Strategy to Surpass Satoshi in Bitcoin Holdings Within 2 Years, Predicts Galaxy Head of Research Alex Thorn
U.Today·60-word summary·1 min read
Galaxy Research's Alex Thorn predicts that MicroStrategy (MSTR), which now holds more Bitcoin than BlackRock's IBIT, will surpass Satoshi Nakamoto’s 1.1 million BTC holdings by late 2026. This marks a significant milestone in institutional Bitcoin accumulation, with MicroStrategy leading the charge in surpassing Nakamoto’s original holdings within the next two years.
Crypto sentiment improved as Bitcoin neared a key threshold, sparking a market rebound. The Fear & Greed index confirmed a shift from fear to optimism, but analysts warn this may be a short-term bounce amid ongoing volatility. The market remains cautious despite the positive signals, with Bitcoin's movement closely watched by investors.
Bitmine has invested $320 million in Ethereum staking, marking a strategic shift away from Bitcoin mining. This move, announced in April 2026, could impact market dynamics and signal changing investment trends within the crypto space. The company’s pivot highlights a growing focus on Ethereum’s proof-of-stake network over traditional Bitcoin mining.
Fold launched a Bitcoin Bonus Program via its Fold Business platform, allowing employers to give bitcoin-denominated bonuses that are automatically converted, custodied, and vested without changing payroll systems. This new feature aims to simplify crypto rewards for companies, expanding the use of bitcoin in employee compensation and incentivizing broader adoption of digital assets in payroll.
Bitcoin fell from its $79,500 peak to around $78,000 on April 23, marking a 1.2% decline and the first 24-hour loss in days. The drop resulted in a $10 billion decrease in market capitalization. The retreat comes amid rising tensions in Middle East economic affairs, impacting investor sentiment and Bitcoin’s price stability.
South Africa’s proposed 2026 capital flow regulations mandate travelers to declare cryptocurrency or face up to five years in prison. The draft rules give authorities broad powers to search devices for Bitcoin and other digital assets, reflecting an aggressive stance on crypto regulation. The new laws aim to control capital movement but raise concerns over privacy and enforcement.
XRP's price stayed near $1.40 and may retest $1.50, amid positive signals from Bitcoin above $78,000 and Ethereum. Despite geopolitical issues, cryptocurrencies show upside potential. XRP's movement is driven by broader market trends, with traders watching key resistance levels. The market sentiment remains cautiously optimistic as XRP positions for a potential rally.
