News linked to both this project and an event.
Jeff Walton (@PunterJeff) of Strive stated that Strive is raising funds at a rate of $8.1 million per day. If this capital is used to pay dividends, it could support the issuance of $15.5 billion worth of SATA tokens. Jeff Walton indicated that this amount of capital is equivalent to purchasing approximately 175,000 BTC at current prices, which would increase its total BTC holdings to 10 times its current size. (BitcoinTreasuries.NET)
According to on-chain analyst PeckShield (@PeckShieldAlert), Strategy sold 32 BTC (average price: $77,135, totaling approximately $2.5 million—0.0038% of its 843,000-BTC holdings) for capital allocation, and concurrently sold 801,994 common shares, raising roughly $128.3 million. This move symbolically broke its “never sell” principle, triggering market volatility: sUSDat—a staked stablecoin fully backed by digital credit (STRC)—briefly dropped nearly 7% to below $0.93 before rebounding to $0.98.
Odaily Odaily Alexandre Laizet, director of Capital B’s Bitcoin strategy board, stated on X that the company has submitted a new proposal to the board, seeking shareholder approval for a capital raising authorization of up to $122 billion. The proposal aims to accelerate its Bitcoin treasury reserve strategy, including a capital increase of up to €5 billion (equivalent to $5.8 billion) through 125 billion shares at current par value, and a credit instrument authorization of up to €100 billion (equivalent to $116 billion).Shareholders can vote online before the company's joint general meeting of shareholders on June 17. Previously, Capital B purchased 192 Bitcoins for $15.2 million, and subsequently acquired an additional 4 Bitcoins, bringing its total holdings to 3,139 Bitcoins. (cointelegraph)
According to official announcements, Deepcoin, a global cryptocurrency exchange, has officially obtained the Bitcoin Service Provider (BSP) license issued by the Central Reserve Bank of El Salvador, enabling it to offer Bitcoin custody, Bitcoin trading, and related exchange services within the country’s regulatory framework. This license is a key authorization under El Salvador’s Bitcoin regulatory system; applicants must meet requirements in governance, risk management, cybersecurity, and anti-money laundering (AML)/countering the financing of terrorism (CFT) compliance. Deepcoin stated that this approval marks a new milestone in its global compliance strategy.
French listed company Capital B (ALCPB) is seeking shareholder approval to raise up to $58.2 billion through a new share issuance and up to $116.4 billion through credit instruments to increase its BTC holdings. (BitcoinTreasuries.NET)
According to independent analyst Markus Thielen, Strategy’s recent small-scale Bitcoin sale following its May earnings call was interpreted by the market as a test of market reaction and the flexibility of its capital allocation strategy. Analysts noted that while Strategy remains highly bullish on Bitcoin, the success and expansion of its STRC preferred stock financing instrument may take precedence in its overall financial arrangements. This move breaks the company’s “buy-only, never-sell” market image maintained for nearly six years; given Strategy’s strong influence on Bitcoin demand, this shift is quietly reshaping market expectations.
According to the Central Bank of Russia’s “Financial Stability Review,” Russian private investors currently hold approximately 3.8 billion rubles in cryptocurrency-linked financial instruments—a figure nearly unchanged from 3.7 billion rubles six months earlier—indicating stagnation in market interest growth. Of this amount, 1.7 billion rubles flowed into crypto-linked corporate bonds; 5,600 investors collectively held cryptocurrency futures positions worth 1.7 billion rubles; and roughly 3,800 investors allocated 354 million rubles to digital financial assets pegged to Bitcoin and Ethereum. Major issuers include large banks such as Sber and VTB. Meanwhile, the Moscow Exchange has progressively launched Bitcoin and Ethereum futures, along with related ETFs, and will introduce Solana, Ripple, and TRON futures in May 2026.
