Sitting on paper losses exceeding $14 billion, Michael Saylor&#8217;s Strategy 
didn&#8217;t slow down last week. The company spent roughly $1 billion buying more 
Bitcoin — its latest move in a relentless accumulation run that has now 
brought its total stash to 780,897 BTC. Related Reading: TRUMP Buying Frenzy 
Builds Ahead Of Mar-A-Lago Power Event A Purchase Funded By Preferred Shares 
That $1 billion didn&#8217;t come from operating cash. Strategy raised the money by 
selling 10 million shares of STRC, its perpetual preferred equity. Data shows 
the sale generated about $1 billion in net proceeds — and it was no small 
transaction. According to reports, STRC recorded its second-largest weekly 
issuance on record, coming in at nearly three times the four-week average. The 
surge followed a rule change Strategy made in early March that loosened 
restrictions on STRC share sales. No shares of MSTR, STRK, STRF, or STRD were 
sold during the same period. The 13,927 Bitcoin acquired between April 6 and 
12 were purchased at an average price of $71,902 per coin. That figure sits 
below the company&#8217;s overall average buy price of $75,577 — meaning last week&#8217;s 
batch technically brought the cost basis down, not up. A Milestone Within 
Reach Strategy now needs just 19,103 more Bitcoin to cross the 800,000 BTC 
mark. Reports indicate the company has already bought more than 107,000 BTC in 
2026 alone. All told, its holdings were acquired for a combined $59 billion — 
a figure that underscores just how deep the company is committed to this 
position. The purchase came during a volatile stretch for Bitcoin prices. The 
market briefly climbed past $73,000 early last week after news broke of a US- 
Iran ceasefire. That rally didn&#8217;t hold. Weekend negotiations fell apart, and 
an announcement of a naval blockade on April 13 pulled Bitcoin back toward 
$71,000. Strategy’s buying was among the signals backing the earlier rally, 
Nomura’s Laser Digital said, on top of solid inflows into spot Bitcoin 
exchange-traded funds, which took in $786 million over the same period. 
Related Reading: Forget XRP Forecasts: The ‘Delusional’ Crowd Could Have The 
Last Laugh Big Losses, Bigger Bets The backdrop to all of this is a balance 
sheet carrying $14.6 billion in unrealized losses on digital assets — a figure 
Strategy disclosed for the first quarter of 2026. That number reflects how far 
Bitcoin&#8217;s price has fallen from the highs at which much of the company&#8217;s 
holdings were acquired. Still, the buying continues. SEC filings confirm the 
latest purchase was formally disclosed Monday in an 8-K report. There is no 
indication from the company of any plan to pause or reverse course. With fewer 
than 20,000 BTC separating Strategy from the 800,000 milestone, the next 
purchase announcement may not be far off. Featured image from Vecteezy, chart 
from TradingView

Bitcoin Giant Strategy Adds 13,927 BTC, Targets 800K Mark

The launch of Foundry Zcash Pool has cut ViaBTC’s mining pool hashrate 
dominance from around 65% to 37%.

Foundry launches Zcash mining pool, notches 29% hashrate in first month

JD Vance entered the vice presidency with a modest net positive approval 
rating and has since watched it fall 21 points in roughly 15 months. Key 
Takeaways: JD Vance’s net job approval dropped 21 points from January 2025 to 
April 2026, per CNN polling data. Polymarket’s 2028 presidential market hit 
$521.6M in volume, with Vance […]

