Backed is the issuer behind xStocks, a tokenized equities platform that Kraken acquired in December 2024.

Crypto market rises 2.5% to $2.38T as Iran de-escalation signals lift risk assets, with Bitcoin holding near $70K and altcoins gaining on renewed momentum.

The fund currently holds approximately 5,400 Bitcoin, valued at around $374 million at current prices.

The arrangement is structured through a collaboration with Tokeny, a Luxembourg-based firm that builds technology for issuing and managing tokenized financial assets.

The most actively traded assets on the Nigeria platform were Bitcoin, USDT, and Tron.

The bulk of the loss came from accounting adjustments tied to Ethereum price declines in the second half of the year.

The goal is to let Bitcoin function as an everyday payment method without triggering a taxable event on each use.

The $25 million in new capital will fund engineering hires and continued protocol development.

At $2,015 per coin, the company's Ethereum treasury is worth approximately $9.14 billion.

Bitcoin's issuance schedule was embedded in the protocol by its pseudonymous creator, Satoshi Nakamoto, and is fixed in the software.

The reversal came after reports emerged that G7 nations were weighing the release of up to 400 million barrels from strategic reserves.

The purchase is the company's largest single Bitcoin acquisition since January, when it bought 22,305 coins for $2.13 billion.

AI sector is back in top form this week, with most major AI tokens in the green.

The company's current average purchase cost sits at about $75,985 per BTC, according to SaylorTracker data, meaning the market price is now below Strategy's cost basis.

Johnston said running Bitcoin application-specific integrated circuit miners, known as ASICs, would be "one of the most compelling use cases" of space-based compute.

The move positions the exchange to join a growing list of platforms pushing into regulated tokenized finance.

The number of active investors in the space fell 34.5% to 3,225 over the same period.

He attributed the tandem rally to what he called "shared exposure to the current macro regime,"