Crypto Market

A $2.54 billion buy last week pushed Strategy’s total past 780,897 BTC to more than any spot ETF on the planet.

For much of its early history, Bitcoin was often described as a financial asset that moved independently from traditional markets. Investors and analysts frequently referred to it as “digital gold,” suggesting it could function as a hedge against inflation or economic instability.

While corporate treasury interest is not as high in other areas of the market, Ethereum-focused accumulation has remained relatively consistent, and that type of demand even in less favorable conditions begins to matter over time.

As of early 2026, New Hampshire has not yet made a purchase. Though the authority exists and the infrastructure surrounding it is being built, the state that got there first legislatively has been cautious about initiating a purchase in deliberate contrast to what Texas did next.

February 2026 may be remembered as one of the biggest capitulation phases in Bitcoin's history. On February 5 alone, on-chain analytics data showed investors realized $3.2 billion in losses within a 24-hour period, placing the event among the largest loss days ever recorded in crypto markets