Michael Saylor’s Strategy missed Bitcoin’s brief drop to $60,000 last week, purchasing $90 million worth of BTC at an average price near $78,800. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another tranche of BTC last week, expanding its holdings without pushing its overall cost basis lower. Strategy acquired 1,142 Bitcoin (BTC) for $90 million last week, according to a US Securities and Exchange Commission filing on Monday. The acquisitions were made at an average price of $78,815 per BTC despite Bitcoin trading below that level for most of the week and briefly touching $60,000 on Coinbase last Thursday. Read more
Digital Asset cofounder and CEO Yuval Rooz said the latest crypto sell‑off is repricing “empty shell” token models and pushing institutions to chains with value, privacy and predictability. The cryptocurrency market sell‑off is forcing a reckoning in the industry to reward blockchains with real business models, where value flows to token holders and users rather than intermediaries or speculative order flow, according to Yuval Rooz. Rooz is the co-founder and CEO of Digital Asset, creator of the institutional‑grade, privacy‑enabled Canton Network. In an exclusive interview, he told Cointelegraph that he’s not worried about the state of the crypto market, and the turbulence hasn’t scared off his core customer base. He pointed to Canton Network and derivatives exchange Hyperliquid as examples of what investors are gravitating toward. Read more