Connect with us
DAPA Banner

Crypto World

Miners brace for changing economics ahead of 2028 Bitcoin halving

Published

on

Crypto Breaking News

Bitcoin’s fifth halving is slated for April 2028, and the mining sector is entering that cycle with far tighter margins than in 2024. A mix of higher input costs, strained energy markets and increasingly explicit regulatory expectations are reshaping how miners operate, finance, and plan for the next supply cut.

During the previous halving in April 2024, Bitcoin traded around $63,000 as block rewards halved from 6.25 BTC to 3.125 BTC. By the 2028 event, miners will contend with even higher costs for energy, equipment and capital, all while a record hashrate and evolving policy regimes pressure balance sheets and strategic choices. Those dynamics have sparked a broader rethink: operators are moving beyond pure Bitcoin production toward energy infrastructure, grid services and multi-use sites designed to generate revenue streams that endure beyond block rewards.

Key takeaways

  • The 2028 halving will reduce the block reward to 1.5625 BTC, at a time when input costs and energy prices are elevated relative to 2024.
  • Miner balance sheets are tightening as executives pay down debt and deploy capital with greater discipline; notable sales of Bitcoin by major operators underline a shift in risk posture.
  • Industry participants are pursuing longer-term power contracts and diversified site operations, signaling a move toward energy and infrastructure plays rather than pure mining plays.
  • Regulatory clarity—across custody, banking access and crypto asset markets—appears increasingly central to capital allocation and institutional participation.
  • Market dynamics are converging toward operators capable of financing, sustaining power, and monetizing ancillary opportunities such as grid services and heat reuse.

From cycles to infrastructure: a changing mining playbook

Industry executives describe the coming cycle as structurally different from 2024. Juliet Ye, head of communications at Cango, argues the environment for 2028 “looks almost nothing like 2024,” driven by a widening efficiency gap that forces fleet upgrades and longer energy commitments instead of chasing the cheapest tariffs. “There is less room in the middle now,” she said. “Operators with scale and diversification will be fine. Those without will find the next halving very difficult.”

Along similar lines, GoMining CEO Mark Zalan emphasized that capital discipline now matters more than sheer increases in hashrate. In his view, new deployments must clear tougher returns thresholds, reflecting the need to secure reliable energy and durable infrastructure before the next reward cut.

Despite these shifts, some fundamentals remain familiar. Stratum V2 pool DMND’s co-founder and CEO, Alejandro de la Torre, noted that the core dynamics of mining cycles tend to repeat, with peak hotspots reconfiguring and decentralization expanding as mid-sized players form new energy partnerships. The underlying message is that, even as strategies diversify, the market continues to rebalance around how and where power is sourced and monetized.

Advertisement

Balance sheets tightening: pre-halving recalibration

Evidence of a more conservative posture is visible in recent balance-sheet activity. Mara Holdings disclosed the sale of more than 15,000 Bitcoin in March to reduce leverage, while Riot Platforms liquidated over 3,700 BTC in Q1 to deleverage and restructure debt. Cango sold around 2,000 BTC to address its financing needs, and Bitdeer reported its Bitcoin treasury had fallen to zero as of February 20. These moves illustrate a broader recalibration: miners are prioritizing debt reduction, liquidity preservation and readiness to fund longer-duration power or energy projects ahead of the 2028 halving.

That tightening is accompanied by a deeper reexamination of hardware and site economics. Ye pointed to a structural shift toward energy contracts that span multiple regions, arguing that the most successful operators will lock in stable power and build sites capable of multi-use capacity. The early 2028 cycle is shaping up as a test of whether miners can convert heavy capex into durable, non-hash rate income streams.

Beyond blocks: monetizing energy and grid services

The economics of the 2028 cycle appear to reward operators who diversify revenue streams and manage capital with precision. Zalan described a landscape where “capital discipline now matters more than hashrate maximalism,” and where new deployments must deliver returns that justify the upfront costs and ongoing energy spend. The opportunity set expands beyond mining to include services that align with energy markets, such as load-curtailment, grid stabilization and potential heat reuse at multipurpose facilities.

