Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF), OTCQB:BCNWF) provides an ecosystem of products and services making it easier for people to use bitcoin. Established in Canada in 2013 and has reached significant revenue growth year-over-year, Bitcoin Well will soon be expanding to the US market.
The company's three core business lines include Crypto ATM network composed of 250+ Crypto ATMs across Canada with US$21 million revenue in 2022; Bitcoin Well Infinite whichcaters to high net worth individuals and businesses and with US$29 million revenue in 2022; and Online Ecosystem, the fastest and safest way for Canadians to buy, sell and use bitcoin with current monthly revenues exceeding $350,000.
This Bitcoin Well profile is part of a paid investor education campaign.*
Click here to connect with Bitcoin Well (TSXV:BTCW, OTCQB:BCNWF) to receive an Investor Presentation
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Edmonton, Alberta June 18, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (" Bitcoin Well Canada "), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King's Bench of Alberta against Rapid Cash ATM Ltd. (" Rapid Cash " or " Rapid Cash ATM" ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.
On February 1, 2024, Bitcoin Well Canada filed an application in Court of King's Bench of Alberta File No. 2301-14199 (the " Action ") seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties' Hosting Agreement in late 2023 (the " Summary Judgment Application ").
On February 20, 2025, the Court of King's Bench released its written Endorsement with respect to the Summary Judgment Application (the " Decision "), finding that "it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]'s money pending adjudication of the damages claims" and observing that "the wording of the agreement is more consistent with Bitcoin Well [Canada]'s position than with Rapid Cash's position". In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the " Judgment " ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court's Decision can be found here and the resulting Order can be found here
On May 1, 2025, Rapid Cash filed an application (the " Stay Application ") seeking to stay enforcement of the Judgment pending Rapid Cash's ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the " Appeal "). On June 13, 2025, the Court dismissed Rapid Cash's Stay Application, such that the Judgment remains in effect.
Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada's claims against Rapid Cash, which seek damages for Rapid Cash's alleged improper termination of the parties' agreement, and likewise defend Rapid Cash's counterclaims in the Action.
Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King's Bench of Alberta.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 27, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a first-of-its-kind Nostr integration to allow Bitcoin Well customers in the USA to purchase bitcoin directly from their Nostr profile.
Key points:
How it Works:
Bitcoin Well customers link their Nostr identifier (npub) to their Bitcoin Well account, then DM the Bitcoin Well account with specific commands to purchase bitcoin.
The purchase uses the customers Cash Balance, and bitcoin is sent to an existing Lightning Wallet for security.
Why it Matters:
The integration makes Bitcoin Well the easiest place to buy bitcoin, enabling fast, secure purchases directly from a customer's Nostr profile.
It aligns with the company's mission to simplify self-custody bitcoin purchases.
Nostr's Role:
As a censorship-resistant protocol, Nostr ensures Bitcoin Well and its customers have full control, avoiding restrictions and potential censorship.
Impact:
This enhances customer convenience, meets Bitcoiners on a platform they already use, and reinforces Bitcoin Well's commitment to accessible, non-custodial bitcoin services.
This move continues to position Bitcoin Well as a leader in freedom technologies by making bitcoin in self custody the standard. For detailed information keep reading, or visit https://bitcoinwell.com/blog/buy-bitcoin-with-nostr
Why does this matter?
Social media, specifically Nostr, is one of the most impactful technologies of our generation. Our lives, our communities and our personalities have transitioned to the digital realm. Bitcoin Well has now enabled everyone in the USA to buy bitcoin safely, directly from their Nostr account.
In doing this, Bitcoin Well has become the easiest place to buy bitcoin! With a simple message, our customers in the USA can now purchase bitcoin in a matter of seconds; without logging in to their Bitcoin Well account.
"This is a great achievement for our team!" said Adam O'Brien, founder and CEO of Bitcoin Well. "We are deeply committed to make buying bitcoin directly to self custody better than using a custodial exchange. This is a huge step in the right direction. We are meeting bitcoiners where they are and allowing them to buy bitcoin safely."
How does it work?
