Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

  • The average purchase price for the new acquisition was $106,801 per coin.
  • The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the crypto.
  • According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets.

Michael Saylor’s Strategy, the largest public holder of Bitcoin, added 4,980 BTC to its balance sheet last week, according to a US Securities and Exchange Commission filing on Monday.

The purchase, valued at $531.1 million, came as Bitcoin rallied from around $101,000 to above $108,000 during the final week of June, per CoinGecko data.

The average purchase price for the new acquisition was $106,801 per coin, bringing the firm’s total Bitcoin holdings to 597,325 BTC.

The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the cryptocurrency, with an average purchase price of $70,982 per BTC.

The Bitcoin ‘Strategy’

Strategy funded its latest purchase using proceeds from its active at-the-market (ATM) offerings.

Last week, the firm sold 1,354,500 shares of its Class A common stock (MSTR) for $519.5 million.

It also sold 276,071 shares of its Strike preferred stock (STRK) for $28.9 million and 284,225 shares of its Strife preferred stock (STRF) for $29.7 million.

Following the latest acquisition, Strategy’s year-to-date gain in Bitcoin now totals 85,871 BTC, compared with a full-year gain of 140,538 BTC in 2024.

That equates to a $9.5 billion BTC gain this year, according to the company’s internal figures.

The company also reported modest increases in its yield metrics.

Year-to-date Bitcoin yield rose by 0.5 percentage points to 19.7%, inching closer to Strategy’s goal of 25% yield by the end of 2025.

Quarter-to-date yield also edged up by 0.4 percentage points to 7.8%.

More BTC buys may be on the way for Strategy?

On Sunday, Strategy Executive Chairman Michael Saylor had again hinted at a potential upcoming bitcoin purchase, updating the company’s bitcoin portfolio tracker on Sunday with the remark, “In 21 years, you’ll wish you’d bought more.”

The comment echoes his BTC Prague keynote, where he projected Bitcoin’s value could reach $21 million per coin within two decades.

Between June 16 and June 22, Strategy acquired an additional 245 BTC for approximately $26 million at an average price of $105,586 per bitcoin.

The company had slowed its purchasing pace in recent weeks as it shifted focus from its at-the-market (ATM) common stock program to issuing perpetual preferred shares to finance further acquisitions.

The latest purchase marks a return to using the MSTR ATM after more than a month.

According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets, continuing the trend initiated by Saylor and MicroStrategy.

Recent adopters include Tether-backed Twenty One, Nakamoto, Trump Media, and GameStop, alongside earlier entrants such as Semler Scientific and KULR Technology Group.

Japanese firm Metaplanet also announced on Monday that it had added 1,005 BTC to its reserves, raising its total holdings to 13,350 BTC—surpassing those of Galaxy Digital and CleanSpark.

The post Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC appeared first on CoinJournal.

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Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

  • Wintermute gets Bitcoin (BTC) credit line from Cantor Fitzgerald.
  • The credit line will enhance Wintermute’s capital-heavy OTC crypto trading operations.
  • The deal signals a cautious return of institutional crypto lending.

Crypto market maker Wintermute has secured a Bitcoin-backed credit facility from Cantor Fitzgerald in a move that signals growing confidence in the revival of institutional crypto lending.

The agreement is part of Cantor Fitzgerald’s newly launched $2 billion Bitcoin Financing Business, which seeks to provide secured credit lines to digital asset firms that play critical roles in market infrastructure.

Wintermute, known for its role in digital asset market making and over-the-counter (OTC) crypto trading, did not disclose the exact size of the facility.

However, its CEO, Evgeny Gaevoy, emphasised that the credit line is key to supporting the firm’s capital-intensive operations.

The credit facility will enhance Wintermute’s OTC trading

Wintermute’s operations demand significant capital due to the nature of OTC trading and digital asset settlement, where large volumes are traded across multiple exchanges in real time.

Gaevoy noted that the facility will enhance the firm’s ability to hedge risk across trading venues, maintain uninterrupted market presence, and react quickly to volatile price shifts.

He explained that this kind of financing helps the firm preserve liquidity while continuing to provide pricing and execution services for institutional clients around the clock.

The arrangement marks a clear vote of confidence from Cantor Fitzgerald, a Wall Street powerhouse that has only recently begun expanding its reach into crypto.

The broader context of the deal is a cautious yet unmistakable revival of institutional interest in crypto lending.

Crypto finance firms and private banks are beginning to return to the lending space, but with stricter risk management and more established collateral practices.

Notably, Blockstream recently raised billions to support its crypto lending funds, while Xapo Bank started offering Bitcoin-backed loans of up to $1 million as of March.

According to Galaxy Research, the crypto lending market had surged to $36.5 billion by the end of 2024, more than double its Q3 2023 low, although still far from its 2021 peak of $64.4 billion.

This recovery points to a maturing market where institutional participants are demanding higher levels of security and regulatory alignment.

Cantor Signals comeback to crypto lending

Launched in mid-2024, Cantor’s $2 billion Bitcoin Financing Business is positioning itself as a regulated alternative to the high-risk lending models that collapsed in recent years.

This program has already extended support to Maple Finance and FalconX, with the latter planning to draw over $100 million from its facility, according to information from Bloomberg.

Wintermute’s inclusion among the early recipients of Cantor’s credit lines places it in a select group of firms seen as strategically important to crypto markets.

Unlike the largely unregulated and opaque structures that led to the fall of firms like Celsius Network and BlockFi in 2022, Cantor’s model emphasises secured and transparent lending.

Wintermute is eyeing US growth with institutional backing

Wintermute’s new credit facility is expected to strengthen its growing presence in the United States, where the regulatory environment has become more favourable for digital assets.

