Crypto exchange Coinbase Global (COIN) is set to make history by joining the prestigious S&P 500 index on May 19. Coinbase will replace Discover Financial Services (DFS) after its acquisition by Capital One Financial Corp. This marks a significant milestone for both Coinbase and the cryptocurrency industry.

The S&P 500 includes the largest publicly traded companies in the US and serves as a key indicator of the stock market’s performance. Coinbase’s entry into the index is expected to drive up demand for its stock as index funds and exchange-traded funds that track the S\&P 500 will be required to purchase COIN shares.

Coinbase’s shares saw an immediate boost of 8.8% following the announcement closing at $225.4 in after-hours trading. With a market cap of $52.8 billion Coinbase’s inclusion in the S&P 500 reflects the growing acceptance of crypto as a major player in the financial market. Coinbase CFO Alesia Haas called the move a reflection of how far the crypto industry has come.

Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.

This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.

“Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase posted on their X… Read more on BitcoinMagazine

Exodus Movement, Inc. (NYSE American: EXOD), a leading self-custodial Bitcoin and cryptocurrency platform, has announced unaudited financial results for Q1 2025, showcasing record-setting revenue and a notable increase in digital asset holdings. 

In its strongest first quarter yet, Exodus reported $36.0 million in revenue, up 24% from $29.1 million in Q1 2024. The company attributed the growth to continued product innovation and demand for self-custody solutions. “Exodus continues to offer innovative solutions that capitalize on the growing market for digital assets,” said JP Richardson, CEO and co-founder. “Meanwhile, our focus on self-custody remains a difference-maker.” 

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The Blockchain Group (ALTBG), a Premiere Member of Bitcoin For Corporations and Europe’s first publicly traded Bitcoin Treasury Company, has completed two major capital raises totaling over €22 million in just 48 hours—a bold signal of institutional conviction in its Bitcoin-native strategy.

These moves are not just capital raises—they’re a blueprint for how public companies can re-architect their balance sheets around Bitcoin, while attracting world-class partners along the way.

Part One: €9.9M Equity Raise Anchored by Major Institutions

On May 9, The Blockchain Group announced a €9.9 million capital increase, pricing shares at €1.0932, a 61.7% premium over…

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Strategy has significantly expanded its Bitcoin position with the purchase of 13,390 BTC for approximately $1.34 billion at an average price of $99,856 per coin. The company announced the acquisition on X, revealing that the purchase took place between May 4 and May 11, marking one of its largest weekly BTC buys to date.

As of May 11, 2025, the company now holds a total of 568,840 BTC, purchased at a combined cost of approximately $39.41 billion, with an average cost basis of $69,287 per coin. The increase of 13,390 BTC in just one week reflects Strategy’s continued high-conviction approach to Bitcoin as a core treasury asset.

Strategy has acquired 13,390 BTC for ~$1.34 billion at…

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Humans like to make analogies to understand new things better. It makes complete sense why we would look for one in the case of Bitcoin. 

Bitcoin is a novel concept to most people hearing about it for the first time, and can require great effort to grasp fully. Using the phrase “digital gold” to describe Bitcoin is incredibly palatable, and even if you don’t understand the functionality of the network, you can know certain things to be true: Bitcoin is scarce, global, and a store of value.

This narrative has worked well, ushering in institutional and nation-state adoption. The first section of President Donald Trump’s executive order establishing the Strategic Bitcoin…

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Bitcoin mining firm Gryphon Digital Mining has announced a definitive agreement to merge with American Bitcoin Corp. in a stock-for-stock transaction, forming a new public company under the American Bitcoin name. The deal is expected to close by Q3 2025 and will result in Gryphon shareholders holding approximately 2% of the merged entity, with the remaining 98% owned by American Bitcoin stakeholders.

The combined company said it aims to become the most efficient Bitcoin mining firm in the world, bolstered by a strategic reserve strategy and low-cost energy infrastructure. Following the close, the new company is expected to trade on Nasdaq under the ticker symbol… Read more on BitcoinMagazine