BlackRock Indirectly Boosts Its Bitcoin Exposure by Acquiring More MicroStrategy Stock

In this Bitcoin price prediction, we ask whether this is a good time to buy Bitcoin whether other cryptocurrencies offer better prospects in 2025.

As per the latest 13-G filing, BlackRock has indirectly increased its exposure to Bitcoin by acquiring more MicroStrategy stock, bringing their total position to 5% of the company.

In this analysis, we will assess the implications of this move and explore whether it presents a favorable time to buy Bitcoin or if other cryptocurrencies offer better prospects in 2025.

BlackRock’s “Leveraged” BTC Bet

MicroStrategy issues convertible debt to purchase more bitcoin than it could if it were to only use liquid cash, essentially making the $MSTR stock a leveraged bet on BTC.

Analysts have noted that BlackRock’s increased position size marks a vote of confidence for the market-leading crypto asset, indicating their belief in substantial gains on the horizon.

In a Schedule 13G filing, BlackRock (BLK) has revealed that it now owns 5% of MicroStrategy.

Crypto trader GLC says that this is “significant even for BlackRock.”

The analyst pointed to the large investment, which now totals $3.5 billion. GLC highlights that Microstrategy’s Bitcoin position uses 3x leverage, indirectly meaning that BlackRock holds a near-$10 billion $BTC position.

He dubs BlackRock “strong hands” and urges investors to disregard the outside noise, alluding to BlackRock’s purchase as notably bullish news for Bitcoin’s future.

Considering this bullish fundamental factor, let’s explore the Bitcoin price chart.

Potential For Downside Liquidity Grab Before Explosive Rally

As Bitcoin flutters between $90K and $110K, some crypto traders are anticipating a potential liquidity grab below $90K, which would kickstart the next upward rally.

This would wash out existing over-leveraged long positions, providing extra liquidity for smart money whales to take larger positions before the uptrend continues.

Crypto Tony suggests that Bitcoin could see a retest of the $85K level before surging to new highs of $125K.

Meanwhile, Ali Martinez, who goes by Ali_Charts on TradingView, suggests that the best Bitcoin buying opportunities have historically come when BTC traders are at an average 12% loss. He notes that the average right now is a 0.21% profit, meaning there is room for a better entry.

Should Bitcoin decrease by 12%, it would fit Martinez’s narrative and also align with the “liquidity grab” thesis proposed by Crypto Tony and other traders.

With that in mind, the near-term outlook for Bitcoin is uncertain, with potential for a brief pullback. However, both fundamental and technical analyses indicate that Bitcoin is going higher in the mid-term. Per Crypto Tony’s chart, there’s scope for $BTC to break $120K in the coming months.

This leaves room for a 25% gain from its current price of $96,000. While that’s significant, many crypto traders aim to outpace Bitcoin by investing in alternative cryptocurrencies.

One of the most promising altcoins right now is Solaxy, the first-ever Solana layer 2 blockchain.

Best Crypto To Buy? Solaxy Raises $18M For Solana L2

Solaxy is developing a Solana layer 2 that utilizes off-chain computation and transaction bundling technology for greater scalability.

The aim is to eliminate the congestion issue that Solana has grappled with for years. This will open the door for new use cases and further development of existing ones, such as meme coins, AI, and real-world assets.

During times of high activity, there isn’t enough computational resources to validate all of Solana’s transactions, leading to higher wait times and sometimes transaction failures. But Solaxy will make this a thing of the past.

$SOLX will be the blockchain’s native token, used to pay gas fees and facilitate trading of other tokens. It can also be staked, and this feature is live now and pays a 217% APY.

Solaxy is generating substantial bullish interest, with ClayBro from 99Bitcoins recently stating that it is “quickly becoming one of the hottest Solana tokens.”

Despite its popularity, the project is currently available to buy via a presale. This means that investors can get in at a ground-floor price before $SOLX lists on exchanges.

So far, the presale has seen great demand, raising over $18 million.

Visit Solaxy Presale