Category: Bitcoin News

Blackrock IBIT Dark Pool Trade Tops $1.29 Billion as Bitcoin Stays Flat Above $75,000

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Key Takeaways Blackrock’s IBIT saw a $1.29B dark pool block trade on May 26, 2026, the largest single institutional bitcoin ETF print on record. Galaxy Research’s Alex Thorn estimated the trade equaled roughly 16,400 BTC, yet IBIT closed up slightly at $42.99. Wednesday ETF flow data will confirm whether the trade triggers record single-day bitcoin ETF outflows or reflects simple rebalancing. As of publication, the stats have not been released. Blackrock Bitcoin ETF Sees Largest Institutional Block Trade According to several reports, the order was executed around 10:30 a.m. ET…

Smarter Web Adds Bitcoin Below Cost Basis as Leverage Questions Grow

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The Smarter Web Company has increased its Bitcoin holdings after buying another 10 BTC, adding to its growing treasury strategy. Summary The Smarter Web Company purchased 10 more Bitcoins and raised its total holdings to 2,869 BTC. The company used its Coinbase credit facility to support its Bitcoin treasury strategy while keeping leverage at about 12.19%. The latest purchase places the firm among publicly listed Bitcoin treasury companies expanding their BTC reserves. The Smarter Web Company said in a May 26 disclosure that it purchased 10 Bitcoin at an average…

Bitcoin Dips Below $76,000 as Traders Dump Longs and Momentum Fades

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Key Takeaways On Tuesday morning, bitcoin suffered a $2,000 flash crash that erased its recent weekend gains. The sudden market volatility triggered nearly $350 million in liquidations across the crypto space. U.S. and Iran negotiators are expected to continue tense diplomatic talks for several more days. Military Clashes Derail Weekend Rally Bitcoin’s trademark volatility was triggered anew on Tuesday morning, as a violent flash crash erased $2,000 in value in a mere three-hour window. The number-one cryptocurrency tumbled below the psychologically important $76,000 support level, violently rejecting its earlier high…

Bitcoin treasury Strive buys $85.4M to beat Coinbase

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Strive Bitcoin treasury holdings reached 16,500 BTC after an $85.4 million buy that leapfrogged both Coinbase and Riot Platforms. Summary Strive (NASDAQ: ASST) disclosed via 8-K on May 26 that it purchased 1,109 Bitcoin for $85.4 million at an average of $76,988 per coin between May 19 and May 22. The purchase pushes Strive past Coinbase’s 16,492 BTC and Riot’s 15,680 BTC holdings, making it the seventh-largest public corporate Bitcoin holder per BitcoinTreasuries data. Strive reported a 23.4% year-to-date Bitcoin yield and an amplification ratio of 45.2%, funding purchases through…

Cathie Wood doubles down on Bitcoin with bold $1.25M prediction

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Cathie Wood has raised her long-term Bitcoin forecast to as high as $1.25 million, even as the cryptocurrency trades below key resistance levels during another period of macro uncertainty. Summary Cathie Wood raised ARK Invest’s five-year Bitcoin target to $750,000 in its base case and $1.25 million in its bull-case scenario. ARK Invest’s Big Ideas 2026 report projected Bitcoin’s market capitalization could grow from $2 trillion to $16 trillion by 2030. Bitcoin traded near $77,000 as ETF outflows, Fed rate concerns, and U.S.-Iran tensions continued pressuring crypto markets. Speaking in…

Bitcoin snaps back above $78k in sharp short squeeze

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Bitcoin briefly reclaimed the $78,000 level in a violent short squeeze that added roughly $30 billion to its market capitalization within an hour, before volatility quickly returned. Summary Bitcoin jumped around $1,400 in a single hour to trade back above $78,000 Roughly $25 million in short positions were liquidated during the move Traders remain split on whether the spike marks a sustained breakout or another fake-out Bitcoin (BTC) ripped roughly $1,400 higher in about an hour on Tuesday, spiking back above $78,000 as a wave of forced liquidations flushed out…

Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains

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Key Takeaways Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs. Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery. Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock’s market dominance. Long BTC Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall According to Bitfinex’s latest report, the May 23 deleveraging event this weekend wiped out $766 million in aggregate positions, including $458 million in longs, marking the largest single liquidation in three…

Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer

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Key Takeaways. Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million. Bitcoin burn wallet holdings reached 807 BTC, valued at nearly $62.15 million. Counterparty burned 2,131 BTC in 2014, fueling renewed proof-of-burn debate. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According to onchain data, on Monday, May 25, an unidentified wallet transferred 107.1302 BTC valued at more than $8.2 million to what is known as a burn address. In simple terms, a burn address is a public…

TeraWulf’s Kentucky AI build shows miners are abandoning pure Bitcoin economics

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TeraWulf has bought a Kentucky site designed for more than 1 gigawatt of AI and high-performance computing capacity, a move that makes the company’s pivot away from pure Bitcoin mining impossible to ignore. Summary The Muskie Data Campus in eastern Kentucky is expected to support more than 1 GW of data center capacity on a roughly 285-acre parcel inside a 1,000-acre industrial park. TeraWulf says the first 500 MW should begin delivery in the second half of 2028, with a second 500 MW phase targeted for the second half of…

Strategy Cuts $1.5B in Convertible Debt and Grows Bitcoin Holdings to 843,738 BTC

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Key Takeaways Strategy retired $1.5B of 2029 convertible notes for $1.38B cash, an 8% discount to par, on Tuesday. The debt buyback added 4,391 BTC in gains, bringing Strategy’s total holdings to 843,738 bitcoin. Strategy plans to rebuild its $871M USD Reserve through future Digital Capital and equity sales. Strategy Retires $1.5 Billion in Debt at 8% Discount and Adds 24,869 Bitcoin The Tysons Corner, Virginia-based company repurchased $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 for approximately $1.38 billion in cash, an 8% discount…