Once a customer links their npub (the social network identifier used by the Nostr protocol) to their Bitcoin Well account from their profile page , they can DM the Bitcoin Well Nostr profile with the command words to purchase bitcoin. The command words are:
/buy $21.00 (or any dollar amount)
/stack 69,000 sats (or any amount of sats)
After a simple "/confirm" response, the customer's Cash Balance in their Bitcoin Well account will be used to buy bitcoin, and the bitcoin will be sent to their predetermined payment address over the Lightning Network.
To maintain security, bitcoin can only be sent to a Lightning Wallet which has already been added to their Bitcoin Well account.
What is Nostr?
Nostr is a decentralized social media protocol which is censorship resistant and runs on a network of relays, rather than centralized servers. This means that the users of the platform control the posts (known as "notes") rather than the owner of the social media platform. This is particularly impactful for the Company because it means we have full control over our message servers; which hasn't been the case in the past.
Historically, our messaging platforms have prohibited us from creating a "text to buy" type of service. Even our payment providers have been limited in the past. With the addition of the Nostr protocol we can be certain that this level of censorship will not impact us, or our customer's ability to buy bitcoin. Furthermore, there is an added layer of protection for the customer's privacy.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 15, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a partnership with Solosatoshi a company dedicated to the advancement of open-sourced Bitcoin mining.
The partnership will bring their popular product the Bitaxe Gama, a 1.2 TH/s home miner , to the Bitcoin Well Points store . This means Bitcoin Well customers who accumulate points by making transactions and referring their friends to the platform can use them to buy a Bitaxe.
"We're excited to partner with the leader in the solo-mining space," said Adam O'Brien, founder and CEO of Bitcoin Well. "I'm hopeful that as we continue these great partnerships, with industry leading products, the Bitcoin Well points store will be the best place to discover and buy the leading bitcoin merchandise. This will drive new signups and active customers. I'm bullish on this strategy"
When asked about the partnership, Matt Howard, founder of Solosatoshi said, "We are excited to see the advancement and adoption of the Bitaxe project through an abundance of such use cases. We look forward to our strategic partnership with Bitcoin Well, and we are very optimistic about all of the possibilities that open-source Bitcoin mining creates globally."
Effective today, any Bitcoin Well customer can use their points to buy a Bitaxe, or any of the other products available on the Bitcoin Well points store. The Company intends to continue making partnerships and expanding the store.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien, Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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Edmonton, Alberta May 8, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces the Bitcoin Well points store, an expansion to the existing rewards program.
Currently, Bitcoin Well customers are able to redeem their Bitcoin Well points and "toss a coin" into the Bitcoin (Wishing) Well. This retro-themed game allows our customers to win up to 1,000,000 sats (0.001 bitcoin) with every "coin toss". Last month, Bitcoin Well customers played the rewards game nearly 2,000 times and won over 3,000,000 sats.
Now, over and above choosing to spend Bitcoin Well points to win free bitcoin, Bitcoin Well customers can spend their points for exclusive bitcoin merchandise. As of today, the catalog includes:
Stamp Seed Titanium plate for securing bitcoin private keys
Exclusive Leathermint Wallet - Bitcoin Well exclusive 3-card wallet + money clip
Simply Bitcoin Hoodie
Tesla Cybertruck
Bitcoin Well has a list of collaborations and exclusive merchandise that will empower our target customer's bitcoin journey. These collaborations will range from wearable merchandise, hardware wallets, educational games and more. The Company expects to release more products every few weeks for the remainder of the year.
For more information about the Bitcoin Well points store, please visit the Rewards page in your Bitcoin Well account.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact Adam O'Brien:
Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Edmonton, Alberta May 6, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the first quarter ended March 31, 2025.
Key highlights
Financial overview
For the three months ended, | ||||||||
March 31, 2025 | March 31, 2024 | |||||||
Revenue | 31,802,012 | 16,181,120 | ||||||
Gross Profit | 1,084,450 | 802,811 | ||||||
Adjusted EBITDA (1) | (354,693) | (430,080) | ||||||
Net income (loss) | 3,293,498 | (8,124,693) | ||||||
Total comprehensive loss | (1,436,438) | (1,541,738) | ||||||
Total revenue in the first quarter of 2025 showed a significant 97% increase, reaching $31.8 million compared to $16.2 million in the same period of 2024. This growth was driven by a substantial increase in transaction volumes on both the Online Bitcoin Portal and Bitcoin Well Infinite.
