Kategorie: Bitcoin News

• The company’s total Bitcoin holdings now stand at 576,230 BTC.
• Average cost basis updated to $69,726 per Bitcoin.
• The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor deception.

MicroStrategy, now rebranded as Strategy, is once again making waves across financial markets.

The company, known for holding the largest corporate stash of Bitcoin, is facing a class action lawsuit alleging misleading accounting practices.

Despite this, it has continued buying more Bitcoin, bringing its total to 576,230 BTC, worth approximately $59 billion.

$764.9M BTC purchase follows lawsuit filing

On 19 May 2025, Strategy disclosed it had acquired an additional 7,390 BTC for $764.9 million.

The average price paid was $103,498 per coin.

The acquisition was financed via an at-the-market (ATM) equity offering and the issuance of Series A STRK preferred stock.

This brings its total holdings to 576,230 BTC at a new average cost of $69,726.

The announcement came just after the firm was hit with a lawsuit filed in the Eastern District of Virginia.

The legal action, initiated by Pomerantz LLP, names both the company and top executives, accusing them of failing to alert investors about the risks posed by updated Bitcoin accounting rules under ASU 2023-08.

The new standard requires firms to reflect the fair market value of Bitcoin on their balance sheets.

According to the lawsuit, Strategy downplayed the impact this would have on its financial statements, allegedly resulting in a $5.91 billion fair-value loss that wasn’t adequately communicated to shareholders.

Use of non-GAAP metrics under scrutiny

The complaint also highlights Strategy’s use of proprietary, non-GAAP metrics such as “BTC Yield” and “BTC $ Gain”.

The plaintiffs argue these terms were not standard financial indicators and may have presented an inflated view of the company’s profitability.

This approach appeared to unravel on 7 April, when the $5.9 billion impairment loss became public.

MSTR shares fell 8.67 percent that day. By 1 May, earnings reports confirmed the blow to the company’s books, and investors responded negatively.

While the firm’s defenders point to long-term Bitcoin appreciation and innovation in digital asset strategy, the lawsuit raises questions about regulatory compliance and transparency.

Accounting experts have noted that non-GAAP metrics must be used carefully, especially when they contradict or obscure established accounting principles.

No strategic shift despite legal risks

Despite the financial hit and legal threats, Strategy has shown no sign of changing course.

Its May filing suggests the firm remains committed to accumulating more Bitcoin, with its latest purchase representing one of the largest single-month acquisitions this year.

Michael Saylor, the company’s chairman, has consistently positioned Bitcoin as “digital gold” and a long-term asset class.

His earlier comment — “My formula for success is rise early, work late, and buy Bitcoin” — continues to define the company’s public stance.

However, the legal case could reshape how other corporations approach digital asset reporting.

The post Strategy hit with lawsuit as Bitcoin holding tops $59B appeared first on CoinJournal.

• Bitcoin recently surpassed Google in global market cap rankings.
• Bitcoin Pepe is quickly approaching $10 million in its ongoing BPEP token presale ahead of exchange listing.
• Bitcoin Pepe promises to bring meme coins to the Bitcoin network.

Cryptocurrencies led by Bitcoin (BTC) are making waves as they disrupt the global asset rankings.

Bitcoin (BTC) recently surged past $106,000, overtaking Alphabet (NASDAQ: GOOGL) to become the sixth-largest asset globally by market capitalisation.

In another sign of crypto’s growing financial footprint, Tether—the largest stablecoin issuer—now holds more in US Treasury securities and gold reserves than Germany.

According to data from the US Department of the Treasury, Tether’s holdings have exceeded Germany’s $111 billion in US Treasuries.

These developments underscore the rapid momentum behind digital assets, as they increasingly rival and, in some cases, surpass traditional financial institutions in scale and influence.

As capital increasingly flows into digital assets, investors are seeking the next high-potential projects that could ride this bullish wave.

Among them, Bitcoin Pepe is quickly emerging among the best crypto to buy, especially for those looking to enter the market during this market resurgence.

Bitcoin’s surge above Google in market cap

On May 19, 2025, Bitcoin overtook Google’s parent company, Alphabet Inc. (GOOGL), in global asset rankings by market capitalisation.

This came as Bitcoin’s price topped $106,000, lifting its market value past the $1.67 trillion mark.

This development underscores a broader trend: institutional and sovereign-level confidence in Bitcoin is growing.

Governments, hedge funds, and publicly traded companies are all adding BTC to their treasuries, with the most recent being Metaplanet, which added 1,004 bitcoins to its holdings.

