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Large Bitcoin holders are accumulating billions in BTC after a significant price correction, signaling renewed confidence and recovery potential for the cryptocurrency.

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Large Bitcoin Investors Fuel Recovery with Billion-Dollar Buyups

Analysts and Ripple executives anticipate the approval of a spot-based XRP ETF, potentially marking a significant milestone for the cryptocurrency industry.

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Analysts See XRP Spot ETF Approval on the Horizon

MicroStrategy continues its aggressive Bitcoin accumulation strategy under Michael Saylor, sparking debates about the risks and rewards of its bold approach.

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Thailand and large Bitcoin holders are both making waves in the cryptocurrency space, signaling a shift in how digital assets are being utilized and perceived globally. While Thailand is piloting cryptocurrency payments in Phuket to modernize its tourism economy, institutional investors are once again accumulating Bitcoin after a significant price correction, reflecting renewed confidence in its long-term potential.

Large Bitcoin Holders Resume Accumulation Amidst Post-Correction Recovery

Bitcoin’s price trajectory has once again captured the spotlight as large-scale investors have resumed their accumulation of the cryptocurrency following a notable price correction late in 2024. After 

 achieved an unprecedented six-figure milestone, its value experienced a sharp decline, spurring strategic buying activity among institutional investors. This trend signals a renewed confidence in Bitcoin’s potential for recovery and long-term growth.

Cauê Oliveira, head of research at Blocktrends, revealed in a 

 on CryptoQuant that institutional investors have purchased over 34,000 BTC, worth approximately $3.2 billion. This influx of buying pressure comes as Bitcoin begins to recover from its December plunge. Oliveira highlighted that the accumulation follows a significant sell-off by wallets holding between 1,000 and 10,000 BTC, which collectively dumped 79,000 BTC in the week after Dec. 21.

This sell-off occurred shortly after Bitcoin reached an all-time high of over $108,000 on Dec. 17, propelled by the US Federal Reserve’s interest rate cuts. However, the rapid price correction—approximately 15%—presented a buying opportunity for strategic investors.

“Large players took advantage of the consolidation,” Oliveira explained, noting that institutional buyers executed trades in smaller increments to accumulate Bitcoin at prices below $95,000. The shift in Bitcoin’s seven-day balance change, which flipped positive after the late-December sell-off, suggests renewed buying momentum.

At the time of writing, Bitcoin is trading at around $94,265, reflecting a modest 2.57% decline over the past day. This price movement aligns with broader market trends, as disappointing US jobs and economic data have dampened expectations of additional Federal Reserve rate cuts later in January. Despite these headwinds, analysts at Bitfinex are optimistic that the worst of the downward pressure on Bitcoin's price is behind us.

In a Jan. 6 market note, Bitfinex analysts observed that sell-side liquidity in Bitcoin markets is “shrinking at a rapid pace,” suggesting that the cryptocurrency is entering a phase of stabilization and potential growth.

Looking ahead, several experts predict that Bitcoin could be on the verge of a historic rally in 2025. The anticipated inauguration of pro-crypto policies under incoming US President Donald Trump and growing nation-state adoption of Bitcoin are expected to provide strong tailwinds for the cryptocurrency market.

Fidelity Digital Assets research analyst Matt Hogan echoed this sentiment in a Jan. 7 report, stating that “more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in Bitcoin.” This aligns with the views of Blockware analysts, who suggested last month that the establishment of a US Bitcoin reserve could significantly boost its price. In their projections, a worst-case scenario would see Bitcoin surpass $150,000, while a best-case scenario envisions a rise to over $400,000.

The renewed interest in Bitcoin among institutional investors is underpinned by several key factors:

 accumulation marks a pivotal moment for the cryptocurrency as it recovers from its late-2024 correction. With significant buying pressure from large holders and optimistic forecasts for the year ahead, Bitcoin’s role as a global financial asset continues to solidify. As nation-states and institutional players deepen their involvement, the stage is set for a potentially transformative year in Bitcoin’s history.