Specifically, the Online segment experienced 111% revenue growth, reaching $15.2 million in Q1 2025, compared to $7.2 million in Q1 2024. Bitcoin Well Infinite also demonstrated strong growth, with a 374% increase in revenue, reaching $11.7 million, compared to $2.5 million in the previous year. This overall growth was partially offset by a decline in ATM sales, which decreased to $4.9 million in Q1 2025 from $6.5 million last year.
Bitcoin Well Founder and CEO Adam O'Brien announced the division of online sales into two separate business units starting in 2025: the Online Bitcoin Portal and the newly established Bitcoin Well Infinite business unit. Bitcoin Well Infinite facilitates large bitcoin transactions ($50,000 and above) for high-net-worth individuals and businesses in Canada, the USA, and internationally.
"We expect the strong revenue growth from both business units to continue throughout 2025," stated Adam O'Brien. "The Bitcoin Well Infinite high touch segment will offer a secure and personalized private banking-style solution with a self custody first approach for clients seeking long-term wealth preservation. With our strategic partnerships we are able to service regions broader than just Canada and the United States and have already facilitated transactions world-wide."
Gross profit for Q1 2025 saw a 35% increase to $1.1 million, compared to $0.8 million in Q1 of the previous year, attributed to higher revenue with the gross margin decreasing to 3.4% from 5.0% last year. This decrease was due to a shift in sales mix, with lower margin online and Bitcoin Well Infinite transactions now making up a larger share than high margin Bitcoin ATM sales.
Despite having a lower gross profit margin than Bitcoin ATMs, both the Bitcoin Portal and Bitcoin Well Infinite are more scalable and have lower expansion costs, making them the preferred business units for growth. Q1 2025 saw a gross margin of 1.5% in the Online Bitcoin Portal segment (compared to 0.7% in Q1 2024) and 1.8% in the Bitcoin Well Infinite segment (compared to 1.7% in Q1 2024).
Net income improved from a loss of $9.8 million in Q4 2024 to a positive $3.3 million in Q1 2025, primarily due to favourable fair value changes related to cryptocurrency loans and realized gains on the disposal of digital assets. Loss before other items saw a slight improvement, decreasing to $1.2 million from $1.3 million in Q1 2024.
Additional information
This news release should be read in concert with the full disclosure documents. The Bitcoin W ell unaudited condensed consolidated interim financial statements and Management Discussion & Analysis for the three months ended March 31, 2025 will be available on the Bitcoin Well website ( www.bitcoinwell.com ), via SEDAR+ ( www.sedarplus.ca ) or can be requested from the Company.
Non-IFRS measures
The Company uses certain terms in this news release, such as ‘Adjusted EBITDA', which does not have a standardized or prescribed meaning under International Financial Reporting Standards (IFRS), and accordingly, these measurements may not be comparable with the calculation of similar measurements used by other companies.
Please refer to the "Non-IFRS Financial Measures" section in the Company's MD&A for applicable definitions, calculations, and rationale for use. Non-IFRS measures are provided as supplementary information by which readers may wish to consider the Company's performance, but should not be relied upon for comparative or investment purposes.
See the table below for a reconciliation of Adjusted EBITDA to net income (loss):
For the three month ended March 31 | 2025 | 2024 | |||||
Net income (loss) | $ | 3,293,498 | $ | (8,124,693) | |||
Financing fees | 705,152 | 644,147 | |||||
Depreciation | 106,636 | 262,453 | |||||
Fair value change - crypto loans (1) | (2,253,103) | 7,876,112 | |||||
Share based compensation | 104,318 | 67,583 | |||||
Foreign exchange (gain) loss | (16,894) | 121,512 | |||||
Gain on debt settlement | - | (20,000) | |||||
Fair value change - crypto inventory | 156,586 | (404,615) | |||||
Fair value change - convertible debt | 27,557 | - | |||||
Realized gain on digital assets | (2,478,443) | (852,579) | |||||
Adjusted EBITDA | $ | (354,693) | $ | (430,080) |
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien
Tel: 1 888 711 3866
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to statements in respect of: revenue growth from the Online Bitcoin Portal and Bitcoin Well Infinite in 2025; and Bitcoin Well's business plans, strategy and outlook.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including, but not limited to the following: economic and financial conditions, volatility in the capital or credit markets; the level of demand and financial performance of the cryptocurrency and digital asset industry, the occurrence of force majeure events; the extent to which the Company is successful in gaining new long-term users or retaining existing users; developments and changes in laws and regulations, disruptions to the Company's technology network; inability to obtain financing; competitive factors; and such other factors as discussed in the "Risks and Uncertainties" section of the Company's MD&A.
Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of the foregoing risk factors and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
For more information, see the Note Regarding Forward Looking Statements found in the Bitcoin Well MD&A.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Bitcoin (BTC) is priced at US$107,736, an increase of two percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.
Bitcoin price performance, June 23, 2025.
Chart via TradingView.
Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.
The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.
The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.
This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.
Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.
Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.
“Hashrate dropped right after Israel's initial strike on Iran. It's not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran's power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).
“Can't say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it's likely this is what caused the drop in hashrate.”
However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.
According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).
The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).
The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.
Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.
The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.
Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.
Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.
The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.
To increase transparency, the firm plans to report BTC-per-share data for investors going forward.
Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”
While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.
Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.
The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.
The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.
ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.
Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.
The new rules are expected to be unveiled within days.
According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin
Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.
The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.
He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.
Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea's currency and hinder the central bank's monetary management strategies.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) is priced at US$102,876, an increase of 4.2 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$100,177 and a high of US$103,154 as the market opened.
Bitcoin price performance, June 23, 2025.
Chart via TradingView.
Crypto markets are bracing for continued short-term volatility, heavily influenced by macro conditions and geopolitical developments, particularly the US-Iran situation. Traders are warning of a potential drop to US$95,000, with some even anticipating US$92,000, as only 3 percent of newer Bitcoin investors are currently profitable.
Despite immediate concerns, analysts remain constructive on Bitcoin's long-term resilience. Growing structural demand from public entities is solidifying Bitcoin's role as a strategic reserve. Longer-term metrics suggest 2025 could be the last bullish leg of this cycle, potentially driving Bitcoin prices north of US$200,000.
Over the weekend, Bitcoin fell below the US$100,000 mark for the first time since May following US President Donald Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.
The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass shows that US$915 million of long positions and US$109 million worth of shorts were wiped out.
Ethereum (ETH) closed at US$2,308.07, a 6 percent increase over the past 24 hours. Its lowest valuation on Monday was US$2,206.39, and its highest valuation was US$2,312.59, minutes before the closing bell.
Crypto investor Anthony Pompliano has unveiled a new Bitcoin treasury company, ProCap Financial, via a merger with Columbus Circle Capital I, a special purpose acquisition company.
The venture will hold up to US$1 billion in Bitcoin, and aims to follow in the footsteps of Michael Saylor's Strategy (NASDAQ:MSTR), a software firm turned crypto juggernaut.
ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano has called the largest-ever raise for a treasury-focused crypto firm.
Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its Bitcoin through lending, derivatives and financial services.
Tokyo-based Metaplanet (TSE:3350,OTCQX:MTPLF) has added 1,111 BTC to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.
The firm purchased the Bitcoin at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC valued at over US$1.1 billion. Metaplanet has embraced a bold Bitcoin-first treasury approach, positioning itself as Asia’s Strategy equivalent in the corporate crypto playbook.
Cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US, according to an interview the Information conducted with an executive from the firm on Sunday (June 22).
“We will absolutely consider an IPO in the future,” Haider Rafique, chief marketing officer, told the outlet, without providing a potential launch date. “If we go public, it would likely be in the U.S.”
The exchange resumed operations in the US in April after the US Department of Justice found that it had actively pursued US customers without the required license. OKX pleaded guilty to one count of operating an unlicensed money transmitting business in February and agreed to pay over US$500 million in penalties.
Sequans Communications (NYSE:SQNS), an IoT semiconductor developer, is planning a US$384 million capital raise for a strategic Bitcoin treasury. This move is one of the latest in a growing trend of companies using Bitcoin as a reserve asset, which crypto analyst Adam Back has dubbed the “new ALT SZN for speculators."
The company issued a press release announcing the endeavor on Monday.