While traditional tech stocks have been a staple in investment portfolios for decades, Bitcoin’s narrative as “digital gold” and a decentralised store of value is winning hearts and capital across global markets.

Its fixed supply, combined with growing demand, continues to push its valuation higher even amid periodic market corrections.

Moreover, Bitcoin’s performance relative to top-tier equities is shifting perceptions. In previous market cycles, critics dismissed BTC as speculative or too volatile.

That said, the rapid ascent of Bitcoin is also catalyzing interest in adjacent crypto projects, particularly those aiming to build on Bitcoin’s foundational strength.

Bitcoin Pepe is emerging as a top buy as BTC surges

As Bitcoin continues to dominate headlines, Bitcoin Pepe is quickly positioning itself as one of the most promising investment opportunities in the crypto market today.

Built as the world’s first meme-based Layer-2 for Bitcoin, Bitcoin Pepe is more than just a viral token, it represents an ambitious plan to bring Solana-style speed and scalability to the Bitcoin network.

Bitcoin Pepe’s native token, BPEP, is currently in the final stages of its presale.

Having already raised over $9.8 million in the presale, Bitcoin Pepe has drawn significant interest from early backers who see both the narrative and technological edge it brings to the table.

The current BPEP presale price is $0.0342. Notably, the token has seen a 62.9% price rise since the presale started a few weeks ago, with a 5% increase in each presale stage.

Bitcoin Pepe’s roadmap is equally ambitious. Once the presale comes to an end, the price of BPEP is expected to rise substantially, especially after it hits centralised exchanges shortly after the presale ends.

Beyond the presale hype, Bitcoin Pepe has introduced a new token standard by the name of PEP-20 token standard, which allows users to launch their own memecoins on Bitcoin’s blockchain.

By introducing ultra-fast transactions and negligible fees, Bitcoin Pepe aims to empower a new generation of creators and investors to build directly on the most secure blockchain in existence.

Despite the broader market experiencing a minor pullback today, the sentiment around Bitcoin Pepe remains overwhelmingly bullish, fueled not only by retail investors but also by crypto influencers and key opinion leaders (KOLs) who recognize the project’s unique positioning at the intersection of memes, Bitcoin, and scalable infrastructure.

The post Best crypto to buy as Bitcoin (BTC) surpasses Google in global asset rankings appeared first on CoinJournal.

• Bitcoin price surged to $106,000 on Sunday, May 18, achieving its highest weekly close ever.
• The rally saw Bitcoin’s market cap reach $2.11 trillion, liquidating over $44M in short positions.
• Trump’s proposed 5% remittance tax on non-US citizens is seen as a key driver, likely pushing users to crypto.

Bitcoin surged to a new peak over the weekend, reaching $106,000 per coin on Sunday, May 18, marking its highest valuation since early February of this year.

This rally propelled the flagship cryptocurrency’s market capitalization to an impressive $2.11 trillion and triggered significant liquidations in the derivatives market.

The recent price action reportedly culminated in the highest weekly closing price for Bitcoin to date, surpassing a previous benchmark of $104,298.70 set in December of the prior year.

Reports indicated that this surge led to the liquidation of over $44 million in short positions tied to Bitcoin across various derivatives platforms, underscoring the potent buying pressure.

Market observers point to two primary catalysts providing the impetus for Bitcoin’s latest ascent.

A significant factor appears to be a legislative proposal from US President Donald Trump, dubbed the “big, beautiful bill.”

This package of legislative priorities includes a contentious five percent tax on remittances sent by non-US citizens residing in the US to their home countries.

The remittance tax ripple effect: a crypto catalyst?

This proposed remittance tax is projected to affect over 40 million individuals in the US who regularly send portions of their income to support families abroad.

While the measure has faced opposition from countries like Mexico, President Trump’s bill has reportedly advanced, having been cleared by the US House Budget Committee in a late-night vote on Sunday.

Analysts have voiced concerns that this bill could inadvertently drive migrants towards alternative, “unauthorised channels” such as cryptocurrencies to make remittances and circumvent the proposed tax.

Crypto advocacy group Coin Center has noted that self-hosted crypto wallets fall outside the purview of the bill, as they do not meet the definition of remittance-transfer providers.

This potential shift towards crypto for cross-border payments is seen as a bullish driver for Bitcoin.

Regulatory horizon: stablecoin bill sparks optimism

Another significant factor potentially fueling the increased buying interest in Bitcoin is the anticipation of upcoming regulation.

For years, the cryptocurrency industry has advocated for clear regulatory frameworks as a means to formally integrate digital assets into the established financial system.

