💵 Yesterday people thought Tether had broken after hundreds of previously frozen wallets suddenly started unlocking on-chain
Turns out it wasn’t a bug.
🔥❄️Tether intentionally unfroze 497 USDT addresses holding around $79.2M — the largest unfreeze wave of 2026 so far.
At first, panic spread across crypto Twitter, with users warning others to urgently withdraw “locked” funds. But analysts now believe this was simply part of compliance procedures:
old investigations were closed and some assets were returned to their owners.
The uncomfortable takeaway 👇
With Tether, you can wake up with:
• a frozen balance
• or an unexpectedly unfrozen one
…without any notification — just a blockchain update.
Turns out it wasn’t a bug.
🔥❄️Tether intentionally unfroze 497 USDT addresses holding around $79.2M — the largest unfreeze wave of 2026 so far.
At first, panic spread across crypto Twitter, with users warning others to urgently withdraw “locked” funds. But analysts now believe this was simply part of compliance procedures:
old investigations were closed and some assets were returned to their owners.
The uncomfortable takeaway 👇
With Tether, you can wake up with:
• a frozen balance
• or an unexpectedly unfrozen one
…without any notification — just a blockchain update.
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📉 Markets turned red after the underwhelming US-China talks
Nvidia led the sell-off after Donald Trump approved H200 chip sales to China — but reports suggest Beijing showed little interest in buying them. 🤷
Meanwhile, Bitcoin dropped toward $78k, raising fears of a deeper correction.
For many traders, the key zone now sits around $75k:
if BTC loses that level, momentum could accelerate quickly. Some analysts even argue that this time a fall toward $60k might not provide strong support either.
Bitcoin has followed surprisingly similar cycles for years.
If history repeats again, the market may first wipe out overleveraged traders before offering the next real accumulation zone 😳
Nvidia led the sell-off after Donald Trump approved H200 chip sales to China — but reports suggest Beijing showed little interest in buying them. 🤷
Meanwhile, Bitcoin dropped toward $78k, raising fears of a deeper correction.
For many traders, the key zone now sits around $75k:
if BTC loses that level, momentum could accelerate quickly. Some analysts even argue that this time a fall toward $60k might not provide strong support either.
Bitcoin has followed surprisingly similar cycles for years.
If history repeats again, the market may first wipe out overleveraged traders before offering the next real accumulation zone 😳
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Red Monday is here 🌡
BTC dropped below $77K as over $600M in longs got wiped in the last 24 hours — with ETH alone accounting for $256M in liquidations. 🔪
Markets turned risk-off after renewed tensions around Iran. Donald Trump once again raised pressure on Tehran, and traders are now pricing in the possibility of fresh US strikes later this week. 🛬
Interestingly, rising Treasury yields suggest some investors still believe Trump could be bluffing — but the uncertainty is enough to send crypto and equities lower for now.
Volatility is back on the menu. 🎢
BTC dropped below $77K as over $600M in longs got wiped in the last 24 hours — with ETH alone accounting for $256M in liquidations. 🔪
Markets turned risk-off after renewed tensions around Iran. Donald Trump once again raised pressure on Tehran, and traders are now pricing in the possibility of fresh US strikes later this week. 🛬
Interestingly, rising Treasury yields suggest some investors still believe Trump could be bluffing — but the uncertainty is enough to send crypto and equities lower for now.
Volatility is back on the menu. 🎢
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🇮🇷 Iran is reportedly developing a Bitcoin-based insurance system for ships passing through the Strait of Hormuz 🧐
Through the “Hormuz Safe” platform, vessels would be able to buy maritime insurance policies covering inspections, detentions, and even cargo confiscation.
The proposal could reportedly generate up to $10B for Iran’s treasury. 💰
The only unanswered questions 👀:
▸ who exactly pays out the claims if things go wrong;
▸ and whether all “insured” ships suddenly become hostile targets after Trump posts one angry tweet on Truth Social.
Through the “Hormuz Safe” platform, vessels would be able to buy maritime insurance policies covering inspections, detentions, and even cargo confiscation.
The proposal could reportedly generate up to $10B for Iran’s treasury. 💰
The only unanswered questions 👀:
▸ who exactly pays out the claims if things go wrong;
▸ and whether all “insured” ships suddenly become hostile targets after Trump posts one angry tweet on Truth Social.
