Strategy Buys $2 Billion in Bitcoin, Bitcoin Goes Lower
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◎ Multiple-sources
Strategy purchased 24,869 BTC between May 11 and May 17 for approximately $2.01 billion at an average price of $80,985 per coin, funded almost entirely by $1.949 billion in STRC preferred stock issuances plus $83.7 million in MSTR common shares.
Key facts
Strategy purchased 24,869 BTC between May 11 and May 17 for approximately $2.01 billion at an average price of $80,985 per coin, funded almost entirely by $1.949 billion in STRC preferred stock
Nine Polymarket Accounts Won $2.4 Million on Iran, With a 98% Win Rate
IBIT, FBTC, and GBTC all posted outflows as US 30-year Treasury yields crossed 5% and CME FedWatch began pricing 44% odds of a rate hike at a 2026 FOMC meeting
A cluster of nine interlinked Polymarket accounts netted $2.4 million betting almost exclusively on US military actions in Iran, according to a Bubblemaps investigation first shared with 60 Minutes
Summary
Morning Minute is a daily newsletter written by Tyler Warner. Crypto majors are flat, led by HYPE; BTC at $76.8k. HYPE +5% as the SEC will allow 3rd party platforms to tokenize stocks. Echo Protocol exploited on Monad, regained control over keys overnight. The SEC is leaning toward allowing third-party platforms to tokenize stocks without requiring issuer consent, Bloomberg Law reported Monday.