Now, a US bill specifically designed to regulate stablecoin issuers is slated to be taken up by the US Congress this week.

Republican Senator Bill Hagerty, one of the sponsors of the ‘Guiding and Establishing National Innovation for US Stablecoins (Genius) Act,’ expressed optimism about the legislative progress.

“Next week, the Senate will make history when we debate and pass the Genius Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” Hagerty was quoted as saying.

According to a report by Coindesk, the bill was reportedly redrafted at the eleventh hour to address concerns raised by Democrats regarding consumer protection and national security elements.

The prospect of clearer rules for stablecoins, a cornerstone of the crypto ecosystem, is likely contributing to broader market confidence.

A year of volatility: navigating economic crosscurrents

Bitcoin’s journey this year has been characterized by extreme price swings.

These fluctuations have occurred amidst broader economic anxieties, including panic over the potential collapse of the US dollar, spurred by President Trump’s imposition of tariffs on China and other nations.

For instance, in April, Bitcoin’s price experienced a sharp downturn, plummeting by 30 percent from its all-time high of nearly $110,000 to around $75,000 per coin, illustrating the asset’s sensitivity to macroeconomic developments and market sentiment.

The current rally above $106,000 marks a significant recovery and a renewed wave of bullish momentum.

The post Bitcoin blasts past $106K: is Trump’s remittance tax bill crypto’s new rocket fuel? appeared first on CoinJournal.

With top US crypto investors gearing up for a further push into Bitcoin, the future of the top crypto infrastructure remains lucrative.

Institutional players are increasingly exploring Bitcoin amid the shifting financial landscape.

Michael Saylor’s Strategy has been purchasing BTC since 2020 with no plans to sell.

Meanwhile, Eric Trump’s American Bitcoin confirmed plans to hunt low-cost BTC mining to match Saylor’s Strategy.

While institutions make moves, Bitcoin Pepe (BPEP), introducing the world’s first-of-a-kind meme ICO on BTC, offers all interested investors a chance to tap BTC’s potential growth.

The new project gains traction ahead of its 31 May listing, with close to $8.5 million raised so far.

Eric Trump to rival Saylor’s BTC accumulation

Bitcoin Pepe’s buzz comes as the crypto space sees attention from big names in the United States.

American Bitcoin’s co-founder Eric Trump has revealed that his firm plans to explore cheap BTC mining as a long-term accumulation approach.

He admitted that Michael Saylor’s Strategy is winning the Bitcoin accumulation game.

However, Trump affirmed that American Bitcoin will eventually become the largest BTC holder globally.

The competitive accumulation narrative bodes well with Bitcoin Pepe, which aims to unleash BTC’s dormant $2 trillion into the meme sector.

As institutional participants flood into the leading crypto by value, layer 2 Bitcoin Pepe allows retail players to leverage the anticipated BTC growth.

Should you invest in Bitcoin Pepe?

BPEP might be a perfect investment for digital asset enthusiasts looking to capitalize on Bitcoin’s potential and robustness.

Moreover, the advanced token offers a cost-friendly entry into the crypto world.

While you may need over $100K to purchase one BTC, Bitcoin Pepe is currently available at $0.0326 per token.

Moreover, its presale is selling out as investors rush to grab BPEP tokens before the 31 May closing.

The new meme crypto looks to enrich the Bitcoin ecosystem through Solana-like features.

Supported by a fully doxxed team and audited smart contracts, BPEP introduces a never-seen-before meme experience on the bellwether digital asset.

It’s more than your usual sit-and-hold asset, the Bitcoin Pepe network promises passive income by simply participating.

You can put your BPEP coins to work and receive lucrative returns while navigating the first meme layer 2 on the Bitcoin ecosystem.

That matches the growing staking narrative, which remains absent in the top crypto.

For instance, chains like Solana and Ethereum have multiple ways to earn passive income.

BPEP wants to introduce such possibilities on Bitcoin and with style.

Its transparency, audited architecture, and security might attract top exchange listings after the 31 May listing.

With institutions looking for cheap ways to join the Bitcoin movement, BPEP presents a perfect alternative to individual investors.

You can learn more about Bitcoin Pepe through their official website.

The post Bitcoin Pepe gains steam as Eric Trump eyes cheap BTC to rival Saylor’s accumulation appeared first on CoinJournal.

• Ukraine lawmaker to introduce a bill on strategic Bitcoin reserve
• Analyst says crypto growth opportunity greatly underestimated
• Bitcoin Pepe soars as investors look for other opportunities

Ukraine is looking to join the global race towards a strategic Bitcoin reserve, according to a local report citing Ukrainian member of parliament Yaroslav Zhelezniak.

