This week in crypto markets: MicroStrategy continues reshaping its balance sheet as a major Bitcoin holder. The company has grown its USD reserve by $748 million, bringing total holdings to $2.19 billion alongside ₿671,268 in Bitcoin—signaling aggressive accumulation despite broader market volatility. Meanwhile, institutional appetite for Ethereum remains strong, with BitMine deploying $300 million into the asset. On the equity side, Citigroup cut MicroStrategy's price target significantly, from $485 to $325 per share, reflecting analysts' reassessment of the stock's valuation amid macro headwinds. These moves underscore how major players are positioning themselves: building crypto reserves while traditional valuations face downward pressure.
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This week in crypto markets: MicroStrategy continues reshaping its balance sheet as a major Bitcoin holder. The company has grown its USD reserve by $748 million, bringing total holdings to $2.19 billion alongside ₿671,268 in Bitcoin—signaling aggressive accumulation despite broader market volatility. Meanwhile, institutional appetite for Ethereum remains strong, with BitMine deploying $300 million into the asset. On the equity side, Citigroup cut MicroStrategy's price target significantly, from $485 to $325 per share, reflecting analysts' reassessment of the stock's valuation amid macro headwinds. These moves underscore how major players are positioning themselves: building crypto reserves while traditional valuations face downward pressure.