The US Morning Crypto News Briefing provides a comprehensive overview of the latest developments in the cryptocurrency sector, offering insights into the most significant events shaping the industry for the day ahead.

As analysts weigh in on Bitcoin's performance, the ongoing rivalry between the influential Bitcoin conglomerate Strategy, formerly known as MicroStrategy, and Jack Mallers' investment firm, 21 Capital, has sparked discussions about the true meaning of success in the Bitcoin ecosystem. This debate comes as both entities face scrutiny over their respective Bitcoin strategies.

Last week, Strategy made headlines by acquiring an additional 15,355 BTC, amounting to approximately $1.42 billion, at an average purchase price of $92,737. This acquisition brings Strategy's total Bitcoin holdings to 553,555 BTC, which are currently valued at around $52.7 billion. With an average acquisition cost of $68,459, the firm's unrealized profit stands at $14.8 billion.

Concurrently, as Strategy intensifies its Bitcoin purchasing activities, 21 Capital is generating a \"viral effect\" by encouraging other companies to accumulate Bitcoin. A recent US Crypto News report emphasized the emergence of 21 Capital, which was established following a capital infusion of $3 billion from Cantor Fitzgerald, SoftBank, Tether, and Bitfinex.

From a sentiment perspective, this new venture could unintentionally challenge Strategy's leadership role in corporate Bitcoin ownership within the model framework. According to 21 Capital, Strategy's scale might hinder its ability to increase Bitcoin per share, a metric often scrutinized by investors.

Rumors suggest that 21 Capital poses a potential threat to the firm led by Michael Saylor, BitStrategy, prompting one of Strategy's shareholders to critique the rival company's operational model. In a thorough post on X (Twitter), BitStrategy recognized the growing tension in the Bitcoin treasury landscape. Nevertheless, it asserts that Strategy remains superior to its competitors.

Beyond BTC Yield, as noted in a previous US Crypto News publication, the firm has established crucial performance metrics, namely BTC Gain and BTC $ Gain, several months ago. This forward-thinking approach by Strategy indicates a dedication to maintaining its status as a premier Bitcoin-holding entity despite emerging rivals.

Nonetheless, analyst Kenji Koshu posits that while Strategy may exhibit considerable Bitcoin gains, smaller firms such as 21 Capital might attain greater Bitcoin per share ratios. This perspective mirrors sentiments expressed by 21 Capital regarding the challenges faced by Strategy due to its extensive size.

BitStrategy clarified that the introduction of BTC Gain and BTC $ Gain highlights the significance of evaluating organizational performance from a holistic standpoint rather than focusing solely on per-share metrics. From the shareholder's viewpoint, there is no universally accepted standard for valuing Bitcoin-focused enterprises, implying that any chosen metric carries some degree of subjectivity.

In light of this uncertainty, BeInCrypto reached out to Max Keiser, a prominent figure in the Bitcoin community who played a pivotal role in El Salvador's adoption of Bitcoin. Keiser opined that the global financial system is transitioning towards a Bitcoin Standard, predicting that traditional fiat currencies, even those bolstered by stablecoins, are destined to decline.

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