A Bitcoin whale threw down a $54.5 million bet on Bitcoin with 20x leverage — and it’s already paying off. The move helped drive BTC past $108K, with analysts now predicting a new Bitcoin all-time high within weeks.
On June 9, a freshly created wallet — tagged 0x1f25 — funded itself with $10 million in USDC and immediately opened a 511.5 BTC position on Hyperliquid, an increasingly popular decentralized exchange known for degens with deep pockets and high pain tolerance.
The trade? A 20x leveraged long on BTC at $106,538.
That means the trader is risking total liquidation at $88,141 — but if BTC keeps climbing, the payoff could be exponential. At $108K, they’re already up $11K on paper. Not life-changing, but it’s just the opening act.
Crypto sleuths suspect the wallet belongs to James Wynn, a notorious high-stakes trader with a mixed record. Wynn recently got wrecked for over $120 million in leveraged longs as BTC dipped below $105K in late May and early June. But if this is Wynn, it looks like he’s back at the casino table — and he’s doubled down.
Macro Tailwinds: BTC, Stocks, and Gold March in Sync
Bitcoin’s rally isn’t happening in a vacuum. Global markets are catching a risk-on bid, powered by two major themes: easing U.S.–China tensions and bullish equity forecasts.
Trade talks kicked off in London this week, with murmurs that the U.S. might loosen tech export restrictions if China opens up its rare earth supply. In macro-speak, that’s bullish détente. Equities liked it. Gold liked it. Bitcoin really liked it.
JPMorgan and Citigroup just bumped their S&P 500 year-end targets, citing improved economic data and geopolitical thaw. Goldman’s David Kostin even dropped the phrase “optimistic growth outlook” — a sure sign Wall Street is back on the dopamine drip.
Since then, digital assets have added nearly $200 billion in market cap. Bitcoin is leading the charge.
Bitcoin rallied to $108,698 on Monday night, Source: BNC Bitcoin Liquid Index
Strategy Buys Another $110M in Bitcoin — Now Holds 582,000 BTC as Corporate Arms Race Escalates
Michael Saylor’s Bitcoin beast just added another 1,045 BTC to its already monstrous hoard — spending $110.2 million at an average price of $105,426 per coin. The move brings Strategy’s total holdings to a staggering 582,000 BTC, worth over $63 billion at current prices.
That’s not a typo. One company now controls nearly 3% of Bitcoin’s entire circulating supply — and they’re still buying.
Strategy has acquired 1,045 BTC for ~$110.2 million at ~$105,426 per bitcoin, Source: X
In a fresh SEC filing published Monday, Strategy confirmed the latest buy. The timing? Impeccable, depending on your worldview. With Bitcoin hovering near its all-time high of ~$112K, most investors would be cautious. Strategy? Full send.
Michael Saylor, executive chairman and Bitcoin maximalist-in-chief, teased the purchase back on June 8 — marking the ninth consecutive week of BTC accumulation. This is no casual dollar-cost average. It’s a corporate treasure hunt with laser eyes.
At current prices, the firm’s average buy-in across all 582,000 BTC is ~$70,086 — meaning they’re up billions on paper, and Saylor gets to tweet in all caps again.
From Enterprise Software to Financial Apex Predator
Let’s remember: Strategy (f.k.a. MicroStrategy) wasn’t always a crypto juggernaut. In August 2020, it dipped its toes into the Bitcoin waters with a $250M purchase of 21,454 BTC. That decision morphed the company from a sleepy enterprise analytics vendor into a proxy Bitcoin ETF with cult-leader branding.
Fast forward to today: Strategy has a market cap of $104.6 billion — up from $1.2 billion before going full Satoshi. This pivot didn’t just 100x the stock. It sparked a movement.
This latest BTC buy was funded, in part, by Strategy’s $1 billion preferred stock offering. That’s 11.76 million shares of 10% yield-paying, Series A “Stride” stock — non-cumulative, but designed to entice institutions hunting yield with a side of crypto exposure.
The offering dwarfed its original $250 million announcement, quadrupling the raise and sending a clear message: “We’re not done stacking.”
After fees and underwriting costs, Strategy expects to net ~$979 million. Don’t be surprised if another BTC announcement drops next week.
Everyone Wants to Be the Next Strategy
Strategy’s playbook has gone global. Metaplanet — dubbed “Japan’s MicroStrategy” — just executed its own BTC buying spree, recently becoming the 8th-largest corporate Bitcoin holder. Its bold pivot to Bitcoin has lit up its stock, and local investors can’t get enough.
Elsewhere, French firm The Blockchain Group snagged 580 BTC late last year — its stock jumped 225% on the news. Norway’s NBX? A 138% spike in a single day after announcing its intent to HODL Bitcoin.
The trend is clear: corporate treasuries are starting to see BTC as a strategic reserve asset, not just a speculative gamble.
Strategy now controls over $63 billion in Bitcoin, and they’re just getting warmed up. While traditional investors worry about timing the top, Strategy is busy redefining it.
Saylor’s bet isn’t just that Bitcoin goes higher — it’s that fiat goes lower, institutional adoption accelerates, and holding BTC on your balance sheet becomes as standard as holding cash once was.
