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Главный инвестиционный директор фонда Miller Value Partners Билл Миллер (Bill Miller) заявил в интервью CNBC, что биткоин может показать новый исторический максимум в этом году. Причина — принятие криптовалюты Уолл-стрит.

Bitcoin’s roughly 5% jump on Jan. 5 landed on a clean, TV-friendly explanation: a shock political turn in Venezuela would “unlock” oil supply, push energy prices down, cool inflation, bring rate cuts forward, and lift BTC. Bitwise Head of Research Ryan Rasmussen says there’s a major flaw with that.

The catalyst for the narrative was Venezuela’s weekend drama, culminating in Nicolás Maduro’s capture and transfer into US custody, an episode that immediately spilled into geopolitics, commodities chatter, and macro cross-asset takes.

Rasmussen, posting in a thread on X, summarized the “Wall Street theory” as follows: “Venezuela oil reserves unlocked >> lower oil prices >> lower inflation >> interest rates >> bitcoin rallies. A thread on why that’s wrong.”

Why This Bitcoin Theory Is Wrong

Rasmussen’s central point is mechanical: if the rally is being driven by a sudden repricing of monetary policy expectations, it should show up in the probabilities traders are assigning to rate cuts. In his read, it didn’t.

He cited a slight dip in the implied odds of a 25 basis-point cut in January 2026 immediately after the Venezuela headlines. “Probability of a 25bps Rate Cut in Jan’26: Prior to Maduro’s Capture: 16.6%. After Maduro’s Capture: 16.1%,” Rasmussen wrote, adding that “the probability of a 25bps rate cut this month actually fell.”

Even further out, he argued, the change was marginal to nonexistent. “Probability of a 25bps Rate Cut in Dec’26: Prior to Maduro’s Capture: 19.1%. After Maduro’s Capture: 19.2%,” he wrote, framing it as “barely moved.” That’s the mismatch Rasmussen wants investors to notice: a tidy causal story was making the rounds, but the pricing in the instrument closest to that story, rate expectations, was effectively unchanged.

If not a Venezuela-to-Fed chain reaction, what explains the day’s BTC strength? Rasmussen pointed to a cluster of themes that have been building without needing a weekend headline to justify them.

First is institutional demand. Rasmussen argued that the post-2024 spot bitcoin ETF channel continues to widen, with more major platforms beginning to allocate. He cited an example of “+$500m into bitcoin ETFs on Jan. 2nd,” and named Morgan Stanley, Wells Fargo, and Merrill Lynch as part of the distribution wave which have opened their door with the beginning of the year.

Second is the regulatory backdrop. Rasmussen described a “pro-crypto regulatory shift” following the 2024 election, saying crypto markets are beginning to “feel the benefits” as wealth managers, endowments, pensions, and sovereigns get more comfortable adopting bitcoin.

Third is a broader risk-on tone tied to AI. In Rasmussen’s framing, “fears of an AI-bubble are settling,” and investors have been “piling into risk-on assets, like tech stocks and bitcoin.”

Finally, he returned to policy, just not via Venezuela. “Did Maduro’s capture materially change short-term rate cut expectations? No. Does that mean QE is out of the picture. Also no,” Rasmussen wrote, before adding: “QE is just beginning. The market was—and still is—expecting 50bps (or more) rate cuts in 2026.”

Overall, Rasmussen did not argue Venezuela is irrelevant. His conclusion was narrower: “Yes. Somewhat,” he wrote when asked whether the weekend’s events matter for bitcoin, before answering the bigger question whether it’s the main reason for the +5% move with a flat “No. Zoom Out.”

At press time, BTC traded at $93,750.

Выход американских компаний на нефтяной рынок Венесуэлы способен снизить цены на электроэнергию для майнеров биткоина, считают эксперты биржи Bitfinex. По их мнению, более дешевое и доступное электричество улучшит показатели прибыльности майнеров по всему миру.

С середины декабря крупные инвесторы накопили биткоинов на $5,3 млрд, а розничные трейдеры фиксировали прибыль. Это бычий сигнал, ведущий к росту курса первой криптовалюты, рассказали эксперты компании Santiment.

Семь крупнейших финансовых ассоциаций Китая выпустили совместное предупреждение о рисках, связанных с незаконной деятельностью в сфере виртуальных валют. Его подписали Национальная ассоциация интернет‑финансов Китая, Ассоциация банков, Ассоциация ценных бумаг, Ассоциация управления активами, Ассоциация фьючерсов, Ассоциация листинговых компаний и Ассоциация платежей и клиринга.

