Strategy announced an initial public offering (IPO) of 2.5 million shares of its STRD preferred stock on June 2, 2025. The company plans to use the funds raised for general corporate purposes, including acquiring additional Bitcoin and working capital. The STRD shares will carry an annual dividend rate of 10%,
Michael Saylor’s Strategy has purchased 705 more bitcoins for $75.1 million. The acquisition occurred between May 26 and June 1, as per an SEC filing published on June 2. The coins were bought at an average price of $106,495 each, during a week when Bitcoin dropped to an intraweek low
A Bank of America executive opined that the value of the US dollar may continue to decline in the coming months. The US dollar index has already dropped significantly this year. A further decline will result in a significant shift in the markets of dollar-denominated assets like Bitcoin and gold.
Cryptocurrency exchange-traded products (ETPs) recorded $286 million in inflows last week, marking the seventh consecutive week of gains, according to CoinShares’ June 2 report. The surge was led by Ether (ETH), which saw its strongest investment inflow since December 2024. ETH ETPs Outshine Bitcoin in a Volatile Week Ether ETPs
The shareholders of Meta have fiercely rejected a proposal to assess whether the tech giant should accumulate Bitcoin to its balance sheet. As per the May 28 regulatory filing, a proposal named “Bitcoin Treasury Assessment” was put before shareholders, receiving 3.92 million votes in favor. It was just 0.88% of
Metaplanet has recently increased its Bitcoin treasury by purchasing 1,088 additional BTC. This acquisition raised its total Bitcoin holdings to 8,888 tokens, valued at roughly $930 million. The company spent 16.89 billion yen ($117.5 million) to buy the latest Bitcoin batch at a price of 15.5 million yen ($108,051) per
Ross Ulbricht, founder of the defunct Silk Road marketplace, has received a 300 BTC donation, valued at approximately $31.4 million, according to Lookonchain. The transaction, verified by Arkham Intelligence, occurred around 2:00 AM UTC on June 1, 2025. This sudden influx of Bitcoin has triggered intense speculation across the crypto
In a shocking twist out of Prague, Czech Justice Minister Pavel Blažek just handed in his resignation after reports dropped that his ministry took a huge Bitcoin donation roughly around $45 million from a convicted drug dealer. The scandal’s exploding at the worst possible time, with national elections right around
Mega Matrix Inc., an NYSE-listed company, has taken bold steps to embrace digital assets, passing what is said to be a historic treasury shift. According to PANews, the board of directors has equated Bitcoin (BTC) and Ethereum (ETH) as reserve assets of the company. The initiative is designed to boost
The price of Bitcoin fell drastically to a multi-week low of $103,000 and is trading 1.59% low in the past 24 hours. Not only this, but altcoins such as SUI, LINK, DOGE, SOL, ADA, and more have also dropped. Contrasting this, the price of Cronos (CRO) surged by double digits