Cango is positioning itself for this broader model. Juliet Ye highlighted an overarching thesis: facilities that can operate as mining hubs while serving AI inference or other high-performance compute tasks will be the ones that endure. “The facilities that will matter in five years are the ones that can do more than one thing,” Ye said, underscoring a trend toward bifurcated usage—hashpower during certain windows and compute workloads during others.

Advertisement

Analysts and operators also point to a broader industry realignment of incentives. In the 2024 cycle, investors rewarded miners largely on their Bitcoin exposure and price performance. As the sector matures, more capital is likely to flow toward operators that can secure long-term power agreements, participate in grid mechanisms and build scalable, multi-use sites that lock in revenue streams beyond the block reward.

Regulation as a material driver of capital decisions

Regulatory regimes are shifting from a cautious overlay to a more formal framework, and that evolution is increasingly embedded in investment theses. In the United States, developments around custody rules and banking access are being watched closely, while Europe’s Markets in Crypto Assets (MiCA) framework continues to shape how institutions approach crypto assets. Asia’s regulatory moves—along with new settlement rails and ETFs in various markets—are contributing to a clearer, more usable environment for capital to flow into mining and associated energy infrastructure.

Proponents argue that better-defined rules can accelerate capital deployment by reducing policy risk. Zalan indicated that the current backdrop is making capital moves faster when the regulatory environment is clear and reliable. He also suggested that the market has not fully priced in the potential for a tighter supply impulse to coincide with a broader Bitcoin ecosystem expansion by 2028.

What readers should watch next

As the 2028 halving draws nearer, investors, builders and miners will be watching several key signals. The ability of operators to lock in durable power arrangements and to monetize non-mining revenue streams will be critical in determining who emerges strongest from the next cycle. Regulatory clarity, particularly around custody and banking access, will likely influence which companies can scale and attract institutional capital. Finally, the balance between debt management and capex for energy infrastructure will shape which players can sustain operations through a period of reduced block rewards.

Advertisement

In the near term, market participants will assess how quickly energy markets adapt to geopolitical shifts and whether new efficiency gains offset rising input costs. The 2028 halving may test a broader, more resilient mining ecosystem—one that’s less about chasing the next subsidy and more about building enduring, multi-use infrastructure that aligns with evolving energy and financial regulation.

Readers should monitor updates on how miners rearrange their portfolios, the pace of energy-contract takeups, and any regulatory clarifications that influence institutional participation. The next few quarters could reveal whether the sector successfully bridges block rewards with real-world assets and services, marking a new era for Bitcoin mining as a tangible, infrastructure-backed industry.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

RaveDAO accused by ZachXBT of ties to ‘suspicious’ crypto exchange activity

Published

on

RaveDAO accused by ZachXBT of ties to ‘suspicious’ crypto exchange activity

Blockchain sleuth ZachXBT wrote on Sunday that the team behind RaveDAO is at least aware of who manipulated the price of its token, which saw an impossible 11,000% surge in price followed by a near immediate collapse.

“I found suspicious CEX (centralized crypto exchanges) activity on April 26 tied to RaveDAO team addresses onchain, which potentially contradicts their recent statements,” the blockchain investigator said.

In a separate post, ZachXBT flagged a transfer from a RAVE address used for “initial distribution” by RaveDAO from which roughly $23 million worth of tokens were transferred to two Bitget deposit addresses causing the price to drop 40% from $1 to $0.6.

RaveDAO posted a six-part X thread on Saturday, previously reported by CoinDesk, stating “we are aware of the rumors and accusations circulating regarding $RAVE and the RaveDAO team. We want to be clear: RaveDAO team is not engaged in, nor responsible for, recent price action.”