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🇺🇸 One of the largest Bitcoin ATM operators in the US has filed for bankruptcy
Bitcoin Depot has officially entered Chapter 11 proceedings, while its network of crypto ATMs has already been shut down.
The company cites multiple reasons behind the collapse:
▪️tightening US crypto regulations;
▪️stricter limits on crypto ATM transactions;
▪️growing legal and regulatory pressure;
▪️worsening financial performance.
Bitcoin ATMs were once seen as a key bridge between cash and crypto adoption. Now many operators are struggling to survive as regulators crack down on fraud risks and compliance issues.
Another reminder that during every bull market, not all crypto businesses make it to the next cycle. 🤷
Bitcoin Depot has officially entered Chapter 11 proceedings, while its network of crypto ATMs has already been shut down.
The company cites multiple reasons behind the collapse:
▪️tightening US crypto regulations;
▪️stricter limits on crypto ATM transactions;
▪️growing legal and regulatory pressure;
▪️worsening financial performance.
Bitcoin ATMs were once seen as a key bridge between cash and crypto adoption. Now many operators are struggling to survive as regulators crack down on fraud risks and compliance issues.
Another reminder that during every bull market, not all crypto businesses make it to the next cycle. 🤷
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☹️ Ledger users are now receiving physical scam letters at home
One Italian crypto holder shared a fake “official” letter using Ledger branding and fear tactics to pressure victims into entering their seed phrase to “protect their funds.”
The creepy part? The scammers had his home address.
Ledger says the data likely comes from multiple industry leaks, but crypto veterans immediately remembered the infamous 2020 Ledger breach, where addresses and phone numbers of 270K customers were exposed.
Looks like scammers never delete archives — they just wait for the next bull market.
2026 crypto security starter pack:
▪️ never share your seed phrase;
▪️ ignore panic messages;
▪️ and apparently… be suspicious of your physical mailbox too.
Imagine explaining to someone in 2015 that Web3 phishing attacks would eventually arrive via paper mail. 📩
One Italian crypto holder shared a fake “official” letter using Ledger branding and fear tactics to pressure victims into entering their seed phrase to “protect their funds.”
The creepy part? The scammers had his home address.
Ledger says the data likely comes from multiple industry leaks, but crypto veterans immediately remembered the infamous 2020 Ledger breach, where addresses and phone numbers of 270K customers were exposed.
Looks like scammers never delete archives — they just wait for the next bull market.
2026 crypto security starter pack:
▪️ never share your seed phrase;
▪️ ignore panic messages;
▪️ and apparently… be suspicious of your physical mailbox too.
Imagine explaining to someone in 2015 that Web3 phishing attacks would eventually arrive via paper mail. 📩
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Selling pressure on Bitcoin is fading 👀
🔎 Binance Research highlighted 4 on-chain signals suggesting that liquid BTC supply continues to shrink:
▸ Nearly 60% of all BTC hasn’t moved in over a year — meaning most coins are sitting with long-term holders, not active sellers.
▸ BTC held on exchanges dropped from ~17.6% during the COVID era to ~15.0% today. Roughly 500K BTC has been withdrawn from exchanges over that period.
▸ The SLRV indicator remains near historical lows, signaling weak speculative activity and fewer short-term traders left in the market.
▸ STH MVRV moved back above 1.0, meaning short-term holders are entering unrealized profit territory — but still far from euphoric levels.
The takeaway: Binance Research is basically pointing to a liquidity squeeze.
There are fewer and fewer BTC available for quick selling… while buyers keep showing up.
🔎 Binance Research highlighted 4 on-chain signals suggesting that liquid BTC supply continues to shrink:
▸ Nearly 60% of all BTC hasn’t moved in over a year — meaning most coins are sitting with long-term holders, not active sellers.
▸ BTC held on exchanges dropped from ~17.6% during the COVID era to ~15.0% today. Roughly 500K BTC has been withdrawn from exchanges over that period.
▸ The SLRV indicator remains near historical lows, signaling weak speculative activity and fewer short-term traders left in the market.
▸ STH MVRV moved back above 1.0, meaning short-term holders are entering unrealized profit territory — but still far from euphoric levels.
The takeaway: Binance Research is basically pointing to a liquidity squeeze.
There are fewer and fewer BTC available for quick selling… while buyers keep showing up.
🔥6🆒1
💰 Strategy just bought another 24,869 BTC worth $2.01B at an average price of $80,985 per coin
As of May 17, the company now holds a staggering 843,738 BTC acquired for a total of $63.87B, with an average entry price of $75,700.
