ChainCatcher reports that Strategy Executive Chairman Michael Saylor skipped his customary "orangedot" Bitcoin tracking post on Sunday for the first time in 13 weeks, prompting market speculation that the firm may have put its weekly Bitcoin purchase program on hold. Saylor instead spotlighted the company's perpetual preferred stock, STRC, saying its 30-day volatility is lower than that of every S&P 500 constituent and that it offers an 11.5% annual dividend. Since December last year, Strategy has bought about 90,831 Bitcoin, taking total holdings to 762,099 BTC at an average cost of roughly $75,694. The company has also rolled out a $42 billion stock issuance plan, underscoring a greater emphasis on preferred-stock financing. A Form 8-K due Monday is expected to clarify whether Strategy has in fact paused Bitcoin purchases.

ChainCatcher, citing BBX data, said global listed companies disclosed fresh updates on crypto-treasury strategy and scale. Trump Media (NASDAQ: $DJT) said in a strategic briefing that its treasury's 15,000 BTC position has been formally reclassified as a long-term strategic reserve. The company described the holding as a financial anchor for building decentralized social and payments infrastructure, with a current market value of more than $1 billion. Metaplanet (TSE: 3350) said at its Tokyo headquarters that it is targeting 100,000 BTC in holdings by end-2026. The company, among Asia's largest corporate BTC holders, plans to narrow the gap via a new $250 million equity financing round and aims to rank among the world's top three corporate BTC holders this year. Bitcoin Standard Treasury (NASDAQ: $BSTR) reported its total BTC holdings have officially surpassed 30,000 BTC. The firm said its BPS (BTC per share) rose 8.4% month over month in March. Semler Scientific (NASDAQ: $SMLR) published its latest treasury-efficiency report, stating that its "BTC yield" generated through ATM financing tools since 2026 has climbed to 23.8%, outpacing spot BTC price gains over the same period. Nexon (TSE: 3659) said in its weekly report that its 1,717 BTC holding remains in "retail out" status. The company added it will show at its April developer conference how the reserve supports the economic model for its next-generation blockchain games.

Bitcoin fell to an intraday low of $64,785, triggering liquidations that wiped out about 86,000 traders. In commodities, crude oil climbed above $103 a barrel. Risk sentiment weakened across markets, with Wall Street futures trading in the red.

Odaily Planet Daily reports that CryptoQuant analyst Darkfost says Bitcoin has been trading around $65,000–$70,000, well below the roughly $85,900 average cost basis for short-term holders. That gap leaves most investors who bought in over the past six months sitting on losses. On-chain data shows the short-term holder MVRV has fallen to about 0.77, below the neutral level, and briefly touched 0.7 in late February, implying an average unrealized loss close to 30%. The MVRV gauge compares market capitalization with the on-chain realized cost to assess valuation. Analysts warn that an extended period of depressed MVRV signals sustained stress on short-term holders and could intensify market volatility.

Flash Update: Bitcoin dipped below $65,000, triggering more than $195 million in liquidations over the past hour.

Institutional capital is moving into Bitcoin at a pace that would have sounded implausible a few years ago. Since the rollout of spot Bitcoin exchange-traded funds, about $56 billion has flowed in from asset managers globally, a shift Bitmine CEO Tom Lee says is reshaping how professional investors think about preserving purchasing power. At the Futu Investment Exhibition, Lee challenged gold's long-standing status as the default inflation hedge. Citing historical data, he said gold has failed to keep up with inflation roughly 48% of the time over the past 55 years. He also pointed to recent weakness in the metal, with gold down more than 15% over the past week and trading around $4,493. Lee argued Bitcoin has been the stronger inflation hedge, saying it has outpaced inflation 97% of the time since its 2009 debut. He attributed that performance to Bitcoin's fixed supply cap of 21 million coins, noting that supply cannot be expanded and no central bank can create more. With institutional demand rising, Lee said Bitcoin is increasingly positioned as a modern alternative to gold for wealth protection. "Many investors hold large amounts of gold for protection, but may be missing exposure to Bitcoin," he said. ETF inflows are reinforcing that narrative. As major asset managers add Bitcoin exposure to client portfolios, billions of dollars have shifted into Bitcoin-focused funds, pushing the asset closer to mainstream comparisons with commodities such as gold and oil. Bitcoin traded near $66,000 at the time of Lee's comments, down about 3.35% over the prior 24 hours. Lee also highlighted Ethereum, describing it as a potential infrastructure layer for Wall Street, with use cases spanning tokenization, settlement, and other financial operations. He said ties between crypto networks and traditional finance appear to be deepening as institutions look for faster, programmable ways to move and settle assets. Whether that vision materializes remains uncertain, but the scale of capital moving into Bitcoin ETFs suggests parts of Wall Street are no longer treating crypto as a peripheral asset class.

Bitcoin ETFs ended a four-week streak of net inflows.

Morgan Stanley is moving to enter the U.S. spot Bitcoin ETF race with a sharply discounted fee, a step that underscores continued institutional appetite for crypto-linked funds even as the category sees fresh outflows. In an amended S-1 filing, the bank proposed a spot Bitcoin ETF under the ticker MSBT with a 14 basis point management fee. That would price below Grayscale's 0.15% and well under BlackRock's iShares Bitcoin Trust (IBIT) fee of 25 basis points. If approved, MSBT would be the first spot Bitcoin ETF issued directly by a major U.S. bank, a notable milestone for institutional crypto adoption. Market observers say the low-fee structure, paired with a planned NYSE Arca listing, could escalate pricing pressure across the segment and help draw adviser-led allocations through Morgan Stanley's wealth-management platform. The bank oversees about $6 trillion in assets and has roughly 16,000 advisors. The filing comes as U.S. spot Bitcoin ETFs have faced renewed redemptions. On Friday, March 27, the group posted net outflows of $225 million. IBIT accounted for the bulk of the move: during the latest session it saw net outflows of 3,061 Bitcoin, valued at about $201.67 million, despite generating roughly $2.5 billion in trading volume. Market participants noted that outflows can reflect short-term positioning changes, while high turnover points to ongoing institutional engagement. Bloomberg ETF strategist James Seyffart said he expects MSBT to launch in April. He added that Morgan Stanley has also filed for spot Ethereum and Solana ETFs, raising the possibility of similarly low-cost offerings. Seyffart also pointed to VanEck's VanEck Bitcoin Trust (HODL) as the current lowest-cost option, citing a temporary 0.00% fee waiver that sets the floor for price competition.