FBI Director Patel Omitted Strategy (MSTR) Stake

FBI Director Kash Patel disclosed a six-figure investment in Strategy (MSTR), the world’s largest corporate holder of Bitcoin, more than six months past the deadline set by federal ethics law, according to a report from NOTUS. The lapse has reopened a fight over stock trading by senior government officials and raised questions about a potential conflict of interest.

Patel purchased between $100,001 and $250,000 in shares of Strategy on November 21, 2025. He did not report the trade to federal regulators until May 26, 2026, a gap of more than 180 days. The Stop Trading on Congressional Knowledge (STOCK) Act requires senior executive-branch officials to disclose individual stock…

Read more on BitcoinMagazine

Metaplanet Adds 2,823 Bitcoin, Reaches 43,000 BTC And Becomes World’s Third-Largest Corporate Treasury

Metaplanet crossed the 43,000 BTC threshold on July 2, a milestone that places the Tokyo-listed firm as the world’s third-largest corporate Bitcoin holder. The company now trails Strategy and Twenty One Capital across the global corporate ranking, and its climb underscores Japan’s role in the corporate Bitcoin accumulation race.

Metaplanet acquired an additional 2,823 BTC during the second quarter of 2026, a purchase worth about $170.7 million. The buy brought total holdings to 43,000 BTC, valued near $2.6 billion. Shares of the company (ticker 3350) closed 3.5% higher at 207 yen ($1.28) on Thursday following the announcement.

The average acquisition price for the quarter…

Read more on BitcoinMagazine

The Future Is Now, Words Of Wisdom From Jeff Booth

SPOILER ALERT: Jeff Booth does not know what the world will look like in 2036.

I know, I know… You probably wanted to hear from Jeff — author of The Price of Tomorrow and someone with incredible foresight and vision — that all eight billion of us would be living in the type of abundance he often talks about on podcasts.

You likely wanted to read that Jeff foresees Bitcoin replacing fiat by 2036 and that we’ll all be able to just kick back and relax as we enjoy living in a deflationary system by then.

I, too, was slightly disappointed when he didn’t paint a picture of a Bitcoin-fueled utopia that will exist a decade from now.

That said, in true Jeff Booth fashion,…

Read more on BitcoinMagazine

Bitcoin Price Reclaims $60,000 As Strategy (MSTR) And Strive (ASST) Jump More Than 10%

Bitcoin price climbed above $60,000 on Wednesday, a level the asset had ceded during the last couple weeks of turbulence, after Federal Reserve Chair Kevin Warsh told a central bank forum that the threat of persistent inflation had moderated.

The cryptocurrency traded near $60,171 this afternoon, a gain of about 2.7% on the day, with a 24-hour high of $60,474 and a low of $57,718. Trading volume for the session reached $26.68 billion.

Warsh, in remarks at the European Central Bank forum in Sintra, Portugal, said inflation expectations in surveys and bond prices had eased. He paired the observation with a warning that price growth remains too elevated and that the Fed will not…

Read more on BitcoinMagazine

Why The Open-Source Fight Looks Like Crypto Back In 2014

A new installment of Chain of Thought, the Brownstone Research newsletter written by Ben Lilly, argues that the battle over open-source artificial intelligence is following the same path Bitcoin walked a decade ago, and that investors who recognize the pattern stand to profit.

The note opens with testimony that Anthropic CEO Dario Amodei gave to Congress in July 2023. Amodei acknowledged that open source is “a good thing” in most scientific fields and that the risks of open models released so far were “relatively limited,” but he warned that the scaling of open-source models was heading “down a very dangerous path.” 

Lilly reads the subtext plainly: if open models…

Read more on BitcoinMagazine

Trump’s Quantum Push Pressures Bitcoin Security: Moody’s

A pair of executive orders signed by President Trump on June 22 has pushed the quantum computing question from the research lab into the boardrooms of crypto exchanges, custodians and stablecoin issuers. 

In a June 24 sector comment, Moody’s Ratings warned that the credit implications for digital assets are significant, and that the industry now faces pressure to prove it can defend the cryptography at its foundation.

The orders make quantum computing and its security a strategic national priority. One directs the development of a quantum computer “powerful enough to initiate the era of quantum-enabled scientific discovery,” with system specifications due within 90…

Read more on BitcoinMagazine

Preferred Stock Is Becoming Bitcoin Treasury Firms’ Financing Tool Of Choice: Report

A new class of Wall Street securities has grown from an experiment into a multibillion-dollar market in under two years, and a June 2026 research report from BitcoinTreasuries.net argues the expansion has just begun.

The report, produced in partnership with the DeFi protocol Apyx, tracks the rise of preferred shares issued by public companies and backed by their bitcoin holdings. Such shares now carry a combined market value of about $13 billion. That figure represents close to 1% of the $1.3 trillion global preferred market, a share the report’s authors expect to reach 3 to 5% by 2030 and as much as 10%, or $130 billion, beyond that horizon.

The instrument sits at the center…

Read more on BitcoinMagazine

Standard Chartered And LMAX Group Execute First Live Digital Asset Prime Brokerage Trades

Standard Chartered has executed its first digital asset prime brokerage trades with LMAX Group, a milestone in the build-out of institutional market infrastructure for crypto. 

With this move, the bank became one of the first Global Systemically Important Banks (G-SIBs) to test a prime brokerage model for digital assets inside established risk, compliance and market frameworks.

The pilot covered spot Bitcoin (XBT/USD) with T+1 settlement through Standard Chartered’s UK branch. These were the bank’s first digital asset credit intermediation trades under a prime brokerage structure. 

The transactions ran on LMAX Digital, LMAX Group’s regulated institutional venue, with…

Read more on BitcoinMagazine

Citi Slashes Its 12-Month Bitcoin Target To $82,000

Citigroup took a red pen to its crypto forecasts on Tuesday, cutting its 12-month price targets for bitcoin after the ETF flows that carried the market higher went into reverse.

The bank now sees bitcoin at $82,000 a year out, down from $112,000. It’s the second time Citi has trimmed those numbers in 2026. An earlier round of cuts had already pulled bitcoin down from $143,000. 

What changed most is how Citi thinks about Bitcoin ETFs. The bank had been penciling in $10 billion of net inflows over the coming year. It now expects zero. 

That is a big swing, and it reflects what has happened in the funds themselves: BTC ETFs have shed roughly $3.3 billion in 2026, and June…

Read more on BitcoinMagazine

Trump-Backed American Bitcoin (ABTC) Sets Reverse Split For July 2

American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform focused on the buildout of America’s Bitcoin infrastructure backbone, has set the effective time of its 1-for-15 reverse stock split for 5:00 p.m. on July 2, 2026. 

The board fixed the ratio after shareholders granted their approval at the company’s 2026 annual meeting on June 22.

The common stock will begin trade on a reverse split-adjusted basis on The Nasdaq Capital Market under the same symbol, ABTC, at the market open on July 6.

What this means is that every 15 issued and outstanding shares of Class A common stock will reclassify into one share of Class A common stock, and every 15 issued and…

Read more on BitcoinMagazine