Strategy bought 1,031 Bitcoin for $76.6 million, lifting holdings to 762,099 BTC, as the company relied on common stock sales to fund the purchase. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin (BTC), bought another 1,031 Bitcoin last week in a much smaller purchase than its previous two weekly buys, funding the acquisition with sales of Class A common stock. Strategy acquired 1,031 Bitcoin for $76.6 million last week, according to an 8-K filing with the US Securities and Exchange Commission on Monday. The purchases were made at an average price of $74,326 per coin, below the company’s overall average acquisition price of $75,694. Bitcoin averaged around $70,871 for the week of March 16-22, based on daily closing prices. Read more
Airdrops trained extraction over loyalty. Token sales return with privacy-preserving identity to reward conviction and build real, automation-resistant communities. Opinion by: Nanak Nihal Khalsa, co-founder of Holonym Foundation For most of the last cycle, crypto teams convinced themselves that airdrops were community building. In practice, they became something else entirely: a large-scale training program that taught people how to extract value as efficiently as possible and leave. That outcome was not an accident. It was a predictable result of how token launches were designed between 2021 and 2024. Low float, high fully diluted valuations and points programs that rewarded activity over intent and eligibility rules that could be reverse-engineered by anyone with enough time and scripts. We built systems where the rational behavior was to spin up wallets, simulate engagement and sell at the first opportunity. Read more