Grayscale Bitcoin Mini Trust ETF

BTC

Market cap $5.06B

Bitcoin (BTC 0.01%) set another all-time high on Monday, Oct. 6, breaking the $125,000 barrier and leading to a surge in cryptocurrency prices. The cryptocurrency market cap -- the total value represented by cryptocurrencies -- also topped a record $4.38 trillion, up more than 12% in 30 days.

CALGARY, Alberta--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) (“DevvStream” or the “Company”), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today reported current holdings and progress under its crypto-treasury program, which is designed to add 24/7 liquidity and generate staking income. Portfolio snapshot (BitGo custody): Bitcoin ($BTC): approximately 22.229 BTC held, valued at (US) $2,716,162 as of October 7, 2025. Solana.

Although there are literally thousands of different cryptocurrencies, only a relatively small number have shown their staying power for a decade or longer. Of these, only a handful have been worth buying and holding for the long haul.

Conventional wisdom says never chase last year's winner. During the last 12 months, Dogecoin (DOGE 0.78%) is up by roughly 140%, outpacing Bitcoin's (BTC 0.10%) 100% climb.

The US economy shows mixed signals with inflation near 3%, decent GDP growth, but a softening labor market amid high 10-year yields and Fed politicization. Yet, US equities are at an all-time high. I think this is an effect of USD debasement; the S&P 500 is flat in gold terms since 2016 and declining in Bitcoin terms. Global expansionary monetary and fiscal policies, compounded by demographics, AI disruptions, and geopolitics, erode governments' credibility worldwide, including America's.

Reiterate a buy rating on Bitcoin, citing renewed perspectives with new ETFs. The on-chain metrics studied also seem like a great combination to take Bitcoin to a new ATH. Despite modest September gains, BTC is decoupling from traditional assets, offering portfolio diversification and risk management benefits. Maintain a $138,000 target price for BTC by the end of 2025, supported by strong seasonality and expanding institutional participation, while noting risks from large holder sell-offs.

Bitcoin market cycles are being disrupted by rising institutional ownership, now at 14%, leading to greater price stability. Traditional whale-driven sell-offs are less effective as institutional investors hold for the long term and are less swayed by volatility. BTC's largest recent drawdown was only 30%, compared to 50% in 2021 and multiple 30% drops in 2017, highlighting increased resilience.

It's hard to argue with the long-term performance of Strategy (MSTR -2.46%). Since this high-profile Bitcoin treasury company started accumulating Bitcoin (BTC 0.11%) in August 2020, its stock is up more than 2,300%.

Being a long-term, buy-and-hold investor in crypto is harder than you might think. The crypto market is populated by short-term momentum plays, speculative meme coins, and a bunch of trendy tokens that soar in value before eventually crashing back to earth.

Dogecoin (DOGE) is the cryptocurrency industry's original meme token, and owning it is not for the faint of heart due to its extreme volatility. It beat every other major cryptocurrency in 2024 with a whopping 250% gain, but it's nursing a 14% loss in 2025, and it remains 63% below its 2021 record high.