Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Bitcoin Drops Closer to $96,000 with a 1.41% Decrease in 24 Hours

Bitcoin has dropped closer to $96,000 and is now trading at $96,170, with a 1.41% decrease in 24 hours.

Argentina’s Opposition Threatens Impeachment Trial After Milei Touts Crypto Coin

Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed soon after.

Milei late on Friday posted on X recommending the little-known crypto coin $LIBRA, which soon after shot up to nearly $5 apiece.

Just hours later, the cryptocurrency plummeted to under $1.

Argentina’s fintech chamber acknowledged that the case could potentially be a “rug pull,” in which the developers of a crypto token draw legitimate investments, pumping up the value, only to later dump their stake.

“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” said lawmaker Leandro Santoro, a member of the opposition coalition.

Michael Saylor Suggests the U.S. Acquire 20% of Bitcoin

on February 17, Strategy founder Michael Saylor stated in a video interview that the United States should acquire 20% of the total supply of Bitcoin.

JPMorgan Increases MSTR Bitcoin Exposure to $300 Million

Immutable co-founder Robbie Ferguson posted on the X platform that JPMorgan bought $100 million of Strategy, increasing its Bitcoin exposure to $300 million.

Metaplanet Expands Bitcoin Holdings With Significant Purchase

Japanese publicly traded company Metaplanet has announced an increase in its Bitcoin holdings as part of its ongoing financial operations involving the cryptocurrency. The company has invested 4 billion yen (approximately $26.39 million) to acquire an additional 269.43 Bitcoins. This purchase raises Metaplanet's total Bitcoin holdings to 2,031.41 Bitcoins, with a cumulative investment amounting to 24.872 billion yen (around $164 million).

Jane Street Acquires Stake In Bitcoin Mining Firm Iris Energy

Wall Street trading company Jane Street and its subsidiary have acquired a 6% stake in Bitcoin mining giant IREN Ltd. A 13G filing submitted on Friday reveals that as of December 31, Jane Street Group holds 11,797,987 shares of Iris Energy, representing a 6% ownership. In January, Iris Energy mined 521 BTC with an actual hash rate of 28.93 EH/s, accounting for 3.71% of the Bitcoin mining market share.

Coinbase Regains Ground in Crypto Trading, Eroding Robinhood's Market Share

Coinbase Global, Inc. is not just holding steady but is regaining market share previously lost to other players in the crypto trading arena, chiefly Robinhood Markets (NASDAQ:HOOD), Oppenheimer pointed out.

Even so, Robinhood posted a Q/Q and Y/Y surge in transaction-based crypto revenue in the last quarter of 2024, when bitcoin (BTC-USD) and other major tokens shot up amid speculation on a potentially friendlier crypto regulatory environment under the new Trump administration.

Coinbase's market share in crypto spot trading stood at 67% last month, unchanged from December and up from 64% in November. Conversely, Robinhood's (NASDAQ:HOOD) share of 9% fell from 11% in the prior month and 13% in November, analyst Owen Lau wrote in a note, citing CoinGecko data.

Top Bitcoin Holders Among Leading Companies Revealed

According to Odaily, recent statistics from HODL15Capital reveal the top five corporate holders of Bitcoin as of February 15, 2025. BlackRock IBIT leads the list with 587,050 BTC. Following closely is Strategy (MSTR), holding 478,740 BTC. Fidelity FBTC ranks third with 208,507 BTC, while Grayscale GBTC possesses 199,644 BTC. Tether rounds out the top five with 83,759 BTC.

Bitcoin Spot ETF Flow

On Feb 14 (Eastern Time), the total net inflow for Bitcoin spot ETFs was $70.62 million, according to SoSoValue data.

The Bitcoin spot ETF with the highest net inflow on Feb 14 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $94.04 million. Following that was iShares Bitcoin Trust, with a net inflow of $22.26 million.

As of now, the total net asset value of Bitcoin spot ETFs is $114.41 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.94%.