Strategy kicks off the week with $110 million bitcoin buy

Two new companies also entered the bitcoin buying trend.

6/9/25 9:45AM

This morning, Strategy cofounder Michael Saylor posted that the company acquired 1,045 bitcoin for $110.2 million and now holds 582,000 bitcoin. Strategy was up 1.5% in early trading.

Meanwhile, bitcoin saw a rebound over the weekend, trading in the $107,500 range this morning. The corporate bitcoin buying spree also added two newcomers to the fray.

French company The Blockchain Group announced it was raising €300 million ($342.2 million) via an at-the-market program to buy more bitcoin. The company holds 1,471 bitcoin.

The program “is largely inspired by the U.S. practice of at-the-market programs,” the company said in a press release, adding that the goal is to “accelerate its bitcoin treasury strategy.” ATMs have been one approach Strategy has used accumulate bitcoin.

SilverBox Corp IV, a publicly listed SPAC, announced it has entered into a nonbinding letter of intent with Parataxis Holdings to “bring bitcoin-native capital platform to public markets,” according to a press release.

Sage D. Young

19h

DeFi players scramble to plug bad debt from KelpDAO exploit

Industry heavyweights such as Lido, EtherFi, and Mantle have proposed substantial amounts of ethereum to backstop Aave, the largest lending protocol.

Yaël Bizouati-Kennedy

23h

Bitcoin ETFs take in more than $2 billion in 8 days

The path to $80,000 is clear in the short term, according to one analyst.

Yaël Bizouati-Kennedy

dead-cat bounce?

4/23/26

Bitcoin faces $80,000 resistance level

“Out of the woods short-term? No. Bitcoin crossing $78K is a bounce, not a bottom,” according to Zaid Khan.

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Sage D. Young4/22/26

Justin Sun sues Trump-backed World Liberty over frozen tokens

Crypto billionaire Justin Sun, owner of the world’s most expensive banana, was named an adviser to World Liberty Financial the day after investing $30 million in the project. (He’d later boost that with $45 million more.) Sun has long been a supporter of President Trump, and has not once, but twice topped a competition to amass the most $TRUMP coins. But it seems even for Sun, the gold has turned brass.

Sun announced on social media that he’s filed a lawsuit in a California federal court against the crypto project backed by Trump.

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.