At this point, Michael Saylor isn’t really “buying the dip” anymore.
He’s buying entire supply shocks.
Strategy now owns so much Bitcoin that every new purchase feels less like a trade and more like a side quest to absorb all remaining BTC from the market. 👀
Meanwhile, bears are still waiting for “the inevitable collapse” while Saylor keeps pressing the orange button like it’s infinite money glitch DLC.
As of May 17, the company now holds a staggering 843,738 BTC acquired for a total of $63.87B, with an average entry price of $75,700.
At this point, Michael Saylor isn’t really “buying the dip” anymore.
He’s buying entire supply shocks.
Strategy now owns so much Bitcoin that every new purchase feels less like a trade and more like a side quest to absorb all remaining BTC from the market. 👀
Meanwhile, bears are still waiting for “the inevitable collapse” while Saylor keeps pressing the orange button like it’s infinite money glitch DLC.
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👻 The Crypto Fear & Greed Index has dropped back into Extreme Fear territory at 25
Markets bounced slightly after Trump said he canceled a “planned attack on Iran” because negotiations are still ongoing and a deal remains possible.
But the broader picture hasn’t changed much:
▸ BTC is still hovering around $77K
▸ ETH remains near $2,130
The problem is that traders are now pricing in headlines instead of fundamentals. One Truth Social post can erase billions in liquidations — and the next one can bring them right back.
Trump also made it clear that the military option is still on the table if talks fail 👀
Markets bounced slightly after Trump said he canceled a “planned attack on Iran” because negotiations are still ongoing and a deal remains possible.
But the broader picture hasn’t changed much:
▸ BTC is still hovering around $77K
▸ ETH remains near $2,130
The problem is that traders are now pricing in headlines instead of fundamentals. One Truth Social post can erase billions in liquidations — and the next one can bring them right back.
Trump also made it clear that the military option is still on the table if talks fail 👀
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📉💰 Bitcoin ETFs saw more than $1B in outflows last week — the largest withdrawal wave since BTC crashed to $60K
Historically, extended ETF outflows have almost always coincided with local market weakness, just like we’re seeing now. Reversals in this trend usually came before meaningful recoveries.
The problem? 👀
That reversal hasn’t appeared yet.
Institutional demand was one of the strongest narratives behind BTC’s rally, so when ETF money starts leaving aggressively, markets pay attention fast.
Right now the flow picture looks simple:
▸ retail is nervous
▸ institutions are de-risking
▸ and traders are watching every macro headline like it’s a Fed meeting.
Crypto Twitter still screams “buy the dip,” but ETF flows suggest Wall Street is currently choosing “reduce exposure.” 🤔
Historically, extended ETF outflows have almost always coincided with local market weakness, just like we’re seeing now. Reversals in this trend usually came before meaningful recoveries.
The problem? 👀
That reversal hasn’t appeared yet.
Institutional demand was one of the strongest narratives behind BTC’s rally, so when ETF money starts leaving aggressively, markets pay attention fast.
Right now the flow picture looks simple:
▸ retail is nervous
▸ institutions are de-risking
▸ and traders are watching every macro headline like it’s a Fed meeting.
Crypto Twitter still screams “buy the dip,” but ETF flows suggest Wall Street is currently choosing “reduce exposure.” 🤔
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📊 Crypto Twitter is split into two completely different BTC scenarios for 2026
🐃 Bullish case: straight to new ATHs.
Some traders believe Bitcoin has already completed a massive multi-year “cup and handle” pattern. The breakout allegedly happened, the retest held, and the next projected target sits around $220K. 🚀
🐻 Bearish case: one more brutal correction first.
In this scenario, BTC drops below $58K in May–June, ETH revisits $1,700, and broader markets keep sliding. Q3 becomes the accumulation phase, while Q4 brings recovery driven by rate cuts, fresh narratives, and possibly QE — pushing BTC back above $90K.
So the market currently has two schools of thought:
🔹 “Supercycle to $220K”
vs
🔹 “One last emotional damage event before up only.”
Classic crypto.
🐃 Bullish case: straight to new ATHs.
Some traders believe Bitcoin has already completed a massive multi-year “cup and handle” pattern. The breakout allegedly happened, the retest held, and the next projected target sits around $220K. 🚀
🐻 Bearish case: one more brutal correction first.
