Cryptocurrency

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A photorealistic depiction of Michael Saylor reviewing Bitcoin purchase details in a modern office with stacks of Bitcoin coins and financial charts.
Larawang ginawa ng AI

Strategy buys 535 bitcoin for 43 million dollars

Iniulat ng AI Larawang ginawa ng AI

Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.

Michael Saylor's Strategy could acquire at least 3,127 BTC this week through STRC share sales. The purchases may reduce Bitcoin supply and support higher prices as bulls target 100,000 dollars.

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Starknet introduced strkBTC on May 12, enabling Bitcoin holders to lock BTC and access shielded balances via an ERC-20 token. The token supports both public and private modes on the Starknet network. Users gain privacy tools but must rely on new intermediaries for the service.

Digital Asset Holdings is pursuing $300 million in new funding through its latest capital raise. The company operates the Canton Network and has secured leadership from a veteran crypto venture capital firm for the effort.

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Bitcoin traders are holding out for one more price dip before expecting the uptrend to resume with new highs.

LayerZero has acknowledged it made a mistake by allowing its own verifier network to secure high-value assets in a vulnerable setup. The admission comes weeks after a $292 million hack on Kelp DAO that the company had initially blamed on the developer. The firm says its core protocol remained unaffected.

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Toncoin doubled in price after Telegram announced plans to lead the TON network. The move positions the messaging app as the chain's main driver and largest validator. Traders viewed the shift as Telegram integrating the blockchain into its operations.

 

 

 

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