Shares of Strategy Inc. (NASDAQ: MSTR) crossed below $100 on Wednesday for the first time since March 2024, extending a collapse that has erased more than 80% of the stock’s value from its all-time high of approximately $474 reached in November 2024.

The breach of the $100 threshold carries weight beyond the number itself. Strategy, the Bitcoin treasury company led by Executive Chairman Michael Saylor, built its investment thesis around the premise that its leveraged exposure to Bitcoin would generate returns that outpace traditional assets.

That thesis is now under pressure as Bitcoin trades near $61,000 — well below the company’s average acquisition cost of roughly $75,656 per…

Read more on BitcoinMagazine

Bitcoin price is trading near $61,500 today, extending a decline that has erased more than half its value since the token hit a record high in October 2025. The sell-off is rippling through publicly traded crypto companies, where losses have at times outpaced Bitcoin itself.

The token fell to $61,877 earlier this week — its lowest level since June 11 — before sliding further. Bitcoin price briefly broke below $60,000 on June 5, a level not seen since late 2024, before a partial recovery that has since stalled.

Deutsche Bank attributed Bitcoin’s weakness to a convergence of institutional pressures. A shift in Federal Reserve expectations — the bank now forecasts two rate…

Read more on BitcoinMagazine

Strive Inc. CEO Matt Cole said his company is purchasing Bitcoin at an aggressive pace, telling Bloomberg that the firm is buying “hand over fist” as prices decline. 

The statement came as Strive disclosed its latest acquisition: 759 BTC purchased between June 15 and June 21 at an average cost of $65,850 per coin, bringing the company’s total treasury to 19,864 BTC — the seventh-largest corporate Bitcoin position in the world.

The company has built that position from zero in under a year. In June alone, the company made three separate purchases — 759 BTC, 73 BTC at $63,646, and 32 BTC at $63,900 — as Bitcoin prices fell. An additional $185 million in Bitcoin was…

Read more on BitcoinMagazine

BlackRock, the world’s largest asset manager with $14 trillion under management, now recommends that investors allocate 1–2% of their portfolios to Bitcoin — a position the firm says can boost return potential without destabilizing overall risk.

The guidance came from Michael Gates, BlackRock’s lead portfolio manager for model portfolios, who framed Bitcoin as a “complementary diversifier” in multi-asset contexts. “A modest allocation could potentially have an impact on portfolio returns without dominating day-to-day risk,” Gates said.

In a traditional 60/40 portfolio, BlackRock notes that a 1–2% Bitcoin position carries risk comparable to a single large-cap…

Read more on BitcoinMagazine

The House Financial Services Committee has scheduled a hearing on the Digital Asset Market Clarity Act (H.R. 3633) for July 17 in New York. 

First introduced and House Financial Services Chairman French Hill on May 29, 2025, the CLARITY Act is the most significant attempt yet to build a durable regulatory framework for digital assets in the United States. 

Its central mechanism is a jurisdictional division: the Commodity Futures Trading Commission (CFTC) would receive exclusive authority over spot markets for “digital commodities” — most notably Bitcoin — while the Securities and Exchange Commission (SEC) retains jurisdiction over digital assets that qualify as…

Read more on BitcoinMagazine

Craig Raw is a solo developer based in South Africa. In 2020, he built Sparrow Wallet — a free, open-source Bitcoin desktop wallet — because he thought the existing options weren’t good enough. 

He has no company behind him, charges nothing for the software, and has kept building it for six years on the belief that it has value for people who want real control of their money.

Sparrow is a tool for people who take Bitcoin self-custody seriously — the kind of users who want to see every detail of what their wallet is doing, manage their own transaction privacy, and hold their own keys rather than trust a third party. 

Raw designed it to educate as much as to function,…

Read more on BitcoinMagazine

Bull Bitcoin has obtained a MiCA license in France, ensuring users in European Union member states can continue accessing its Bitcoin exchange and payment services without interruption or any reduction in functionality. Founder Francis Pouliot announced the development on June 23, 2026, via X, marking the end of a nearly three-year, self-financed effort to enter the European market.

“We are particularly excited to have obtained our MICA license without needing to compromise on our cypherpunk approach to self-custody and privacy,” Pouliot stated. “All features of our website and wallet will remain exactly the same as they have been for the first half of 2026, with no…

Read more on BitcoinMagazine

Europe’s markets regulator has told unauthorized crypto-asset service providers to shut down EU operations without delay. The European Securities and Markets Authority issued the directive as the Markets in Crypto-Assets Regulation transitional period expires on 1 July 2026.

MiCA is the EU’s landmark crypto regulatory framework. It requires any firm offering crypto services to EU clients to hold a formal authorization. A transitional period allowed existing providers to continue operating under national regimes while they sought approval. That window closes on July 1.

Some firms secured authorization ahead of the deadline. Others did not. ESMA’s statement targets the…

Read more on BitcoinMagazine

H100 Group shareholders cast their votes in Stockholm on Tuesday, giving the company’s board authority to close acquisitions of two Norwegian bitcoin treasury firms — a deal that would take the company’s holdings from 1,051 BTC to around 3,500 BTC and rank it second among Europe’s listed bitcoin treasury companies.

The annual general meeting was the decisive checkpoint for H100’s binding share purchase agreements with Moonshot AS and Never Say Die AS. 

The two Norwegian companies hold a combined 2,450 BTC. Under the deal’s structure, existing H100 shareholders retain 30% of the merged entity, with the sellers taking 70%.

Adam Back, the British cryptographer best…

Read more on BitcoinMagazine