Largest Bitcoin Holder Shares Plans To Buy More

---

Strategy Announces Plans To Buy More Bitcoin

Strategy, formerly MicroStrategy, announced it bought another 7,633 BTC—worth $1.2B (USD $742M)—between February 3 and 9. The company now holds 478,740 BTC or 2.28% of the total supply. It has more than doubled its BTC holdings in the past six months.

Strategy looks set to continue acquiring BTC throughout 2025. This week, it shared plans to offer $3.15B ($2.0B USD) of convertible debt in a private offering, the proceeds of which will be used for purposes including acquiring more BTC.

---

More U.S. States Discuss Strategic Bitcoin Reserve

Lawmakers in 20 individual states in the U.S., such as Texas, Arizona and Utah, are considering whether to establish their own strategic Bitcoin reserves. This number has noticeably jumped since Trump took office in January.

Worth noting, these events are distinct from the concept of a federal strategic Bitcoin reserve, an initiative that is being proposed by figures such as U.S. Senator Cynthia Lummis.

Twenty states have introduced bills related to strategic Bitcoin reserves (Source: Bitcoin Laws)

---

Altcoin ETF Watch

Bloomberg analysts James Seyffart and Eric Balchunas now believe it’s likely that various spot altcoin exchange-traded funds (ETFs) will be approved in the U.S. this year. In particular, they estimate a 90%, 70%, 65% and 75% odds for Litecoin (LTC), Solana (SOL), XRP (XRP) and Dogecoin (DOGE), respectively. The pair said that these odds have increased substantially since prior to the U.S. election last November.

---

Major Ethereum Conference Approaches

ETHDenver, one of the largest annual Ethereum conferences, starts next week. As is typical at ETHDenver, expects to see plenty of announcements and updates from altcoin projects building in the Ethereum ecosystem. The conference will run from February 27 through March 2.

---