BitMine Immersion Technologies bought 32,977 Ethereum (ETH) in a move that grabbed investor attention and pushed its stock higher. The purchase was reported to be part of the company’s recent accumulation of crypto assets during the final week of 2025. BMNR shares rallied as traders reacted to the disclosure, with early session gains seen on US exchanges.

Fresh 32,977 Ethereum

According to a press release, BitMine now holds about 4.143 million ETH on its balance sheet. That amount was given as roughly 3.43% of the circulating supply, a large stake for a publicly traded miner.

The company’s total crypto, cash, and strategic investments were reported at about $14.2 billion. The fresh buy of 32,977 Ether adds scale to a position that is already substantial and has been built up over several months.

Staking And Treasury Numbers

Roughly 659,219 ETH in BitMine’s portfolio is currently staked. That portion is being used to generate yield while the firm holds the rest in custody, reports said. Company plans that were disclosed include expanding its validator operations under a program named the Made In America Validator Network, an initiative the firm expects to push forward in early 2026. The staking figure and the new purchase together show BitMine is balancing liquid holdings with income-producing assets.

Market Reaction And Upcoming Shareholder Vote

Market moves were quick. BMNR saw notable trading volume after the announcement, and pre-market figures showed gains around 4% in some sessions. Traders and institutional desks flagged the purchase as a reason for higher demand in the stock, while others said the move simply confirms that large players still see value in holding ETH.

The firm is also set to hold its Annual Stockholder Meeting on January 15, 2026, where proposals including an increase in authorized shares will be put to a vote. That meeting adds a corporate governance angle to the market story, since shareholders will weigh both the crypto strategy and broader capital plans.

Analysts say the next signals to watch are: daily flow in ETH markets, any fresh disclosures from BitMine about further buys, and volume patterns in BMNR trading. Reports indicate the company has been one of the larger active ETH buyers recently, and continued accumulation could keep interest alive among investors.

Price action in both ETH and BMNR will likely drive headlines over the coming weeks as markets digest the full impact of the new holdings.

Featured image from Unsplash, chart from TradingView

Strategy has announced expansions to both its Bitcoin (BTC) and US Dollar (USD) reserves. Here’s how much the treasury firm has added to each.

Strategy Has Increased Both Its Bitcoin & USD Treasuries

As revealed in an X post by co-founder and chairman Michael Saylor, Strategy has added 1,287 BTC to its Bitcoin treasury. In total, this acquisition cost the company $116.3 million, according to the filing with the US Securities and Exchange Commission (SEC).

Strategy didn’t buy all of this stack in 2026; it purchased 3 BTC between December 29th and 31st, and 1,283 BTC between January 1st and 4th. After these additions, the firm’s Bitcoin reserves have grown to 673,783 tokens.

The BTC acquisition isn’t all that Saylor has announced. At the start of last month, the company started a new USD reserve as a way of making sure that dividend payments occur in time regardless of short-term volatility in the market. It has just made another expansion to this reserve.

Initially, the firm allocated $1.44 billion to the USD reserve, with a $748 million addition coming a couple of weeks ago. Now, it has raised it further by $62 million, taking the total to $2.25 billion. Strategy has funded this expansion and the latest BTC purchase using sales of its MSTR at-the-market (ATM) stock offering.

Strategy is currently by far the largest corporate holder of Bitcoin in the world, as the below table from BitcoinTreasuries.net shows.

The company’s 673,783 BTC stack is today worth $63.48 billion, more than 25% above its cost basis of $50.55 billion. Though, while Strategy has done well overall, 2025 wasn’t such a bright year for it.

The SEC filing states that the treasury firm closed December 31st with an unrealized loss of $5.40 billion on its digital asset holdings. The figure for the fourth quarter alone is even worse: an unrealized loss of $17.44 billion.

The bad 2025 is naturally a result of the bearish price action that Bitcoin and the wider digital asset sector faced between October and November. Nonetheless, Strategy still hasn’t sold any coins and its recent purchases suggest it’s committed to growing the treasury further for now.

In some other news, the Bitcoin spot exchange-traded funds (ETFs) saw the highest amount of net inflows since October last week.

Spot ETFs are financial instruments that allow investors to gain indirect exposure to BTC’s price movements. That is, they allow traders a route into the cryptocurrency that’s off-chain. Some traditional investors and institutional entities prefer to invest into the asset this way.

Much like the spot on-chain demand, spot ETFs have also faced weak netflows since October, but last week diverged from the recent trend with net inflows of $458.77 million.

BTC Price

At the time of writing, Bitcoin is floating around $94,200, up 8% over the last seven days.