Crypto
Strategy buys 535 bitcoin for 43 million dollars
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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.
MoonPay has acquired Dawn Labs and rolled out an AI trading copilot designed for prediction markets. The move aims to simplify crypto trading through natural language prompts and automated strategies.
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The US Senate Banking Committee is scheduled to hold a markup on the CLARITY Act on May 14, with stablecoin rewards provisions remaining a key point of contention. Banking groups are pressing for tighter limits while the White House has accused industry leaders of skipping earlier negotiations.
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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Donald Trump advanced bitcoin's standing in U.S. policy through executive actions and new legislation during his term. Bitcoin's price performance and public adoption have shown mixed results since the 2024 election.
The Morgan Stanley Bitcoin Trust completed its first month of trading on May 8 without any net outflows, drawing $193 million in inflows since its April 8 launch.
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Strike CEO Jack Mallers has rejected the notion that Wall Street endangers Bitcoin. He described the digital asset as money for all and insisted it must stay open and accessible to succeed.
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