Capital B boosts Bitcoin reserves with $15.2M purchase
Capital B, France's second-largest Bitcoin treasury firm, purchased 192 BTC ($15.2 million) at $78,948 per coin, boosting holdings to 3,135 BTC. The acquisition follows a $17.8 million funding round from strategic investors including Blockstream CEO Adam Back. Only four treasury companies publicly disclosed Bitcoin purchases in May, reflecting cautious corporate sentiment as BTC trades below October 2025 peaks.
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Strategy (MSTR) Spends A Massive $2 Billion on More Bitcoin, Lifts Holdings to 843,738 BTC
Strategy (MSTR) acquired 24,869 bitcoin for $2.01 billion, raising total holdings to 843,738 BTC—the world's largest corporate treasury. The purchase, at ~$80,985 per coin, signals continued aggressive accumulation despite earlier speculation about slower buying. Strategy's $67 billion bitcoin position now represents one of history's most concentrated corporate balance sheets, funded via preferred stock and equity offerings.
Iran Pushes $10B Bitcoin Insurance Plan for Strait of Hormuz: Report
Iran proposed a $10 billion Bitcoin insurance mechanism for the Strait of Hormuz, positioning crypto as geopolitical risk coverage. The plan addresses shipping vulnerabilities in the critical waterway amid regional tensions. Bitcoin fell 1.58% to $76,946 as markets digested the proposal. The move signals potential institutional adoption of crypto for large-scale risk management, though regulatory clarity remains uncertain for Indian investors monitoring macro developments.
Bitcoin Depot (BTM) Stock Falls 80% As Company Files for Chapter 11 Bankruptcy
Bitcoin Depot (BTM), North America's largest Bitcoin ATM operator, filed Chapter 11 bankruptcy Monday after its stock plummeted 80%. Tightening state regulations, including bans in Indiana and Tennessee, combined with mounting fraud litigation and a 49% revenue decline in Q1 2026, crushed the company's business model. The 9,000-kiosk network went offline immediately as the company pursues asset liquidation.