The raise includes US$195 million in equity and US$189 million in convertible debentures. The company is also partnering with Swan Bitcoin for its Bitcoin treasury management. CEO Georges Karam said this reflects “strong conviction in bitcoin as a premier asset and a compelling long-term investment.”
Payments giant Fiserv (NYSE:FISV) is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of main street banks. The platform will allow Fiserv’s banking clients — estimated at 3,000 institutions — to launch their own branded stablecoins or integrate FIUSD into their operations.
Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos.
The platform is set to go live by the end of the year.
In a statement sent to Cointelegraph on Monday morning, a representative from Canaan (NASDAQ:CAN), a tech firm primarily known for designing and producing application-specific integrated circuits (ASICs) for Bitcoin mining, said it “has successfully completed a pilot production run in the US.” Canaan also announced the discontinuation of its artificial intelligence semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.”
“I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) is priced at US$103,366, a decrease of 0.9 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$102,624 and a high of US$106,042 as the market opened.
Bitcoin price performance, June 20, 2025.
Chart via TradingView.
The Bitcoin price stalled after reaching around US$106,500, then sank below US$104,000 as an unusually large expiry of options and futures contracts worth US$6.8 trillion occurred on US stock indexes.
The US Federal Reserve held interest rates steady on Wednesday (June 18), but Christopher Waller, a member of the Federal Reserve Board of Governors, said a cut is possible next month if inflation remains controlled.
Cuts typically boost risk assets like Bitcoin. Markets have already pushed the US dollar index to a three year low, so a surprise rate cut could further weaken the dollar and propel Bitcoin forward.
Ethereum (ETH) is currently priced at US$2,415.98, a 3.5 percent decrease over the past 24 hours. Its lowest valuation on Friday was US$2,396.50, and its highest valuation was US$2,556.46 as trading commenced.
Coinbase Global (NASDAQ:COIN) has unveiled a new product called Coinbase Payments, designed to help online retailers accept stablecoins like USDC with minimal friction. The system is built to mirror traditional card infrastructure so that merchants can plug it in without having deep cryptocurrency knowledge.
The platform targets marketplaces such as Shopify (TSX:SHOP,NYSE:SHOP) and eBay (NASDAQ:EBAY), giving small to medium businesses a cost-effective alternative to credit card fees.
Shopify is the first to integrate the system, allowing merchants to accept USDC payments through Coinbase’s Layer 2 Base network. The platform supports crypto wallets like Coinbase Wallet, MetaMask and Phantom and includes features for transaction authorization, refunds and recurring payments.
Circle (NYSE:CRCL) shares continued to rally on Friday, jumping another 11 percent after a 34 percent surge the day before, as momentum builds behind a Senate-approved bill to regulate stablecoins.
The GENIUS Act, a bipartisan effort, could bring long-awaited legal clarity to stablecoin issuers like Circle, which manages the US$32 billion USDC token. Although the bill still needs approval from the House and requires a signature from US President Donald Trump, investors are already optimistic.
Circle shares are now trading at US$221, up from an initial public offering price of just US$31 — signaling massive investor confidence amid a changing regulatory climate.
Bank of Korea Governor Rhee Chang-yong said at a press conference this week that the central bank is not opposed to a won-based stablecoin, but is concerned about managing the FX of the token, according to Reuters report.
"Issuing won-based stablecoin could make it easier to exchange them with a dollar stablecoin rather than working to reduce the use of a dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex," Chang-yong told reporters in Seoul.
Earlier this month, South Korea’s Democratic Party proposed the Digital Asset Basic Act, which aims to establish a regulatory framework to enable local companies to issue won-denominated stablecoins.
Parataxis Holdings, an affiliate of digital asset-focused investment company Parataxis Capital Management, announced Friday that it has entered a definitive agreement to acquire a controlling interest in biotech company Bridge Biotherapeutics (KOSDAQ:288330) for an investment of 25 billion South Korean won, roughly US$18.5 million.
Following the closing of the deal, Parataxis will become Parataxis Korea and be repurposed as a treasury vehicle for institutional Bitcoin exposure, joining a growing list of companies holding Bitcoin on their balance sheet.
“Inspired by the growing interest in BTC treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan, we believe institutional interest in this space is increasing globally,” said Andrew Kim, a partner at Parataxis Capital. “We see South Korea as an important market in the evolution of BTC adoption.”