With the introduction of spot Bitcoin ETFs and increased clarity around crypto trading rules, institutional activity in US markets is on the rise again.

Gaevoy indicated that the company views this as an ideal time to expand its reach in North America, capitalising on renewed investor appetite and evolving regulatory frameworks.

The partnership with Cantor Fitzgerald may also offer a credibility boost, especially as regulators and financial institutions look for trustworthy actors in the space.

With the backing of a major Wall Street firm like Cantor Fitzgerald, Wintermute is now better positioned to navigate the volatility of crypto markets while providing critical infrastructure for trading and settlement.

The post Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald appeared first on CoinJournal.

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Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

  • Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump’s “Big Beautiful Bill.”
  • Trump urged “cost cutting Republicans” not to “go too crazy,” promising growth will “make it all up.”
  • Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.

Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington.

A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.

The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours.

Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research’s technical analysis model.

The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025.

Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote:

For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.

This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the “One Big Beautiful Bill.”

The bill itself, exceeding 900 pages, is a complex mix of fiscal measures.

It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security.

A key component is the aim to make permanent many of the tax breaks from Trump’s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans.

The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased.

To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.

Navigating a political tightrope

The path to passing the bill is fraught with political challenges.

Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions.

In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid.

These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.

President Trump’s social media message appears to be an attempt to walk this political tightrope.

He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time.

This “growth will make it all up” approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.

A bullish signal for Bitcoin and gold?

This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets.

Crypto analyst Will Clemente’s reaction on the social media platform X (formerly Twitter), posted shortly after Trump’s message, captured a common sentiment among those skeptical of current fiscal policies:

How can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.

Clemente’s skepticism towards long-term US Treasuries reflects a growing concern that the bill’s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time.

In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.

Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility.

The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets.

As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.

The post Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets appeared first on CoinJournal.

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Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

  • Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin.
  • The company is pursuing two lawsuits seeking over $1 billion in shareholder-related damages.
  • Genius Group’s current BTC holdings stand at 100 BTC and it now targets 1,000 BTC as part of its treasury plan.

Singapore-based edtech firm Genius Group has unveiled an ambitious plan to share potential legal windfalls from its ongoing billion-dollar lawsuits with shareholders while simultaneously deepening its investment in Bitcoin.

In a move that could reshape the company’s financial future, the Board of Directors has approved a distribution framework that will allocate all net proceeds from its legal battles equally between direct payouts to shareholders and purchases of Bitcoin for its corporate treasury.

This strategy marks a bold fusion of legal recourse and crypto investment, driven by a promise to compensate shareholders for damages the company alleges were inflicted by third-party misconduct.

Genius Group is pursuing lawsuits seeking over $1B in damages

Genius Group is actively pursuing two major lawsuits with combined damage claims exceeding $1 billion, each targeting different alleged abuses that the company says have harmed its investors.

The first lawsuit, already filed in the US District Court for the Southern District of Florida, alleges violations under the Racketeer Influenced and Corrupt Organizations Act (RICO) and seeks over $750 million in damages from several individuals, including Peter Ritz, Michael Moe, Michael Carter, and former SEC Chairman John Clayton.

According to the company, these defendants, through their roles in LZGI International and related entities, engaged in actions that caused direct financial harm to Genius Group and its shareholders.

The second lawsuit, which is expected to be filed soon, focuses on alleged naked short-selling and spoofing activities that the company claims manipulated the trading of its shares.

Led by attorney Wes Christian, a well-known legal figure in financial market litigation, the short-selling case is estimated to involve damages between $251 million and $263 million, with that figure expected to rise following further analysis of 2024 and 2025 trading data.

A windfall for shareholders, if lawsuits succeed

Genius Group has committed to splitting all net proceeds from these lawsuits evenly, with 50% allocated as special dividends to shareholders and the remaining 50% used to acquire Bitcoin.

Chief Executive Officer Roger Hamilton emphasised that because these lawsuits seek to recover damages that directly affected shareholders, it is only fair that all recovered funds be returned to them or reinvested on their behalf.

If the company is successful in both cases, each shareholder could receive up to $7 per share, offering a substantial return given the company’s current stock price.

While there is no guarantee of a win in either lawsuit, the prospect of a significant payout and further crypto investment has drawn growing attention from retail traders and crypto enthusiasts alike.

Genius Group’s Bitcoin strategy

Genius Group’s interest in Bitcoin is not new, but the recent announcement reinforces the company’s serious intention to use BTC as a long-term treasury asset.

Just last week, the company revealed that it had increased its corporate Bitcoin holdings by 52%, acquiring an additional 34 BTC to bring its total to 100 BTC.

The purchases were made at an average price of approximately $100,600 per Bitcoin, amounting to an investment of more than $10 million.

The company has stated that it intends to grow its Bitcoin holdings to 1,000 BTC over time, especially now that a previous US court restriction barring it from using investor funds to buy crypto has been lifted.

Hamilton has framed Bitcoin as both a hedge against inflation and a vehicle for shareholder value, noting that future court winnings would also be subject to this new distribution model.

Legal uncertainties remain

Despite the company’s confidence, Hamilton acknowledged that there are legal uncertainties ahead, and no outcome can be guaranteed in either case.

However, the aggressive dual-pronged strategy of rewarding investors while reinforcing a decentralised financial position has attracted renewed investor interest.

This legal-crypto hybrid approach positions Genius Group as one of the few publicly traded companies tying shareholder dividends directly to potential lawsuit wins and Bitcoin acquisitions.

As the cases proceed, both traders and shareholders will be watching closely, not just for court rulings but also for how Genius executes its promise to merge traditional legal settlements with modern digital asset strategies.

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