In this scenario, BTC drops below $58K in May–June, ETH revisits $1,700, and broader markets keep sliding. Q3 becomes the accumulation phase, while Q4 brings recovery driven by rate cuts, fresh narratives, and possibly QE — pushing BTC back above $90K.
So the market currently has two schools of thought:
🔹 “Supercycle to $220K”
vs
🔹 “One last emotional damage event before up only.”
Classic crypto.
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🇨🇳 China may be quietly tightening financial pressure on the US
While headlines focus on Trump–Xi handshakes, China’s holdings of US Treasuries have fallen to their lowest level since 2008 — just $693B. Beijing has been steadily reducing its Treasury exposure since 2022. 🧐
Why markets care:
▪️ Selling Treasuries pushes yields higher
▪️ 30Y Treasury yields are already above 5%
▪️ The US must refinance debt at increasingly expensive rates
▪️ Interest payments on national debt keep exploding
▪️ Budget deficits are projected to approach $2T in 2026
▪️ The Fed can’t aggressively cut rates because inflation remains sticky
The result is a nasty feedback loop:
🔄 more debt → higher yields → even more debt.
Officially, China calls this “reserve diversification.”
Unofficially, it looks a lot like weakening your biggest geopolitical rival by forcing it to drown in its own debt pile.
Financial wars rarely start with tanks.
Sometimes they start with bond sales. 🤷💵
While headlines focus on Trump–Xi handshakes, China’s holdings of US Treasuries have fallen to their lowest level since 2008 — just $693B. Beijing has been steadily reducing its Treasury exposure since 2022. 🧐
Why markets care:
▪️ Selling Treasuries pushes yields higher
▪️ 30Y Treasury yields are already above 5%
▪️ The US must refinance debt at increasingly expensive rates
▪️ Interest payments on national debt keep exploding
▪️ Budget deficits are projected to approach $2T in 2026
▪️ The Fed can’t aggressively cut rates because inflation remains sticky
The result is a nasty feedback loop:
🔄 more debt → higher yields → even more debt.
Officially, China calls this “reserve diversification.”
Unofficially, it looks a lot like weakening your biggest geopolitical rival by forcing it to drown in its own debt pile.
Financial wars rarely start with tanks.
Sometimes they start with bond sales. 🤷💵
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🛢 Fundstrat’s Tom Lee says Ethereum’s inverse correlation with oil prices is now at a historical extreme
Over the past 6 weeks, every major move higher in oil has coincided with weakness in ETH. The idea is simple:
▸ oil up = macro fear, inflation pressure, risk-off
▸ oil down = liquidity returns, risk assets recover
According to Lee, once oil prices reverse, Ethereum could resume its broader uptrend — and “everything will be OK again in 2026.”🧐
He also argues that ETH’s long-term growth drivers remain fully intact:
🔹 tokenization of real-world assets
🔹 AI agents and on-chain automation
So right now Ethereum holders are basically watching oil charts like they’re ETH technical analysis. 🔎📝
Over the past 6 weeks, every major move higher in oil has coincided with weakness in ETH. The idea is simple:
▸ oil up = macro fear, inflation pressure, risk-off
▸ oil down = liquidity returns, risk assets recover
According to Lee, once oil prices reverse, Ethereum could resume its broader uptrend — and “everything will be OK again in 2026.”🧐
He also argues that ETH’s long-term growth drivers remain fully intact:
🔹 tokenization of real-world assets
🔹 AI agents and on-chain automation
So right now Ethereum holders are basically watching oil charts like they’re ETH technical analysis. 🔎📝
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🥊 Only two players remain in the race toward the first historic 1 million BTC treasury:
▸ Strategy — the corporate Bitcoin giga-whale led by Michael Saylor
▸ IBIT — BlackRock’s spot Bitcoin ETF quietly vacuuming coins off the market
At this point the competition looks less like “who buys Bitcoin” and more like a multiplayer game of “who accidentally owns too much of the supply first.”
One side is powered by infinite convertible debt glitches.
The other is powered by Wall Street retirement money.
Meanwhile, retail traders are still arguing on Twitter whether BTC is going to $50K or $500K while these giants casually absorb entire exchange reserves in the background.
The real supply shock might begin when there’s barly any BTC left for everyone else. 🤔
▸ Strategy — the corporate Bitcoin giga-whale led by Michael Saylor
▸ IBIT — BlackRock’s spot Bitcoin ETF quietly vacuuming coins off the market
At this point the competition looks less like “who buys Bitcoin” and more like a multiplayer game of “who accidentally owns too much of the supply first.”
