Bitcoin exposure may provide a lucrative financial opportunity for Apple’s stock buyback program, according to Strategy’s Michael Saylor. Saylor’s proposition follows a Bitcoin (BTC) rally of over 11% since the beginning of 2025, which outperformed the 18% decline of Apple shares during the same period. Illustrating a growing corporate shift, increasingly more traditional companies are…
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Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States. The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday. While…
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Video game and consumer electronics retailer GameStop increased its planned private convertible note offering to $2.25 billion, signaling a deeper commitment to building out its corporate Bitcoin treasury. GameStop upsized its private convertible note offering to $2.25 billion on Thursday, with the sales of the notes expected to close on Tuesday. The video game retailer…
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Bitcoin’s institutional adoption is seeing a new wave of corporate investments, which stand to benefit from more global uncertainty before a trade agreement is finalized or a controversial US spending bill is passed. US President Donald Trump is pushing forward the “One Big Beautiful Bill Act,” which he says would cut as much as $1.6…
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Mercurity Fintech Holding, a Nasdaq-listed digital fintech group building blockchain-based payment infrastructure, will raise $800 million to establish a Bitcoin treasury reserve, as more corporations are embracing the world’s first cryptocurrency. The fintech company plans to raise $800 million to establish a “long-term” Bitcoin (BTC) treasury reserve, which will be integrated in its digital reserve…
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Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms. Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application in Hong Kong after the city’s stablecoin regulatory framework takes effect in August, according…
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Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly finalized their trade agreement, according to a June 11 post on Truth Social by US President Donald Trump. “Our deal…
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Bankrupt cryptocurrency exchange FTX is facing fresh scrutiny from users fighting for at least $2.2 billion worth of disputed claims still pending approval, with numerous creditors continuing to struggle to get their repayments approved. The FTX Recovery Trust started its second round of payments on May 30, repaying over $5 billion worth of digital assets…
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A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity. The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (BTC) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows. The position currently shows an unrealized profit of more than…
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Apple, the world’s fourth-largest company by market capitalization, should buy Bitcoin to address the poor performance of its stock buyback program, according to Strategy executive chairman, Michael Saylor. “Apple should buy Bitcoin,” Saylor said in a June 10 X post. Saylor’s comment responded to Jim Cramer’s criticism of the Apple buyback program. “The Apple buyback…
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