Bitcoin | Crypto

The Senator’s comments addressed the tensions between the US and China, citing US generals based in Southeast Asia. US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national Bitcoin reserve to address threats from economic wars. During a Bloomberg interview on June 3, Lummis said that some US generals, especially those based in Southeast Asia, support the idea of storing BTC as part of a strategic geopolitical move. “All we need to do is look to the leadership of the current US military to find support for a strategic Bitcoin reserve,” Lummis said, adding that: Read more

The miner's May output shows resilience but still lags behind competitors MARA and Riot Platforms. CleanSpark’s Bitcoin mining production rose more than 9% in May, bringing its treasury to 12,502 BTC, double the amount it held at the same time last year. According to its monthly report, the company mined 9.4% more Bitcoin (BTC) in May, producing 694 coins compared to 633 in April. CleanSpark also achieved a 45.6 exahash rate, up from 42.4 in April, and expanded its contracted power capacity to 987 MW. “May was a strong execution month for CleanSpark,” Zach Bradford, CEO and president, said. “We increased our month-end hashrate to 45.6 EH/s, up 7.5% sequentially, while improving average fleet efficiency.” Read more

Norwegian Block Exchange (NBX) became the first publicly listed company in Norway to adopt a Bitcoin (BTC) treasury strategy, according to a press release. The firm announced the acquisition of 6 Bitcoin with plans to increase holdings to 10 BTC by the end of June. The move sent NBX shares soaring more than 138% following […] The post NGX becomes first public Norwegian firm to adopt the Bitcoin standard, stock surges 138% appeared first on CryptoSlate.

A growing number of public companies are buying Bitcoin (BTC) for their balance sheets, but many could be exposed to significant losses if prices drop, according to a new Standard Chartered report shared with CryptoSlate. The bank’s research, authored by head of digital assets research Geoffrey Kendrick, highlighted that 61 companies now hold Bitcoin in […] The post StanChart warns of potential liquidation risks for corporations adopting Bitcoin at high prices appeared first on CryptoSlate.

Changpeng Zhao, founder and former CEO of Binance, has urged companies adopting Bitcoin as a treasury asset to fully understand the risks involved with the top crypto. In a June 3 post on X, Zhao acknowledged that risk is an unavoidable part of doing business, but emphasized the importance of assessing and managing it properly. According […] The post Binance founder CZ warns of Bitcoin treasury risks amid growing adoption appeared first on CryptoSlate.

BTC price action is already hunting liquidity immediately above price as support thickens, but market analysis doubts that new highs will come this week. Key points: Bitcoin seeks to take liquidity around $106,000 as traders hope for a sustained price recovery. Significant support is in place down to $97,000, boosting the odds of price holding. Read more

Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations. Bitcoin mining company Cango produced nearly $100.5 million worth of Bitcoin in the two months following its full pivot to crypto mining, the company announced on June 3. Cango mined 954.5 Bitcoin (BTC) after going all-in on mining. Of the total haul, 470 BTC were mined in April and 484.5 BTC in May. This follows Cango agreeing to sell its legacy China operations to an entity associated with Bitmain in a bid to focus solely on Bitcoin mining in early April. Read more

Saylor and Bailey are changing Bitcoin’s role in finance, driving corporate adoption and long-term treasury strategies. What started in 2020 as a bold move to put some spare cash into Bitcoin has, five years later, turned MicroStrategy (now rebranded as Strategy) into one of the largest holders of BTC on the planet.  As of late May 2025, the company holds 580,250 Bitcoin (BTC) (about 2.7% of the total supply). Just in May, Strategy picked up another 4,020 BTC for around $427 million, funded the way Michael Saylor likes it: through more preferred stock. Read more

Samson Mow says that rapid nation state adoption and the race by corporations to acquire Bitcoin has not been priced in and $1M is inevitable. JAN3 founder and uber Bitcoin maxi Samson Mow finds it absurd the US government is yet to start accumulating Bitcoin for its strategic reserve after giving the rest of the world the blueprint. It would be incredibly ironic and unfortunate that the US, which took bold steps, and the Trump administration, which took bold steps to push this forward, gets front-run by other nation states that are inspired by their actions, the Chinese-Canadian Bitcoin entrepreneur tells Magazine. Its been three months since Trump signed the executive order, and Mow says the US has to start acquiring Bitcoin this year. The risk is that the US is front-run by Pakistan, and they were on stage at Las Vegas saying, ‘well, you inspired us to start,’ the 13-year Bitcoiner explains. Read more

With the latest mining production in May, Mara has increased its Bitcoin holdings to 49,179 BTC and has sold zero BTC, according to Chief Financial Officer Salman Khan. Mara Holdings, one of the largest publicly traded Bitcoin mining companies in the United States, significantly increased BTC production in May despite growing mining difficulty and rising hashrate. Mara produced 950 Bitcoin (BTC) in the month of May, recording a 35% increase month-over-month (MoM), the company reported in its unaudited BTC production update published June 3. The mining company also posted a record high 282 blocks earned last month, a 38% increase MoM. Read more

