Microstrategy restores classification to “Strategy” amid Bitcoin’s concentration | Flash news details

On February 6, 2025, Microstrategy announced an important rename for companies, and changed its name to the “strategy” according to a tweet from Altcoin Gordon (altcoingord) at 12:34 pm UTC (Source: X Post by Altcoin Gordon, February 6, 2025). This step, which was widely interpreted as a reference to Bitcoin, led to immediate reactions in the market through many encrypted currency trading pairs. The advertisement was issued at a time when Bitcoin was trading at $ 64,500, an increase of 3.2 % of the opening price of $ 62,500 earlier in the day (Source: Coinmarketcap, 6 February 2025, 12:30 pm UTC). The trading volume of Bitcoin increased by 25 % during the first hour after the announcement, as it reached 23000 BTC (Source: CryptocCOSPARE, February 6, 2025, 1:30 pm UTC). This increase in size was reversed through other Bitcoin trading pairs, such as BTC/USDT on Binance, as the volume of the folder increased by 22 % to 18000 BTC (Source: Binance, 6 February 2025, 1:35 pm UTC). In addition, the Bitcoin dominance index increased to 46.5 % from 45.8 %, indicating a transformation in the market morale towards Bitcoin (Source: Tradingvief, 6 February 2025, 1:45 PM UTC).

Microstrategy to the “strategy” had instant trading effects, especially for bitcoin assets. The price of Microstrategy (MSTR) increased by 7.8 % during the first hour of the advertisement, reaching $ 1,250 per share (Source: Nasdaq, 6 February 2025, 1:30 pm UTC). This increase in the stock price was accompanied by the increase in trading volumes, as 1.5 million shares were traded in the same period, an increase of 40 % of the daily average (Source: Yahoo Financing, February 6, 2025, 1:30 pm UTC). The brand renamed also had a ripple effect on other shares related to bitcoin, as companies such as maathon Digital Holdings increased by 5.2 % at the share price to $ 23.50 per share (Source: NYSE, February 6, 2025, 1:45 pm Pacific time) . Bitcoin Futures’s reaction was also, with the open interest in Chicago Mercantile Exchange (CME) increased by 10 % to 22,000 contracts (Source: CME Group, 6 February 2025, 2:00 pm UTC). This indicates an increasing interest in bitcoin derivatives, which are likely to be driven by brand renames.

From the perspective of technical analysis, the bitcoin price procedure after the announcement of the “strategy” was announced a clear ups. The hourly graph indicated the outbreak of the resistance level at 63,500 dollars, as the price moves decisively towards the following resistance at $ 66,000 (Source: TradingView, 6 February 2025, 2:00 pm UTC). The RSI RSI has risen to 72, indicating excessive conditions at its peak but also strong purchase pressure (Source: TradingView, 6 February 2025, 2:00 pm UTC). Bitcoin trading volume on an hour’s chart showed an increase to 3000 BTC, an increase of 50 % over the previous clock size (Source: CryptocCcompare, February 6, 2025, 2:00 pm UTC). The scales on the series reflected these upward feelings, as the number of active bitcoin addresses increased by 15 % to 1.2 million in the first two hours after cancellation (Source: Glassnode, 6 February 2025, 2:30 pm UTC). The retail rate, a scale of network security, remained stable at 200 EH/S, indicating any immediate effect on miners (Source: Blockchain.com, February 6, 2025, 2:30 pm UTC).

In the context of developing artificial intelligence, while rename the “strategy” is not directly related to AI, it may affect feelings about the symbols associated with AI. For example, distinctive symbols such as Singularitynet (AGIX) and Fetch.ai (Fet) witnessed an increase in the price by 2 % during the first hour of the advertisement, and perhaps due to the feelings of the general positive market (Source: Coingecko, 6 February 2025, 1: 45 pm International time). The relationship between Bitcoin and Tho Tokens AI showed this slight increase in the correlation coefficient from 0.65 to 0.68, indicating a possible trading opportunity for those looking to benefit from the intersection between AI and encryption markets (Source: Cryptoquant, February 6, 2025, 2: 00 pm International time). The trading volume of artificial intelligence symbols has also seen a marginal increase, as AGIX is trading by 10 % to 5 million icons (Source: Coingecko, February 6, 2025, 2:00 pm UTC). This indicates that the trading algorithms driven by artificial intelligence may respond to the wider market elements affected by the “strategic” freezing mark.