Strategy™ has unveiled plans to issue up to $21 billion in 8.00% Series A perpetual strike preferred stock through its ATM Program. The company will sell these shares over time considering market conditions. This stock is convertible into Strategy’s class A common stock offering investors a unique opportunity.

The proceeds from this ambitious offering are earmarked for general corporate purposes. Notably Strategy intends to significantly bolster its bitcoin holdings alongside enhancing working capital. This move signals a strong commitment to integrating cryptocurrency into its core financial strategy.

Sales of the perpetual strike preferred stock are governed by a detailed prospectus supplement. This document was filed with the Securities and Exchange Commission as part of an automatic shelf registration statement now in effect. Strategy’s approach follows all legal protocols ensuring compliance with securities laws ensuring a robust and lawful expansion of their financial operations.

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Craig Wright, the Australian computer scientist who claims to be the inventor of Bitcoin, has been ordered to pay £225,000 ($290,000) in legal costs after a judge found he had used artificial intelligence (AI) improperly in a failed appeal.

This is believed to be the first time someone has been penalized for using AI in UK civil courts.

Dr. Wright has always said he is Satoshi Nakamoto, the mysterious and pseudonymous creator of Bitcoin. But in May 2024 the High Court ruled that he had “lied extensively” to support his claim. Despite this, he tried to appeal but his case was dismissed in November 2024.

The Crypto Open Patent Alliance (COPA), a group of digital asset…

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BBVA has aligned with the Markets in Crypto-assets Regulation to offer a new crypto trading service through its app making it easier for customers in Spain to buy sell and manage Bitcoin and Ether. Starting with a select group of users the service will eventually be available to all private customers enhancing BBVA’s digital integration strategy.

The bank will leverage its own cryptographic key custody platform for enhanced security allowing customers to manage their cryptoassets alongside traditional banking operations without third-party reliance. This service will be available through customer initiative only ensuring a user-driven experience.

Gonzalo Rodríguez Head of Retail Banking in Spain emphasized the bank’s commitment to simplifying access to cryptoassets ensuring a secure and direct investment path from mobile devices. BBVA’s decade-long blockchain research supports this innovative service expansion in line with global security standards.

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El Salvador continues to expand its Bitcoin holdings despite significant international pressure notably from the International Monetary Fund (IMF). The country recently acquired an additional 5 BTC bringing its total reserves to 6,111.18 BTC valued at over $503 million. This move comes after an agreement with the IMF which included conditions to rescind Bitcoin as legal tender and reduce public sector involvement in the cryptocurrency.

Despite the IMF’s disapproval and recent legislative changes to comply with a $1.4 billion loan agreement El Salvador’s government has not ceased its Bitcoin acquisitions. Just this year the country added multiple Bitcoins to its treasury even after legislative adjustments in January that aimed to scale back its cryptocurrency engagements as per IMF’s conditions.

President Nayib Bukele remains firm on his pro-Bitcoin stance amidst ongoing pressure from the IMF. His administration’s unwavering support for Bitcoin has even influenced major crypto firms to consider relocating to El Salvador. This bold approach reflects a commitment to continue integrating Bitcoin into the country’s economic strategy regardless of external pressures.

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