Thailand to Pilot Cryptocurrency Payments in Phuket to Boost Tourism and Innovation

In other Bitcoins news, Thailand is set to trial cryptocurrency payments in Phuket, one of its most popular tourist destinations, as part of a groundbreaking initiative aimed at offering foreign visitors an alternative payment method. The move, 

 on Jan. 8 by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, signifies a step forward in integrating digital currency into Thailand’s tourism-driven economy.

Speaking at a seminar organized by the Marketing Association of Thailand, Chunhavajira emphasized that the pilot program will operate entirely within Thailand’s existing legal framework, requiring no amendments to current laws. This assurance seeks to allay concerns about regulatory overreach while highlighting the government’s commitment to fostering innovation within the bounds of legality.

The deputy prime minister said that the program aims to make digital transactions more accessible in “tourism-focused cities” and to remain competitive to avoid missing out on business opportunities.

The program will require foreign tourists to register Bitcoin (BTC) through a Thai exchange and verify their identities before using the cryptocurrency for purchases. A clearinghouse will then convert BTC transactions into Thai baht, ensuring smooth operations for both vendors and buyers.

The trial is expected to enhance the tourism experience by providing a convenient and modern payment method, especially for tech-savvy travelers. The program is part of Thailand’s broader strategy to leverage digital innovation to boost its critical tourism sector, which has been recovering steadily following the pandemic.

To demonstrate the program's effectiveness, Pichai referenced the situation of refugees from the Russia-Ukraine conflict, who could utilize BTC to buy real estate in Thailand rather than encountering difficulties in acquiring Thai baht.

Thailand’s experimentation with cryptocurrencies in Phuket aligns with previous calls by prominent figures to advance the country’s digital asset landscape. In December 2024, former Prime Minister Thaksin Shinawatra urged the Thai government to adopt a proactive approach toward studying cryptocurrencies. Speaking at a lecture, Shinawatra advocated for sandbox experimentation to explore the potential of digital assets without immediately committing to large-scale adoption.

He also raised concerns about the possible impact of incoming US President Donald Trump’s administration, particularly regarding trade tariffs and Trump’s controversial suggestion to use 

Regulatory Evolution in Thailand’s Crypto Sector

The pilot program comes at a time of significant regulatory developments in Thailand’s cryptocurrency market. Binance Thailand CEO Nirun Fuwattananukul highlighted these changes in an October 2024 opinion piece, where he discussed the Securities and Exchange Commission's (SEC) move to expand fund investment opportunities in digital assets.

According to Fuwattananukul, the proposed regulations are designed to create a “mature ecosystem where traditional finance and digital assets coexist.” The initiative, he noted, signals Thailand’s intent to move beyond merely legitimizing Bitcoin and toward fostering a dynamic and robust financial environment.

The pilot program in Phuket is a strong indicator of Thailand’s ambition to position itself as a leader in digital finance and tourism innovation. By embracing cryptocurrencies, the country is taking a bold step toward attracting global tourists and investors who are increasingly comfortable with digital payments.

If successful, the trial could pave the way for broader adoption of cryptocurrencies across Thailand’s other major tourist hubs, further solidifying the nation’s reputation as a forward-thinking destination. Moreover, it sets a precedent for other countries looking to integrate digital currencies into their economies without overhauling existing legal structures.

Thailand’s move to pilot cryptocurrency payments in Phuket signals a progressive shift in its approach to digital finance and tourism. By leveraging Bitcoin’s global appeal, the initiative could enhance the country’s competitiveness, boost its tourism industry, and lay the groundwork for broader crypto adoption. As the pilot unfolds, it will be closely watched by both domestic stakeholders and the global cryptocurrency community, eager to see whether Thailand’s innovative gamble pays off.

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Ripple’s journey through regulatory challenges and its evolving role in the cryptocurrency market have been highlighted recently through key insights from its leadership. Ripple CTO David Schwartz reflected on the company’s media strategy during its three-year legal battle with the SEC, emphasizing the difficulty of combating misinformation while balancing legal and strategic considerations. Meanwhile, speculation around the approval of a spot-based XRP ETF has gained traction, with analysts and Ripple executives expressing optimism about its potential to follow Bitcoin and Ethereum in securing regulatory approval.

