Billionaire investor Mark Cuban has parted with most of his Bitcoin holdings, saying the asset failed to deliver on its core promise as a hedge against fiat currency weakness and geopolitical turmoil.

Cuban made the remarks during an interview with Front Office Sports, where he said Bitcoin “has lost the plot.” The Shark Tank personality and former Dallas Mavericks owner had long positioned Bitcoin as a superior alternative to gold, citing its fixed supply and decentralized structure. That conviction has eroded.

“I always thought it was a better version of gold than gold,” Cuban said. “But gold just blew up and went to $5,000. Bitcoin dropped.”

The billionaire pointed to…

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Rep. Nick Begich, R-Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, unveiling the American Reserve Modernization Act (ARMA) — a bill designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation in statute.

The measure, which has garnered bipartisan support and more than a dozen co-sponsors in Congress, would task the Treasury Department with overseeing the reserve while creating a separate digital asset stockpile for federally held cryptocurrencies other than bitcoin. Begich drew a direct comparison between bitcoin and gold, arguing the market has already determined both…

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AUSTIN, Texas – May 20th, 2026 – In celebration of Bitcoin Pizza Day on May 22, Unchained, a Bitcoin financial services company founded in 2016 by Joe Kelly and Dhruv Bansal, and Bitcoin Park are hosting special screenings of “The New Rules of Bitcoin,” a short film produced in partnership with The Atlantic’s brand studio Atlantic Re:Think, in ten major US cities. The film highlights three core ideas: Bitcoin is not what you think, Bitcoin is long term thinking, and Bitcoin is true ownership. These ideas lay the groundwork for Bitcoin’s distinction from other cryptocurrencies, with its unique blend of long-term wealth preservation and direct, collaborative custody.

On May…

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Blockchain.com Group Holdings Inc., one of the oldest companies in the crypto industry, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering, the Dallas-based firm announced Thursday.

The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO remains subject to market conditions and the completion of the SEC’s review process. They expect to go public before the end of 2026.

Founded in 2011 by three members of the original Bitcoin online forum BitcoinTalk.org, Blockchain.com is among the earliest institutions built around…

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Recently Strategy made headlines by saying that it might sell some bitcoin to meet business objectives. This came as a surprise to many people because of what was previously regarded as a hard-lined stance to never sell. Saylor even (jokingly) tweeted stuff like “Sell a kidney if you must, but keep the bitcoin.”

The reality is that bitcoin sales were always on the table for any bitcoin treasury company. The quip of “never sell” is an articulation of a long-term investment philosophy founded upon the extreme low time preference that is common in bitcoin discourse. But even within this discourse, there are frequently cases where almost everyone agrees it makes sense to sell,…

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SpaceX filed its long-awaited S-1 with the Securities and Exchange Commission Wednesday — and it is bringing a substantial Bitcoin position into the public markets.

The Elon Musk-led aerospace company holds 18,712 BTC, valued at approximately $1.45 billion, according to the S-1. The coins were purchased at a cost basis of $661 million, or roughly $35,000 per coin — a price Bitcoin last touched in late 2023. 

That stake makes SpaceX the seventh-largest known corporate Bitcoin holder in the world, ahead of Coinbase.

SpaceX is targeting a Nasdaq listing under the ticker SPCX . The company has been valued in private markets at $1.75 trillion, a figure that would place it above Tesla…

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Foundation has raised $6.4 million in a funding round led by Fulgur Ventures as it launches Passport Prime, a new hardware device designed to secure digital actions in an era of AI-driven automation.

The Boston-based company said the round included participation from Arche Capital and brings its total funding to $16.5 million, according to a note shared with Bitcoin Magazine. 

The capital will support expansion beyond Bitcoin self-custody into identity management, multi-factor authentication, and authorization systems for AI agents.

Passport Prime, which began shipping to pre-order customers in March 2026, is now available for general purchase. Foundation describes the product as the…

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Senator Dave McCormick (R-PA) recently stated live on Fox Business that the Digital Asset Market CLARITY Act is on a path to being signed into law this summer.

The Senate Banking Committee advanced the bill on May 14, 2026, in a bipartisan 15-9 vote. It provides a regulatory framework splitting oversight between the CFTC for digital commodities and the SEC for securities-like tokens, including consumer protections and stablecoin provisions.

The legislation, which passed the House previously, now heads toward a full Senate vote, potential reconciliation, and the President’s desk. McCormick highlighted its importance for U.S. innovation and keeping the industry domestic.