Advertisement

However, ZachXBT said, “given the supply concentration, the team at minimum knows who is responsible for this price action.”

In a separate X post, the investigator said, “you expect the community to believe RAVE went $60M -> $6B mkt cap organically in nine days with little to no utility? Considering your team handled the initial distribution with a low float it’s unlikely you do not know the party responsible for it.”

The RaveDAO token, which increased by nearly 11,000% in nine days from about $0.25 to $27.33, then plunged by over 90%, losing roughly $5.7 billion in market capitalization in just 48 hours. Its price currently hovers around $0.67.

The sleuth also said RAVE is not the only token with manipulation “we have seen on major centralized exchanges. It’s just the most blatant.” He also said it was highly unlikely the CEXs did not spot the massive $RAVE token price movements.

Advertisement

Source link

Continue Reading

Crypto World

UK-based Reabold draws criticism for weighing gas-powered bitcoin mining operation

Published

on

UK-based Reabold draws criticism for weighing gas-powered bitcoin mining operation

Reabold Resources, an investment company focused on developing European gas projects, said it is considering establishing a gas-powered bitcoin mining station in northern England.

The London-based company is exploring the potential to deploy a small power plant as a pilot for future data-center developments that are “crucial to the future U.K. economy,” it said in a statement on Monday.

Bitcoin production from the company’s West Newton A well site will be used to demonstrate the ability to use the gas to fuel data-center developments, the firm said. The announcement follows publication of a Telegraph article criticizing the plan at a time when the country could face gas shortages because of the war between Iran and the U.S. and Israel.

Concerns of potential gas shortage are unfounded according to a U.K. government statement in late March, which said gas supply will not be affected.

Advertisement

“Only about 1% of the U.K.’s gas supply in 2025 came from Qatar. We have no reason to expect it would be significantly different in 2026,” it said.

The Telegraph’s article said Reabold’s West Newton gas field is so large it could theoretically power the creation of 50,000 bitcoin tokens.

“A private gas supply means we can run a data centre to mine bitcoin relatively cheaply,” said Sachin Oza, the co-CEO of Reabold Resources, which has a drilling license by the Environment Agency.

“Initially, this would help fund the further development of the gas field and prove the concept – meaning it could become the precursor to a far larger data center.”

Advertisement

But, the firm said, “the significant onshore natural gas resource at the West Newton site in Yorkshire has and will continue to be progressed for the benefit of U.K. energy security, which is particularly important at this time of significant geopolitical uncertainty.”

Reabold’s plan for a bitcoin mining operation to broaden into a data center comes bitcoin mining is undergoing a transformation, with many companies diverting into high-performance computing and support for the AI industry.

Source link

Advertisement
Continue Reading

Crypto World

Ethereum Price Prediction: ETH Memecoins Heating Up, Wojak 300% After 100,000% Asteroid Run

Published

on

ETH memecoin sector is producing new millionaires. Ethereum price prediction is getting bullish! Here's why.

ETH memecoin season is flashing early signals. Ethereum is dropping under at $2,300 amid cautious consolidation, but beneath the surface, the ETH memecoin sector is producing new millionaires. Ethereum price prediction is getting bullish!

A single trader converted $2,500 into nearly $500,000 in hours via the Elon Musk-linked ASTEROID token on Ethereum, a 100,000% return on entry. Wojak, another ETH-native memecoin, has since posted a 300% follow-through move, suggesting capital is rotating rapidly through the ecosystem’s speculative tier. Social feeds lit up. The pattern is familiar to anyone who survived 2021.

Discover: The best pre-launch token sales

Ethereum Price Prediction: $2,600 On The Horizon

ETH sits at under $2,300, pinned inside a symmetrical triangle pattern with resistance clustered between $2,200 and $2,400. The RSI reads neutral, with volatility running at 5.21%, and 17 of the past 30 days closing green. Ethereum is coiling.

