crypto

Yaël Bizouati-Kennedy4/14/25

Strategy resumes bitcoin acquisition, buying the dip

As usual, not long after CEO Michael Saylor hinted that Strategy would buy more bitcoin, it announced it acquired 3,459 bitcoin at roughly $82,618 for a total cost of $285.8 million. Bitcoin was up this morning, hovering just below $85,000. Shares of Strategy also rose in early trading.

The bitcoin holding company now has 531,644 bitcoin in its reserve, far more than any other corporation or even the US government. This is the first time the company has purchased the asset since March 31, as well as the first time since it said it would incur a $5.9 billion unrealized loss on its digital assets in the first quarter.

Strategy has never sold a single bitcoin since it starting accumulating it in August 2020. Saylor has been pretty vocal about the fact that none of the chaos caused by the tariffs’ ever-evolving situation is bothering him, even adding that “Bitcoin is powered by Chaos.”

Tariffs turmoil and extremely volatile markets also didn’t deter Metaplanet from buying bitcoin. The Japanese company, which is emulating Saylor’s strategy, bought 319 bitcoin. As of today, it now holds 4,525 bitcoin in its reserve.

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crypto

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.

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Blockchain billionaire Sun takes Trump family’s crypto firm to court

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.

Yaël Bizouati-Kennedy

Analyst: “We are now clearly in a bull market phase” as bitcoin hits highest level since February

So far this month, bitcoin is up nearly 15%, surpassing April’s historical average.

A member of idol group Kasotsuka Shojo (Virtual Currency Girls) wearing a bitcoin mask

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