On Feb. 5, 2026, Bitcoin-buying firm Strategy reported a net loss of $12.4 billion for the fourth quarter of 2025 after Bitcoin fell 22% over the period to below $88,500. The company's revenue for the quarter rose 1.9% year-on-year to $123 million, but its share price dropped 17% to $107 as Bitcoin extended its decline and pushed Strategy's 713,502 BTC holdings 17.5% underwater. Executives Phong Le and Andrew Kang said Strategy still has a strong balance sheet, supported by $2.25 billion in cash and no major debt maturities until 2027.

Bhutan transferred 184 BTC worth $14 million on Wednesday and another 100.8 BTC worth $8.3 million last Friday, routing the $22.3 million to QCP Capital, according to Arkham. The firm added that the country has mined about $765 million in Bitcoin since 2019, but its holdings have declined from 13,295 BTC in October 2024 to 5,700 BTC as post-2024 halving costs rose.

Ethereum co-founder Vitalik Buterin has shifted away from his earlier view that layer-2 networks should be the main path to scaling Ethereum, arguing many are still controlled by multisig bridges rather than fully inheriting mainnet security. He now favors scaling the Ethereum base layer via higher gas limits and precompiled native rollups, while encouraging L2s such as Arbitrum, Optimism, Base and Starknet to focus on specialized use cases. The comments follow internal discussions among Ethereum developers about mainnet scaling and past proposals targeting up to 10,000 transactions per second.

The ISM Manufacturing PMI rose to 52.6 in January, beating the roughly 48.5 consensus and ending 26 months of contraction. Analysts say the shift could support Bitcoin, which hovered near $78,000 and briefly touched a 10‑month low of $75,442 on Monday.

On Sunday, Strategy executive chairman Michael Saylor hinted the firm added Bitcoin after a more than 13% weekend slide pushed BTC to $75,892, briefly under its $76,040 cost basis before rebounding to $76,765. The drop followed President Donald Trump's Friday nomination of Kevin Warsh; Saylor posted “More Orange” alongside a $55 billion purchases chart.

Donald Trump said he will name his choice for the next Federal Reserve chair, and several outlets reported Kevin Warsh is expected to be the nominee. Prediction markets reflected the shift, with Polymarket moving from 30% to 95% odds for Warsh and Kalshi at 93%, while Rick Rieder fell to 3.4%. Warsh has voiced a more favorable view of Bitcoin, calling it potential market discipline.

During Q4 2025, Avalanche's tokenized real‑world assets climbed 68.6% to over $1.3 billion, aided by the November launch of BlackRock's $500 million BUIDL and a loan tokenization push by FIS and Intain. Despite this, AVAX fell 59% to $12.3 in Q4 and is down another 10.5% in 2026, with VanEck's Avalanche ETF debuting on Monday.

Gold jumped 4.4% on Wednesday, adding about $1.65 trillion to its market value and setting a record above $5,500 with a total cap of $38.77 trillion. The single-day gain nearly equaled Bitcoin's $1.75 trillion market cap, while over five years gold has risen 173% versus Bitcoin's 164%. Bitcoin traded down during the move.

On Jan. 13, Strive completed its acquisition of Semler Scientific and has now used proceeds from a preferred stock sale to retire $110 million, or 92%, of the debt it assumed. The firm also purchased about 334 Bitcoin, taking its holdings to 13,132 BTC valued at $1.17 billion, but its ASST share price still closed 2.23% lower at $0.80 on Wednesday. Public companies now collectively hold about 1.134 million BTC, roughly 5.4% of the total Bitcoin supply.