Moving averages confirm the tension. The 50-Day SMA sits at $2,210, providing near-term support below the current price. The 200-Day SMA at $2,645 looms well overhead as a macro ceiling. Price is sandwiched, structurally constructive, but requires a catalyst to resolve direction.

Advertisement
ETH memecoin sector is producing new millionaires. Ethereum price prediction is getting bullish! Here's why.
ETH USD, TradingView

Short-term forecast models offer cautious optimism: CoinCheckup projects $2,750 within 30 days, with incremental step targets of $2,340.by April 20 and $2,600 by April 24. The Fear & Greed Index is getting better at 27 after hovering under 20 for more than a month. This zone usually precedes recoveries more often than collapses.

If ETH can break the triangle upward trend through $2,400, it could finally trigger a run toward $3,000 and align with community targets, especially with memecoins in its chain gaining traction.

Discover: The best crypto to diversify your portfolio with

LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels

For us who just watched a $2,500 ASTEROID position become $500,000, the opportunity from the same coin is just gone. But the memecoin spike demonstrates where asymmetric returns actually live in this cycle: early infrastructure and early-stage assets, not late-entry rotations into established large-caps.

Advertisement

Although holding memecoins is not easy, we know people can fumble big money if patience runs out.

LiquidChain ($LIQUID) is a Layer 3 memecoin infrastructure project built around a single, genuinely useful proposition: fusing Bitcoin, Ethereum, and Solana liquidity into one execution environment. Developers deploy once and access all three ecosystems. It requires no bridging, no fragmented liquidity pools, no redundant deployments.

The architecture centers on a Unified Liquidity Layer, Single-Step Execution, and Verifiable Settlement.

Advertisement

The presale is live at $0.01451 per $LIQUID, with almost $700K raised to date. Staking is available for presale participants with a huge 1500% APY bonus.

Research LiquidChain and review the full presale terms here.

The post Ethereum Price Prediction: ETH Memecoins Heating Up, Wojak 300% After 100,000% Asteroid Run appeared first on Cryptonews.

Advertisement

Source link

Continue Reading

Crypto World

MicroStrategy Makes Biggest Bitcoin Buy Since 2024, Will It Move BTC Price?

Published

on

MicroStrategy Makes Biggest Bitcoin Buy Since 2024, Will It Move BTC Price?

MicroStrategy has made its largest Bitcoin purchase in over a year, adding 34,164 BTC for $2.54 billion at an average price of $74,395.

The move lifts its total holdings to 815,061 BTC, extending its lead as the largest corporate Bitcoin holder.

Executive Chairman Michael Saylor signaled the buy a day earlier with his usual chart post on X. Markets read it as another accumulation signal—and they were right.

MicroStrategy is Buying Near Breakout Levels

The timing stands out. Bitcoin has been trading close to Strategy’s average cost basis of roughly $75,500, placing the firm near breakeven.

Strategy has a pattern of stepping in around key levels rather than waiting for deep pullbacks. This latest purchase is also a step up in size. The company bought roughly $1 billion worth of BTC the week prior and $330 million the week before that.

The acceleration suggests growing conviction at current price levels.

Recent analysis from Coinbase shows that large, consistent buyers like Strategy reduce the liquid supply of Bitcoin. Coins move off the market and into long-term holdings, tightening available float.

Advertisement

That effect becomes more important when Bitcoin is already near a technical breakout level. At those points, even incremental buying can help push price higher, triggering momentum traders and systematic funds.

Strategy’s latest purchase absorbed more than 34,000 BTC in a single week. For context, miners produce roughly 450 BTC per day, meaning the company bought the equivalent of over two months of new supply in one move.

Bitcoin Supply Squeeze, With Limits

Still, the impact is not guaranteed.

Advertisement

Coinbase notes that the price effect of large buyers can be muted if the market already expects the purchases, or if flows from ETFs, derivatives, or macro conditions outweigh them.

In other words, Strategy’s buying tightens supply in the background. It matters most when market conditions are already leaning bullish.

