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Strategy purchased 1,550 BTC for about $101.3 million between June 1 and June 7. The purchase was Strategy's first acquisition since the company sold 32 BTC. Strategy funded the purchase with about $181 million from Class A common stock sales. Strategy raised its U.S. dollar reserve to $1 billion as of June 7. The purchase followed a selloff that briefly pushed Bitcoin below $60,000. Strategy now holds 845,256 BTC at an average price of $75,680 per coin (reported 8 hours ago).

BitMine bought 126,971 ETH last week. The purchase was BitMine's largest single-week acquisition of the year. The buys lifted BitMine's holdings to 5,543,872 ETH, or 4.59% of Ethereum's circulating supply. The purchase came after ETH fell to approximately $1,522 on June 6, its lowest price in more than a year. BitMine said about 85% of its ETH is now staked. BitMine expects about $274 million from an upsized preferred share offering for future acquisitions (reported 3 hours ago).

Bitcoin slipped to about $62,900 after renewed Israel-Iran hostilities pushed investors away from risk assets. Oil rose more than 3% and Asian equity indexes tumbled as Iran and Israel traded airstrikes. Rising oil prices, rising Treasury yields, and recent spot Bitcoin ETF outflows kept pressure on leveraged crypto positioning (reported 15 hours ago).

Market Trends

Asian equities sold off sharply, with Japan's Nikkei falling nearly 4% and Korea's KOSDAQ halting for 20 minutes after an 8% drop (reported 19 hours ago).

The crypto market lost about $390 billion last week, and about $7 billion in leveraged positions were liquidated, including about $5.7 billion in long positions. Bitcoin fell 17.3% and Ethereum dropped 22% across the week (reported 10 hours ago).

The Israeli military said Iran launched another wave of missiles toward Israel and activated defense systems to intercept the incoming threats. Missile counts, impact locations, and casualty details were not provided (reported 19 hours ago).

Regulation & Policy

ZachXBT said the UK's May 26 designation of Huobi Global S.A., the Panama entity behind HTX, made sanctions-based risk scores unusable because compliance tools tag any wallet that ever touched HTX. UK firms must now freeze and trace exposed funds.

The CFTC finalized joint data standards under the Financial Data Transparency Act of 2022, including shared specifications for data transmission, schema, and classification formats. Eight other agencies have established or plan to establish similar standards, including the Federal Reserve, SEC, Treasury Department, FDIC, and OCC.

The People's Court of Qingdao City in Shandong Province recognized Bitcoin as property in a 107 BTC theft case and found Zhang guilty. The court sentenced Zhang to 10 years and nine months in prison and fined Zhang 100,000 yuan.

Institutional Updates

Consensys launched MetaMask Agent Wallet as a self-custodial product that lets AI agents trade across DeFi through a limited early-access program. A full public release is planned for later in the summer of 2026.

Bybit and Kraken opened SpaceX IPO subscription access through xStocks, with registration and subscription running from June 7 to June 11. The tokenized shares are expected to begin trading on Bybit's spot market from June 12.

CME's Bitcoin volatility index futures began trading last week, and DV Chain and Monarq Asset Management executed the first block trades. The contracts track expected Bitcoin volatility over four weeks.

What to Watch

If the preferred stock transaction closes on June 10, 2026, then sustained ETH buying would be a confirmation signal for treasury demand. Adding exposure after that confirmation is a potential momentum signal for ETH exposure. Traders can watch whether BitMine keeps staking a large share of its ETH balance.

If future filings show additional net BTC purchases funded by equity sales and stable dollar reserves, then corporate treasury demand would look more durable. Adding exposure to BTC treasury proxies after that confirmation is a potential momentum signal. Another BTC sale would weaken that setup.