Bitcoin surged past $81,000 on Thursday, driving significant gains for crypto-related equities including Strategy, Coinbase, and various mining firms amid favorable regulatory and macroeconomic developments.
Strategy CEO Phong Le defended the company's recent digital asset sales as the right trade to build cash reserves and strengthen its balance sheet, as the largest corporate holder of bitcoin resumes purchases.
Bitcoin treasury firm Strategy has strongly criticized MSCI's proposed index exclusion plan, labeling the initiative targeting digital asset operations as flawed, misguided, and discriminatory against the cryptocurrency.
Strive shares rallied after the firm acquired 1,800 bitcoins for $143 million, bringing its total treasury to 23,156 coins and making it the fifth-largest publicly traded corporate bitcoin holder.
Bitcoin treasury firm Strategy ended its ten-week acquisition pause by purchasing 4,603 bitcoins for approximately $370 million, bringing its total holdings to 845,050 bitcoins valued at $65.8 billion.
British investment firm Hargreaves Lansdown has reversed its previous stance to roll out bitcoin and crypto exchange-traded notes for retail investors, despite earlier warnings labeling the cryptocurrency as high-risk and volatile.
Hardware wallet maker Trezor revealed that a data breach involving third-party vendor ShipMonk is significantly larger than first estimated, exposing personal details for an additional 67,000 U.S. customers.
According to the IMF, El Salvador has not used public funds for its bitcoin reserves since its last loan review, acquiring the cryptocurrency entirely through private donations instead.
Bitcoin fell below $80,000 following an unexpectedly strong U.S. jobs report, which heightened concerns about potential Federal Reserve interest rate hikes and impacted the cryptocurrency market.
The National Sheriffs’ Association has withdrawn its opposition to the crypto Clarity Act, adopting a neutral stance as a Senate vote approaches this month to establish a digital asset regulatory framework.