2477: $286 Million Bitcoin BUYING FRENZY - Public Companies Are Loading Up

Justin Verrengia (0:00)

Bitcoin is entering a full-blown accumulation war. The biggest buyers are getting more aggressive. The capital behind them is getting deeper. And they're not waiting for permission from the market. This is what happens when conviction meets scarcity, and the pressure is building fast. Let's get right into it. They're buying Bitcoin like there won't be any left. Not 10 million, not 50 million, 286 million. And one corporate buying frenzy, Strategy Strive Metaplanet. Another 3334 Bitcoin ripped off the market. And here's what should terrify anyone still waiting for cheaper bitties. These companies can raise more dollars. They cannot create more Bitcoin. Strategy just added another 334 Bitcoin. Metaplanet added another thousand. And Strive came swinging with another 2000 Bitcoin. That brings Strive alone to 29,462 BTC.

Strategy now holds a staggering 848,000 BTC. And look at what that conviction has already produced. Strategy's 848,000 Bitcoin were acquired for roughly 64 billion. Average price just above 75,000 per Bitcoin. And in Q3 alone, Strategy just reported an estimated 20.9 billion gain on its Bitcoin holdings.

$21 billion in one quarter while Saylor keeps buying. That's what conviction looks like when Bitcoin starts moving. And Strategy still has another 18.8 billion of capacity remaining under its MSTR ATM program. The largest corporate Bitcoin treasury on earth isn't tapping the brakes as the price approaches 90,000. And Saylor still has billions more in firepower to buy more Bitcoin. And all of this is happening. A sentiment finally turns bullish once again. Welcome to October. Bitcoin just printed its highest weekly close in more than eight months. It's up nearly 50% over the last three months. And now there's only 80,000 blocks remaining until the next halving. Do you see what's happening? The price is rising. Corporate demand is accelerating. The halving clock is ticking. And the biggest buyers aren't waiting around for another crash. That's what makes this moment so fricking bullish because this buying frenzy is happening before Bitcoin has even reclaimed its previous all-time high. Think about that. If corporations are swallowing thousands of Bitcoin while Bitcoin is still below 90,000, what happens when Bitcoin breaks through 100,000 again? What happens when we reenter price discovery returning to an all-time high? Because October is only the beginning. November bull is next. Historically, November has been Bitcoin's most bullish month, averaging more than a 40% gain. And we're heading straight into it during Q4, with momentum returning, corporate accumulation accelerating, and the next halving getting closer with every single block. This is exactly when the crowd starts waking back up. First, the sentiment changes, then the price starts moving, then the headlines return. Then everybody who spent months waiting for lower prices suddenly realizes Bitcoin never asked for their permission to leave. And while retail debates another 90,000 is too expensive, corporations are deploying hundreds of millions to secure Bitcoin before the next leg up. That's the part people are missing. Bitcoin is not running out of buyers. It's running out of Bitcoin. And when an asset with an absolutely fixed supply meets a wall of capital that keeps getting bigger, there's only one release valve. It's the price. Welcome to Q4.

Welcome to October. The Bitcoin bull is awake. And now let's look at what's happening across the rest of the Bitcoin market, because the corporate buying frenzy is only one signal flashing bullish right now. The price action, we got the halving countdown. All the data is all starting to line up. So let's dive right in. Justin, breaking news. SEC approves first ever 3X leverage Bitcoin and Ethereum ETFs. The SEC approves Cebo BZX to list six new volatility share ETFs, including 3X Bitcoin and Ether ETFs, along with 3X Gold, Silver, Crude Oil, and Natural Gas ETFs. This is the first US approval of 3X leverage Bitcoin and Ether exchange traded products. These are based on CME futures contracts, not spot Bitcoin or Ethereum holdings. Just goes to show you as more products are being released, it's just more adoption for Bitcoin and crypto in general. And this news is brand new, it just came in. Also breaking news, CFTC proposes rules to regulate US crypto markets. Quoting the CFTC here on their update, coming from the Chairman Michael Selig, today's action is just the beginning. America can lead the next generation of financial technology without repeating the mistakes of the last one. Now this is very significant. As you know, the US has been awaiting this clarity act, which obviously did not pass the Senate. It failed. It came short, but only 49 out of the required 60 votes. But that's not slowing down the CFTC and the SEC. They're moving forward with their regulations and guidelines, regardless of the Clarity Act. And I remind you, Bitcoin doesn't need the Clarity Act. In fact, it's not even in our best interests for that to move forward because it's over 600 pages of restrictions on what we can and can't do with our Bitcoin. So this is dedicated to the Senate and the Dems. Go f yourself. We don't need your Clarity Act. Take that. You know, so we're moving right along just fine.