China's Supreme People's Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country's criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at
Crypto rebounded Monday after Friday's selloff, driven by strong jobs data, AI IPO liquidity drain and Saylor worries.
Bitcoin has attracted about $12 billion in combined inflows from exchange-traded funds and corporate treasury buyers in 2026, even as ETF investors pulled a net $2.6 billion from the market, according to Bernstein.
Strategy has added 1,550 bitcoin to its treasury for approximately $101 million, bringing its total holdings to 845,256 BTC and its USD reserve to $1.0 billion. Executive Chairman Michael Saylor disclosed the purchase on X on June 8, 2026, sharing the company's updated reserve figures.
Strategy adds bitcoin and cash after raising $181 million through stock sales.
Bitcoin ETF Outflows Hit $1.72B — Worst Week in 14 Months
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.
Strategy's aggressive Bitcoin accumulation highlights institutional confidence in crypto's long-term potential despite current market volatility. Strategy buys 1,550 Bitcoin for $101 million after offloading 32 coins.
The metric shows bitcoin's market price is getting close to its realized fair value after the recent sell-off.
Bitcoin's weekend crash below $60,000 can be linked to a deeper meaning relating to the May 2026 jobs report that came in far stronger than expected.
Derivatives selling on Binance hits $15B in a single day as Bitcoin records its worst weekly drop.
A Chinese court jailed a man for 10 years and nine months after he memorized a seed phrase, stole 107 Bitcoin and took 660,000 yuan in cash.