Saylor Hoards $3 Billion in Cash as Strategy’s $55 Billion Bitcoin Bet Sinks $9.9 Billion Underwater
Strategy Inc. (Nasdaq: MSTR) now pairs a $3 billion U.S. dollar reserve with 843,775 BTC worth roughly $55 billion, a barbell structure executive chairman… read more.
Editor’s comment:
The scale of Saylor’s bet means he will either be one of the wealthiest men who ever lived, or a disgraced gambler. With that said, now that Strategy has included selling BTC as part of its management system, it’s likely we will see less of Saylor and the firm in the headlines.
CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided
The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered… read more.
Editor’s comment:
Bitcoin.com’s Luci Kelemen notes that Michigan is the second state, after Nevada, to obtain an order requiring Kalshi to restrict access through geolocation. Nevada regulators separately alleged that Kalshi’s IP geofence allowed residents to continue buying prohibited contracts despite a court order.
Tim Draper Admits ‘Ouch’ Moment After Passing on Coinbase — His Son Saw a Crypto Fortune in the Making
Tim Draper says he passed on Coinbase after underestimating how quickly retail crypto adoption would arrive, but his son invested early… read more.
Editor’s comment:
Now that he’s learnt his lesson, there may be some alpha in the next founder that Draper or his son decide to invest in early on. Today, Coinbase is worth over $44 billion, a lovely company to get in at the ground floor on.
Trump Torches Iran Ceasefire as Brent Crude Tops $83 and Bitcoin Sinks Below $62K
U.S. President Donald Trump declared a June ceasefire with Iran “over” this week after U.S. Central Command carried out fresh strikes… read more.
Editor’s comment:
The flip flopping on Hormuz has been a bane on markets since it started in early 2026, yet stock markets are still basically at all-time highs. Bitcoin, on the other hand, which should theoretically do better in times of geopolitical uncertainty, has suffered. A smooth conclusion to this situation could be what BTC needs to finally kick off a new cycle.
Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
Blackrock CEO Larry Fink said he is bullish on markets, citing early gains from technology-driven margin expansion… read more.
Editor’s comment:
With the world’s biggest Bitcoin ETF (IBIT), Fink has good reason to want Bitcoin to recover. Public bullish sentiment from the largest asset manager in the world is a much welcomed catalyst for BTC, especially when price is at a discount rather than soaring to new all-time highs.