Category: Bitcoin News

Michael Saylor says Strategy is turning Bitcoin into “digital credit” and “digital equity”

boss

Michael Saylor says Strategy is “converting digital capital Bitcoin into digital credit (STRC) and digital equity (MSTR),” pitching a three‑layer capital stack with BTC as reserve asset, STRC as yield‑focused credit, and MSTR as the levered equity layer. Summary Michael Saylor says Strategy is converting its Bitcoin “digital capital” into digital credit via STRC and digital equity via MSTR. STRC, a Bitcoin-backed perpetual preferred stock, has grown into an $8.5 billion “digital credit” product in under a year. The framework cements Strategy’s model: Bitcoin as reserve asset, STRC as yield-focused…

Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs

boss

Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot to a hot war as Tehran rejects the latest U.S. proposal. The Iran Peace Deal Factor On May 7, bitcoin reversed course, dipping below $80,000 to effectively erase gains made since Monday. As shown by the daily chart, the top cryptocurrency—which reached a multi-month high of $82,833 some 24 hours…

Core Scientific dumps bitcoin for AI data centers

boss

Core Scientific sold $208 million in bitcoin in Q1 2026 to fund its shift to AI data center operations, as colocation revenue surpassed mining for the first time. Summary Core Scientific sold 2,385 BTC for $208.3 million in Q1 to fund capital expenditure tied to its AI pivot. Colocation revenue surged to $77.5 million while mining revenue fell to $30.1 million, making AI its largest business line. The company reported a $347.2 million net loss, driven primarily by $266.5 million in non-cash impairment charges on mining assets. Core Scientific sold…

Bitcoin stalls at 200-day average, rekindling fears of a “false breakout”

boss

Bitcoin failed to clear its 200‑day simple moving average near $83,300 and slipped back under $81,000, reviving comparisons with the March 2022 breakout that quickly reversed into a deep selloff. Summary Bitcoin failed to clear its 200‑day simple moving average near $83,300 and slid back below $81,000, triggering comparisons with the failed breakout of March 2022. The CoinDesk Smart Contract Platform Index fell more than 2% in 24 hours, making it the weakest major sector, as broader crypto risk appetite softened. Analysts at Marex and FxPro say the uptrend is…

Bollinger Bands Creator Officially Calls a New Bitcoin Bull Market

boss

Key Takeaways John Bollinger made his first bullish call since 2025, fully investing in Bitcoin to ride the next market breakout. Following a 30-day rally, Tom Lee echoed this shift, predicting that a Bitcoin spring is the next market phase. Defying April tensions, Bitcoin topped $80K, prompting Bollinger to predict further near-term market gains. Bollinger Bands Inventor Signals Start of New Bull Market While the crypto industry has faced a difficult period that has taken digital asset prices and sentiment down, analysts believe this is nearly over. John Bollinger, inventor…

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

boss

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it plans to scale its Muskogee, Oklahoma campus to roughly 1.5 gigawatts of gross power, or about 1 gigawatt of leasable capacity, by combining acquisitions, grid expansion and behind-the-meter generation strategies. At the center of the expansion is Core Scientific’s agreement to acquire Polaris DS LLC, a bitcoin mining operator that controls 440 megawatts of…

Bitcoin reserves hit 2023 lows but is the bottom confirmed?

boss

Bitcoin reserves on major exchanges are shrinking again, as CryptoQuant analyst Amr Taha reported sharp declines on Binance, OKX, and Gemini since February. Summary Binance, OKX, and Gemini saw nearly 100,000 BTC leave reserves since February, tightening supply. Analysts say Bitcoin must reclaim $88,880 to confirm strength and reduce overhead selling pressure. Whale realized prices near $66,000 to $70,600 remain key support if Bitcoin weakens again. The three platforms have seen almost 100,000 BTC leave their reserves. At a Bitcoin price near $81,300, that equals more than $8 billion in…

Bitcoin ETFs pull in $1.7B in five-day inflow streak

boss

U.S. spot bitcoin exchange-traded funds have extended their inflow streak to five straight sessions, drawing nearly $1.7 billion as institutional demand has continued alongside Bitcoin’s recovery above $80,000. Summary Bitcoin ETFs have attracted nearly $1.7 billion during a five-day inflow streak led by strong demand for BlackRock’s IBIT. Bitcoin price climbed back above $81,000 as easing tensions between the U.S. and Iran improved investor appetite for risk assets. According to SoSoValue data, the group of spot bitcoin ETFs recorded $46.3 million in net inflows on Wednesday after BlackRock’s IBIT brought…

Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion – Bitcoin News

boss

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas. The unnamed tenant was described as a “high-investment-grade company” deploying infrastructure for AI training and inference workloads. The deal marks Hut 8’s second major AI data center commercialization after its previously announced River…

Bitcoin price reclaims $81K as Iran says U.S. peace proposal “under review”

boss

Bitcoin price rebounded back above $81,000 as investor risk-on sentiment improved after Iran signalled that it was reviewing a U.S. proposal to end the war between the two nations. Summary Bitcoin price rebounded above $81,000 after Iran said it was reviewing a U.S.-backed peace proposal that could reopen the Strait of Hormuz. Oil prices declined for a third straight day amid optimism around a potential U.S.-Iran ceasefire, supporting renewed risk appetite across crypto markets. Bitcoin’s Supertrend remained green while MACD formed a bullish crossover, with traders watching the $84,000–$85,000 zone…