Strategy Acquires 15,355 Bitcoin for $1.42B + Coinbase Launches Coinbase Bitcoin Yield Fund

Strategy Acquires 15,355 Bitcoin for $1.42B as Holdings Top $50B and Market Cap Nears $100B

Michael Saylor’s company, Strategy, added 15,355 Bitcoin to its holdings between April 21 and 27, spending $1.42 billion at an average price of $92,737 per BTC. This increased Strategy’s total Bitcoin stash to 535,555 BTC, now worth over $50 billion. The latest purchase is the company’s largest since March and comes as Bitcoin surged from $87,000 to nearly $94,000. Strategy reported a 13.7% BTC yield year-to-date and aims for 15% in 2025. Meanwhile, its market capitalization is approaching $100 billion, with MSTR shares up 23% so far in 2025.

Mastercard Expands Into Stablecoin Payments With Global Support Across 150 Million Merchants

Mastercard announced it will enable consumers to spend and merchants to accept stablecoins, integrating them into its global payment network. Through partnerships with OKX, Circle, and Paxos, users will be able to earn rewards, pay, and withdraw stablecoins via traditional Mastercard products at over 150 million merchant locations. This move comes as U.S. lawmakers consider stablecoin legislation and stablecoin adoption accelerates, with the market exceeding $230 billion in supply and handling over $5.1 trillion in transactions during the first half of 2024. Mastercard emphasized the potential of stablecoins to streamline payments across the economy.

Arizona Advances Bills to Create Bitcoin Reserve, Leading State-Level Crypto Adoption Efforts

The Arizona House of Representatives passed two bills, SB1025 and SB1373, that would allow the state to create a strategic reserve using Bitcoin or other digital assets. SB1025 passed with 31 votes in favor, while SB1373 received 37 votes. These bills, if signed into law, would enable the state treasurer to allocate up to 10% of investments into Bitcoin and other cryptocurrencies. Arizona’s efforts bring it closer than any other U.S. state to formally adopting a Bitcoin reserve. This move parallels federal initiatives, including an executive order by former President Trump proposing a national Bitcoin reserve, supported by lawmakers like Senator Cynthia Lummis.

Coinbase Asset Management Launches Coinbase Bitcoin Yield Fund to Meet Institutional Demand for Bitcoin Yield

Coinbase Asset Management introduces the Coinbase Bitcoin Yield Fund (CBYF), a conservative strategy targeting 4-8% annual bitcoin returns. The fund aims to address the lack of yield generation in bitcoin by offering a lower-risk alternative for institutional investors. CBYF utilizes third-party custody and avoids high-risk investments like bitcoin loans and call selling. Seeded by investors such as Aspen Digital, the fund is set to launch on May 1, 2025, with an estimated $1B AUM and available to international investors.

Resources:

azleg.gov

Coinbase

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