Kraken has announced the launch of Kraken Prime a new prime brokerage service aimed at institutional cryptocurrency traders. The service offers deep liquidity best execution and around-the-clock support to meet the high demands of professional trading firms. This move signals a major step forward in bridging the gap between traditional finance and the crypto market.

Kraken Prime connects clients to liquidity covering over 90 percent of the digital asset market across more than 20 global trading venues. Trades can be executed directly from custody held by Kraken Financial a US state-chartered bank. The platform also includes smart order routing T plus one credit facilities and asset-backed lending to provide a full suite of institutional services.

Kraken co-CEO David Ripley said the goal is to deliver execution quality and service depth that exceed traditional finance standards. He emphasized that Kraken Prime is built for reliability and consistency which are crucial during market volatility. Kraken aims to raise the bar for institutional crypto access.

Yesterday, SEC Commissioner Hester Peirce sat down for a fireside chat with NYDIG founder Ross Stevens at New York City’s Bitcoin-themed bar PubKey.

The two traversed a number of topics during their discussion, including why it’s important that the world has a permissionless network and asset like Bitcoin as well as why transactional privacy should be a right for U.S. citizens.

Peirce didn’t mince words during the discussion, yet she also spoke with nuance and thoughtfulness as she responded to questions from not only Stevens but from members of the audience during a Q&A session, as well.

On Permissionlessness

Toward the onset of the talk, Peirce highlighted the fact…

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French tech firm completes acquisition of 624 BTC through €60.2 million capital raise and bond issuance. The company reports 1,097.6% BTC Yield year-to-date as European corporations to accelerate Bitcoin treasury adoption.

The Blockchain Group, Europe’s first Bitcoin Treasury Company, has acquired 624 Bitcoin for approximately €60.2 million ($69 million), marking a significant expansion of its Bitcoin holdings through a combination of equity sales and convertible bonds.

According to a press release issued June 3, the Euronext Growth Paris-listed company completed the purchase in two tranches: 80 BTC acquired for €7.7 million through a capital increase, and 544 BTC…

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Paris-based Blockchain Group has purchased 624 Bitcoin worth $68.7 million adding to its growing crypto reserves. This move pushes the company’s total holdings to 1,471 BTC valued at over $154 million. Blockchain Group now claims the title of Europe’s first Bitcoin treasury firm highlighting a 1,097.6% year-to-date yield.

Institutional interest in Bitcoin continues to grow across Europe following the US approval of spot Bitcoin ETFs earlier this year. Interest surged further after President Trump’s executive order in March calling for a national Bitcoin reserve using crypto seized in criminal cases. Major European firms like BNP Paribas, 21Shares, VanEck and Bitpanda have shown similar interest along with the Czech National Bank exploring Bitcoin as a reserve asset.

Bitcoin recently hit an all-time high of $112,000 and is expected to consolidate between $103,000 and $108,000 according to Bitget analyst Ryan Lee. Onchain data reveals continued whale accumulation suggesting the bullish trend remains strong and further price dips may offer buying opportunities.

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Strategy (Nasdaq: MSTR) is launching an IPO of 2.5 million shares of its 10 % Series A Perpetual Stride Preferred Stock under the ticker STRD. The company plans to use the proceeds to buy more Bitcoin and support general corporate operations.

The STRD stock will pay a 10% non-cumulative cash dividend annually distributed quarterly starting September 30, 2025. If a fundamental change occurs investors can demand Strategy repurchase their shares for $100 each plus any unpaid dividends. Strategy also reserves the right to redeem STRD shares if holdings fall below 25% of the original issue or if certain tax events arise.

Recently Strategy bought 705 more Bitcoin for $75 million at an average price of $106,495 per coin. This brings their total Bitcoin holdings to 580,955 BTC making them the largest corporate holder. The purchase was funded through an at-the-market sale of preferred shares raising $74.6 million which included sales of STRK and STRF stock.

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Today, Strategy (Nasdaq: MSTR; STRK; STRF) has announced that it plans to conduct an initial public offering of 2,500,000 STRD shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock. 

“Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital,“ stated the company in the announcement.

The STRD Stock will offer non-cumulative cash dividends at an annual rate of 10 percent, paid quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on September 30, 2025. If dividends are not declared, they will not accumulate, and Strategy…

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Today, Tether Group and Bitfinex have transferred a combined 25,812.22 BTC to support their investment in Twenty One Capital, a newly formed Bitcoin-native company set to go public through a business combination with Cantor Equity Partners (Nasdaq: CEP).

Tether moved 14,000 BTC to an address of Twenty One Capital (XXI) and previously transferred 4,812.22 BTC to another address of Twenty One Capital as part of their investment in the company.

Bitfinex, in parallel, has sent 7,000 BTC to an address of Twenty One Capital, also as part of its investment.

These Bitcoin transfers come a little over a month after Twenty One Capital and CEP announced that it was raising $585…

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