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Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17. According to an 8-K filing with the Securities and Exchange Commission, the company purchased the bitcoin at an average price of roughly $80,985 per coin. The latest acquisition brings Strategy's total holdings to approximately 843,738 BTC, worth about $65.3 billion based on current prices. The company said it has spent roughly $63.9 billion acquiring bitcoin at an average purchase price of approximately $75,700 per bitcoin, including fees and expenses.

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Bittensor (TAO), down 9.6% over the weekend, joined Bitcoin Cash (BCH) as an underperformer.

 

Goldman Sachs, Wall Street's most-watched bank, has completely offloaded its XRP and Solana ETF stakes and slashed Ethereum holdings by 70%. The latest filing now shows Bitcoin remaining as the bank's dominant institutional crypto allocation despite growing volatility across the broader digital asset market.

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Iran's Hormuz Safe offers Bitcoin-settled insurance for Hormuz shipping, aiming for $10B revenue while testing US sanctions limits and spooking regulators and shippers.