Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,291.04 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings. The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting. The […]
“This week we have seen some large blocks in BTC topside call spreads,” Jean-David Péquignot, chief commercial officer at Deribit, told CoinDesk. Options flow of this size and repetition often reflects institutional positioning rather than retail activity, given the capital required and the precision of the strike selection. The timing is notable for two reasons. […]
President Donald Trump said there is ‘nothing wrong’ with the money his family has made in crypto, responding to financial disclosures that showed he earned at least $1.4 billion from the industry last year. Asked in a CNBC interview on Thursday at the White House whether he knew about the ventures, Trump said “I could […]
SpaceX has priced its shares at $135, according to a filing with the U.S. Securities and Exchange Commission on Thursday, setting the stage for one of the most closely watched public market debuts in recent years. The company sold 555.6 million shares at that price, raising $75 billion, making it the largest IPO ever, easily […]
SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission. The aerospace company plans to sell 555.6 million shares […]
A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week might have been driven by a large investor seeking a rapid exit from bitcoin exposure rather than the unwinding of a common hedge-fund trading strategy. That’s according to an analysis published by crypto investment firm NYDIG. The transaction took place on May […]
U.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024. SoSoValue data Over the nine-session run, investors pulled roughly $2.8 billion from the funds, surpassing any previous period of sustained selling pressure. U.S. spot bitcoin ETFs have shed approximately […]
Bitcoin BTC$75,328.36 is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs. The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its […]
Payward, the parent company of crypto platform Kraken, is raising new capital at a $20 billion valuation, according to two people with knowledge of the matter. Kraken declined to comment on the raise. The latest fundraising round comes as the company ramps up spending on takeovers. Most recently, it bought stablecoin-focused payments firm Reap for […]
Bitmine Immersion Technologies (BMNR) began trading on the New York Stock Exchange on Thursday, moving from the NYSE American as it scales its crypto-focused treasury strategy. The company paired the uplisting with an increase in its share repurchase program, raising the authorization to $4 billion from $1 billion. The buyback ranks among the largest announced […]
Robinhood’s (HOOD) board has approved a new $1.5 billion share repurchase program, according to an 8-K filing with the U.S. Securities and Exchange Commission. It adds more than $1.1 billion to existing buyback capacity. The company said it expects to carry out the plan over about three years starting in the first quarter of 2026, […]
Bitcoin briefly pushed toward $74,000 this week, buoyed by a string of bullish developments that have tied the crypto industry ever closer to traditional finance. Some market observers began calling this a bullish rally, with one analyst even saying that the new run ‘has legs.’ Yet the rally didn’t last. By the end of the […]