market analysts have pointed out that if Elon Musk's proposed merger between SpaceX and Tesla proceeds, SpaceX may need to issue new shares equivalent to 94% of its current outstanding shares to acquire Tesla, increasing the total share count to approximately 8 billion. However, the financial logic of the transaction faces challenges. Tesla's GAAP net profit over the past 12 months has dropped from $15 billion in 2023 to $3.9 billion. After excluding regulatory credit revenue and Bitcoin gains, its core operating profit stands at only about $2.3 billion.Analysts believe that this transaction may essentially be an attempt to use a high-valuation asset to acquire another similarly overvalued company, leaving significant uncertainty regarding its long-term profitability and cash flow performance. The combined company's valuation could reach $3.4 trillion, with SpaceX estimated at $1.75 trillion and Tesla's current market cap around $1.65 trillion. Musk may be leveraging the high valuation from SpaceX's impending IPO to support Tesla, which is under earnings pressure. (Fortune)
Bitcoin mining company IREN announced the completion of a $3.65 billion investment-grade GPU financing to support its AI cloud contract signed with Microsoft. The financing includes $2.1 billion in US private placement bonds and $1.55 billion in delayed-draw term loans, with a blended debt cost of 6.00%. It is reported that this financing has been assigned ratings of A and A (low) by Fitch and DBRS, respectively, making it the highest-rated investment-grade GPU financing project publicly disclosed to date, as well as the first GPU financing case in the US private market. IREN stated that the financing is secured by GPU assets and related contract cash flows, which helps optimize its capital structure and supports the company's plan to expand its AI Cloud capacity to 480MW by the end of 2026.
According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.
: Texas Deputy Comptroller Kelly Hancock has officially appointed four external members to the Strategic Bitcoin Reserve Advisory Committee. Established pursuant to Senate Bill 21, the committee includes CleanSpark President and CFO Gary Vecchiarelli, Bitcoin mining firm Cormint founder and CEO Jamie McAvity, Southern Methodist University law professor Carla Reyes, and investment executive Laurie Dotter. They will advise the Comptroller on Bitcoin valuation, custody, and risk management. (The Block)
Bit Digital announced it will provide a $100 million delayed draw term loan facility to a subsidiary of WhiteFiber, an artificial intelligence infrastructure and high-performance computing provider in which it holds a majority stake. The facility can be expanded to $150 million upon mutual agreement and is intended to support WhiteFiber's recent expansion plans in high-performance computing and artificial intelligence.Bit Digital expects that draws under this facility will be funded in whole or in part through a credit line secured by Ethereum. This arrangement allows Bit Digital to earn a financing spread on the loan assets while maintaining exposure to Ethereum.Bit Digital has fully exited its Bitcoin mining operations. The company reported total revenue of $27.9 million and a net loss of $146.7 million for the first quarter of 2026. (The Block)
The stock prices of Bitcoin mining companies transitioning into AI and hyperscale computing continue to climb. IREN rose over 13% on Wednesday, nearing its all-time high. The company previously announced a $3 billion convertible bond offering, partnered with Nvidia to build 5 GW of AI data centers, and acquired Mirantis for $625 million; on Tuesday, it also reached a $1.6 billion agreement with Dell to supply Blackwell AI systems. Both Cipher and Hut 8 hit new record highs, with Cipher rising approximately 9.5% to $25, and Hut 8 increasing nearly 5% to $118. Hut 8 has surged nearly 600% over the past year. TeraWulf rose over 6% on Wednesday and has gained approximately 800% in the past year, with its HPC business quarterly revenue exceeding Bitcoin mining revenue for the first time.
10x Research posted an analysis on X, pointing out that as Bitcoin’s volatility continues to decline, the NAV premiums of most Bitcoin treasury companies have significantly contracted—some even turning into substantial discounts—resulting in visible losses for related investors. Historically, Grayscale’s GBTC briefly traded at a 47% discount in December 2022; at that time, investors could effectively buy Bitcoin through the product at an implied price below $10,000. The market had mistakenly viewed traditional finance–packaged crypto asset products as “Bitcoin leveraged tools.” In reality, these structures resemble options more closely: their implied value expands when volatility rises and contracts when volatility falls.
Jihan Wu posted on platform X, stating that Europe's current solar energy problem is no longer just about increasing power generation, but about a lack of sufficient flexible electricity demand to absorb excess energy. Citing the latest analysis from energy research firm Pexapark, he noted that the phenomenon of solar "cannibalization" in Europe is rapidly deteriorating:1. France's solar capture factor for April 2026 dropped year-on-year from approximately 0.42 to 0.10, a decline of about 75%, with nearly half of solar generation occurring during periods of negative electricity prices.2. Germany recorded 123 hours of negative electricity prices in April, a 65% increase year-on-year, with approximately 46.8% of solar generation falling into negative price territory.3. Spain's problem is no longer confined to summer. In February 2026, the solar capture factor plummeted from about 0.71 in the same period last year to 0.18, while the duration of negative electricity prices surged from 0 hours to 148 hours.Jihan Wu pointed out that this indicates the pace of solar deployment in Europe has outstripped the speed of grid flexibility infrastructure development. He argued that besides energy storage, grid expansion, and demand response, Europe should also pay attention to interruptible loads, including Bitcoin mining and other computing loads. Such loads can be activated when electricity is abundant and shut down when the grid is under stress, thereby acting as the "buyer of last resort" for surplus renewable energy. This would help reduce curtailment, improve the economics of solar projects, and enhance the profitability and financial viability of investments in power generation and grid infrastructure.
