Strategy missed Wall Street estimates on its top and bottom line for the first quarter of 2025, but reported it made a yield of 13.7% on its vast Bitcoin holdings. Update (May 1, 11:35 pm UTC): This article has been updated to add Strategy’s revenue, net loss and analyst estimates. Michael Saylor's Bitcoin-buying firm Strategy, formerly MicroStrategy, has reported earning a year-to-date yield of 13.7% on its Bitcoin holdings as it missed Wall Street's first-quarter estimates. The company said in its May 1 earnings statement that its year-to-date Bitcoin (BTC) yield equates to a gain of more than 61,000 BTC, worth approximately $5.8 billion. Bitcoin yield and gain are unofficial accounting metrics Strategy uses to benchmark the success of its BTC buys. Read more
Rep. Lance Gooden requested that the General Services Administration explore installing cryptocurrency ATMs, citing Donald Trump's crypto "vision." A Texas member of the US House of Representatives has proposed that government officials consider installing cryptocurrency ATMs in federal buildings across the country. In a May 1 letter to Stephen Ehikian, the acting administrator of the General Services Administration (GSA) — the entity responsible for managing the US government’s properties — Rep. Lance Gooden claimed that introducing crypto ATMs to federal buildings would serve as an “educational resource” and reflect advances in financial technology. He requested that the GSA begin exploring the necessary guidelines and regulations needed to install such ATMs in government-controlled properties across the US, citing alignment with President Donald Trump’s goals. Read more
Prime Minister Shehbaz Sharif on Thursday thanked China’s envoy for endorsing his offer to conduct a neutral probe into the Pahalgam attack, following India’s actions against Pakistan that have heightened the risks of a military confrontation between the two countries. The April 22 attack in occupied Kashmir’s Pahalgam killed 26 people, mostly tourists, marking one of the deadliest assaults in the region since 2000. India has implied cross-border links without evidence, while Pakistan’s civilian and military leadership have rejected the accusation and called for a neutral probe. Tensions have since spiked, with Pakistan reinforcing its forces and India’s premier granting “operational freedom” to his military. As Pakistan, in the early hours of Wednesday, said it expected an incursion from India within the next 24-36 hours, diplomatic channels from other countries have been engaged to prevent a possible military confrontation. Chinese Ambassador Jiang Zaidong called on Shehbaz at the PM House in Islamabad toda...