Strategy Buys 1,142 BTC With New Equity as $49.6B Treasury Falls Below Cost

Strategy (formerly MicroStrategy) spent $90M to add 1,142 BTC as Bitcoin slid 23% in a month. Its 714,644 BTC—3.4% of supply—now sits at a ~$4.8B unrealized loss.

Cango Offloads $305M in Bitcoin, Retires BTC-Backed Debt to Power AI Pivot

Bitcoin miner Cango sold 4,451 BTC for $305M, paid down BTC-collateralized debt, and hired an ex‑Zoom CTO to drive an AI compute push—while keeping its mining business online.

Bithumb’s $43B Bitcoin Ledger Glitch Triggers FSS Probe, Payouts, and Fee Holiday

South Korea’s FSS probes Bithumb after a $43B internal Bitcoin credit error. Price on the venue hit $55K; 99.7% recovered. Users get payouts and zero fees for a week.

Bitcoin Fund Outflows Slow to $264M as XRP, ETH, SOL See Inflows; Record ETP Volumes Hint at Fragile Rebound

Bitcoin product outflows cooled to $264M from $1.7B while XRP, Ethereum, and Solana turned positive. Record $63.1B ETP volumes and thin spot liquidity flag a delicate bounce.

Saylor’s Strategy Adds 1,142 BTC for $90M as $49B Bitcoin Treasury Stays Underwater

Michael Saylor’s Strategy bought 1,142 BTC for $90M. Its Bitcoin hoard now tops 3.4% of the 21M cap—worth about $49B—yet the aggregate treasury value remains below cost.

Cango Sells 4,451 BTC, Unlocks ~$305M to Retire BTC-Backed Debt and Accelerate AI Infrastructure

Bitcoin miner Cango sold 4,451 BTC for about $305M, using proceeds to repay a bitcoin-backed loan and fund its AI infrastructure strategy. Here’s why that trade-off may be rational.

Crypto Liquid Funds Recalibrate After Bitcoin’s 20% Slide: What Comes Next

Bitcoin fell over 20% this week, jolting liquid crypto funds. Here’s how managers are resetting risk, where liquidity actually breaks, and the scenarios they’re gaming out next.

Bernstein Sees Today’s BTC Bear Thesis as Thinnest Yet, Reaffirms $150K Target for 2026

Bernstein says Bitcoin’s sell-off stems from sentiment, not structural issues, and keeps its $150K 2026 target. Here’s what that framing implies for BTC’s path, risks, and catalysts.

Bitcoin Jumps 12% as Coinbase Premium Narrows—Why This Still Looks Like a Relief Rally

Bitcoin rebounded 12% from $62,822 to $70,998 as the Coinbase Premium tightened from -0.23% to -0.06%. Derivatives point to a short squeeze, with macro and U.S. data still in focus.

Bitcoin’s Quantum Risk Is Distant and Scoped—Plan for Migration, Not Panic

CoinShares says quantum computers are 10–100,000x too weak to endanger Bitcoin. Millions of qubits would be needed; 1.7M BTC in legacy P2PK is the main edge case. Gradual upgrades win.