Strategy and GameStop Boost Bitcoin Holdings
Between May 19 and 25, Strategy purchased 4,020 BTC worth approximately $427 million, increasing its total Bitcoin reserves to 580,250 BTC. The company funded this acquisition through the sale of over 847,000 shares, including both common and preferred stock.
GameStop also joined the Bitcoin accumulation trend, acquiring 4,710 BTC for around $513 million. Although the purchase details remain undisclosed, this move signals a strategic entry into the crypto space.
Circle Files for Public Listing on NYSE
Circle, the company behind the USDC stablecoin, has filed to go public on the New York Stock Exchange. The filing includes plans to release 24 million Class A shares, a step toward greater transparency and broader institutional appeal.
India Hints at Crypto Tax Policy Revisions
India’s stance on digital assets appears to be softening. Discussions have been held in New Delhi between industry leaders and policymakers about potential reforms in crypto taxation and regulation. These conversations reflect a changing global climate around crypto, especially following regulatory developments in the United States.
El Salvador and Pakistan Expand National Bitcoin Holdings
El Salvador added eight more BTC to its national reserves, increasing its total holdings to nearly 6,200 BTC. This move continues despite opposition from international organizations such as the IMF.
In a similar move, Pakistan announced plans to establish a strategic Bitcoin reserve, signaling a shift toward embracing digital assets at the governmental level.
Cetus Protocol Secures Compensation Funds After Exploit
After a major $223 million hack, decentralized exchange Cetus Protocol received a loan from the Sui Foundation to reimburse users. The community will vote on the proposed compensation plan through an on-chain governance process.
Telegram Raises $1.5 Billion via Convertible Bonds
Telegram successfully raised $1.5 billion by issuing five-year convertible bonds. The capital will help the company refinance existing debt and extend repayment timelines. Part of the funds will be used to repurchase bonds due in 2026.
OpenSea Rolls Out OS2 Upgrade with Multi-Chain Support
NFT marketplace OpenSea has launched its OS2 upgrade, introducing trading support across 19 different blockchains. This enhancement is aimed at improving user experience and expanding the platform’s footprint in the NFT sector.
SEC Quietly Closes Case Against Binance
The SEC has dropped its lawsuit against Binance without providing a clear reason. This decision follows a strategic pause by the SEC’s crypto task force, which is currently working on formal guidelines for regulating digital assets.
Coinbase Reopens Physical Office in San Francisco
Coinbase has leased new office space in the Mission Rock area of San Francisco, marking a shift from its fully remote setup. This move re-establishes a physical presence in the city after nearly three years.
