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Bitcoin Hits New ATH, But It's Not Price: Up $25.8 Billion
Bitcoin options OI rallies
Glassnode has spread the word about a massive increase in Bitcoin options open interest. This metric has spiked to an all-time high, reaching the $46.2 billion level. This signifies a rise by $25.8 billion from recent lows.
This extensive increase in Bitcoin options open interest has surpassed the same indicator for Bitcoin futures. Glassnode explained that the big rise in this metric signifies that market participants are growing more sophisticated. Therefore, they require “more advanced hedging and strategy execution” for trading Bitcoin options.
Michael Saylor exposes Strategy's Bitcoin wallets
Meanwhile, another interesting Bitcoin development has taken place. The founder of Bitcoin-focused company Strategy (formerly known as MicroStrategy), Michael Saylor, has decided to disclose Bitcoin wallets linked to his company.
Arkham Intelligence has confirmed that he had done that and named the total value of Strategy’s Bitcoin holdings identified. They total approximately $5.45 billion, which represents 87.5% of the BTC holdings publicly disclosed by Saylor. That includes Bitcoin held for Strategy as a custodian. Prior to that, during his public speech at the Bitcoin 2025 conference, Saylor spoke against the concept of proof of reserves, adopted by centralized crypto exchanges over the past years, whose goal is to keep their holdings transparent for users and the entire crypto space.
In total, Strategy now holds 580,250 Bitcoins after announcing yet another purchase of 4,020 BTC worth $427.1 million. The company’s total BTC holdings are now valued at $63,009,579,600.