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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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XRP rose more than 2.5 percent on May 10 to break through the $1.45 level that had capped gains for weeks. The move outpaced both bitcoin and ether and occurred alongside one of the largest volume spikes in recent sessions.
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.
European Central Bank President Christine Lagarde cautioned against promoting privately issued euro-pegged stablecoins during a speech on Friday. She urged Europe to focus on central bank-backed infrastructure instead.
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Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.
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