XRP Spot ETF Approval Predicted for 2025 Amid Industry Speculation

The cryptocurrency industry is abuzz with predictions and speculation following comments from leading ETF analyst Nate Geraci, who forecasts the approval of a spot-based XRP ETF by the Securities and Exchange Commission (SEC) this year. This bold claim places XRP among the potential next wave of cryptocurrencies to achieve this significant milestone, trailing the anticipated approvals of 

Ripple's President, Monica Long, recently fueled optimism in the XRP community by stating that XRP could be the next cryptocurrency to secure spot ETF approval. Her statement follows Ripple CEO Brad Garlinghouse's long-held belief that the approval of an XRP-based spot ETF was "inevitable."

This confidence stems from Ripple’s landmark legal win last year when a federal court ruled that XRP was not a security when sold on secondary markets. However, lingering regulatory uncertainties continue to cast a shadow over the token's prospects, as noted by Bloomberg analyst Eric Balchunas, who suggested that Litecoin (LTC) or Hedera (HBAR) might receive spot ETFs before XRP.

The race to introduce an XRP spot ETF is already crowded, with prominent financial entities such as WisdomTree, 

, Canary Capital, and 21Shares submitting applications. These firms are capitalizing on the growing demand for cryptocurrency investment products and the gradual shift in the SEC’s stance on digital assets.

While industry giants like BlackRock have driven the market forward with their Bitcoin ETF, boasting nearly $53 billion in assets under management according to SoSoValue data, the company has shown little interest in expanding its portfolio to include altcoin-based ETFs. The immense success of BlackRock’s Bitcoin ETF has set a benchmark, but its cautious stance on altcoins like XRP shows the regulatory challenges these products face.

Geraci also highlighted Solana as a candidate for spot ETF approval, predicting that the SEC could green-light multiple Solana-based products under the incoming administration. Despite being named a security in the SEC’s lawsuits against Coinbase and Binance, Solana's robust ecosystem and growing institutional interest make it a strong contender. However, the token’s regulatory woes parallel those of XRP, creating uncertainty about its path forward.

The potential approval of an XRP spot ETF is deeply intertwined with the broader regulatory landscape in the United States. The cryptocurrency industry has high hopes for a more crypto-friendly administration, which could bring much-needed clarity and pave the way for innovative financial products. Yet, skepticism remains, as some industry experts caution that the SEC might still take a conservative approach, even under new leadership.

Balchunas and other analysts have pointed out that Ripple's protracted legal battle with the SEC might still weigh on the agency's decision-making process. The lawsuit, which alleged that XRP was sold as an unregistered security, marked a turning point for the industry but left behind lingering questions about the token's future.

Should an XRP spot ETF gain approval, it would mark a significant milestone for Ripple and the broader cryptocurrency market. Such a product would provide traditional investors with a regulated avenue to gain exposure to XRP, potentially driving up demand and liquidity for the token. Moreover, it could serve as a catalyst for other altcoins seeking similar approval.

However, the competition remains fierce. As Litecoin and Hedera emerge as dark horses in the ETF race, the pressure on Ripple and its partners to expedite their applications has never been greater.

The year ahead promises to be transformative for the cryptocurrency industry, with XRP's potential spot ETF approval standing as a bellwether for broader market adoption. While regulatory hurdles and market dynamics pose challenges, the prospect of institutional-grade investment products for altcoins signals a maturing market.

For now, all eyes are on the SEC and the evolving regulatory environment, as investors and industry stakeholders await what could be a watershed moment for XRP and other leading cryptocurrencies.

Ripple’s CTO David Schwartz Reflects on Media Strategy Amid SEC Legal Battle

In related news, Ripple's Chief Technology Officer, David Schwartz, recently shed light on the company’s media strategy during its prolonged three-year legal battle with the US SEC. The case, which ended with a partial victory for Ripple, played a pivotal role in clarifying the regulatory status of XRP, the cryptocurrency associated with the San Francisco-based company.

