserve to keep rates unchanged, the market will still closely watch whether officials, including Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde, mention inflation threats triggered by war-related disruptions to oil supply.

(Is Powell’s final dance? The Middle East conflict boosts inflation; the Federal Reserve is expected to hold steady this week)

Bitcoin fails to break through the $80k level; MicroStrategy’s share issuance kicks off the Bitcoin flywheel

Yesterday, Bitcoin attempted to challenge the $80k level, but the price quickly fell back, weakening short-term bullish confidence, and the Fear and Greed Index also shifted from optimistic to a neutral state.

MicroStrategy, the pioneer of the Bitcoin reserve strategy (originally named MicroStrategy), increased its purchases again last week by 3,273 Bitcoin (BTC). Its total holdings now reach 818,334 BTC, all supported by an ordinary share issuance that raised $255 million. MicroStrategy’s stock price has clearly rebounded recently, up 30% over the past month, driving mNAV (the ratio of the current stock price to the value of the Bitcoin it holds) to rise to 1.25. Therefore, it can once again issue ordinary shares to kick off the Bitcoin flywheel.

(MicroStrategy adds 3,273 BTC: average price $77.9k; total holdings 818.3k units)

This article Bitcoin fails to break through the $80k level; MicroStrategy’s share issuance kicks off the Bitcoin flywheel was first published on Chain News ABMedia.