Strategy continues to fund its purchases through its capital programs, including its STRC preferred stock. The company still has significant capacity to raise funds, giving it room to keep accumulating.

With over 815,000 BTC now on its balance sheet, Strategy is steadily moving toward its long-term goal of 1 million BTC.

Advertisement

The post MicroStrategy Makes Biggest Bitcoin Buy Since 2024, Will It Move BTC Price? appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading

Crypto World

Kelp DAO hits back at LayerZero for trying to shift the blame after a massive exploit

Published

on

Kelp DAO hits back at LayerZero for trying to shift the blame after a massive exploit

The popular Spiderman meme showing three identical superheroes pointing fingers at each other is having its crypto moment today.

Kelp DAO is set to push back on LayerZero’s post-mortem of Sunday’s $290 million exploit, which essentially blames Kelp, a L2 source familiar with the matter told CoinDesk. Kelp plans to dispute the cross-chain messaging firm’s claim that it ignored repeated warnings to move away from a single-verifier setup. CoinDesk has reviewed and verified the memo Kelp plans to publish.

Kelp is a liquid restaking protocol that takes user-deposited ether, routes it through a yield-generating system called EigenLayer, and issues a receipt token, rsETH, in exchange.

LayerZero is the cross-chain messaging infrastructure that moves rsETH between blockchains, using entities called DVNs (decentralized verifier networks) to verify whether a cross-chain transfer is valid.

Advertisement

On Saturday, attackers drained 116,500 rsETH, worth about $290 million, from Kelp’s LayerZero-powered bridge by poisoning the servers that LayerZero’s verifier relied on to check transactions.

Kelp, the source said, is planning on saying the DVN that was compromised via what it calls a “sophisticated state-sponsored attack” was LayerZero’s own infrastructure, not a third-party verifier.

Attackers compromised two of LayerZero’s own servers that check whether cross-chain transactions are legitimate, then flooded the backup servers with junk traffic to force LayerZero’s verifier onto the compromised ones.

All of that infrastructure was built and run by LayerZero, not Kelp, the source claimed.

Advertisement

The source contested LayerZero’s framing of the “1/1 configuration” as a fringe choice made against guidance. LayerZero’s post-mortem said KelpDAO chose a 1-of-1 DVN setup despite expressing recommendations to configure multi-DVN redundancy.

A “1/1 configuration” means only a single validator must sign off on a cross-chain message for the bridge to act on it, leaving the system with no second check to catch a compromised or forged instruction. A multi-validator configuration (such as 2/3, 3/5, etc.) ensures there is no single point of failure that can approve a forged message on its own.

They added that, through a direct communications channel with LayerZero, which has been open since July 2024, they produced no specific recommendation for Kelp to change the rsETH DVN configuration.

LayerZero’s own quickstart guide and default GitHub configuration point to a 1/1 DVN setup, the source told CoinDesk, adding 40% of protocols on LayerZero are currently using the same configuration.

Advertisement

The configuration Kelp ran also appears in LayerZero’s own V2 OApp Quickstart, where the sample layerzero.config.ts wires every pathway with one required DVN and no optional DVNs. That’s the same 1/1 structure.

Kelp’s core restaking contracts were not touched, and the exploit was isolated to the bridge layer, they added. Its emergency pause, 46 minutes after the drain, blocked two follow-up attempts that would have released an additional ~$200 million in rsETH.

CoinDesk reached out to LayerZero for comment on the story and didn’t hear back by the time of publication.

‘Deflecting responsibility’

Security researchers are also not buying LayerZero’s isolated framing, which pinned the blame on Kelp.

Advertisement

Kelp is a liquid restaking protocol. Its core competency is staking infrastructure, EigenLayer integration, and liquid staking token management. When integrating with LayerZero, Kelp relied on LayerZero’s documentation, their defaults, and their team’s guidance to make configuration decisions, the source claimed.