Ripple’s legal saga began when the SEC alleged that the company had conducted an unregistered securities offering by selling XRP tokens. 

 countered the claim, arguing that XRP should not be classified as a security. After years of courtroom drama, the court ruled in Ripple’s favor for retail sales, determining that XRP is not a security. However, Ripple faced penalties for selling XRP to institutional clients, a decision that demonstrated the complex nature of securities laws as they apply to cryptocurrencies.

This ruling not only solidified XRP’s status but also set a precedent with far-reaching implications for the broader cryptocurrency industry. By removing regulatory uncertainty, the decision has emboldened market participants and provided a clearer path for other crypto projects to navigate the SEC’s scrutiny.

Throughout the legal battle, Ripple faced an additional front: the court of public opinion. According to Schwartz, the company struggled to combat the rampant misinformation and speculation surrounding XRP during this period. Legal and strategic constraints limited Ripple's ability to respond directly to false narratives, forcing it to adopt a more cautious approach to public relations.

Schwartz explained that engaging with inaccuracies in the media could inadvertently amplify them. Instead, Ripple relied heavily on its passionate community, known as the “XRP Army,” to counter misinformation and promote a positive narrative. However, this decentralized approach came with its own challenges. While the XRP Army has been a vocal advocate for the cryptocurrency, it has also been a source of speculation, which occasionally complicated Ripple’s efforts to maintain a consistent message.

Schwartz acknowledged the company’s limitations in controlling the public discourse, emphasizing that Ripple aimed to avoid amplifying baseless claims. “We definitely had our internal views of who was being positive and constructive and who was spreading nonsense,” he noted, adding that the company consciously avoided engaging with individuals or narratives that could harm its reputation.

Ripple also sought to differentiate between constructive contributions from the XRP community and baseless claims that risked misleading the public. This nuanced approach aimed to foster a positive narrative while steering clear of potential pitfalls. However, Schwartz admitted that this strategy wasn’t perfect, as the lack of direct engagement with inaccuracies allowed some misinformation to persist and spread.

The reflections by Ripple’s CTO offer valuable insights into the challenges faced by companies operating in the cryptocurrency space, particularly those under regulatory scrutiny. Ripple’s experience brings attention to the importance of balancing legal and strategic considerations with the need for transparent and effective communication.

Now that the legal battle is over, Ripple is in a stronger position to shape its narrative and engage more actively with the media and its community. The clarification of XRP’s status as a non-security provides a solid foundation for Ripple to advance its mission of transforming global payments.

Ripple’s partial victory against the SEC has had a ripple effect across the cryptocurrency market, bolstering confidence in digital assets and setting a precedent for future regulatory disputes. The case has also sparked broader discussions about the role of media and community in shaping public perceptions of cryptocurrencies.

As Ripple moves forward, the lessons learned from its media strategy during the SEC lawsuit could serve as a blueprint for other crypto projects navigating similar challenges. By fostering a more transparent and unified narrative, Ripple has the opportunity to strengthen its position as a leader in the crypto space and drive greater adoption of its innovative solutions.

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Major corporations are increasingly finding themselves at the center of debates over Bitcoin adoption as a treasury asset, fueled by shareholder proposals and bold strategies from key players. At Meta, a recent shareholder proposal advocates allocating a portion of its $72 billion cash reserves to Bitcoin, citing concerns over inflation and currency debasement. Meanwhile, MicroStrategy continues its aggressive Bitcoin accumulation, led by co-founder Michael Saylor, despite mixed reactions from the financial community. 

MicroStrategy’s Bold Bitcoin Strategy: A Double-Edged Sword for the Future of Corporate Treasury Management

MicroStrategy's co-founder Michael Saylor continues to make waves in the cryptocurrency market as the company steadfastly pursues its Bitcoin-centric corporate treasury strategy. On Jan. 12, Saylor posted the company’s now-familiar 

 tracker chart for the 10th consecutive week. Typically shared on Sundays, the chart often hints at impending Bitcoin purchases—a signal eagerly watched by cryptocurrency enthusiasts and investors alike.

