Bitcoin could rally well above $100,000 this year, according to Strategy (NASDAQ: MSTR) CEO Michal Saylor, whose company just bought another $555.8 million worth of the digital currency. That now brings Strategy’s Bitcoin holdings to 538,200 Bitcoin as of April 20. Using Bitcoin’s current price of $93,783, Strategy’s Bitcoin position is now valued at about $50.4 billion. That’s not only bullish for MSTR, but for other companies with growing stakes in Bitcoin including Nuvve Holding Corp. (NASDAQ: NVVE), CleanSpark (NASDAQ: CLSK), Marathon Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT).
Even better, according to Binance CEO Richard Teng, America’s embrace of digital assets under President Trump, including the launch of a strategic Bitcoin reserve is a massive bullish catalyst for the whole industry. “President Trump came in very pro-crypto, came in and introduced a strategic reserve for the US and crypto, I think that’s a very landmark issue on that front. And he has appointed many smart administrators to the respective [regulatory] agencies, and he has the Senate and the House behind him with very pro-crypto legislators. So we are very bullish on that front. So long-term drivers are strong,” he said, as quoted by Dailyhodl.com.
Look at Nuvve Holding Corp. (NASDAQ: NVVE), For Example
Nuvve Holding Corp., a leader in grid modernization and vehicle-to-grid (V2G) technology, today announced a new wholly owned subsidiary dedicated to building a cryptocurrency digital treasury along with cash flowing blockchain opportunities as part of a long-term strategic digital asset initiative.
The new entity, Nuvve-Crypto, (www.nuvve-crypto.com) will build a diversified cryptocurrency portfolio designed to generate long-term growth and maximize shareholder value. As part of this initiative, Nuvve has announced an initial participation in Bitcoin through ETF based on cash surplus and is now actively pursuing additional opportunities in cryptocurrencies, blockchain platforms, and fintech mergers and acquisitions.
"Bitcoin is no longer an experiment. It is an unstoppable force and we will not sit on the sidelines while the next financial revolution unfolds,” said Gregory Poilasne, cofounder and CEO of Nuvve. “Companies that have leveraged Bitcoin and crypto early are winning, and we plan to be one of them. Anchoring our portfolio with Bitcoin gives us a solid foundation, but we’re moving beyond that, investing aggressively into a new wave of digital assets with massive upside potential that represent the future of global financial markets. With a supportive political environment and Wall Street waking up to the opportunity, now is the time to act. We aren’t just creating a digital treasury, we’re redefining it."
The Company’s crypto portfolio strategy will be anchored with at least a 50% allocation to Bitcoin, while the remaining 50% will be allocated to other leading digital assets such as Ethereum, Solana, Aave, Chainlink, Avalanche, and other select cryptocurrencies. Future holdings and updates will be made publicly available for transparency.
Nuvve's Board of Directors and management team unanimously approved the move, aligning with the company’s evolving growth strategy to embrace emerging digital financial assets and blockchain innovation.
Establishing this new subsidiary marks a significant milestone in Nuvve's diversification strategy, positioning the company to participate in the high-growth digital asset economy while continuing to drive innovation in grid modernization and V2G technologies.
Other related developments from around the markets include:
Strategy, the largest corporate holder of bitcoin and the world’s first Bitcoin Treasury Company, today announced it will report its financial results for the first quarter of 2025 after the U.S. financial markets close on Thursday, May 1, 2025 and will host a live Video Webinar at 5:00 p.m. Eastern Time to discuss the results. A live Video Webinar of the event can be accessed under the “Events and Presentations” section of Strategy’s investor relations website at https://www.strategy.com/investor-relations.
CleanSpark, America's Bitcoin Miner announced it has expanded its capital strategy to include an increase in its credit facility with Coinbase Prime to $200 million. Additionally, the Company's Digital Asset Management team has officially launched its institutional grade Bitcoin treasury desk. The team completed partner selections after running a competitive and thorough RFP and due diligence process across four product lines — borrowing, lending, custody, and derivatives — to support the Company's risk management and Bitcoin treasury optimization strategy. "We are proud to expand our relationship with Coinbase through their Bitcoin-collateralized lending program as part of our broader strategic approach to capital management," said Zach Bradford, CEO of CleanSpark. "Our capital strategy has matured significantly, enabling us to pursue non-dilutive funding options that support both our operations and long-term growth. CleanSpark is among a select few in our industry to have achieved escape velocity — the ability to self-fund operations, augment our bitcointreasury, and contribute to expansion capital through operational cash flow."
Marathon Holdings, a global leader in leveraging digital asset compute to support energy transformation, published unaudited bitcoin production updates for March 2025. “In March, our production saw a 17% month-over-month increase in blocks won, even as global hashrate and mining difficulty grew," said Fred Thiel, MARA's chairman and CEO. "Our bitcoin holdings surpassed 47,000 BTC during March and the 242 blocks mined were the third most in a month on record. MARAPool is the only self-owned and operated mining pool among public miners, offering distinctive control and efficiency. Operating our own pool means no fees to external operators, higher earnings and superior performance. MARA Pool’s luck factor has exceeded the network average by over 10% since launch, meaning more blocks mined and higher rewards. Energized hashrate grew 1% over February and we expect to finish construction of our 40-megawatt data center in Ohio by the end of April. We will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation."
Riot Platforms, an industry leader in vertically integrated Bitcoin mining, announces unaudited production and operations updates for March 2025. “Riot mined 533 Bitcoin in March, which represents a new post-halving production high for the Company,” said Jason Les, CEO of Riot. “The operational improvements our onsite teams have made are demonstrating results in both operating hash rate growth and bitcoin production, despite increases in the network difficulty. During March, Altman Solon, a leading consultant to the data center industry, completed its feasibility study in relation to the 600 MW of available capacity at our Corsicana Facility for AI/HPC uses. I’m pleased to report the study highlighted several factors which make the Corsicana site an attractive asset to serve potential AI/HPC tenants looking to accelerate their time to market. Some of the attributes of our Corsicana Facility for AI/HPC use identified in the report included 1.0 GW of secured power, its location in close proximity to Dallas, developable land acreage, and presence of fiber and water onsite. The report also identified the potential to serve both inference AI and cloud type workloads to potential tenants, further strengthening the potential market demand for, and value of, our Corsicana Facility as an AI/HPC data center. We look forward to providing additional updates as we work to continue aggressively developing the available capacity at the Corsicana Facility for these uses.”
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