With assets increasing from roughly $100 million at the end of 2025 to around $235 million as of March 31, Intesa Sanpaolo, the biggest bank in Italy, more than doubled its crypto exposure in the first quarter of 2026. The bank increased its holdings in the ARK 21Shares BTC ETF and
On Thursday, the trading volume of Strategy’s perpetual preferred stock, STRC, reached a new high of $1.5 billion. STRC is the principal instrument via which Strategy plans to finance its Bitcoin acquisitions in 2026. Volume hits record high. Michael Saylor, chairman, mentioned Strategy’s Variable Rate Series A Perpetual Stretch Preferred
With Bitcoin still below $80,000 and other altcoins suffering steep losses, Thursday’s crypto market was muted. After falling as low as $78,720 on Wednesday, the biggest cryptocurrency was lately trading around $79,800. Most importantly, it is still trading below the weekly open price of $82,500. Rising Inflation Concerns and Global Political
It seems like a major momentum that was intended to propel bitcoin’s spectacular surge above $80,000 is starting to fade. After collecting $3.29 billion from investors in March and April, eleven U.S.-listed spot bitcoin ETFs have begun to bleed capital. The most significant single-day net outflow since January 29 occurred
Nakamoto, a Bitcoin firm, completed two significant strategic acquisitions in February to broaden its reach throughout the Bitcoin ecosystem. As a result, the company’s Q1 revenue increased by 500% compared to the previous quarter. Despite posting a net loss of $238.8 million, Nakamoto CEO David Bailey said on Wednesday that
The 200-day Simple Moving Average (SMA) at $82,455 and the 200-day Exponential Moving Average (EMA) at $82,027 are two prominent long-term trend indicators that Bitcoin is trading narrowly below, as seen by Glassnode data. This indicates that Bitcoin is engaged in a crucial technical struggle. At the time of writing,
As a result of global events, Bitcoin saw traditional end-of-week volatility, with a price that momentarily surpassed $82,000. Unfortunately, the increase was short-lived, according to CMC data, as BTC/USD swiftly dropped back around the $80,000 level. As a consequence, liquidity grabs occurred, which balanced out the long and short positions in
After suggesting on Tuesday’s earnings call that the Bitcoin treasury firm would sell off some of its holdings occasionally, Strategy co-founder Michael Saylor hinted that the firm may start buying Bitcoin again this week. Saylor used the phrase “back to work, BTC” in a Sunday X post, which has been
As Bitcoin fell below $80,000, US-listed spot Bitcoin (BTC) ETFs ended a five-day influx of roughly $1.7 billion. According to SoSoValue statistics, Bitcoin funds had their first daily outflow in May of $277.5 million on Thursday. According to Farside, the top two funds in terms of outflows were the Fidelity Wise
There was a brief period of volatility in the cryptocurrency market on Tuesday night when Strategy (MSTR) chairman Michael Saylor said that his business would sell bitcoin to pay dividends from the STRC instrument. This announcement caused the market to be turbulent. But on Wednesday morning in Europe, after rising by