As of the most recent update, MicroStrategy’s Bitcoin holdings stand at 447,470 BTC, valued at approximately $42.4 billion. This follows the company’s acquisition of 1,070 BTC on Jan. 6. MicroStrategy's stock, however, paints a more volatile picture. Shares of the company are down approximately 40% from their all-time high of $543 per share, reached on Nov. 21, mirroring a broader downturn in cryptocurrency markets.

Despite the decline, Saylor remains unyielding in his strategy, urging corporations to consider Bitcoin as a corporate treasury asset. His approach has sparked intense debate across the crypto community. For some, MicroStrategy represents a leveraged bet on Bitcoin’s long-term success. For others, Saylor’s heavy reliance on debt financing to fund Bitcoin acquisitions raises sustainability concerns, particularly in light of Bitcoin’s notorious price volatility.

David Krause, emeritus professor of finance at Marquette University, has been one of the most vocal critics of MicroStrategy’s bold strategy. Krause recently said that a sudden and sharp drop in Bitcoin’s price could have catastrophic consequences for MicroStrategy. The potential erosion of shareholder equity and a scenario of bankruptcy liquidation, while extreme, are not beyond the realm of possibility, he warned.

Bitcoin’s historic volatility amplifies these risks. For example, Bitcoin’s price has seen swings of over 10% within a single day in the past, often due to regulatory news or macroeconomic factors. Such fluctuations could heavily impact MicroStrategy’s stock value, given its reliance on Bitcoin as a primary corporate asset.

Despite the criticism, Saylor remains undeterred and has doubled down on his Bitcoin strategy. In October 2024, he unveiled the company’s ambitious "21/21 plan." This strategy aims to secure $21 billion through equity offerings and an additional $21 billion through fixed-income securities, totaling $42 billion earmarked exclusively for Bitcoin purchases.

 plans for a potential $2 billion preferred stock offering, contingent on favorable market conditions in the first quarter of 2025. Proceeds from the stock offering are intended not only to fund additional Bitcoin acquisitions but also to fortify the company’s balance sheet, aligning with the 21/21 plan’s overarching goals.

While the 21/21 plan has drawn interest, it also shows MicroStrategy’s dependence on both equity and debt markets for liquidity. Analysts have noted that this approach leaves little margin for error, particularly if Bitcoin’s price trajectory does not meet the company’s optimistic projections.

A Test Case for Corporate Bitcoin Adoption?

Michael Saylor’s Bitcoin strategy is more than just a bold gamble; it represents a potential paradigm shift in corporate treasury management. By tying its fortunes so closely to Bitcoin, MicroStrategy has effectively become a proxy for the cryptocurrency’s performance. This dynamic has made the company a focal point for debates about Bitcoin adoption by corporations.

While critics like Krause emphasize the risks, others view Saylor’s approach as visionary. In his view, Bitcoin’s finite supply and decentralized nature make it a superior long-term store of value compared to traditional assets like cash or bonds. Saylor has even extended his evangelism beyond MicroStrategy, advocating for 

 adoption among major corporations, including tech giant Microsoft.

As MicroStrategy forges ahead with its Bitcoin strategy, its journey will be closely watched by proponents and detractors alike. The company’s ability to navigate Bitcoin’s volatility, manage its debt obligations, and deliver shareholder value will determine whether it emerges as a trailblazer or cautionary tale in the annals of corporate treasury history.

For now, Michael Saylor’s unyielding faith in Bitcoin underscores the disruptive potential of cryptocurrencies, even as it raises questions about the risks of over-concentration in a single asset. Whether this gamble pays off or backfires remains a story in progress, with implications not just for MicroStrategy, but for the broader cryptocurrency ecosystem.

Meta Faces Shareholder Push for Bitcoin Adoption Amid Inflation Concerns

A Meta shareholder has also stirred debate with a proposal advocating that the social media giant diversify its $72 billion in cash and short-term cash equivalents by allocating a portion to Bitcoin. Ethan Peck, the shareholder behind the proposal, argued that Bitcoin offers a hedge against currency debasement and inflation, citing its remarkable performance compared to traditional assets over the past five years.

