Shocking Exodus: $1.7 Billion Flees from Crypto, But One Stands Tall! 😱💰

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In a world where the digital currency landscape resembles a battlefield, a recent report from CoinShares has unveiled a grim reality. Last week, the titans of the cryptocurrency realm—Bitcoin, Ethereum, and Solana—were besieged by a torrent of withdrawals, as investors, gripped by uncertainty, hastily retreated to safer shores.

Bitcoin, the once-mighty flagship of the crypto fleet, bore the brunt of this exodus, followed closely by its companions, ETH and SOL. Yet, amidst this chaos, one cryptocurrency emerged from the fray, not merely surviving but thriving, like a cockroach after a nuclear fallout. 🪳

XRP Triumphs Over the Giants

The CoinShares report paints a bleak picture: digital asset products have endured relentless outflows for five consecutive weeks, a veritable bloodletting that has persisted for 17 days. This marks a record for the longest streak of outflows in a decade—since 2015, to be precise. Who knew that crypto could be so dramatic?

In this tragicomedy, Bitcoin and Ethereum have collectively shed a staggering $1.15 billion, with Bitcoin alone losing $978 million and Ethereum $175 million. The culprits? Spot Bitcoin ETFs, with BlackRock’s IBIT losing $401 million, Fidelity ETF shedding $317 million, and 21Shares AG ETF waving goodbye to a whopping $534 million. Talk about a financial exodus! 💸

Meanwhile, Solana, the underdog, lost a mere $2.2 million, while the Ripple-affiliated XRP and ADA coins saw unexpected inflows. XRP, in a surprising twist, outperformed ADA with $1.8 million versus a paltry $0.2 million. Who would have thought?

In total, a jaw-dropping $1.7 billion vanished into the ether last week, bringing the cumulative losses over the past five weeks to a staggering $6.4 billion. Bitcoin alone has bled $5.4 billion during this tumultuous period. Ouch!

Strategy’s Bold Move: 130 BTC Added to the Hoard

In a twist of fate, Bitcoin evangelist and co-founder of Strategy, Michael Saylor, has announced that his company seized the opportunity presented by the current Bitcoin dip, acquiring an additional 130 Bitcoins. This purchase, costing around $10.7 million, was made at an approximate price of $82,981 per Bitcoin. Talk about a shopping spree! 🛒

With this acquisition, Strategy now boasts a staggering total of 499,226 BTC on its balance sheet, valued at approximately $33.1 billion. In a world where governments hold Bitcoin, Strategy’s stash surpasses that of both the U.S. and U.K. governments. The U.S. holds 198,109 BTC worth $16.9 billion, while the U.K. possesses 61,245 BTC valued at $4.1 billion. Who’s the real king of crypto now?

Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 3/16/2025, we hodl 499,226 $BTC acquired for ~$33.1 billion at ~$66,360 per bitcoin. $MSTR $STRK

— Strategy (@Strategy) March 17, 2025

And in a twist that could only be scripted by fate, the notorious North Korean hacker group, the Lazarus Group, has emerged as the third-largest state owner of Bitcoin, flaunting a stash of 13,518 BTC, equivalent to a staggering $1.16 billion. Who knew hackers could be so financially savvy?

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2025-03-17 20:14