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Ahead Of The Curve
28 Apr 2025

Strategic Bitcoin Reserve Deadline Nearing

BTC gains 9% ahead of SBR deadline, with Strategy nearly depleting its $21B ATM. Expectations of a new ATM and legal clarity on the Strategic Bitcoin Reserve bolster a bullish outlook. Defensive perp funding and ETF inflows signal strong performance.
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Bitcoin strong ahead of SBR deadline
BTC sees a 9% weekly gain following a big Tuesday rally. Looking ahead, May 5 marks the deadline for the U.S. treasury to deliver an evaluation of the legal and investment considerations for setting up a Strategic Bitcoin Reserve. Official communication ahead of this deadline has been very limited, with little discussion of the matter among the public. However, we expect this to change as the date approaches. In addition, we expect Strategy's Q1 earnings on May 1 may reveal a new ATM program, likely fueling
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