Market Snapshot
As of July 2, Bitcoin (BTC) trades around $106,900**, with Ethereum (ETH) at **$2,440 and Solana (SOL) at $149**. The global crypto market cap stands at **$3.41 trillion, while Bitcoin’s dominance hovers at 65.4%.
Top Stories
1. Physical Bitcoin from 2012 Cashed Out at 2,000,000% Gain
A Casascius bar containing 100 BTC—purchased for $500** in 2012—was recently redeemed for over **$10 million, marking a near 2,000,000% return after 13 years.
Key Details:
- Origin: Collectible physical BTC bars by Casascius, popular among early adopters.
- Current Status: ~18,000 Casascius coins remain unspent (per blockchain trackers).
- Historical Context: Over 10,000 such coins have been cashed out since 2011.
👉 How early Bitcoin investors turned $500 into millions
2. Strategy Inc. Poised for S&P 500 Inclusion
Strategy Inc., a major Bitcoin holder, is likely to meet S&P 500’s profitability criteria after reporting:
Financial Highlights (Q2 2025 Projections):
- Net Income: $11B+ (driven by fair-value accounting for BTC holdings).
- Unrealized Gains: Up to $14B from Bitcoin appreciation.
- Milestone: Expected to satisfy the "four consecutive profitable quarters" requirement for S&P 500.
3. Figma Discloses $70M Bitcoin ETF Investment
Figma revealed in its IPO filing:
Bitcoin Holdings:
- $69.5M in Bitwise’s Bitcoin ETF (BITB).
- Additional Plans: $30M more allocated for BTC investments.
- Portfolio Impact: BTC comprises 4% of Figma’s liquid assets.
Performance:
- 27% ROI since March 2024 purchase.
FAQs
Q: How did the Casascius bar appreciate so much?
A: The 100 BTC it contained grew from ~$5/BTC in 2012 to ~$107K/BTC today—compounding scarcity and adoption.
Q: Why is Strategy Inc.’s S&P 500 inclusion significant?
A: It signals institutional acceptance of crypto-heavy balance sheets and may attract traditional investors.
Q: Is Figma’s Bitcoin investment risky?
A: While volatile, BTC’s 4% allocation aligns with corporate treasury diversification trends (e.g., MicroStrategy).
👉 Explore corporate Bitcoin strategies
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