Stocks

On January 12, 2026, Strategy (MSTR) said it bought 13,627 BTC for approximately $1.25 billion, marking its biggest weekly buy since last summer. The tranche averaged about $91,519 per coin and lifted total holdings to 687,410 BTC. The company's cumulative Bitcoin spend is roughly $51.80 billion, with an average purchase price near $75,353.

According to the company's Monday announcement, Bitmine Immersion Technologies bought 24,266 ETH over the past week, raising its treasury to about 4.17 million ETH, or roughly 3.4% of circulating supply. Chair Tom Lee is urging shareholder approval to increase authorized shares ahead of Thursday's annual meeting in Las Vegas to support a 5% supply target.

BitGo filed updated IPO documents with the U.S. SEC, advancing its plan to list on the New York Stock Exchange under the ticker BTGO. According to the filing, it will offer 11 million new Class A shares and 821,595 from existing holders at $15–$17, potentially raising up to $201 million and implying a roughly $1.96 billion valuation. The company first filed confidentially in September 2025.

South Korea's Financial Services Commission has set guidelines to let listed companies and professional investors trade cryptocurrencies, with corporate exposure capped at up to 5% of equity annually. Final guidance is due between January and February, with implementation tied to the Digital Asset Basic Act in Q1 2025 and market participation targeted by end‑2026.

COIN traded near $247.26, up 2.69% on the day but about 44% below its all‑time high. According to Google Trends, search interest in Coinbase and crypto has fallen to a five‑year low. DeFi Llama and Nansen show Base volumes, transactions, fees, and active users dropping, while earnings are slated for February 25 with consensus forecasting lower revenue and EPS.

On Jan. 12, BitGo Holdings outlined plans for a 2026 IPO targeting up to a $1.96 billion valuation, with 11.8 million shares priced at $15–$17 to raise as much as $201 million. According to its SEC filing, Goldman Sachs will lead underwriting with Citigroup also managing, and the company intends to list on the NYSE as BTGO.

On Monday, Bitcoin underperformed gold and silver in what some analysts describe as the debasement trade, with BTC trading near its lowest level against gold in two years. Investment specialist Karel Mercx argued that investors now favor physical precious metals over Bitcoin as a hedge against fiat currency dilution, while gold also strengthens against the S&P 500. Other crypto commentators warned that Bitcoin’s market needs a stronger breakout as gold and silver notch fresh all-time highs.

In August 2020, Michael Saylor said Strategy began with a $250 million Bitcoin purchase. On Jan. 11, 2026, he noted the position had reached $60.25 billion, while MSTR pulled back to its monthly supertrend support. A StrategyTracker chart counted 673,783 BTC with an average cost near $75,026 and an unrealized gain of about 21%.

On January 12, 2026, Federal Reserve Chair Jerome Powell was subpoenaed as the Department of Justice launched an investigation into alleged political pressure tied to rate-setting and his prior testimony on renovations. U.S. equities fell the same day, with the Dow down 290 points (0.6%), the S&P 500 off 0.4%, and the Nasdaq lower by 0.3%.

Federal Reserve Chair Jerome Powell said in a January 12, 2026 video that the DOJ served the Fed grand jury subpoenas linked to his June 2025 Senate testimony on a $2.5 billion headquarters renovation. Early market moves saw U.S. equity futures soften, gold and silver spike, and Bitcoin approach $92,000 before easing to $90,000.