Strategy's $2B and Metaplanet’s $6.6M Bitcoin Purchase, XRP ETF Approval in Brazil, Opensea’s NFT Market Revival with $SEA Token: Feb 21

As of February 20, 2025, Bitcoin is trading at approximately $98,367.83, reflecting a +0.02% increase over the past 24 hours. Ethereum is priced around $2,752.79, up 0.41% in the same period. The digital asset market shifts rapidly as corporate giants and innovative platforms drive momentum as Strategy plans to buy an extra $2B in Bitcoin as Metaplanet hits a key milestone in BTC accumulation. Furthermore, XRP gains strength with Brazil's first spot ETF approval while Opensea reclaims its NFT market share after launching its $SEA token. This article details technical figures and bold strategies that shape the future of digital finance.

 Crypto Fear & Greed Index | Source: Alternative.me 

The Fear and Greed Index has increased to 55, indicating a neutral market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility.

• President Donald Trump aims to lead in every sector, including cryptocurrencies calling America the “crypto capital” during a conference on Wednesday.

• Strategy announced the pricing of a $2 billion convertible senior note offering.

• Brazil's Braza Group will issue the BBRL stablecoin on the XRPL (XRP Ledger).

• UAE saw a 41% increase in crypto app downloads in 2024.

• Tether introduced an innovative financing solution named TradeFi.

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Source: Jim Wyckoff

As of writing, Bitcoin’s price currently is $98,367.83. Bitcoin futures for March firmed up in early US trading on Thursday, February 20, 2025. Although the daily bar chart shows a downtrend line that gives bears a slight near-term edge, key support and resistance levels offer a stable base for future gains. Institutional interest and rising buyer activity fuel a healthy consolidation phase that sets the stage for an upward breakout. Many investors view this temporary correction as a launchpad for positive Bitcoin movement in the coming weeks.

Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption

Source: X

Strategy formerly known as MicroStrategy pushes ahead with an aggressive Bitcoin accumulation plan. On February 20, 2025, Strategy announced a $2B convertible senior notes offering set to close on February 21, 2025. Noteholders convert at a rate of 2.3072 MSTR shares per $1,000 principal amount which yields a conversion price of $433.43 per share reflecting a 35% premium over the weighted average stock price on February 20, 2025. The zero-interest notes mature in 2030 and conversion conditions apply until December 3, 2029 after which noteholders may receive cash or Class A common stock. Furthermore, Strategy holds 478,740 BTC valued at over $46B. Moreover, the Japan-based firm Metaplanet bought 68.59 BTC for approximately $6.6M at an average price of $96,335 per Bitcoin. Its total holdings now reach 2,100 BTC valued at over $204M. CEO Simon Gerovich stated, "We’re honored to stand alongside industry leaders and remain committed to demonstrating what a Bitcoin-first approach can achieve for listed companies." He targets 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. Furthermore, Metaplanet also holds a 6.27% weighting in the CoinShares Blockchain Global Equity Index.

Source: X

Read more: MicroStrategy Buys More Bitcoin with $1.1B, Pushing Holdings to 461K BTC

Source: KuCoin

XRP surged ahead of Bitcoin and Ethereum after Hashdex secured regulatory approval to launch Brazil’s first spot XRP ETF. On February 20, 2025, data showed XRP jumped 6% reaching $2.75 and emerged as the best performer among the top 10 cryptocurrencies by market capitalization. Furthermore, the token gained over 10% amid rising institutional interest. Moreover, the Hashdex XRP ETF offers direct exposure to XRP’s price movements and expands the firm’s suite of crypto ETFs which include Bitcoin and Ethereum. Although the official launch date remains undisclosed, the fund has been in development since December 2024 and is now in its pre-operational phase. Furthermore, Ripple CEO Brad Garlinghouse acknowledged the development on his official X account. Moreover, Brazil now ranks among the top 10 countries for crypto adoption and leads in crypto investment products having launched the world’s first spot Solana ETF. In the US, the SEC reviews pending XRP ETF applications while legal uncertainty remains and market analysts expect the agency to resolve its Ripple case before granting approvals.

Read more: The Race for Strategic Bitcoin Reserves: More U.S. States Move Toward Crypto Adoption

Source: X

Opensea reclaimed its dominant position in the Ethereum NFT marketplace after announcing its long-awaited $SEA token on February 13, 2025. Furthermore, its market share surged to 71.5% this past week from 25.5% four weeks earlier. Moreover, the increase occurred when its share jumped from 42.4% to 71.5% in one week as Blur lost volume. Furthermore, the platform now facilitates an average of $17.4M in daily NFT trading volume compared to $3.47M in the five days before the token announcement. Daily transactions rose to 14,700 from 6,100. Moreover, US users qualify for an airdrop based on historical usage during the peak NFT era in 2021. This surge marks a revival in Opensea’s position and solidifies its role in the evolving NFT landscape.

Read more: OpenSea Teases SEA Token Launch Amid Community Concerns

The digital asset market enters a new phase as corporate strategies and innovative products fuel growth. Furthermore, Strategy and Metaplanet drive Bitcoin accumulation with a $2B move and ambitious BTC targets. Moreover, XRP gains renewed momentum with Brazil’s first spot ETF and growing investor confidence while the SEC reviews pending applications in the US. Additionally, Opensea reclaims market share with a dramatic rise in NFT trading volume after its $SEA token launch. Together, these developments present a clear and dynamic future for digital finance that blends technical precision with bold market momentum.