Saylor Doubles Down: Strategy Plans to Accumulate Bitcoin Indefinitely Despite $5B Drawdown

Michael Saylor says Strategy will keep buying Bitcoin each quarter, even as its BTC bet sits ~$5.1B underwater. The firm leans on cash reserves and refinancing options to avoid selling.

Bitcoin’s Next Move: Squeeze to $84K or Slow Drift to $55K?

Bitcoin sits near $68.5K after a 45% drawdown. Prediction markets now see a 44% chance of a rally to $84K. The catch: on-chain stablecoin liquidity may dictate the path.

South Korea probes Bithumb after $43B fat‑finger transfer exposes control gaps

South Korean regulators opened a probe after Bithumb mistakenly sent 620,000 BTC (~$43B), spotlighting fragile exchange controls and the need for stronger fail‑safes.

Bitcoin’s Slide Is Slowing as Whales Buy the Dip—But Without Institutions, It’s Just Stabilization

On-chain shows seller fatigue: whales bought 54,458 BTC and Spot CVD sits near -$327M. Why this looks like base-building—not a trend reversal—unless institutions re-engage.

The Daily: Bernstein reaffirms $150K price target citing ‘weakest bitcoin bear case in history,’ Strategy buys another 1,142 BTC, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. ]]>

Strategy Buys 1,142 BTC With New Equity as $49.6B Treasury Falls Below Cost

Strategy (formerly MicroStrategy) spent $90M to add 1,142 BTC as Bitcoin slid 23% in a month. Its 714,644 BTC—3.4% of supply—now sits at a ~$4.8B unrealized loss.

Cango Offloads $305M in Bitcoin, Retires BTC-Backed Debt to Power AI Pivot

Bitcoin miner Cango sold 4,451 BTC for $305M, paid down BTC-collateralized debt, and hired an ex‑Zoom CTO to drive an AI compute push—while keeping its mining business online.

Bithumb’s $43B Bitcoin Ledger Glitch Triggers FSS Probe, Payouts, and Fee Holiday

South Korea’s FSS probes Bithumb after a $43B internal Bitcoin credit error. Price on the venue hit $55K; 99.7% recovered. Users get payouts and zero fees for a week.

Bitcoin Fund Outflows Slow to $264M as XRP, ETH, SOL See Inflows; Record ETP Volumes Hint at Fragile Rebound

Bitcoin product outflows cooled to $264M from $1.7B while XRP, Ethereum, and Solana turned positive. Record $63.1B ETP volumes and thin spot liquidity flag a delicate bounce.

Saylor’s Strategy Adds 1,142 BTC for $90M as $49B Bitcoin Treasury Stays Underwater

Michael Saylor’s Strategy bought 1,142 BTC for $90M. Its Bitcoin hoard now tops 3.4% of the 21M cap—worth about $49B—yet the aggregate treasury value remains below cost.