2028 Election Prediction Markets: JD Vance Leads Despite VP’s Historic Approval Low

Ethereum has been consolidating for weeks. Selling pressure is present. 
Uncertainty is higher. An Arab Chain analysis has identified a condition in 
the on-chain data that describes exactly what this market is doing — and why 
it cannot stay here indefinitely. Related Reading: Ethereum Mirrors A 2023 
Setup As Buyers Take Control Of Derivatives On Binance The report tracks 
Ethereum&#8217;s Net Unrealized Profit and Loss on Binance — a measure of whether 
holders are, on average, sitting on gains or losses relative to their entry 
prices. The indicator currently sits at -0.053, holding near the neutral zone 
while Ethereum trades around $2,100. That reading describes a market in 
equilibrium: investors on Binance are neither panicking out of losing 
positions nor taking profits from winning ones. They are holding — and 
waiting. The behavioral picture that emerges from the data is specific. 
Volatility has declined. Panic selling is absent. Excessive optimism is 
equally absent. Short-term trading activity has reduced to the point where the 
market is generating neither the downward pressure of fear nor the upward 
pressure of greed. What remains is a market suspended between two states, 
maintained in place by the absence of a catalyst strong enough to break it in 
either direction. At -0.053, the indicator is not perfectly neutral. It is 
slightly underwater — a detail small enough to overlook and significant enough 
to matter when the next directional move begins. Stability Is Not the Same as 
Safety. It Is a Countdown The Arab Chain analysis draws the distinction that 
makes the current NUPL reading more significant than its proximity to zero 
suggests. The indicator&#8217;s persistence in slightly negative territory — holding 
at -0.053 without sharp movements in either direction — reflects a specific 
investor behavior: waiting. Not accumulating aggressively. Not distributing 
systematically. Waiting for a catalyst that has not yet arrived to clarify the 
direction that the data cannot currently confirm. That behavioral state has a 
historical profile. Periods where the NUPL holds near neutral without sharp 
deviations are typically associated with lower near-term risk — the absence of 
panic selling means forced exits are not driving price, and the absence of 
excessive optimism means unsustainable speculation is not inflating it. The 
market moves within narrow ranges because neither the fear that accelerates 
downside nor the greed that accelerates upside is present in sufficient force 
to break the equilibrium. The report identifies this condition as temporary by 
definition. Consolidation phases do not persist indefinitely — they persist 
until a catalyst resolves them. Ethereum stabilizing around $2,100 with NUPL 
hovering near neutral, and no sharp movements in the indicator reflect a 
market that has found a temporary balance between supply and demand. The word 
that matters in that sentence is temporary. The balance is real. Its duration 
is not guaranteed. When the catalyst arrives — macro clarity, a demand surge, 
a shift in sentiment — the indicator will move, and the narrow range that has 
contained Ethereum&#8217;s price will expand in the direction the move takes it. 
Related Reading: Capital Is Rotating From Bitcoin To Ethereum – On-Chain Data 
Shows It Is Not Over Ethereum Consolidates Below Resistance as Momentum Stalls 
Ethereum is trading near $2,150–$2,200, holding a tight range after recovering 
from the February capitulation. The chart shows a clear shift from aggressive 
selling to controlled consolidation, with price forming higher lows since the 
bottom near $1,800. This suggests stabilization, but not yet a confirmed 
reversal. Technically, ETH remains below all major moving averages. The 50-day 
(blue) is flattening and beginning to act as short-term support, while the 
100-day (green) and 200-day (red) continue to trend downward above price, 
reinforcing overhead resistance. Recent attempts to break higher have stalled 
below the $2,300–$2,400 zone, indicating persistent supply. Related Reading: 
XRP Supply Is Thinning, and Leverage Is Absent. Learn What Happens When One Of 
Those Changes Volume dynamics support this interpretation. The spike during 
the sell-off reflects forced liquidations, while the subsequent decline in 
volume points to reduced participation. The current recovery lacks the 
expansion in volume typically associated with strong trend reversals. 
Structurally, Ethereum is compressing beneath resistance. The range between 
$2,000 and $2,300 is tightening, with neither buyers nor sellers showing 
dominance. A break above $2,400 would signal a shift in momentum and open a 
move toward the 100-day average. Conversely, losing $2,000 would invalidate 
the recovery structure. Featured image from ChatGPT, chart from 
TradingView.com

Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral – The Market Waits for A Catalyst

Ethereum is trading at $2,255.04 in April 2026, up 7.09% on the monthly chart, 
after the $2,017.09 monthly low tested and held the ascending support 
trendline connecting Ethereum&#8217;s major lows since 2019. The monthly MACD 
histogram has turned positive at…

Cryptocurrency price in CNY