When introduced, the proposal will seek to establish a Bitcoin reserve with help from global crypto exchange Binance.

The country’s move comes as the crypto market gets massive traction, with Bitcoin exploding to above $100k again to return bullish belief to the market.

With geopolitical and global trade tensions cooling off significantly, analysts are calling for new momentum for risk assets.

Bitcoin and Ethereum, the top two coins by market cap, sit at the top of the narrative.

This is as investors, buoyed by overall sentiment and regulatory developments in the United States, eye what crypto may be a great buy today.

A market free of the uncertainty of tariffs and regulations has risk appetite back and Anthony Scarammucci, it may yet be too early for investors.

Binance backs initiative

Local reports on Thursday are that Ukraine is eyeing a key proposal that would allow for the creation of a national Bitcoin reserve.

Binance, which is a major player in the crypto space, will back this strategic Bitcoin reserve.

While a bill to this effect is yet to make it to the floor of Ukraine’s parliament, its introduction, expected to be soon, will add a new dimension to something that’s already a global trend-  Bitcoin adoption.

Yaroslav Zhelezniak says the initiative will exclusively be on the hodling of Bitcoin – not a crypto reserve.

But more importantly, Ukraine could become the first European country to create a SBR.

But the bill, if passed, has more than a state-owned BTC reserve in place.

It speaks to a shift that points to regulator clarity.

This same outlook is getting traction across the US and in other countries. Notable developments have included reports of strategic Bitcoin reserve proposals in Brazil, Russia, Taiwan and Sweden among others.

Bitcoin and the crypto market: Is it too early to buy?

The trend, combined with Binance’s growing footprint as a crypto partner for several countries including Kyrgyzstan and Pakistan, augurs well for cryptocurrency as a whole.

Governments focused on regulatory clarity is why some analysts say its early for investors.

Scaramucci commented on the impact of such an outlook for Solana and Bitcoin while at Consensus 2025. He says the market may not be “bullish enough”on Bitcoin and Solana.

„We may not be bullish ENOUGH!“

Anthony Scaramucci speaks on Bitcoin & Solana: pic.twitter.com/imvLI6uip8

— Altcoin Daily (@AltcoinDailyio) May 15, 2025

According to the Skybridge Capital founder, crypto is on the cusp of exposive investment.

BTC and SOL stand out, with factors such as capital inflows from Wall Street key.

Exchange-traded funds (ETFs) that have attracted billions of dollars in inflows sets the bullish tone.

In Scaramucci’s view, crypto’s growth potential may well be massively underestimated. Whales scooping up millions of coins at recent lows highlight this outlook.

Nearly 1 million #Ethereum $ETH have been withdrawn from exchanges in the past month! pic.twitter.com/dOypSQXgsA

— Ali (@ali_charts) May 15, 2025

Bitcoin Pepe soars as investors look for other opportunities

While countries hone in on national strategic Bitcoin reserves, Interest in crypto goes beyond BTC and ETH.

The $3 trillion market has major altcoins such as Solana, XRP and Cardano that continue to attract noticeable attention.

However, interest in new tokens like Bitcoin Pepe is massive due to the potential for turning early bids into staggering returns.

Investors looking for the next gem leverage predictions for memecoins, decentralized finance, real-world assets, AI and decentralized physical infrastructure.

Bitcoin Pepe, a project set to bring memecoins to Bitcoin’s $2 trillion market, has accelerated through a presale that so far boasts more than $8.2 million raised.

As a layer 2 meme for BTC, Bitcoin Pepe has another key feature – it boasts the speed and low fees of Solana.

‼️ LISTING ANNOUNCEMENT ‼️$BPEP presale ends May 31st at 2PM UTC!

✅ 10+ Partnerships agreed
✅ Listing announcements coming
✅ CEXes in talks

🚀Next Token to explode!

Be the OG, buy $BPEP TODAY ➡️ https://t.co/TtbvT3lq5a pic.twitter.com/FURu6bsJMb

— Bitcoin Pepe (@BitcoinPepe_) May 12, 2025

In just over two weeks, the Bitcoin Pepe token BPEP will launch on its first crypto exchanges.

While it may not land on Binance right away, the potential for traction means it will end up on most major exchanges.

Currently, Bitcoin Pepe’s presale price is $0.0326.

With the broader risk asset market on track for a new leg up, BPEP could be one of the best coins to buy today. Its presale end on May 31, 2025.

The post Top cryptos to buy as Ukraine plans strategic Bitcoin reserve appeared first on CoinJournal.