that, according to the latest report from crypto lending platform Ledn, the global market for Bitcoin-backed consumer lending could grow nearly 300 times over the next decade, reaching $1 trillion, while a significant amount of potential demand remains untapped.The report cites a survey conducted by consumer research firm Protocol Theory among 1,244 cryptocurrency holders in the United States and Australia. It shows that approximately 88% of respondents are willing to consider using crypto-backed loans or credit products, but only 14% have actually used such services, creating a so-called "6:1 interest-to-adoption gap."Ledn estimates that the current global market size for Bitcoin-backed consumer lending is around $3 billion. In comparison, Galaxy Research previously estimated the entire crypto lending market peaked at $73.6 billion in the third quarter of 2025. Ledn co-founder Mauricio Di Bartolomeo stated: "The demand-side problem has been solved. What the industry is truly missing right now is the trust infrastructure that allows borrowers to build confidence."The survey indicates that the core factors hindering user adoption of crypto-backed lending are not a lack of awareness, but concerns over price volatility, forced liquidation risks, and regulatory uncertainty. When choosing a lending platform, users prioritize platform reputation, custody security, transparency, and risk management over simple interest rates. The report argues that crypto-backed lending is essentially similar to "stock-backed financing" or "home equity loans" in traditional finance, allowing users to obtain liquidity without selling their long-term holdings. (CoinDesk)
According to The Block, Foundation, a Bitcoin hardware wallet manufacturer, has raised $6.4 million in funding. The round was led by Fulgur Ventures, with participation from Arche Capital. The company plans to accelerate its expansion from Bitcoin self-custody wallets into identity authentication, multi-factor authentication (MFA), and AI agent authorization. Following this round, Foundation’s total funding has reached $16.5 million. Meanwhile, Foundation has announced the full commercial launch of its flagship device, the Passport Prime, and opened its KeyOS platform SDK to developers. The device integrates a Bitcoin hardware wallet, FIDO security key, 2FA storage, secure vault, and 50 GB of encrypted storage.
DDC Enterprise Limited, a Bitcoin treasury company listed on the New York Stock Exchange, announced an additional purchase of 200 Bitcoins, bringing its total holdings to 2,583 and further strengthening the crypto asset allocation on its balance sheet.The average cost of this transaction was approximately $79,496 per coin. The company stated that no new shares were issued for this purchase. Without equity dilution, the Bitcoin holdings per 1,000 shares increased by 8.4% to 0.0543 BTC.According to the disclosure, DDC's BTC yield since the beginning of the year has reached 36.6%. With its current scale, the company ranks among the top 30 publicly listed companies globally in terms of Bitcoin holdings. The company emphasized that the closed loop of "value-added financing + value-added allocation" has been completed and plans to continue increasing BTC holdings in the coming weeks and months. The specific pace will depend on liquidity and balance sheet conditions, rather than short-term price fluctuations. (Businesswire)
According to CoinDesk, cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. Copper’s core asset is its ClearLoop custody-based settlement system, which enables institutional clients to execute delivery versus payment (DvP) transactions without moving assets on-chain, effectively eliminating settlement risk. The company currently boasts over 1,000 active counterparties and processes over $50 billion in notional trading volume monthly. Copper had previously considered an IPO, but the broader crypto IPO market has entered a wait-and-see phase amid sluggish Bitcoin prices and the capital-attracting effect of the AI sector.
Odaily News, Greeks.live analyzed on X platform that today, Bitcoin Put block trades accounted for nearly 40% of the total volume. The concentrated trades were bear put spreads for end-of-May, involving $75,000/$71,000 strikes, with a total notional value of nearly $200 million. Investors are leveraging the rebound to build defensive positions for the last ten days of the month.Overall, the market leans towards hedging against a pullback but does not anticipate a crash. May and June have traditionally been considered unfavorable months for the market. This month, major investors have been consistently increasing their defensive positions: buying effective protection, selling tail risk financing, and controlling costs.