Tom Less is more than 1/3 of the way to his goal of owning 5% of ETH's circulating supply.

The crypto market is down today. Ten of the top 100 coins have seen increases over the past 24 hours. Moreover, the cryptocurrency market capitalization has decreased by 2.8% over the past day, now standing at $3.23 trillion, compared to Friday’s $3.37 trillion. The total crypto trading volume is at $161 billion, back to the typical levels. TL;DR: The crypto market has seen a notable drop over the weekend; BTC and ETH dropped around 1% over the past day each; At one point, BTC fell below the psychologically relevant $100,000 level; The probability of BTC ending 2025 above $200,000 has dropped to 3.5%; This is not over yet, analysts say, as market braces for instability; The market may experience additional hits. Crypto Winners & Losers All the top 10 coins per market cap are down today. Bitcoin (BTC) fell by 0.7%, now trading at $101,924, nearing the psychologically relevant $100,000 mark. This is also the smallest decrease in this category. Also, Ethereum (ETH) fell by 1%, changing hands at $2,251. This is the category’s second-smallest drop. XRP (XRP) saw the highest decrease in this category of 2.6% to the price of $2.02. Moreover, ten of the top 100 coins saw their prices increase in the same period. The best performer is Story (IP) , with the only double-digit increase of 11.6% to $3.06. At the same time, Filecoin (FIL) fell the most, followed by Toncoin (TON) . They’re down 3.9% and 3.8% to $2.12 and $2.75, respectively. Speaking of XRP, Bloomberg analysts recently placed the odds of an XRP spot ETF approval at 95% . The timing of these approvals/launches is more uncertain. Could be something we're talking about in the next month or two. Or it could be something that waits until October or later. Matter of when not if For Bloomberg clients, the note can be read here: https://t.co/PBdquFWPVn — James Seyffart (@JSeyff) June 20, 2025 Meanwhile, recent geopolitical shocks triggered immediate market reactions . Investors began moving into traditional safe-haven assets like gold and the US dollar. Bitcoin sold off all day & made up more than half of its losses in the last 30 minutes. Trump's announcement of direct US involvement in the Middle East marked the local bottom. pic.twitter.com/02Uxuqe21d — Joe Consorti ⚡️ (@JoeConsorti) June 22, 2025 This Isn’t Over: Market Braces for Instability Dr. Sean Dawson, Head of Research at decentralized onchain options AI-powered platform, Derive.xyz , commented that the surge in short-term implied volatility (IV) confirms the market is bracing for more instability. Volatility markets are telling us this isn’t over. “Amid mounting geopolitical pressure, we’re seeing classic risk-off behavior with falling prices, spiking volatility, and a pullback in upside positioning,” Dawson says. At one point, BTC has pulled back from $104,300 to $100,300. At the same time, there was also spike in short-term implied volatility by 10% to 45%. This happened as traders began pricing in fresh risk. Moreover, ETH plunged nearly 14% from $2,550 to $2,200, along with a 15-point jump in 7-day IV to 83%. This reflects increased downside hedging and uncertainty, Dawson says. “Ethereum’s double-digit loss and volatility spike to 83% show just how fast risk can unravel when leverage is high,” he adds. Source: Derive.xyz, Amberdata Without a clear de-escalation trigger, the company expects more cautious positioning and subdued momentum in the month ahead, the Head of Research notes. Dawson notes that the BTC options market is currently “scaling back on optimism.” The probability of BTC ending 2025 above $200,000 has dropped to 3.5%. The chance of it surpassing $150,000 in that same period fell to 11%. “Bulls are losing conviction as geopolitical risk and macro headwinds overshadow halving optimism and ETF flows.” At the same time, the likelihood of BTC closing below $80,000 remains unchanged at 20%. All these percentages “show the options market leaning defensive. Traders aren’t betting big on upside right now.” Levels & Events to Watch Next At the time of writing, BTC trades at $101,924. At one point over the past day, the coin saw a sharp drop from the intraday high $102,739 and below the psychologically critical $100,000 mark to $98,467. It has recovered somewhat since. Over the past 7 days, we have seen a decrease of 4.5% from the intraweek high of $108,771. Bitcoin Price Chart. Source: TradingView At the same time, Ethereum is currently trading at $2,251. The price saw a daily high of $2,280, falling to $2,134, before rising slightly to the current price. Over the past week, ETH fell 13.7% from the weekly high of $2,671. Moreover, the crypto market sentiment has entered fear territory. The Fear and Greed Index has dropped from 48 on Friday and 40 on Sunday to the current 37 . Now, fear is driving the prices potentially pushing them lower. But it can also present a chance to buy the dip. Source: CoinMarketCap Meanwhile, on 20 June, US BTC spot exchange-traded funds (ETFs) until later today saw only $6.37 million in inflows. While BlackRock saw an inflow of $46.91 million, Fidelity recorded an outflow of $40.55 million. Source: SoSoValue On the same day, US ETH ETFs saw outflows of $11.34 million , breaking another streak. BlackRock leads this amount with a loss of $19.71 million, while Grayscale and VanEck took in $6.6 million and 1.77 million, respectively. Source: SoSoValue Tokyo-listed investment firm Metaplanet bought an additional 1,111 BTC for $118.2 million, amid the price dip. The company now holds 11,111 BTC on its balance sheet, valued at over $1.07 billion. On the other hand, Cathie Wood’s ARK Invest offloaded $146.2 million worth of Circle (CRCL) shares on Friday. Here are the current top 15 largest holdings in Cathie Wood and Ark Invest's $ARKK ETF 🥇 Tesla $TSLA – 10.15% 🥈 Coinbase $COIN – 8.31% 🥉 Circle $CRCL – 7.84% pic.twitter.com/SBQcYUqIip — ETF Tracker (@TheETFTracker) June 20, 2025 Quick FAQ Why did crypto move against stocks today? The crypto market has seen a significant drop in a day, while the stock markets saw a mixed picture on their last day of trading. The S&P 500 went down by 0.22%, the Nasdaq-100 decreased by 0.43%, and the Dow Jones Industrial Average rose by 0.083%. Investors were on edge over the Israel-Iran war and the US’s potential role. They were then surprised by the US attacks on Iran on Saturday, and this is bound to reflect on the stock market. Is this dip sustainable? Given the current geopolitical and economic developments, the prices may decrease further. Bitcoin may fall below $100,000 and ETH below $2,100.

BitcoinWorld Strive Bitcoin Buys: Unveiling a Massive $950M Capital Plan for Growth Strive, following its merger with Asset Entity, is making headlines with a monumental announcement: a massive $950 million capital plan. This bold financial strategy is specifically designed to fund substantial Strive Bitcoin buys, signaling a clear and ambitious direction for the company in the dynamic cryptocurrency market. This move isn’t just about acquiring digital assets; it’s a strategic play to enhance shareholder value and solidify Strive’s position. What’s Behind Strive’s Ambitious $950M Capital Plan? The newly formed company, with its finalized board of directors, has outlined a comprehensive capital strategy that focuses on two key initiatives. These initiatives are carefully structured to maximize the impact on the company’s Bitcoin holdings and, consequently, its value per share. $450 Million At-The-Market (ATM) Share Offering: This program allows Strive to issue new shares into the market over time, providing flexibility in raising capital. $500 Million Stock Repurchase Program: Through this initiative, Strive plans to buy back its own shares from the open market. Together, these programs aim to strategically increase the value of Bitcoin per share for the company. This isn’t the first time Strive’s intentions regarding Bitcoin have surfaced; Bitcoin World previously reported that Strive’s CEO had indicated the firm would purchase over $700 million in BTC following the merger. The current $950 million plan significantly surpasses that initial figure, demonstrating even greater commitment. How Will These Initiatives Drive Significant Strive Bitcoin Buys? The combination of an ATM offering and a stock repurchase program provides a dual approach to increasing Bitcoin exposure and shareholder value. The ATM offering enables Strive to raise capital efficiently, which can then be allocated towards purchasing Bitcoin. Furthermore, the stock repurchase program reduces the total number of outstanding shares. Consequently, as the number of shares decreases, the proportional value of the company’s existing Bitcoin holdings per remaining share theoretically increases. This strategic financial engineering highlights Strive’s confidence in Bitcoin as a long-term store of value and a crucial component of its future growth. The goal is clear: to enhance the intrinsic