The Daily: Trumps’ crypto wealth jumps $1.4B, Strategy makes biggest bitcoin buy in over a year, OG whale moves $85M in BTC, and more

The cryptocurrency market experienced a flurry of high-profile activity today, spanning political figures, institutional giants, and large-scale blockchain movements. The most notable development involves former President Donald Trump, whose reported crypto wealth has dramatically soared, estimated to have jumped by approximately $1.4 billion. This massive valuation increase is primarily attributed to his portfolio’s exposure to brand-related tokens and NFTs, positioning him as one of the most prominent political figures benefiting directly from the digital asset sector.

Meanwhile, institutional accumulation remains strong. MicroStrategy (MSTR), often referred to simply as ‘Strategy,’ announced its most significant Bitcoin (BTC) purchase period in over a year. This aggressive acquisition reinforces the company’s commitment to Bitcoin as a primary treasury reserve asset, signaling robust institutional confidence despite recent market fluctuations.

On the blockchain front, market analysts tracked the sudden activity of an ‘OG whale.’ An address holding Bitcoin for several years suddenly became active, transferring roughly $85 million worth of BTC. Such large-scale movements by long-dormant entities often prompt intense scrutiny regarding potential market impact, signaling either major institutional reallocation or preparation for over-the-counter (OTC) sales.

Source: The Daily: Trumps’ crypto wealth jumps $1.4B, Strategy makes biggest bitcoin buy in over a year, OG whale moves $85M in BTC, and more