Bitcoin treasury firm Strategy abstained from purchasing cryptocurrency last week, allocating $139 million toward repurchasing shares of its preferred stock STRC while maintaining its massive bitcoin holdings.
The International Monetary Fund approved a $139 million payout for El Salvador while urging the nation to scale back its state involvement in Bitcoin-related activities and halt further accumulation beyond donations.
South African financial institution Absa has become the continent's first bank to provide bitcoin custody solutions, catering initially to institutional clients with plans to add more digital assets later.
Bitcoin surpassed $87,000 during Friday morning trading, driven by steady exchange-traded fund activity and a weaker-than-expected U.S. jobs report indicating higher unemployment.
Strategy has proposed shifting STRC, STRF, STRK, and STRD to daily dividends, aiming to enhance retail appeal and onchain composability while keeping annual dividend economics intact.
Frank Holmes of HIVE Digital Technologies explains how Bitcoin miners provide essential power and land for AI infrastructure, while discussing gold, money supply growth, and crypto adoption.