Michael Saylor’s Strategy bought 24,869 Bitcoin for $2.01 billion last week, lifting holdings to 843,738 BTC as STRC sales funded around 97% of the acquisition. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission. Read more
Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions, as big banks move to own core digital asset custody in-house. Standard Chartered has announced that its offer to acquire the business of Zodia Custody has been accepted by shareholders. The deal, announced Monday, will consolidate Standard Chartered’s digital asset custody operations while separating a standalone infrastructure platform for institutional clients. Zodia Solutions will be established as an independent entity under SC Ventures, backed by several banking investors, including existing Zodia Custody shareholders, and will provide “bank-grade infrastructure” to financial institutions, including Standard Chartered, as they expand digital asset services. Read more