Strategy Increases Bitcoin Holdings with $2 Billion Purchase Funded Mostly by Preferred Stock
Strategy expanded its Bitcoin reserves by acquiring nearly 25,000 BTC at an average price above $80,000, largely financed through preferred stock sales.
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Corporate Power
AI & Tech Regulation
Fired Trump Antitrust Official Joins Democrats’ Unofficial Hearing on Live Nation Settlement
Former Trump antitrust official Roger Alford teams with Democrats in an unofficial hearing criticizing the Live Nation-Ticketmaster settlement reached by the DOJ under Trump.
Crypto & Fintech
Crypto Funds See Over $1 Billion in Withdrawals Amid US-Iran Tensions and Market Volatility
Cryptocurrency investment products experienced significant outflows last week as geopolitical concerns and inflation fears prompted investors to reduce exposure in Bitcoin and Ether funds.
Corporate Power
Google Pixel 10 offered for $299 with first year of Mint Mobile service
Mint Mobile sells the Google Pixel 10 for $299 when customers commit to one year of cellular service, combining device and connectivity at a significantly reduced cost.
Trade & Tariffs
Trump Voluntarily Drops $10 Billion IRS Lawsuit Amid Judge’s Jurisdiction Concerns
President Trump dismissed his $10 billion lawsuit against the IRS just before a court deadline, citing procedural rights and avoiding scrutiny over the tax return leak case.
Markets & Macro
Bitcoin and Major Cryptocurrencies Face Bearish Pressure Amid Inflation Concerns and Geopolitical Tensions
Bitcoin retreated to a critical support level as altcoins fell below key thresholds, driven by inflation worries and geopolitical risks affecting market sentiment.
AI & Tech Regulation
Pope Leo XIV to Unveil AI-Focused Encyclical in Landmark Vatican Event
Pope Leo XIV and Anthropic’s co-founder will present the pontiff’s first encyclical addressing human dignity amid AI’s rise, in a major Vatican ceremony on May 25.
Crypto & Fintech
Bitcoin Depot Files for Chapter 11 as Capital B Expands BTC Holdings Amid Slumping Retail Activity
Bitcoin Depot begins bankruptcy proceedings; Capital B boosts its Bitcoin treasury by 192 BTC, while retail investor Bitcoin activity reaches historic lows.
Crypto & Fintech
Goldman Sachs Cuts XRP and Solana ETF Holdings, Refocuses Crypto Portfolio
Goldman Sachs sharply scaled back XRP and Solana ETF positions in Q1 2026, while maintaining substantial Bitcoin and Ether ETF investments and shifting equity stakes in crypto firms.
Crypto & Fintech
Bitcoin Faces Pressure as Key Support Levels Break Amid Rising Geopolitical Risks
Bitcoin dropped below a critical 21-week trend line early this week, weighed down by geopolitical tensions and volatile market dynamics, sparking debate over a possible bear trap or further decline.