Strike CEO Jack Mallers pushes back against claims that Strike is becoming a “de facto subsidiary” of Tether after Tether increased its ownership stake in Bitcoin treasury firm Twenty One Capital ($XXI) by acquiring SoftBank’s shares. Critics argued that because Tether now controls more than 70% of $XXI, Strike’s planned merger with the company would effectively place Strike under Tether’s control. Mallers responded: “I am the sole controller and board authority of Strike. Twenty One does not own any part of Strike. If that ever changed, it would only happen with the governance and control rights necessary to ensure Strike remains controlled by me. Period.”

Bitcoin Depot’s revenue fell nearly 50% in Q1 2026 as stricter regulations and fraud concerns drove users away from Bitcoin ATMs.

Bitcoin News

Bitcoin Depot Files for Bankruptcy: End of Bitcoin ATMs' Era?

Bitcoin Depot’s revenue fell nearly 50% in Q1 2026 as stricter regulations and fraud concerns drove users away from Bitcoin ATMs.

TRUMP DISCLOSED MAKING 3,700 STOCK TRADES IN Q1 2026. That works out to roughly 60 trades per day. 8 of those trades in Q1 involved buying and selling shares of Strategy ($MSTR).

NEW: Swan Bitcoin faces a lawsuit for allegedly exploiting insider access to withdraw nearly $1B in Bitcoin and cash from Prime Trust, just days before the firm’s 2023 bankruptcy.

Bitcoin HODL Waves data suggests this cycle’s bottom could form between $65.9K–$70.5K, per CryptoQuant analyst Sunny Mom.

Iran says Hormuz Safe offers instant Bitcoin-based coverage against ship detention and inspections amid rising Gulf tensions.

Bitcoin News

Iran Announces Bitcoin-Based Shipping Insurance for Strait of Hormuz

Iran says Hormuz Safe offers instant blockchain-based coverage against ship detention and inspections amid rising Gulf tensions.

We are less than 100,000 blocks away from the next Bitcoin halving. The next halving is estimated to happen in late March/early April 2028.

Fiat currencies are destined to be swallowed by the Bitcoin black hole.

“This $300 trillion global market can now port into an asset that is only $1.6 trillion.” Joe Consorti joins to discuss: Why CLARITY is the biggest Bitcoin unlock yet The massive implications of STRC Why Bitcoin is the only asset AI can't disrupt YouTube: Fountain: https://fountain.fm/episode/88kNeE55BTjldMBZV93y

The CLARITY Act has made it out of committee on 15-9 bipartisan vote. But what does it mean for Bitcoin and what still stands in its way? Sign up below for our latest newsletter, delivered straight to your inbox every Monday morning.

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$450 MILLION FROZEN: TETHER, TRON, AND TRM LABS ESCALATE GLOBAL CRACKDOWN ON ILLICIT CRYPTO FLOWS The T3 Financial Crime Unit, a joint initiative between Tether, TRON, and TRM Labs, says it has now frozen more than $450M in illicit crypto assets globally. The group says it has supported investigations tied to DPRK-linked activity, terrorist financing, exchange hacks, kidnappings, extortion, drug trafficking, and violent crime. According to the announcement, illicit proceeds intercepted by the unit rose 43.9% in 2025 compared to last year, with law enforcement agencies across the US, Spain, Germany, the Netherlands, and Bulgaria involved in operations. The unit was also recently recognized by the Financial Action Task Force as an “invaluable resource for law enforcement agencies worldwide.”

ABU DHABI’S UNINTERRUPTED BITCOIN BUYING STREAK CONTINUES Mubadala, the Abu Dhabi sovereign wealth giant, reports owning 14.7M shares of BlackRock’s IBIT, a 16% increase from the 12.7M shares it held the previous quarter. Their stack is worth $565.6M as of March 31. Mubadala has now extended its uninterrupted IBIT buying streak that began in Q4 2024, continuing to add even through periods of BTC price weakness. Combined holdings across Mubadala and Al Warda Investments surpassed $1B at the end of 2025. ADIC, the Abu Dhabi entity operating under Mubadala, previously described its Bitcoin allocation as a “long term diversification strategy,” comparing Bitcoin to gold and arguing both will play structural roles in portfolios as the global economy becomes increasingly digital. The buying behavior reflects the sovereign fund’s decade-long investment horizon rather than short term market moves.

NEW: Bitcoin Depot discloses a 49% YOY revenue drop and a $9.5M net loss in Q1.

These are insane daily moves for sovereign debt markets.

DUTCH UNREALIZED GAINS TAX MAY BE STRUCK DOWN The Netherlands’ controversial Box 3 wealth tax overhaul is at risk of collapsing again. 50PLUS Senator Martin van Rooijen says he expects the Senate to reject the proposal in June and is urging the government to withdraw it entirely.

Strategy has already sold enough STRC this week to buy over 15,000 BTC 🤯

NEW: The Bitcoin bear market is over, per Morgan Creek Capital founder Mark Yusko.

NEW: digital assets have "the potential for complete transformation of our markets, and that goes beyond efficiencies," says 🇬🇧 UK Economic Secretary to the Treasury Lucy Rigby.

NEW: Metaplanet reported Q1 FY2026 revenue of ¥3.08 billion, up 251% year over year, as the firm continued aggressively expanding its Bitcoin treasury strategy. Operating profit rose 282.5% YoY to ¥2.27 billion, according to results shared by CEO Simon Gerovich. The company also reported a 73.6% operating margin and a 2.8% BTC yield for the quarter. Despite strong operational growth, Metaplanet posted a net loss of ¥114.5 million due to non-cash Bitcoin valuation adjustments tied to BTC price fluctuations. The results highlight how accounting treatment continues to distort earnings for Bitcoin treasury firms. Metaplanet previously reported an FY2025 net loss of roughly ¥95 billion, largely driven by a ¥102.2 billion non-cash Bitcoin markdown.

NEW: "Bitcoin is a relatively small and controllable market, whereas gold stands alone. There is only one gold. Ultimately, gold is more widely held, deeply established, and still plays a central role in the global system," says Ray Dalio.