Peck’s proposal, submitted on behalf of his family’s shares, highlights the erosion of Meta’s cash holdings due to inflation. He claims that the company is losing 28% of its cash assets over time, a trend that could be mitigated through Bitcoin investment. Supporting his case, Peck pointed out that Bitcoin has outperformed bonds by an impressive 1,262% in the last five years.

In his proposal, Peck drew attention to Meta's symbolic relationship with Bitcoin, referencing CEO Mark Zuckerberg’s goats named “Bitcoin” and “Max” as well as Meta board member Marc Andreessen’s known support for Bitcoin. Andreessen, a prominent venture capitalist, also serves as a director at Coinbase, one of the largest cryptocurrency exchanges.

“Do Meta shareholders not deserve the same kind of responsible asset allocation for the company that Meta directors and executives likely implement for themselves?” Peck questioned.

Peck is an employee of The National Center for Public Policy Research, a Washington, D.C.-based think tank advocating for free-market policies. The organization has also submitted similar Bitcoin treasury proposals to Microsoft and Amazon.

The push for Bitcoin adoption as a corporate treasury asset is not new, and proponents like Peck face significant resistance from large corporations. Microsoft shareholders rejected a similar proposal in December 2024, which recommended the tech giant allocate at least 1% of its $484 billion in assets to 

Amazon shareholders are next in line to consider such a strategy at their April 2025 meeting, following a proposal submitted by The National Center for Public Policy Research. The organization has been vocal about its criticism of traditional inflation metrics, such as the Consumer Price Index (CPI), arguing that they underestimate the real impact of inflation. The proposal suggested that Bitcoin could serve as a safeguard against a "true inflation rate" that is double the CPI.

Despite these advocacy efforts, Big Tech companies remain cautious about adopting Bitcoin as a treasury asset. Industry experts attribute this hesitancy to several factors.

Nick Cowan, CEO of fintech firm Valereum, explained that the size and financial strength of companies like Meta, Microsoft, and Amazon make them less inclined to take on the risks associated with Bitcoin. These firms already operate as leaders in highly profitable sectors and do not feel pressured to adopt a volatile asset like Bitcoin.

“Bitcoin’s high volatility and lack of native yield-bearing opportunities also prevent tech firms from allocating 5% or more of their assets to BTC,” Cowan noted.

Bitcoin's reputation for volatility is a major deterrent. While the cryptocurrency has demonstrated astronomical returns in the long term, it has also experienced dramatic short-term price swings. Such volatility could introduce unnecessary risk to companies with large cash reserves, particularly those seeking predictable financial stability.

Peck’s proposal at Meta, though unlikely to pass, is part of a growing conversation around the role of Bitcoin in corporate treasury management. Companies like MicroStrategy and Tesla have already embraced Bitcoin, but their approaches have been polarizing. Critics warn of the risks posed by Bitcoin’s volatility, while proponents argue that it represents a hedge against inflation and a store of value superior to fiat currencies or bonds.

If Meta were to adopt Bitcoin, it would signal a seismic shift in corporate attitudes toward cryptocurrency, potentially setting a precedent for other Big Tech firms. However, such a move would require addressing key concerns, including Bitcoin’s volatility and the lack of regulatory clarity in many jurisdictions.

Meta shareholders will likely vote on the proposal in the coming months, but its success remains uncertain. As with Microsoft and Amazon, the proposal faces an uphill battle in convincing stakeholders of Bitcoin’s viability as a treasury asset. Even if rejected, the proposal signals a growing demand for innovation in corporate asset allocation strategies, particularly in an era of rising inflation and currency debasement concerns.

Whether Meta chooses to embrace Bitcoin or not, the debate around cryptocurrency adoption by major corporations is far from over. For now, the spotlight remains on shareholder advocacy groups like The National Center for Public Policy Research, which continue to challenge traditional treasury strategies and push the boundaries of corporate financial management.

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