Gemini’s soaring bitcoin display sets record, but bitcoin itself stays flat
Bitcoin’s price remains tepid, but companies keep adding it to their stockpiles.
Bitcoin’s price had a brief bump, thanks to a softer-than-expected CPI report, but it wasn’t enough to boost it much and didn’t last long. Bitcoin’s started the week at about $83,000 on Monday, March 10, and ended the week… around $83,000 as of Friday morning.
One thing that might help bitcoin’s price going into the weekend: today, Representative Byron Donalds is set to introduce legislation that would make President Trump’s executive order to establish a national strategic bitcoin reserve permanent. Bloomberg reported that the bill would “ensure that the reserve and stockpile could not be eliminated by executive action from a future president,” as executive orders are not legislation and can be reversed.
Despite bitcoin’s price staying flat, the Winklevoss twins wanted to display their love for the asset in a high-flying, record-setting way: their crypto exchange, Gemini, set a new Guinness World Record yesterday, with a 20-minute “bitcoin-themed light show” featuring 1,000 drones. The record? “The largest aerial display of a currency symbol formed by multi-rotor/drones.” They have the certificate to prove it.
LIVE: Largest Bitcoin in the Sky - Guinness World Record 🚀 https://t.co/EB8eaGccZE
— Gemini (@Gemini) March 14, 2025
Meanwhile, companies continued to add bitcoin to their reserves this week:
Japanese company Metaplanet added 162 bitcoin and now holds 3,050 bitcoin in its reserve.
Video-sharing platform Rumble added 188 bitcoin to its reserve, saying that the “move further emphasizes Rumble’s conviction in bitcoin as a valuable tool for strategic planning and reinforces the company’s expansion into cryptocurrency.”
“Wet trades” company Ming Shing said its wholly owned Hong Kong subsidiary, Lead Benefit, acquired 333 bitcoin, bringing its total to 833.
Bucking the trend, Hive decreased its bitcoin holdings. The tech company said on March 10 that it sold “a portion of its BTC to invest in capital assets, including Bitfarms’ 200 megawatt (‘MW’) hydro-powered bitcoin mining assets in Paraguay.”
