Category: Bitcoin News

Petro pitches Bitcoin mining boom for Colombia’s Caribbean coast

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Colombian President Gustavo Petro said the country’s Caribbean coast could become a Bitcoin mining hub if it uses clean energy and brings local communities into the plan. Summary Petro says Colombia’s Caribbean coast could use renewable energy to attract Bitcoin mining investment soon. The plan mentions Wayúu co-ownership, but no mining partner or launch date has been confirmed. Paraguay’s hydro-powered mining growth gives Colombia a model as political timing creates fresh doubts ahead. Petro pointed to Barranquilla, Santa Marta, and Riohacha as possible sites. He said the region could follow…

Michael Saylor’s Strategy may sell Bitcoin after $12.5B Q1 loss

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Strategy executive chairman Michael Saylor said the company may sell part of its Bitcoin holdings to fund dividend payments.  Summary Saylor said Strategy may sell Bitcoin to fund dividends after reporting a large first-quarter loss. Strategy holds 818,334 BTC, but preferred stock dividends are raising questions about future funding pressure. Recent Bitcoin gains remain central as investors watch whether MSTR can balance debt and dividends. The comment marked a clear shift from his long-running message that Strategy would keep buying Bitcoin and avoid selling. “We’ll probably sell some Bitcoin to…

Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says

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Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand. Macro factors, including geopolitics and energy markets, will likely dictate price direction. Bitcoin Faces Resistance Below Critical Breakout Level Bitcoin’s upside remains conditional despite strengthening fundamentals, the May 4 market update posted by crypto algorithmic trading firm Wintermute said. BTC has since moved above $81,000, bringing it closer to the 200-day moving average near $82,000. However, the broader setup remains unresolved, as a confirmed breakout…

Strategy Posts $12.54B Loss as Bitcoin Holdings Reach 818,334 BTC

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Key Takeaways: Strategy posted a $12.54 billion net loss in Q1 2026 driven by $14.46 billion unrealized bitcoin losses. Revenue increased 11.9% year over year to $124.3 million in the quarter, but earnings were dominated by digital asset volatility. Financing through STRC and equity sales continues fueling bitcoin expansion despite rising balance sheet risk. Strategy’s Loss Shows the Volatility Behind a Bitcoin Treasury Model Strategy Inc. (Nasdaq: MSTR) announced on May 5 its first-quarter 2026 financial results, giving investors a clear look at the trade-off behind its bitcoin treasury strategy.…

Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap

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Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally triggered $202 million in short liquidations, pushing the crypto market cap to $2.77 trillion. While the Strait of Hormuz remains a concern, President Trump’s ceasefire is expected to stabilize oil. Geopolitical Influence After breaching $81,000 for the first time in months early May 5, buoyed by the Trump administration’s downplaying of Monday skirmishes in the Strait of Hormuz, bitcoin briefly retreated before establishing support just above $80,500. However, the sell-off…

K Wave Media rejects Bitcoin for AI data centres

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K Wave Media reversed its $485 million Bitcoin treasury plan today, redirecting funds to AI data centres and GPUs Summary K Wave Media scrapped its $500 million Bitcoin treasury strategy and redirected approximately $485 million to AI data centres and GPU infrastructure. Shares fell 24% on the announcement, which also came with a company rebrand to Talivar Technologies, pending shareholder approval. CEO Ted Kim called the reversal “a defining inflection point,” making K Wave one of the most abrupt corporate Bitcoin strategy pivots on record. K Wave Media scrapped its…

Triple Win for Bitcoin ETFs With $532M Inflow While Ethereum Adds $61M

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Key Takeaways: U.S. bitcoin spot ETFs recorded $532M in net inflows, their third consecutive positive day. U.S. ethereum spot ETFs added $61.29M, signaling institutional demand across both assets. April’s $2.44B in total spot BTC ETF inflows was the strongest monthly figure since October 2025. Institutional Buyers Are Not Pulling Back The three-day streak matters beyond the headline number, especially in crypto ETF markets, where multi-day inflow runs signal that institutional buyers are not treating a price move as a short-term trading event but rather as an accumulation opportunity. Three consecutive…

Ark Invest sees Bitcoin hitting $16T and crypto $28T by 2030

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Ark Invest’s Big Ideas 2026 sees Bitcoin compounding about 63% annually to a $16T cap by 2030, anchoring a $28T crypto market dominated by BTC, Ethereum, and Solana. Summary Ark Invest’s new Big Ideas 2026 report projects Bitcoin’s market capitalization could grow at roughly a 63% compound annual rate, rising from about $1.5–$2 trillion today to $16 trillion by 2030. The firm expects the total crypto market to expand from around $2.8 trillion to $28 trillion over the same period, with Bitcoin capturing about 70% and the rest dominated by…

Hyperliquid Whale Bets $1.31M on TON at 6x Leverage as Bitcoin Eyes Fresh Highs

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Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade signals elevated risk appetite as bitcoin surged past $81,000 for the first time since January. Hyperliquid has continued attracting large traders after launching its HIP-4 prediction markets on May 2. A Trader Who Wasted No Time Minutes after creating a fresh wallet address on Hyperliquid, the anonymous trader loaded it with capital and went long on toncoin (TON), the native asset of The Open Network blockchain. Onchain…

Massive $1.9 Million Loss Nukes 11 Winning Bitcoin Trades for Whale

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Key Takeaways: Wallet 0x004e closed a 700 BTC short on May 5, booking a $1.94M loss on a single trade. The loss erased $1.71M earned across 11 consecutive profitable bitcoin short positions. Bitcoin’s push above $81,000 triggered a broad short squeeze, forcing leveraged bears to cover losses. The Math Behind the Wipeout The trader had closed a 700 BTC short valued at $56.68 million, exiting at a $1.94 million loss. The net result across all 12 trades was a negative total PnL of roughly $230,000. Eleven wins wiped out by…