value for investors by directly linking it to the performance and accumulation of Bitcoin. Therefore, these initiatives are not merely financial transactions but fundamental pillars supporting Strive’s long-term vision in the digital asset space. Strive’s Strategic Vision: More Than Just Acquiring Bitcoin Strive’s capital plan is more than just a large sum of money; it represents a profound strategic commitment. By focusing on increasing Bitcoin per share, the company explicitly ties its success to the performance of the leading cryptocurrency. This approach positions Strive as a forward-thinking entity, ready to capitalize on the evolving digital economy. The merger that formed Strive, bringing together Asset Entity and Strive, was likely intended to create a more robust platform for such ambitious undertakings. The consolidation of resources and expertise has evidently paved the way for this significant capital allocation. Moreover, the move could inspire other traditional companies to explore similar strategies for integrating digital assets into their balance sheets, recognizing Bitcoin’s growing importance. What Are the Broader Implications of Strive’s Substantial Bitcoin Buys? Such a significant capital plan from a newly merged entity sends a strong signal to the market. Firstly, it underscores the increasing institutional confidence in Bitcoin. When companies like Strive commit nearly a billion dollars to Bitcoin-related strategies, it legitimizes the asset further in the eyes of mainstream investors and corporations. Secondly, these substantial Strive Bitcoin buys could have a ripple effect. They might influence market sentiment positively, potentially contributing to increased demand and price stability for Bitcoin. Furthermore, the transparency of Strive’s plan, detailing how capital will be raised and utilized, provides a model for other firms considering similar ventures. This strategic clarity helps build trust and demonstrates a sophisticated understanding of both traditional finance and the cryptocurrency landscape. In conclusion, Strive’s announcement of a $950 million capital plan to fund Bitcoin buys marks a pivotal moment for the company and potentially for the broader crypto market. By leveraging an ATM share offering and a stock repurchase program, Strive aims to significantly increase the value of Bitcoin per share, reinforcing its strategic commitment to digital assets. This bold move highlights growing institutional adoption and sets a compelling precedent for future corporate engagement with Bitcoin. Frequently Asked Questions (FAQs) Q1: What is Strive’s $950M capital plan?A1: Strive’s $950 million capital plan involves a $450 million at-the-market (ATM) share offering and a $500 million stock repurchase program, both designed to fund Bitcoin acquisitions and increase Bitcoin value per share. Q2: How will this plan impact Strive’s Bitcoin holdings?A2: The plan is specifically aimed at increasing Strive’s Bitcoin holdings. The capital raised from the ATM offering will be used for Bitcoin buys, and the stock repurchase program will enhance the value of Bitcoin per remaining share. Q3: What is an ATM share offering and a stock repurchase program?A3: An At-The-Market (ATM) share offering allows a company to sell new shares over time directly into the existing market. A stock repurchase program involves a company buying back its own shares from the open market, which can reduce outstanding shares and potentially increase earnings per share. Q4: Why is Strive focusing on increasing Bitcoin per share value?A4: Strive aims to increase Bitcoin per share value to enhance shareholder returns and demonstrate its strategic commitment to Bitcoin as a core asset. This aligns the company’s growth directly with the performance of the leading cryptocurrency. Q5: When will Strive execute these Bitcoin buys?A5: The article indicates that the $450 million ATM share offering and $500 million stock repurchase program are initiatives that Strive plans to execute, implying these Bitcoin buys will occur as part of this ongoing capital plan. If you found this article insightful, consider sharing it with your network! Your support helps us continue to provide timely and relevant cryptocurrency news and analysis. Share on X (Twitter), Facebook, or LinkedIn to spread the word about Strive’s strategic move! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Strive Bitcoin Buys: Unveiling a Massive $950M Capital Plan for Growth first appeared on BitcoinWorld.