Strategy, the Virginia-based software firm turned Bitcoin treasury, has made its largest Bitcoin purchase since early May, acquiring 10,100 BTC amid a turbulent crypto market. This acquisition, valued at approximately
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the filing of Truth Social’s Bitcoin ETF, marking a significant regulatory milestone for the crypto investment landscape. This ETF aims
On June 16, Singapore-based agricultural commodities company, Davis Commodities Limited, has just revealed a $30 million strategic initiative…
Bitcoin’s on-chain data reveals a notable surge in permanent holder demand, signaling a potential shift in market dynamics and investor confidence. This increase in long-term accumulation reflects a strategic reduction
The public company made its largest Bitcoin buy since early May, scooping up 10,100 Bitcoin.
As the old adage goes: If a market does not fall too much on bad news, it indicates big players are probably going long. The saying holds true for Bitcoin treasury company Strategy, which on Monday announced it had expanded its holdings with a new 10,100 BTC buy amid escalating geopolitical tensions in the Middle East. The price of Bitcoin, meanwhile, climbed above the $107,000 level on Monday following a volatile weekend. Strategy Boosts Bitcoin Bet With Additional 10,100 BTC Purchase Strategy — formerly MicroStrategy — said it bought 10,100 BTC last week for approximately $1.05 billion at an average price of $104,080 per digital coin, with Bitcoin slumping from $110,000 last Monday to $103,639 lows on June 12 after news that Israel had bombed Iran rattled the markets. According to CoinGecko data, the world’s largest cryptocurrency was trading at $107,938 as of press time, up 2.3% in the past 24 hours. The Tysons, Virginia-based software company is the largest corporate holder of the cryptocurrency, and now focuses on buying the asset — at its highs and lows — so that investors can get exposure to Bitcoin via its Nasdaq-listed shares. Strategy now holds a total of 592,100 BTC, worth over $63 billion. The total stash was purchased at an average price of $70,666 per BTC for a total cost of roughly $41.8 billion, including fees and expenses. That’s equal to around 2.8% of Bitcoin’s total 21 million supply. Please leave some for the rest of us. You bought our entire stack in 1 week — Simon Gerovich (@gerovich) June 16, 2025 The latest haul comes after the company completed its new 10% Series A Perpetual Stride Preferred Stock (STRD) issuance. Targeted at long-term investors seeking high-yield, fixed-income opportunities, the offering consisted of 11.76 million shares and generated approximately $979.7 million in net proceeds after fees and expenses. Growing Corporate Crypto Adoption Since Strategy added a Bitcoin treasury, other public and private companies are following its lead by scooping up BTC to give shareholders better value for money. Despite the recent crypto market meltdown, where Bitcoin plunged to around $103,600 in a span of three days due to geopolitical tensions, institutional appetite for the apex crypto doesn’t seem to be slowing down. Cantor-backed Twenty One, Trump Media, and video game retailer GameStop recently joined the likes of Semler Scientific and Metaplanet in mirroring Strategy’s Bitcoin acquisition model. Japanese investment firm Metaplanet also announced Monday it had snapped up an extra 1,112 BTC, boosting its total holdings above 10,000 BTC. Several other companies have branched out to build corporate treasuries using other cryptocurrencies, including Ether , XRP , and Solana .
Billionaire Justin Sun is reportedly gearing up to take Tron public following the end of US regulators’ investigation into him and the group. Citing “two people briefed on the matter,” Financial Times reports that Tron will go public via a reverse merger with SRM Entertainment, managed by New York-based boutique investment bank Dominari Securities – a firm that has ties to President Trump’s sons Donald Jr. and Eric. According to FT, Sun’s new venture will be called “Tron Inc.” and copy the treasury method of Michael Saylor’s firm Strategy, but instead of Bitcoin ( BTC ), will accumulate TRX, the native token of the Tron network. FT’s sources say that Eric Trump will hold a major role in the company, and that the deal will also involve a $210 million injection of crypto assets. In a separate press release, SRM Entertainment announced it was entering into a Securities Purchase Agreement (“SPA”) with an unnamed private investor for a $100,000,000 equity investment that will be used by SRM to initiate a TRON token treasury strategy. Sun was named as an advisor to the company. Shares of SRM Entertainment (SRM) skyrocketed as much as 647% early on Monday, and at time of writing, are currently up 453% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Justin Sun Triggers 647% Stock Rally As Billionaire Reportedly Gearing Up to Take Tron Public With IPO appeared first on The Daily Hodl .