Yearn Finance core team developer Artem K, who is popularly known as @banteg on X, posted a technical review of LayerZero’s public deployment code and said that the reference setup ships with single-source verification defaults across every major chain, including Ethereum, BSC, Polygon, Arbitrum and Optimism.

That deployment also leaves a public endpoint exposed that leaks the list of configured servers to anyone who queries it.

Banteg flagged in his analysis that he can’t prove which configuration Kelp used, but noted that LayerZero usually asks new operators to use its default setup, which its post-mortem criticized.

Advertisement

Chainlink community manager Zach Rynes put it bluntly on X, alleging that LayerZero was “deflecting responsibility” for its own compromised infrastructure and accused the company of throwing Kelp under the bus for trusting a setup LayerZero itself supported.

As such, LayerZero has said it will no longer sign messages for any application running a single-verifier setup, forcing a protocol-wide migration.

Read more: ‘DeFi is dead’: crypto community scrambles after this year’s biggest hack exposes contagion risk

Source link

Advertisement
Continue Reading

Crypto World

Strategy boosts BTC stash to 800k with $2.5B for 34,164 BTC

Published

on

Crypto Breaking News

Strategy, Michael Saylor’s flagship vehicle and the largest public holder of Bitcoin, has surpassed 800,000 BTC in total holdings after its latest purchases. The company disclosed in an 8-K filing with the U.S. Securities and Exchange Commission that it bought 34,164 BTC for $2.54 billion between April 13 and 19, at an average price of $74,395 per coin.

The new purchase lifts Strategy’s total BTC under custody to 815,061 coins, purchased for $61.56 billion. The firm had about 780,897 BTC after a $1 billion buy just a week earlier. By coin count, the April tranche ranks as Strategy’s third-largest BTC acquisition, behind 55,500 BTC and 51,780 BTC purchases made in November 2024.

Key takeaways

  • New BTC haul: 34,164 BTC acquired for $2.54 billion (April 13–19), at an average price of $74,395 per coin.
  • Funding mix: Stretch (STRC), the perpetual preferred security, supplied about $2.18 billion (roughly 85.7% of the total proceeds); Class A common stock contributed about $366 million.
  • Record-pace activity via STRC ATM: The STRC at-the-market program delivered two consecutive days of heavy buying, with estimated BTC purchases rising to around 17,204 BTC across 11.9 million and 14.4 million shares sold, according to STRC Live—about a 518% surge versus the four-week average.
  • Cost basis and scale: The purchase price sits slightly below Strategy’s overall average cost basis, reinforcing the company’s long-standing commitment to accumulating BTC.
  • Future dividend signal: Strategy CEO Phong Le has signaled potential semi-monthly dividends for STRC, a unique feature among preferreds, a move the company says could be attractive.

Strategy expands its BTC stake with a mid-April buy

The363,164-BTC addition cements Strategy’s position as the world’s most prominent publicly traded Bitcoin holder. The deal, documented in an 8-K filing, shows the bulk of the purchase was executed through financing channels tied to STRC, the company’s perpetual preferred security. With the new BTC, Strategy’s total holdings stand at 815,061 BTC, a stake amassed for $61.56 billion to date.

For context, Strategy had been holding about 780,897 BTC after a $1 billion purchase a week prior, underscoring a rapid acceleration in accumulation over a short window. The new acquisition sits just below Strategy’s average cost of around $75,527 per BTC, illustrating a cautious approach to price levels over the course of the company’s investment program.

In a regulatory filing, Strategy confirmed the April purchases and reiterated that the company prioritizes a diversified approach to funding its Bitcoin stack, balancing debt-like instruments with equity capital. The size and cadence of the buys highlight how a very large corporate treasury can shape a single-asset narrative, particularly as BTC remains a focal point for corporate treasuries seeking to optimize risk/return over time.