Tether and Bitfinex moved $3.9 billion in Bitcoin to Jack Mallers’ Twenty One Capital, now the third-largest corporate BTC holder after Strategy and MARA. Tether has moved a combined 37,229.69 Bitcoin, worth about $3.9 billion, to addresses linked to the new Bitcoin-native financial platform, Twenty One Capital, led by Strike CEO Jack Mallers. Tether CEO Paolo Ardoino posted two transfers totaling 11,417 BTC ($1.2 billion) according to a June 3 X post. In one transaction, the stablecoin issuer transferred 10,500 Bitcoin (BTC) (about $1.1 billion) to an address linked to SoftBank’s investment option in Twenty One. The executive said it was part of the pre-funding of SoftBank’s investment in the Bitcoin platform. Read more

Bitcoin hovers around $105,000, but bulls struggle with upside momentum as $100,000 comes into the picture. Key takeaways: Bitcoin price consolidates around $105,000 as liquidity builds up on either side of the spot price. After failing to flip $106,000, BTC/USD is retracing to establish support, but $100,000 is a key level of interest for Bitcoin traders. Read more

Wynn has asked the crypto community for donations to help him fight the “market-making cabal” that he says is hunting for his liquidation. Multimillionaire cryptocurrency trader James Wynn has opened a second leveraged Bitcoin position for nearly $100 million, just days after being liquidated from a similar trade. According to blockchain data aggregator Hypurrscan, the position is set to be liquidated if Bitcoin (BTC) falls below $103,630 and is currently showing an unrealized loss of over $592,000. The trade comes less than a week after Wynn’s previous $100 million position was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000. Read more

After buying 32,000 BlackBerry patents, Malikie Innovations sued Bitcoin miners Marathon Digital and Core Scientific over alleged use of its intellectual property. Malikie Innovations, a firm that acquired tens of thousands of patents from BlackBerry in 2023, has sued major Bitcoin mining firms Marathon Digital and Core Scientific for using the Elliptic Curve Cryptography (ECC) employed by the Bitcoin blockchain, which it claims to own. The cases against Marathon Digital Holdings and Core Scientific follow Malikie Innovations’ acquisition of 32,000 “non-core” patents from the communications company and former phone maker, BlackBerry, in 2023. “This case centers on ground-breaking innovations in elliptic curve cryptography […] that years later were recognized and selected by the designers of Bitcoin,” the filings state. Read more

Texas Representative Brandon Gill faces scrutiny after filing late disclosures for $500,000 in Bitcoin trades, as questions over timing and STOCK Act violations arise. Texas Republican Representative Brandon Gill is facing scrutiny after filing late disclosures for up to $500,000 in Bitcoin purchases, potentially violating federal law. Gill, a first-term House member known for his bill proposing President Donald Trump’s face on the $100 bill, has reported two Bitcoin (BTC) purchases, each valued between $100,001 and $250,000, made on Jan. 29 and Feb. 27. Both trades were disclosed weeks past the 45-day deadline required by the Stop Trading on Congressional Knowledge (STOCK) Act, a law aimed at curbing insider trading and financial conflicts among lawmakers, as first reported by OpenSecrets. Read more

Paris-based Blockchain Group acquired $68 million in Bitcoin, bringing its total holdings to 1,471 BTC amid rising institutional interest in crypto treasury strategies. Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets. The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million). The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X post.  Read more

Bitcoin (BTC) dropped nearly 8% from its May 22 all-time high, near $112,000, ending a 50% climb over 45 days that began on April 7, when BTC reached its yearly low at $74,441.20. According to the June 2 “Bitfinex Alpha” report, a Court of Appeal decision reinstating disputed US import tariffs pushed 30-year Treasury yields […] The post Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence appeared first on CryptoSlate.

Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem. The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar […] The post Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto appeared first on CryptoSlate.

Strategy revealed on June 2 that it will offer 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, branded “STRD,” to acquire more Bitcoin (BTC).  The STRD security carries a $100 initial liquidation preference and pays non-cumulative cash dividends at 10% a year when Strategy’s board declares them.  Strategy intends to use […] The post Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings appeared first on CryptoSlate.

Tether and Bitfinex transferred 21,000 Bitcoins (BTC) to designated wallets on June 2, completing their agreed contributions to Twenty One Capital. Tether CEO Paolo Ardoino wrote that Bitfinex sent 7,000 BTC, while Tether Group moved 14,000 BTC.  Furthermore, Tether moved 4,812.22 BTC as prefunding for Twenty One’s convertible-equity raise. The holdings matched a May 13 […] The post Tether, Bitfinex complete Bitcoin funding leg for Twenty One Capital with $2B transfer appeared first on CryptoSlate.