The U.S. Department of Justice (DOJ) is charging a group of individuals who allegedly stole millions of dollars worth of checks from the Postal Service. In a new press release , the United States Attorney’s Office for the Southern District of New York says it is charging six people – Michael Edwards, Shakeemo Hill, William Hill, Alixandria Lauture, Shuron Malone and Carlos Mercado – in connection with a multi-million-dollar check and bank fraud crew that operated between January 2022 and July 2024. Authorities allege that they operated a sophisticated scheme that involved buying or obtaining keys to unlock Postal Service collection boxes in an effort to steal mail, bank cards and other bank account details. The group and their coconspirators would subsequently change the details of the checks by using digital means to alter the details and printing them on check stock or by using chemicals to remove the original ink. The group’s leader, Edwards, mostly planned out how to obtain the postal keys, while William Hill, Shakeemo Hill, and Mercado used the keys to steal mail from collection boxes. The other two members were involved in recruiting people they knew to supply them with private bank account details they could use. The group posted “millions of dollars” worth of checks for sale on a messaging application. They also deposited millions worth of fraudulent checks into accounts at national banks located on the East Coast, though no specific amounts were disclosed. As stated by US Attorney Jay Clayton, “As alleged, the six defendants charged today lined their pockets by stealing checks destined for hard working New Yorkers and others. Together with our partners at the Postal Inspection Service, we will fight to protect the integrity of the US mail system – a public service upon which millions of Americans rely every day to send items of financial, professional, and personal importance.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post DOJ Charges Six Individuals for Allegedly Stealing ‘Millions of Dollars’ Worth of Checks From the Mail appeared first on The Daily Hodl .
Bitcoin BTC miners are facing mounting pressure as the network’s hashrate and difficulty continue to climb, tightening margins even as bitcoin’s price holds steady, according to TheMinerMag’s monthly report . The network's mining difficulty hit a record 126.98 trillion, propelled by a 14-day average hashrate of 913.54 exahashes per second (EH/s). Transaction fees in June fell below 1% of block rewards, and hashprice dropped to $52 per PH/s before rebounding slightly. Escalating competition and energy costs are expected to drive production expenses above $70,000 per BTC, up from $64,000 in the first quarter of the year, the report said. To remain competitive, public miners like MARA Holdings (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), and IREN (IREN) are accelerating buildouts . MARA grew its hashrate by 30% in May, while HIVE (HIVE) added 32% after energizing a new facility in Paraguay. Cipher Mining (CIFR) is targeting a 70% boost by expanding its Texas operation. Top-tier ASICs now cost between $10 and $30 per terahash, the report said, with operational payback periods stretching as long as two years. That’s assuming a $0.06/kWh electricity rate — already out of reach for some. Terawulf, for instance, paid $0.081/kWh in the first quarter, pushing its fleet hashcost up by over 25%. Meanwhile, mining equities are decoupling from bitcoin’s price performance . IREN, Core Scientific (CORZ), and Bit Digital (BTBD) were all in the green over the last month, while Canaan (CAN) and Bitfarms (BITF) were both down double digits during the same time period. The shift suggests that investors are paying closer attention to business models rather than just Bitcoin’s price action.
Bitcoin’s weekend rally has brought price into a significant high-timeframe resistance zone, where the coming sessions will determine whether this region marks a local top, or a springboard to new all-time highs. With technical confluence building around the $108,900 level, the market is now at a pivotal decision point. Bitcoin ( BTC ) has shown strong momentum coming into the week following a weekend push higher. However, price is now trading in a zone that has historically acted as resistance, and the market’s reaction here will shape the near-term outlook. If this resistance is cleared with volume and conviction, a breakout to fresh all-time highs becomes increasingly likely. If price is rejected, a retracement toward liquidity-laden zones below may occur first. Key technical points Key Resistance at $108,900: This level aligns with the value area high, a prior swing high, the 0.618 Fibonacci retracement, and a major high-timeframe resistance. Support Cluster at Weekend Lows: The point of control, 0.618 Fibonacci, and value area low align near the weekend’s base, creating a strong zone of liquidity. High Likelihood of Liquidity Sweep: Bitcoin often targets weekend lows before major directional moves, especially when consolidating at resistance. BTCUSDT (4H) Chart, Source: TradingView Bitcoin is currently trading within a key resistance region defined by a cluster of confluence: the value area high, a macro swing high, the 0.618 Fibonacci retracement, and a high-timeframe horizontal level at $108,900. This zone has historically served as a barrier for bullish momentum, making it a valid region for short-term distribution or consolidation. What happens at this level will likely determine the next leg of price action. A candle close above $108,900, particularly on the 4H or daily chart, would signal strength and open the door for a breakout toward new all-time highs. On the other hand, a rejection at this level, especially on low volume, could trigger a sweep of weekend liquidity. You might also like: XAUUSD weekly forecast: fundamentals push gold higher, $3700 a possibility? The key support zone to monitor in that scenario lies around the point of control, which aligns with the weekend lows, the 0.618 retracement, and the value area low. Historically, Bitcoin tends to clear weekend lows before initiating major moves, aligning with the liquidity-driven behavior typical of the asset. What to expect in the coming price action Bitcoin is trading at a critical inflection point. A break above $108,900 with strong volume increases the probability of a new all-time high. A rejection, however, raises the likelihood of a liquidity sweep, with a potential retrace to support zones near $104,000. Watch this level closely, as this week’s trend may hinge on what unfolds here. Read more: Here’s why MAGIC price ripped 40% higher