Strategy added nearly 25,000 more Bitcoin after raising billions through preferred stock sales under its ATM programs.
Bitcoin Depot, the world's largest operator of cryptocurrency ATMs, is shutting down after declaring bankruptcy, according to a Monday (May 18) press release. The company is seeking Chapter 11 bankruptcy protection and will begin winding down its business and selling its assets, the release said.
Michael Saylor is not slowing down. While some expected a pause or even sales, Strategy has just signed one of its biggest Bitcoin purchases of the year.
Strategy purchased 24,869 Bitcoin last week for $2 billion, channeling billions of dollars that came from its flagship preferred stock.
In a significant reversal of a previous estimation, BitMEX co-founder and the CEO of Maelstrom, Arthur Hayes, has revised his 2026 BTC target from $500k to $125k.
Bitcoin trades between $76,900 to $77,465 on May 18, 2026, at 9:40 a.m. ET as traders assess mixed technical signals across multiple timeframes. While broader trend structure remains constructive above major support zones, short-term momentum indicators continue to reflect a cautious tone amid resistance near the $78,400 area.
Capital B acquired 192 BTC for €13 million after closing a $20 million funding round. The round included participation from Adam Back, CEO of Blockstream, and French asset manager TOBAM. The French company now holds approximately 3,135 BTC with an aggregate value of $330 million and an average purchase price of $105,270 per unit.
Michael Saylor says Strategy could sell Bitcoin in extreme conditions, arguing BTC must remain liquid to qualify as a true asset.
BlackRock's iShares Bitcoin Trust (IBIT) has accelerated its Bitcoin (BTC) sell-off on May 18, after ending its six consecutive weeks of cash inflows.
The platform settles cargo cover in Bitcoin under a plan for marine policies and certificates that could generate $10 billion for Iran.
The Bitcoin holdings of Elon Musk's rocket and satellite maker, SpaceX, are in the spotlight as the company eyes a potential $2 trillion IPO.
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.