Category: Bitcoin News

Strive Buys 2,500 Bitcoin, Holdings Reach 19K BTC as $4.2B Funding Plan Advances

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Key Takeaways Strive increased its bitcoin holdings to 19,000 BTC, enhancing exposure to cryptocurrency price movements. Cash and equivalents rose to $137.3 million, strengthening liquidity and supporting operational flexibility. Planned funding expansions could provide billions in capital for corporate needs, acquisitions, or additional treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S. Securities and Exchange Commission (SEC) shows that between May 23 and June 1, 2026, Strive Inc. (Nasdaq: ASST) purchased 2,500 bitcoin. The purchases lifted holdings to 19,000…

U.S. stocks are pulling capital away from Bitcoin: Binance Research

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Bitcoin has fallen below $70,000 as capital continues to flow toward a narrow group of high-performing U.S. equity sectors, according to a new analysis from Binance Research. Summary Binance Research linked Bitcoin’s recent weakness to record levels of capital concentration in U.S. equities, with AI, defense, and energy sectors attracting investor flows. Bitcoin has remained under pressure as ETF outflows exceeded $3.4 billion over 11 trading days, while Mt. Gox wallet transfers and macro uncertainty weighed on sentiment. Binance Research said past periods of extreme stock market concentration were often…

86% Long Liquidation Wave Exposes Bitcoin’s Breakdown Below $68K as ETF Pressure Builds

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Key Takeaways Bitcoin hit an intraday low of $67,521 on Bitstamp as ETF outflows and liquidations hit traders. Strategy sold 32 bitcoin, adding pressure to BTC sentiment after May’s outflows. Binance saw a $23.99M BTCUSDT liquidation as traders watched the $68K zone. Market data placed bitcoin’s low at $67,521 on Bitstamp’s one-hour chart as of June 2, with the asset falling from the roughly $73,900 area in about 24 to 48 hours. That marks an 8% move in a short window, with lower highs, lower lows, and red candles defining…

Capital B proposes €5 billion stock issuance to fatten Bitcoin treasury

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Capital B has sought shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments as the French Bitcoin treasury company pushes for additional capital to expand its Bitcoin holdings. Summary Capital B is seeking shareholder approval to authorize up to €5 billion in new equity issuance and €116 billion in credit instruments for future fundraising. The company has increased its Bitcoin holdings to 3,139 BTC after recent purchases funded in part by capital raised from institutional investors. The proposal comes as several…

Why Bitcoin ETFs are seeing record outflows

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US spot Bitcoin ETFs just posted the longest withdrawal streak in their history. Across nine consecutive trading sessions in late May 2026, extending toward a tenth, investors pulled roughly $2.8 billion out of the funds, with the total nearing $2.97 billion at its peak.  Summary U.S. spot Bitcoin ETFs posted a record nine-day outflow streak in late May 2026. Roughly $2.8B left the funds, while BlackRock’s IBIT lost about $2.04B across the streak. A $1.29B IBIT dark-pool block pointed to institutional reallocation, not broad retail panic. Macro pressure, AI stock…

NY Lawsuit Served a 2011 Bitcoin Wallet — Owner Moves $2.54M to Prove It’s Not Abandoned

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Key Takeaways A bitcoin wallet dormant since 2011 moved 35.55 BTC on June 2, directly undermining Noah Doe’s abandoned-property claim. Galaxy Research’s Alex Thorn flagged the move, noting the address was Salomon-dusted in the $293B NY lawsuit. A New York default judgment is expected by late June 2026, though full title transfer remains legally unlikely. The Move Noah Doe Likely Did Not Expect Galaxy Research flagged the transaction in real time. The address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, received its first coins on March 27, 2011, when one bitcoin traded for roughly $0.87, weeks…

HIVE Bitcoin holdings fall as revenue jumps to record $298M

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HIVE Digital Technologies ended fiscal 2026 with a smaller Bitcoin treasury even as revenue hit a record high, showing how miners are balancing growth, costs and AI expansion. Summary HIVE held 150 Bitcoin at year-end after mining 2,885 BTC and growing revenue 158% annually. HPC revenue rose 94% to $19.5M, while contracted recurring revenue reached $35M by year-end filings. HIVE plans a 320MW Toronto AI gigafactory for over 100,000 GPUs from late 2027, management. HIVE reported 150 Bitcoin in digital asset holdings as of March 31, 2026. That was down…

Polymarket Trader Loses $527K as Strategy’s First Bitcoin Sale Since 2022 Settles a Heated Bet

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Key Takeaways A Polymarket trader lost roughly $527,000 in one day on a wager tied to Strategy’s bitcoin holdings. Strategy sold 32 BTC for about $2.5 million on June 1, its first bitcoin sale since 2022. Corporate movements have continued to swing prediction-market odds and erase bets throughout 2026. A Bet Settled by an SEC Filing A Polymarket trader identified onchain as ‘willo2’ lost around $527,000 in a day after Strategy’s bitcoin sale was made public. The wager sat in a market over whether the company would sell any of…

Strategy Bitcoin sale sparks Polymarket dispute over rules

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A Polymarket trader has challenged the handling of a disputed market tied to Strategy’s Bitcoin sale, arguing that the written rules should count the sale date, not the disclosure date. Summary A trader says he bought 49,695.76 YES shares for about 35,000 USDC in the Strategy market. Strategy’s filing says it sold 32 BTC between May 26 and May 31 for about $2.5 million. The disputed market asks whether Strategy sold Bitcoin by May 31, but timing rules are contested. The dispute centers on the market asking whether MicroStrategy, now…

60 Million Moneygram Users Gain Access to a Self-Custodial Dollar via Stellar Stablecoin – Bitcoin News

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Key Takeaways Moneygram launched MGUSD on June 2, 2026, a self-custodial dollar stablecoin issued by Bridge (Stripe) on the Stellar blockchain. MGUSD gives Moneygram’s 60 million customers 24/7 access to digital USD across nearly 500,000 global retail locations. XLM demand stands to grow as every MGUSD transaction requires Stellar’s native token for fees and account reserves. What MGUSD Is and How It Works The stablecoin is issued by Bridge, a Stripe company that the firm describes as GENIUS Act-ready. Minting and burning run through M0’s smart contract infrastructure. Moneygram holds…