Happy Monday!

Bitcoin and the rest of crypto are coming off a monster week and may not stop there. One prominent analyst says ‘it’s just the beginning’.

Strategy is still holding back on buying new Bitcoin but has bolstered its USD reserves some more. Here’s the latest from Michael Saylor’s company filing.

Plus, learn how to use options-based income strategies to capture market upside. Join Jay Hatfield, CEO of Infrastructure Capital Advisors and Benzinga on Thursday, September 10. Register For Free

Benzinga Trivia Contest: Test your market knowledge for a chance to win $500, as well as FREE Benzinga PRO and EDGE Subscriptions. It only takes 30 seconds.

TOP STORY

The Bitcoin, Ethereum, XRP Record Week Was Just 'The Beginning,' Prominent Analyst Says

Bitcoin, Ethereum and XRP delivered a monster week, but Milk Road analyst John Gillen says the crypto rally may be “the beginning, not the end.”

BTC jumped about 24%, ETH ripped 32% and roughly $4 billion in shorts were liquidated as Treasury buybacks, Trump’s pro-crypto White House moment and fresh institutional positioning lit up the market.

Gillen says Ethereum may be the real trade from here, with record ETF inflows, dominance in tokenized real-world assets and growing Wall Street interest in stablecoins, tokenization and blockchain settlement.

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MARKET MINUTES

Cathie Wood is all bulled up on Circle and says analysts ‘can’t fathom’ the potential upside of CRCL. What makes her so confident?

Bitmine continues scooping up ETH and that is looking pretty good now after a 30% rally in one week. Here’s the latest from Tom Lee’s company.

Peter Schiff is, as usual, ringing the alarm bell on crypto. This time he says AI is not going to be bullish for crypto — here’s what makes him think that.

FINTECH FOCUS

Strategy Raises $2 Billion as Bitcoin's 24% Surge Turns Holdings Profitable

Strategy raised $2 billion as Bitcoin’s 24% weekly surge flipped its massive BTC stack back into profit.

The company sold 18.26 million MSTR shares, added $300 million to its USD Reserve, bought back preferred stock and parked $1.59 billion in a new flexible cash pool that can be used for Bitcoin buys, debt, dividends or share repurchases.

With 840,447 BTC now sitting on roughly $2.4 billion in unrealized gains and MSTR testing the $122 technical level, traders are watching whether Strategy’s bigger cash cushion turns into another Bitcoin accumulation push.

BENZINGA TRIVIA CHALLENGE

💰 $500 Cash Prize Is Back — Play Now 💰

Congratulations to all of our winners who participated in our weekly trivia challenge this past week. Join the fun by testing your market knowledge, learn something new, and win some awesome prizes.

As a reminder, the $500 cash prize is back on the table this week, as well as Benzinga PRO and EDGE subscriptions.

The Winners

🏆 1st Place: Bmusgerd (166)
🥈 2nd Place: Digiteratus (124)
🥉 3rd Place: GoldAndSilver (116)
🏅 4th Place:: Huanglong1 (110)

Take The Quiz — Win $500

Winners are determined by the highest individual quiz score at the end of each week. Most questions are taken directly from the content inside the newsletter so be sure to read it each day.

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You can improve your chances of winning by taking the quiz each day to improve your highest daily score. Missed a quiz? Go back and open any newsletter during that week to start competing. Quizzes are only available through this newsletter.

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