LATEST: Tesla Misses Revenue Targets But Keeps Holding 11,509 Bitcoins Worth $1 Billion

Breaking News Tesla reports Q1 revenue of $19.34 billion and misses analyst forecasts by over $2 billion. Company still holds 11, 509 Bitcoin worth over $1 billion after price rally. Electric vehicle sales dip by 20% but crypto assets buoy the balance sheet.

Bitcoin climbed 5% to reach over $93,500 boosting the value of Tesla holdings past $1 billion. No Bitcoin trades this quarter signals a pure HODL approach. New accounting rules force mark to market reporting so gains and losses appear each quarter.

Elon Musk praises Bitcoin long term potential and signals faith in digital assets. Crypto market may stay choppy until mid May then calm in late Q2. Strong growth expected by Q3 driven by institutional adoption and clearer US regulations.

Report

SoftBank, Tether, And Cantor Fitzgerald Prepare $3B Bitcoin Treasury Vehicle

SoftBank, one of Japan’s most powerful corporate institutions, is reportedly in talks with Tether and Cantor Fitzgerald to launch a $3 billion Bitcoin treasury vehicle slated for public listing. According to Bloomberg, the structure is expected to be capitalized in Bitcoin—not fiat—with SoftBank contributing $900 million, Tether $1.5 billion, and Bitfinex $600 million.

If finalized, the entity would launch with approximately 32,000 BTC—instantly ranking among the top five Bitcoin-holding public companies globally. It would also mark a significant expansion of a corporate strategy that’s already redefining capital formation: the Bitcoin treasury model.

Why Corporations Are… Read more on BitcoinMagazine

Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000

Bitcoin ETFs witnessed massive inflows totalling $912.7 million on April 22, marking their strongest performance since January 20, when bitcoin reached its previous all-time high above $108,000. The surge coincides with bitcoin’s price breaking above $94,000 for the first time in 51 days.

ARK 21Shares Bitcoin ETF (ARKB) led the inflows with $267.1 million, its second-largest daily inflow since launch. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $253.8 million, while BlackRock’s iShares Bitcoin Trust (IBIT) secured $193.5 million.

The substantial inflows came as bitcoin surged above 6% in 24 hours, climbing from $88,610 to $94,115. The rally gained momentum…

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LATEST: Cantor Fitzgerald Plans $3B Bitcoin Venture with SoftBank, Tether, and Bitfine

Brandon Lutnick son of US Commerce Secretary Howard Lutnick and chairman of Cantor Fitzgerald is spearheading a $3 billion Bitcoin venture with giants like SoftBank Tether and Bitfinex. This strategic collaboration forms a new company 21 Capital fueled by a pro-crypto shift in US policy under President Donald Trump’s administration. The Financial Times reports this move aligns with efforts to enhance cryptocurrency’s footprint in the financial sector.

21 Capital recently raised $200 million through a SPAC and plans to acquire substantial Bitcoin investments from its partners totaling nearly $3 billion. This funding strategy mirrors the aggressive Bitcoin acquisition tactics of MicroStrategy now known as Strategy which has seen significant growth in its market influence due to its bold investment moves.

The new venture promises to convert its Bitcoin stakes into shares priced at $10 each projecting Bitcoin’s value at $85,000 per coin. Expected to launch soon this move by 21 Capital aims to not only extend Cantor’s influence in digital assets but also solidify a strong position in the burgeoning cryptocurrency market.

 Financial Times Report

Fed independence may be the next major loser

This is a segment from the Blockworks Daily newsletter. To read full editions, subscribe.

“I respect his independence,” former President Nixon reassured the White House crowd at the 1970 swearing-in of Fed Chair Arthur Burns.

“However, I hope that independently he will conclude that my views are the ones that should be followed.”

There’s no video of the event, so it’s hard to say for sure, but I’m guessing that was meant as a joke.

It’s also exactly how things worked out.

Burns famously allowed Fed policy to become subservient to Nixon’s political goals, fueling the 1970s epidemic of inflation.

The much-maligned Fed chair reportedly acknowledged…

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BlackRock’s Bitcoin ETF IBIT Hit $4.2 Billion In Trading Volume As Bitcoin Price Surpasses $91,000

BlackRock’s spot Bitcoin ETF, IBIT, recorded a massive $4.2 billion in trading volume today as the price of Bitcoin soared above $91,000 for the first time since early March. According to data from Barchart, IBIT traded a staggering 81,098,938 shares, ending the trading session at a price of $52.08.

The surge in ETF activity comes on the same day Bitcoin climbed to $91,739, according to Bitbo. This marks the highest price level since April 8, when Bitcoin hit a low of $75,603. The strong upward momentum signals renewed buying pressure in the market, particularly from institutional investment products like spot ETFs.

Fidelity’s spot Bitcoin ETF, FBTC, also saw significant trading…

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