“We are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run,” echoed founder Edward Chin.
Kraken, a leading cryptocurrency exchange, made a landmark announcement on Thursday (June 19), revealing a strategic partnership with Bitcoin staking protocol Babylon to introduce a staking product that allows Kraken users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending.
These traditional methods, while enabling some forms of yield generation, can introduce additional risks and technical hurdles for users. Kraken and Babylon aim to provide a more streamlined, secure and accessible way for Bitcoin holders to generate passive income. The interest earned through this new product will come in the form of BABY tokens, the native cryptocurrency of the Babylon protocol.
Arizona is one step closer to becoming the second US state with an official Bitcoin reserve, after its Senate narrowly passed House Bill 2324. The bill allows the state to hold abandoned digital assets as unclaimed property and establishes a Bitcoin and digital assets reserve fund for those holdings. The news comes on the heels of House Bill 2749, which was signed into law in April and amended Arizona's forfeiture laws to recognize digital assets.
HB2324 will now return to the House for final approval before heading to the governor’s desk. Earlier efforts to invest seized funds directly into BTC were vetoed by Governor Katie Hobbs, who cited concerns over crypto’s volatility.
If passed, Arizona would join New Hampshire in formalizing a state-level Bitcoin reserve.
Similar legislation is pending in Texas.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$104,043, a decrease of 0.8 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$103,832 and a high of US$105,218.
Bitcoin price performance, June 18, 2025.
Chart via TradingView.
Bitcoin hovered around US$105,000 on Wednesday morning before pulling back to around US$104,000 in the leadup to the US Federal Reserve’s decision to leave interest rates unchanged.
The crypto market has displayed resilience despite mounting geopolitical tensions, which have been tempered in light of the Senate vote to advance the GENIUS Act. Institutional buying, partly fueled by an influx of corporate treasuries, is helping to support demand amid uncertainty.
Key levels to watch are US$102,000 to US$104,000 as support and US$106,000 as resistance.
A breakout above US$112,000 could trigger a liquidation cascade to US$114,000, while a drop below US$100,000 risks deeper downside toward US$98,000.
Ethereum (ETH) is currently priced at US$2,498.86, a 1.4 percent decrease over the past 24 hours. Its lowest valuation on Wednesday was US$2.471.24, and it reached a high of US$2,533.07.
In a vote of 68 to 30, the US Senate passed the GENIUS Act, advancing the legislation to the House.
“With this bill, the United States is one step closer to becoming the global leader in crypto,” said Republican Senator Bill Hagerty of Tennessee from the Senate floor before the Tuesday (June 17) vote.
"Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks," he added.
Ubyx, a new stablecoin clearing platform designed to boost stablecoin adoption through face value redemptions, has secured US$10 million in seed funding, according to a company announcement made on Tuesday.
The round was led by Galaxy Ventures, and included participation from Coinbase Ventures, Founders Fund, VanEck and Paxos among others. Ubyx intends to launch its platform, which will enable regulated banks and fintech companies to redeem stablecoins directly for fiat currency at par value in the fourth quarter of 2025.
Ubyx's partners include stablecoin issuer Paxos and blockchain firm Ripple.
On Tuesday, Ondo Finance introduced the Global Markets Alliance, a collaborative effort to encourage the adoption of on-chain financial assets. Founding members include eight crypto platforms: Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca, with expectations for additional members to join.
Ondo Finance specializes in real-world asset tokenization and recently launched a layer-1 blockchain designed for institutional on-chain assets. The platform provides tokenized treasury products collateralized by US government debt.
Four publicly traded US companies announced a total of US$844 million in cryptocurrency investments on Tuesday, signaling a growing trend of corporations seeking returns through Bitcoin and other digital assets.
Hong Kong-based DDC Enterprise (NYSEAMERICAN:DDC) secured US$528 million via three securities purchase agreements, funding the company will use to acquire 5,000 Bitcoin over the next three years to fulfill with company's goal of building the "world's most valuable Bitcoin treasury.”
Major investors included Anson Funds and Animoca Brands' venture capital arm.
