Strategy Leverages Preferred Stock Issuance for $2 Billion Bitcoin Buy
Strategy purchased 24,869 Bitcoin last week for $2 billion, channeling billions of dollars that came from its flagship preferred stock.
Crypto News·
Iran’s Hormuz Safe offers Bitcoin-settled insurance for Hormuz shipping, aiming for $10B revenue while testing US sanctions limits and spooking regulators and shippers. Iran’s Ministry of Economy has launched a Bitcoin (BTC) settled maritime insurance platform called “Hormuz Safe,” targeting…
Read full articleStrategy purchased 24,869 Bitcoin last week for $2 billion, channeling billions of dollars that came from its flagship preferred stock.
Goldman's shift towards Bitcoin and regulated blockchain firms highlights a trend of institutional preference for more stable crypto investments. The post Goldman Sachs exits XRP and Solana ETFs, raises Bitcoin call options stake appeared first on Crypto Briefing.
Bitcoin trades between $76,900 to $77,465 on May 18, 2026, at 9:40 a.m. ET as traders assess mixed technical signals across multiple timeframes. While broader trend structure remains constructive above major support zones, short-term momentum indicators continue to reflect a cautious tone amid resistance near the $78,400 area. Bitcoin Chart Outlook On the 1-hour chart, […]
Bitcoin rallied from the high-$60Ks into a local peak above $82K before momentum faded, with price now rolling over into a steady pullback toward the mid-$77K range as sellers regain short-term control.
Crypto ETPs lost $1.07B last week as Bitcoin shed $982M and Ethereum lost $249M, while XRP and Solana still drew inflows.
Bitcoin's brutal sell-off may continue as panic spreads from long-term holders to short-term traders across markets.
Michael Saylor’s Strategy bought 24,869 Bitcoin for $2.01 billion last week, lifting holdings to 843,738 BTC as STRC sales funded around 97% of the acquisition.
The platform settles cargo cover in Bitcoin under a plan for marine policies and certificates that could generate $10 billion for Iran.