This week, we’re diving into three key stories shaping the crypto landscape. First, MicroStrategy kicks off 2025 with a bold move, adding over 1,000 Bitcoin to its massive holdings as part of its long-term strategy. Next, we explore the growing optimism around a potential U.S. Solana ETF, with industry experts predicting a high likelihood of approval this year. Finally, we take a closer look at the rising threat of phishing scams in the crypto world and share practical tips to help you stay safe in 2025 and beyond. Let’s break it all down!
Quick Look at This Week’s Stories
- MicroStrategy Adds 1,070 Bitcoin: The world’s largest corporate Bitcoin holder starts 2025 strong with a $101 million Bitcoin purchase, reinforcing its commitment to the cryptocurrency.
- Solana ETF on the Horizon?: Experts predict an 84% chance of a U.S. Solana ETF approval this year, signaling continued growth in crypto adoption.
- Phishing Scams are Crypto’s Top Threat: Over $1 billion was lost to phishing scams in 2024—learn how to protect your crypto with simple safety tips.
MicroStrategy Starts 2025 With Major Bitcoin Purchase
MicroStrategy, the largest corporate holder of Bitcoin, has kicked off 2025 with another big investment. On January 6, the company announced it had bought 1,070 Bitcoin for about $101 million in cash during the final two days of 2024. This purchase, made at an average price of $94,004 per Bitcoin, was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). With this latest acquisition, MicroStrategy now owns 447,470 Bitcoin—approximately 2.1% of all Bitcoin that will ever exist—at a total cost of around $27.97 billion.
The company’s ongoing Bitcoin buying spree is part of its broader strategy to use the cryptocurrency as a store of value and hedge against inflation. Co-founder Michael Saylor has described Bitcoin as superior to traditional investments like cash or gold, calling it a key asset for the future. MicroStrategy funds these purchases by selling company stock, making Bitcoin a central part of its long-term financial strategy. This latest move reinforces the company’s reputation as one of the strongest institutional supporters of Bitcoin.
Experts Predict High Odds for Solana ETF Approval in 2025
The chances of a Solana exchange-traded fund (ETF) being approved in the U.S. this year are increasing, according to predictions from industry experts and market data. On January 1, Polymarket, a popular cryptocurrency prediction platform, estimated a 77% chance of approval for a U.S. Solana ETF in 2025. Matthew Sigel, the head of research at VanEck, called this prediction “underpriced,” suggesting the odds may be even higher. Polymarket’s projection has since risen to 84%, reflecting growing confidence in the crypto community. This optimism aligns with expectations for more crypto ETFs following the U.S. Presidential election in November.
Despite the optimism, Solana ETF approvals face hurdles from regulators like the U.S. Securities and Exchange Commission (SEC). The SEC has raised questions about whether Solana qualifies as a security rather than a commodity, which could complicate approval. Companies like VanEck and 21Shares, which applied for spot Solana ETFs last year, are working to align their proposals with the structures used by Bitcoin and Ether ETFs. These existing ETFs use special models to meet regulatory standards, and Solana ETFs may need to do the same. If approved, a Solana ETF could bring more mainstream attention to cryptocurrency investing.
Phishing Scams Named Top Crypto Threat of 2024
Phishing scams were the biggest security threat to the crypto industry in 2024, costing victims over $1 billion across 296 reported incidents, according to blockchain security firm CertiK’s annual Web3 security report. These scams involve hackers tricking individuals into sharing sensitive information, such as private keys, through fake links or deceptive tactics. CertiK warned that the real number may be even higher, as many incidents go unreported. Phishing attacks were also the most financially damaging type of crypto scam, far surpassing other methods. With tactics expected to become even more sophisticated in 2025, CertiK emphasized the importance of staying vigilant.
To avoid becoming a victim of phishing scams, crypto users should follow a few simple practices. Always double-check the authenticity of links before clicking, and never enter private keys or passwords on unknown websites. Use multi-factor authentication (MFA) whenever possible to add an extra layer of security to your accounts. Be cautious of unsolicited emails or messages claiming urgent action is required, as these are common phishing tactics. Lastly, rely on official channels to verify updates or requests related to your crypto assets. By staying alert and cautious, you can reduce your risk of falling for phishing scams.