Advertisement

STRC fuels the deal, underscoring the instrument’s role in Strategy’s strategy

The funding structure behind the latest BTC accumulation shows STRC playing a central role. The SEC filing indicates STRC generated $2.18 billion in proceeds from the sale of shares, accounting for roughly 85.7% of the total funding for the new purchase. By contrast, net proceeds from the sale of Class A common stock accounted for about $366 million.

Strategy’s leadership has repeatedly highlighted STRC as a key financing vehicle. Last week, co-founder and executive leadership signaled the potential for STRC to pay semi-monthly dividends, a rarity among preferred securities. In remarks cited by the filing, Strategy CEO Phong Le said, “If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive.”

ATM program momentum and what it signals

The week’s activity also reflected STRC’s at-the-market program’s capacity to drive large, rapid purchases. STRC Live reported a new daily record on April 13 of about 7,741 BTC tied to the sale of 11.9 million STRC shares, generating more than $1 billion in trading volume. The following day, the program set another record with an estimated 9,364 BTC tied to the sale of 14.4 million shares. Combined, the two days accounted for roughly 17,204 BTC, marking a 518% increase versus the four-week average.

These figures illustrate how a perpetual preferred instrument can work in tandem with a strategic corporate treasury plan to widen exposure to Bitcoin quickly, leveraging market liquidity to scale holdings without committing to large, single-block equity raises.

Advertisement

Market implications and what investors should watch next

Strategy’s latest round of accumulation reinforces the company’s longstanding thesis: Bitcoin remains a core long-term asset, with corporate treasuries willing to deploy significant capital through diversified financing structures. For investors in Strategy and BTC, the coordination between STRC-based funding and large-scale purchases signals a sustained appetite for exposure to Bitcoin as a strategic reserve asset rather than a speculative position.

Key questions moving forward include how STRC dividends will evolve, whether subsequent purchases will follow the same financing pattern, and how regulators might view semi-monthly dividend structures tied to a crypto-asset strategy. Market participants will want to monitor further SEC disclosures and STRC Live updates for new guidance on payout schedules and any shifts in the ATM program’s cadence.

As Strategy continues to expand its BTC stash, eyes will remain on the company’s next steps and the potential ripple effects on corporate treasury behavior, Bitcoin price discovery, and the broader crypto market’s adoption by public-market players.

Readers should watch for additional updates from Strategy and STRC in the coming weeks, including any new 8-K filings or official statements on dividend structure and future ATM activity.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

Saylor’s Strategy Boosts Bitcoin Holdings Past 815,000 BTC

Published

on

Saylor’s Strategy Boosts Bitcoin Holdings Past 815,000 BTC

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases.

Strategy acquired 34,164 Bitcoin (BTC) for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday.

The buy ranks as Strategy’s third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024.

Holding around 780,897 BTC after a $1 billion purchase just a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion.

Advertisement
Source: SEC

The new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527.

Saylor had teased the purchase on Sunday, signaling another large Bitcoin acquisition ahead of the announcement. The company also disclosed on Friday plans to pay Stretch (STRC) dividends twice monthly. STRC is the company’s perpetual preferred security.

“If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive,” Strategy CEO Phong Le said.

Related: Bitmine ramps up Ether buys, pushes holdings toward 5% of total supply

Strategy’s STRC funds more than 85% of the purchase

Similar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through STRC.

Advertisement

According to the filing, STRC generated $2.18 billion, or about 85.7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million.

Source: SEC

Last week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program.

On April 13, STRC set a new estimated daily record of about 7,741 BTC, based on the sale of 11.9 million shares through its at-the-market, or ATM, program, generating more than $1 billion in trading volume, according to STRC Live.

The stock set another record the following day, with an estimated 9,364 BTC tied to 14.4 million shares sold through its at-the-market, or ATM, program. The two days combined brought an estimated 17,204 BTC, marking a 518% surge versus the four-week average.

Magazine: Will the CLARITY Act be good — or bad — for DeFi?

Advertisement