Strategy Inc disclosed in a Form 8-K filed Monday that it increased its U.S. dollar reserve by $525 million, bringing the total to $3.75 billion as of July 27, 2026. The company said the reserve now covers 2.1 years of dividend and interest payments on its outstanding preferred stock and debt. Executive Chairman Michael Saylor […]
Strategy Inc. (Nasdaq: MSTR) Chairman Michael Saylor argued that shutting bitcoin out of banks, custodians and capital markets denies its benefits to 99% of the world, as his own company’s 843,775 BTC treasury currently sits underwater against its purchase price. Saylor Makes the Case for Bitcoin in the Banking System Saylor, the chairman of the […]
KB Kookmin Bank, South Korea’s largest lender by assets, will launch a corporate cross-border payment service in August built on Kinexys, JPMorgan’s permissioned blockchain platform. The move makes KB Kookmin the first South Korean financial institution to settle commercial dollar payments on the network. What Was Announced Exactly KB Kookmin Bank, a unit of KB […]
SUI dropped back to the lower band of its Gaussian Channel indicator this week, trading near $0.72 as chart watchers debate whether the token can climb back toward the midpoint. The pullback landed as Abu Dhabi’s Mubadala Capital tokenized a $75 million private markets fund partly on the blockchain. A Familiar Support Zone Crypto trader […]
On Sunday, during the morning trading sessions, bitcoin exchanged hands for $64,466 on July 26, giving back most of a rally that had pushed the cryptocurrency above $66,900 earlier in the week. The past seven days followed a familiar pattern. Buyers stepped in after last month’s drop to $57,700, driving bitcoin from $64,700 on July […]
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. Since last Friday, Bitcoin moved from around $64,000 […]
With the move, Argentines can now collect their wages in dollars, a proposal that will be more enticing to companies that already get paid in dollars. Nonetheless, this new option clashes with the historical distrust that Argentines have in banking institutions. Argentina’s Central Bank Authorizes Salary Payments in Dollars Argentina is advancing to a multi-currency-friendly […]