Fold Holdings (NASDAQ:FLD), recognized as the first publicly traded Bitcoin financial services firm, secured a US$250 million equity purchase facility. Net proceeds are primarily intended for further Bitcoin acquisitions.
BitMine Immersion Technologies (NYSEAMERICAN:BMNR), a firm specializing in Bitcoin mining equipment rentals, announced its purchase of US$16.3 million worth of Bitcoin, utilizing funds from a recent stock offering.
Eyenovia (NASDAQ:EYEN) disclosed a US$50 million private placement to establish a reserve for the Hyperliquid (HYPE) token. It intends to acquire over 1 million HYPE tokens to be staked on Anchorage Digital’s crypto platform.
In Europe, Paris’ Blockchain Group (EPA:ALTBG) expanded its Bitcoin reserves with the acquisition of 182 BTC for approximately US$19.6 million. This purchase increases the company's total Bitcoin holdings to 1,653 BTC and was financed through a series of convertible bond issuances.
Buying continued on Wednesday with the announcement of health services company Prenetics Global's (NASDAQ:PRE) US$20 million Bitcoin investment. This news coincided with the appointment of former OKEx COO Andy Cheung to Prenetics' board of directors, and Tracy Hoyos Lopez, chief of staff of strategic initiatives at Kraken, as an advisor to the company's Bitcoin strategy.
In a joint statement on Wednesday, Coinbase Derivatives and Nodal Clear announced they are expanding their partnership to allow Circle's USDC stablecoin to be used as collateral in US futures markets. This initiative is anticipated to be the first regulated instance of USDC being used as collateral, with Coinbase Custody Trust acting as the custodian.
The goal of this integration is to encourage wider acceptance of stablecoins within regulated derivatives markets. Pending approval from the Commodity Futures Trading Commission, the integration is scheduled to launch in 2026.
Meanwhile, ARK Invest, led by Bitcoin bull Cathie Wood, sold 642,766 shares of USDC issuer Circle (NYSE:CRCL), worth US$96.5 million, over Monday (June 16) and Tuesday.
This occurred as Circle's stock price declined by almost 12 percent during the same period. This marks ARK's first divestment of Circle since its explosive NYSE public debut on June 5. Circle’s share price has since recovered, ending the trading day valued at US$199.59, 35 percent above Monday’s opening price of US$147.54.
In other news, Deribit and Crypto.com will now begin accepting BlackRock (NYSE:BLK) tokenized US Treasury fund (BUIDL) as collateral for trading accounts held by institutional and experienced clients. This allows these traders to use a low-volatility, yield-generating asset to back leveraged positions, reducing their margin requirements.
These steps reflect a growing trend toward deeper crypto-finance integration.
Three new XRP exchange-traded funds (ETFs) launched on the Toronto Stock Exchange (TSX) on Wednesday, offering Canadian investors direct exposure to the XRP cryptocurrency.
These new ETFs expand accessibility to digital asset investments for Canadians within a regulated framework.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Bitcoin (BTC) was priced at US$108,585, an increase of 3.1 percent in the last 24 hours. The day's range for the cryptocurrency brought a low of US$106,615 and a high of US$108,785.
Bitcoin price performance, June 16, 2025.
Chart via TradingView.
Bitcoin has entered the week in recovery mode, erasing recent losses tied to geopolitical tensions. It surged from around US$106,600 to US$108,800 on Monday in the first half of the trading day.
This rebound puts the bulls back in control and may mark the beginning of a new price discovery phase. BTC is now eyeing US$110,500, with some traders forecasting targets of up to US$170,000 to US$230,000 in this cycle.
Ethereum (ETH) is currently priced at US$2,655.05, a 4.7 percent increase over the past 24 hours, after opening at its lowest valuation of US$2,612.07 and reaching a high of US$2,661.06.
Ethereum wallets with 1,000 to 10,000 ETH are accumulating at the fastest pace since 2018, adding over 800,000 ETH on Sunday (June 15) evening according to Glassnode data, signaling strong insider confidence.
Meanwhile, institutional interest continues to surge, with Ethereum staking platforms like Lido attracting significant capital inflows despite short-term price dips.
This robust stacking and staking activity suggests that foundational demand remains strong despite ETH price consolidation. Market insiders and institutions appear poised for a potential breakout, supporting a positive medium- to long-term outlook for Ethereum.
