📌 MicroStrategy Streak Ends

5. Rebound… Maybe

Bitcoin led a broad crypto market rebound in tandem with stocks yesterday after Trump announced a one-month pause in tariff threats against Mexico and Canada. However, newly imposed U.S. tariffs on China – with Beijing’s retaliation still up in the air – continue to weigh on sentiment, preventing a complete market recovery.

4. MicroStrategy Streak Ends

After 12 straight weeks – going all the way back to late October – MicroStrategy has finally taken a breather on its bitcoin buying spree. Sign of the times? Is Saylor waiting out the tariff turmoil? No, not likely. Some suggest the pause likely stems from MSTR’s first-ever issuance of perpetual preferred stock, expected to close Wednesday and raise around $560 million to buy, you guessed it — even more bitcoin.

Either way, what a streak. In all, MicroStrategy bought about 1% of the bitcoin supply in just three months and now owns 471,107 BTC — more than 2% of the total number of bitcoin that will ever exist.

3. Stablecoin Legislation Moves Forward

Sen. Bill Hagerty (R-Tenn.) is expected to introduce a bill later today to create a “safe and pro-growth regulatory framework” for stablecoins. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the proposal requires stablecoins to be fully backed by T-bills, US dollars, or Fed notes, plus audited reports every month. Co-sponsors include Sens. Kirsten Gillibrand (D-N.Y.), Tim Scott (R-S.C.), and Cynthia Lummis (R-Wyo.). But, as past attempts at stablecoin legislation have shown, actually getting a bill through Congress has been anything but straightforward.

2. Robinhood to Offer Super Bowl Betting via Kalshi

Okay, we’ll admit… this news has nothing to do with crypto at face value. But as we have explained ad naseum, overlooking Robinhood (HOOD) as merely a “traditional finance” company is a mistake. In fact, HOOD is up more than 350% since writing this post.

So, while Robinhood allowing its users to bet on the Super Bowl in partnership with Kalshi may not seem like a crypto story, lurking below are all the underpinnings of a competitive move. Remember, Kalshi competes directly with crypto superstar and potential Coinbase acquisition target Polymarket. We wouldn’t be surprised to see Robinhood // Kalshi M&A in the near future.

1. Trump Announces Sovereign Wealth Fund

Hopes of a Strategic Bitcoin Reserve took another shot after Donald Trump’s surprise executive order about a US Sovereign Wealth Fund that didn’t immediately include wording about bitcoin. The odds of Trump creating a crypto reserve in the first 100 days, according to Polymarket, are now at their lowest yet (17%). And while Senators may be posting cryptic ₿itcoin tweets in response to the EO, that’s not helping anyone. Our bet? crypto is included in the Sovereign Wealth Fund, but merely as a small piece of the overall dollar amount.