24 Jul 25: The BIG Long

24 Jul 25: The BIG Long

By theinspired | Bitcoin Inspired | 24 Jul 2025


"Deal with the difficult while it is yet easy;
Deal with the great while it is yet small."
- James Clear

Note: This blog post updated throughout the day; come back for more later in the day.

BITCOIN

JUST IN: Strategy expands preferred stock offering to $2B amid Bitcoin-fueled rally — Report (Cointelegraph) - Michael Saylor’s company has accumulated 607,770 BTC since adopting its Bitcoin treasury strategy in 2020.

Bitcoin due 'massive short squeeze' as BTC dominance bounces to 62% (Cointelegraph) - Bitcoin exchange order-book liquidity is creating the conditions for a giant short squeeze event as traders bet against BTC price upside.

UK firm smashes local Bitcoin treasury record with $135M raise (Cointelegraph) - Satsuma Technology raised $135 million to fund one of the UK's biggest single Bitcoin treasury acquisitions, positioning itself as a top regional BTC holder.

Arkham Confirms $24 Billion in US Bitcoin Holdings, Shuts Down Sell-Off Rumors (BeInCrypto) - The US government’s Bitcoin, seized from criminal cases, hasn’t moved for four months, raising concerns about market impact.

Another One: Japan’s Kitabo Turns to Bitcoin for Treasury Reserves (CryptoPotato) - The 70-year old textile firm joins the growing trend of Asian companies adopting the leading asset.

Jim Cramer Says Bitcoin and Ethereum are a Hedge Against U.S. Debt: Is This True? (Blocknews) - Jim Cramer, longtime CNBC host and ex-hedge fund manager, just made a move that’s raising crypto eyebrows—he’s holding Bitcoin and Ethereum as a legacy play for his kids.

Square Begins Bitcoin Payments for Sellers as Block Stock Hits S&P 500 (Decrypt) - Block's share price has risen more than 14% over the past week.

Satoshi-Era Bitcoin Whale with $468,046,931 BTC Exposed After 14.5 Years’ Sleep (UToday) - Ancient Bitcoin whale comes back with BTC bought back in 2011 and 32,212,400% profit

ETHEREUM

Ether emerges as winner after crypto’s ‘watershed moment’: Bitwise (Cointelegraph) - A pro-crypto US government, near-insatiable institutional investor demand, and the chance for ETH staking ETFs made ETH a top performer last week.

Ethereum to Hit $10K and ‘Tear the Market a New Asshole.’ (Decrypt) - BitMEX founder Arthur Hayes now thinks that Ethereum will soar to $10,000 this year, doubling his previous projection. Here's why.

ALTCOINS

Ripple CEO Warns of Rising YouTube Scams Targeting XRP Community (BeInCrypto) - Fraudulent YouTube accounts promote a fake 100 million XRP reward event, tricking users into participating.

XRP price drops 19% but analysts say it’s a ‘healthy correction’ (Cointelegraph) - XRP price is down today due to overheated conditions, but analysts say it’s a normal market pullback that could precede a stronger rebound in the short term.

XRP dump: Ripple co-founder under fire for moving $175M XRP near highs (Cointelegraph) - Ripple’s Chris Larsen shifted 50 million XRP to exchanges just as prices peaked, sparking accusations of “dumping” tokens.

VOICES

MICHAEL SAYLOR: "If you're using Bitcoin right now, you're an early pioneer. If you keep it, you'll be insanely rich." 💰(@BTC_Archive)

JPMorgan: Crypto inflows have surged to $60 billion year to date amid regulatory push (The Block)

Scottie Pippen: NBA Legend Predicts XRP to $10 in 2026 (UToday)

Arthur Hayes: Reveals Year-End Price Targets for Bitcoin and Ethereum, Predicts Massive Unexpected ETH Bull Run (The Daily Hodl)

TWEETS

JUST IN: Galaxy CEO Mike Novogratz predicts $150,000 Bitcoin. “It feels like we’re going higher.” Hard to argue with that. 😁

JUST IN: Semler Scientific just bought another $21 million Bitcoin. Semler now holds 5,021 Bitcoin worth $594.9 million 🔥 (@BTC_Archive)

JUST IN: 🇬🇧 UK-based gold miner Nativo Resources plans to establish a Bitcoin treasury. From gold to digital gold. 🟧 (@BTC_Archive)

JUST IN: 🇯🇵 Japanese AI company Quantum plans to buy $356 million Bitcoin within the next 12 months. Gradually, then suddenly 🟧 (@BTC_Archive)

UPDATE: The US government still holds 198,000 BTC worth $23.5 BILLION. A recent FOIA request revealed only $3.4B, but Arkham confirms the remaining $20B is still held across multiple agency wallets. None of it has moved in 4 months. (@BTC_Archive)

Michael Saylor's STRATEGY leads all other corporations with 608,000 Bitcoin, more than the rest combined. 😅 (@BTC_Archive)

VIDEO OF THE DAY

PODCAST OF THE DAY

The ETH Treasury Race Has Officially Begun https://podcasts.apple.com/us/podcast/bankless/id1499409058?i=1000718837820

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Bitcoin Inspired
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