SRM Entertainment (NASDAQ:SRM) announced a reverse merger to rebrand as Tron, launching a US$210 million Tron treasury funded by a US$100 million equity investment. The move will bring Tron to the public market.
According to the press release, SRM Entertainment will issue 100,000 Series B convertible preferred shares, which can be converted to 200 million common shares at US$0.50 each, along with 220 million warrants to acquire 220 million common shares at an exercise price of US$0.50 each.
Tron founder Justin Sun will advise the new company.
This follows reports of suspicious activity around the January launch of US President Donald Trump’s memecoin, $TRUMP. At the time, a cold wallet was identified with the user name “Sun” and was noted to hold a very significant amount of $TRUMP. This wallet quickly rose to become the top holder. Sun later confirmed he was the largest holder.
Dominari Securities, which hired Donald Trump Jr. and Eric Trump as advisors in February, structured the deal, and Eric Trump is reportedly expected to take a role, according to sources for the Financial Times. This occurs as the GENIUS Act faces a Senate vote on Tuesday (June 17) and amidst scrutiny of Trump's crypto ties, evidenced by his US$57.7 million in earnings from World Liberty Financial, a firm he and his sons founded.
US President Donald Trump’s media empire is doubling down on digital assets, filing for a dual Bitcoin and Ethereum exchange-traded fund (ETF) under the Truth Social brand.
The proposed ETF, which aims to offer direct exposure to BTC and ETH, will be managed by Yorkville America Digital and marketed as a low-barrier, cost-effective gateway into crypto investing. This follows the firm’s earlier filing for a standalone Bitcoin ETF and public plans to use debt financing to buy BTC outright.
Critics warn of potential conflicts of interest as Trump simultaneously promotes crypto policy and holds a controlling stake in Trump Media & Technology Group (NASDAQ:DJT), now valued in the billions. The White House has denied any crossover influence, saying the president is “walled off” from personal business decisions.
Meanwhile, Trump Jr. and Eric Trump have been actively marketing crypto products and even launched a new “Trump Phone” — all under a nationalist “Made in America” campaign that plays well with Trump’s base.
Michael Saylor’s Strategy (NASDAQ:MSTR) has added another US$1.05 billion in Bitcoin to its balance sheet, acquiring 10,100 BTC between June 9 and June 15, per a new SEC filing. This brings the company’s total holdings to over 592,000 BTC — purchased at a cumulative cost nearing US$42 billion since August 2020.
Despite Bitcoin’s recent price volatility, Saylor reaffirmed the firm’s “buy and hold indefinitely” strategy and its mission to promote BTC as a global reserve asset.
Shares of Strategy initially slipped 0.4 percent on the news, even as the S&P 500 climbed 1 percent.
Nonetheless, the company’s long-term bet on Bitcoin has paid off handsomely: its stock is up nearly 3,000 percent since entering the crypto space, compared to a 78 percent gain for the S&P over the same period.
Vietnam’s National Assembly has officially passed the Law on Digital Technology Industry, making it the country’s first legal framework that directly regulates cryptocurrencies and virtual assets.
Set to take effect on January 1, 2026, the law separates digital assets into two core categories — crypto and virtual — excluding traditional securities and CBDCs from its scope.
The legislation also empowers the central government to define asset classes and regulate compliance standards around anti-money laundering, cybersecurity, and terrorism financing.
Officials said the move responds to “persistent gaps” flagged by the Financial Action Task Force (FATF), which gray-listed Vietnam in 2023 for weak AML controls. Analysts believe the law could pave the way for FATF delisting and unlock further international investment.
In parallel, the law extends incentives like tax relief and land-use perks to AI, chip, and data center firms — a clear attempt to position Vietnam as a hub in the global semiconductor supply chain.
Anonymous sources for Reuters say crypto exchanges Gemini Group Global and Coinbase Global (NASDAQ:COIN) are nearing approval to operate in the EU, joining a growing list of exchanges expanding their operations under the MiCA system. Gemini is expected to receive licensing in Malta, and Coinbase in Luxembourg.
Neither company confirmed the report, but a Coinbase spokesperson told Reuters that Luxembourg is a “well-respected global financial center.”
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.