Bitcoin Whales Are Back in Action – Market Info

Since March 14, 2025, the cryptocurrency market has recorded an overall increase of approximately 10%. Its current value is around EUR 2.68 trillion. According to CoinMarketCap, Bitcoin dominates the market, accounting for as much as 60.5% of the total market capitalization. Although cryptocurrency prices are rising, investor sentiment remains cautious. The Fear & Greed Index, which reflects market sentiment, has moved from a value of 19 (extreme fear) to 34 points but still indicates fear in the market.

Source: coinmarketcap

Bitcoin Whales Back in Action: Hundreds of Millions in Purchases and Awakening After 8 Years

While fear dominates the market, major players are not hesitating and are accumulating Bitcoin. One of the largest so-called “whales” – investors who own a vast amount of Bitcoin – recently bought Bitcoin worth more than USD 200 million. This is a significant move, as just a few months ago, this whale sold more than 11,000 BTC. After the latest purchase, it holds over 15,000 Bitcoins, which at current prices represents a value of more than USD 1.3 billion.

Source: cointelegraph

Besides this whale, another wallet that had been inactive for 8 years has awakened. In a single move, more than 3,000 BTC worth approximately USD 250 million were transferred. For comparison, in 2017, this amount was worth only USD 3 million. This also shows how enormous Bitcoin’s growth has been over the years.

There is also a strong demand for Bitcoin from major players in financial markets. For example, American investment firm BlackRock, which manages assets worth over USD 11 trillion, purchased another 4,000 BTC for its ETF fund in recent days. In total, it holds more than 573,000 Bitcoins, equivalent to over USD 50 billion.

The increased interest in cryptocurrencies is not limited to Bitcoin. An Ethereum whale recently bought more than 7,000 ETH worth nearly USD 14 million and continues accumulating it at a time when the price of Ethereum is around the USD 2,000 level. Source

North Carolina Considers Pension Fund Investments in Cryptocurrencies

Lawmakers in North Carolina have introduced legislative proposals that would allow a portion of state pension funds to be invested in cryptocurrencies such as Bitcoin. According to the proposal, up to 5% of selected funds could be allocated to digital assets.

The proposed law, called the Investment Modernization Act, includes the creation of an independent authority that would evaluate which cryptocurrencies are suitable for investment. This body would also ensure the secure storage of these digital assets. However, the law does not mandate holding any specific cryptocurrency – it is rather an option to diversify the state’s investment portfolio.

Another bill, the Bitcoin Reserve and Investment Act, has also been introduced. It proposes that up to 10% of public finances be invested directly in Bitcoin. This proposal is more specific – Bitcoin would have to be stored in secure “cold” wallets and could only be sold in the event of a serious financial crisis, with the approval of the majority of the state legislature.

Investments in Bitcoin are increasingly attracting attention from individual U.S. states. Similar proposals have already been introduced in 23 states, with most still in the legislative process. The federal government, led by President Trump, recently announced the creation of a strategic Bitcoin reserve, based on cryptocurrencies confiscated in criminal cases. Source

Fidelity to Soon Launch Digital Fund with U.S. Treasury Bonds

Financial giant Fidelity Investments is preparing to launch a blockchain-based fund representing a digital version of a traditional fund investing in cash and U.S. Treasury bonds. This new “OnChain” fund is set to operate on the Ethereum network and is part of a broader trend of digitizing assets from the traditional financial world.

Fidelity has officially filed an application with the U.S. Securities and Exchange Commission (SEC), with plans to launch the fund on May 30, pending necessary approval. In addition to Ethereum, the company also plans to expand the fund’s functionality to other blockchain networks in the future. The goal of this move is to accelerate and streamline fund transfers and settlements, which could operate 24/7 thanks to blockchain technology.

The tokenization of real-world assets – such as government bonds or mutual funds – is becoming increasingly popular among banks and asset managers. Leaders in this space include BlackRock with its digital fund BUIDL, managing nearly USD 1.5 billion, and Franklin Templeton, which launched the first on-chain fund back in 2021.

The market for tokenized U.S. Treasury bonds has grown by nearly 500% over the past year and is now valued at USD 4.77 billion. Fidelity already holds a strong position in the cryptocurrency space – it operates exchange-traded funds (ETFs) for both Bitcoin and Ethereum, with assets under management exceeding USD 17 billion. Source

GameStop Plans to Invest in Bitcoin

Video game retailer GameStop is planning to enter the world of cryptocurrencies. After approval by its board of directors, the company announced that it will invest part of its cash reserves—exceeding USD 4.7 billion—into Bitcoin and stablecoins.

Source: cfainstitute

This news was announced in the company’s annual financial report for the fourth quarter of 2024. GameStop has updated its investment policy to allow it to hold digital assets such as Bitcoin and stablecoins pegged to the U.S. dollar. However, the company also noted that this move involves risks associated with the volatility of cryptocurrencies.

Shortly after the announcement, GameStop shares initially rose by more than 6%, but later gave up those gains and ended the day slightly down. Nevertheless, the company has sufficient financial resources to embark on crypto experiments without major risk to its operations.

Speculation about GameStop’s possible entry into crypto began earlier this year when CEO Ryan Cohen posted a cryptic photo with Michael Saylor, a well-known Bitcoin advocate. This clue led to a 7% rise in the company’s stock price. A few days later, the CEO of Strive Asset Management publicly urged GameStop to become a leader in Bitcoin within the gaming industry. Source

The Value of Tokenized Real-World Assets (RWA) Breaks Records but Raises Questions

Tokenized real-world assets (RWA), such as government bonds or real estate, have reached a new all-time high on the blockchain. The total value locked (TVL) in RWA protocols has surpassed USD 10.6 billion. The largest share of this figure is held by BlackRock’s tokenized fund called BUIDL, which accounts for more than 15% of the total value.

Interest in RWAs is growing mainly because they offer investors more stable returns compared to traditional cryptocurrencies, which are often highly volatile. Major players such as Fidelity and Janus Henderson have joined this trend. A new addition to the sector is Ondo Finance, which launched its own RWA-focused blockchain just last month and quickly rose to the top of TVL rankings.

Several cities, such as Hong Kong and Dubai, are actively creating regulatory frameworks and testing environments for tokenizing real-world assets. This is becoming an increasingly important topic not only in the crypto community but also in the world of traditional finance.

Despite the positive growth, there is an ongoing debate about whether the value of RWAs is truly stored on the blockchain. Some experts argue that the blockchain only holds a digital certificate – a sort of “bond” – rather than the actual asset. Others claim that blockchain can significantly simplify ownership verification and reduce bureaucracy. While some view tokenization as a breakthrough technology, others point out that without a legal framework and judicial recognition, it is merely a set of promises recorded in digital form. Source

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