Happy Monday!

Bitcoin has plummeted below $113,000 and one billionaire saw it coming: here’s who warned of stalling Bitcoin momentum just before the crash.

Strategy and Metaplanet remain undeterred by yet another dip and have once again accumulated more BTC: here are the details around this latest buy.

Plus, the recent swings in silver and gold have been some of the biggest of the year. If you’re interested in learning how to trade them before the next breakout, check out Wednesday’s free live training: exclusive invitation for Benzinga readers only.

TOP STORY

'I'm Not A Crypto Person At All', Says Billionaire Investor Who Sees Bitcoin's Momentum Stalling

Billionaire investor and DoubleLine Capital CEO Jeffrey Gundlach has voiced skepticism about the crypto industry’s credibility and stability.

In an interview on CNBC on Sep.19, Gundlach compared crypto strategies to past financial products like Portable Alpha and 130/30 strategies, noting that such trends appear every few years and he personally avoids them.

“I am not a crypto person at all,” he said, highlighting that Bitcoin has underperformed gold this year despite significant gains.

After today’s liquidation cascade, that call seems like a premonition.

What else did Gundlach say?

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are reeling from an overnight liquidation cascade: here’s what’s driving the market today.

Michael Saylor has his own theory on why Bitcoin just cannot break out to new highs — here’s what he said.

Eric Trump thinks further Fed rate cuts will help prop up the crypto market, but Polymarket traders are not so sure about that.

SPECIAL EVENT

Where Fintech’s Future Takes Shape

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FINTECH FOCUS

Strategy, Metaplanet Report New Bitcoin Purchases As BTC Slides To $113,000

Even as Bitcoin dropped to $113,000 from recent highs near $117,000, corporate crypto treasuries continue their aggressive accumulation.

In its Form 8-K filed with the Securities and Exchange Commission on Sep. 22, Strategy disclosed the acquisition of 850 Bitcoin.

Metaplanet, listed on the Tokyo Stock Exchange, has purchased 5,419 Bitcoin for around $632.53 million at almost $116,724 per Bitcoin.

The company has achieved a BTC Yield of 395.1% on a year-to-date 2025 basis.

What’s next for these companies?

Read the full scoop here. 

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