One side is powered by infinite convertible debt glitches.
The other is powered by Wall Street retirement money.
Meanwhile, retail traders are still arguing on Twitter whether BTC is going to $50K or $500K while these giants casually absorb entire exchange reserves in the background.
The real supply shock might begin when there’s barly any BTC left for everyone else. 🤔
👍3
🔍 Fresh CME gaps just appeared on the market:
▪️ BTC: $79,165 → $78,320
▪️ ETH: $2,221 → $2,187
▪️ SOL: $89.25 → $86.50
For newer traders: a CME gap is a price gap that forms because CME futures markets close on weekends while crypto keeps trading 24/7.
The important part? 👀
BTC historically fills these gaps around 90% of the time — especially when the market gets a convenient macro headline or liquidation cascade.
Of course, gaps are not magical “must fill” levels…
…but crypto traders treat them like unfinished side quests the market eventually comes back to complete.
So now CT will spend the entire week posting arrows toward these levels until either:
▸ the gaps get filled
▸ or everyone forgets and starts drawing new ones. 🤷
▪️ BTC: $79,165 → $78,320
▪️ ETH: $2,221 → $2,187
▪️ SOL: $89.25 → $86.50
For newer traders: a CME gap is a price gap that forms because CME futures markets close on weekends while crypto keeps trading 24/7.
The important part? 👀
BTC historically fills these gaps around 90% of the time — especially when the market gets a convenient macro headline or liquidation cascade.
Of course, gaps are not magical “must fill” levels…
…but crypto traders treat them like unfinished side quests the market eventually comes back to complete.
So now CT will spend the entire week posting arrows toward these levels until either:
▸ the gaps get filled
▸ or everyone forgets and starts drawing new ones. 🤷
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🐻 CryptoQuant: American investors are actively selling Bitcoin
The Coinbase Premium Gap dropped to -$77, meaning BTC is trading cheaper on Coinbase than on major overseas exchanges like Binance.
Why this matters? 🧐
The Coinbase Premium Gap is widely used as a proxy for US demand. When the metric turns negative, it usually signals:
▸ stronger selling pressure from US traders
▸ weaker spot buying activity
▸ risk-off sentiment among American investors
In simple terms: while CT keeps posting “institutions are buying everything,” the data currently shows US market participants hitting the sell button instead.
Historically, deeply negative Coinbase Premium readings often appear during periods of fear, panic, or macro uncertainty.
The Coinbase Premium Gap dropped to -$77, meaning BTC is trading cheaper on Coinbase than on major overseas exchanges like Binance.
Why this matters? 🧐
The Coinbase Premium Gap is widely used as a proxy for US demand. When the metric turns negative, it usually signals:
▸ stronger selling pressure from US traders
▸ weaker spot buying activity
▸ risk-off sentiment among American investors
In simple terms: while CT keeps posting “institutions are buying everything,” the data currently shows US market participants hitting the sell button instead.
Historically, deeply negative Coinbase Premium readings often appear during periods of fear, panic, or macro uncertainty.
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😳 Binance Research estimates that over $75B in “dirty” crypto is currently trapped inside blockchain ecosystems
This includes funds linked to:
▪️ hacks
▪️ scams
▪️ sanctioned wallets
▪️ darknet activity
▪️ and other illicit operations
Ironically, one of crypto’s biggest strengths — blockchain transparency — becomes a problem for criminals. Stolen or sanctioned funds are often permanently traceable, making them difficult to cash out or use openly.
So billions in illicit crypto basically exist in financial limbo:
🤷 visible to everyone, usable by almost no one.
At the same time, Binance Research notes that illegal crypto activity still accounts for less than 1% of total transaction volume.
Meanwhile, somewhere out there, a hacker is probably staring at a wallet worth $50M thinking:
“Technically I’m rich… practically I can’t buy coffee.” 🥴
This includes funds linked to:
▪️ hacks
▪️ scams
▪️ sanctioned wallets
▪️ darknet activity
▪️ and other illicit operations
Ironically, one of crypto’s biggest strengths — blockchain transparency — becomes a problem for criminals. Stolen or sanctioned funds are often permanently traceable, making them difficult to cash out or use openly.
So billions in illicit crypto basically exist in financial limbo:
🤷 visible to everyone, usable by almost no one.
At the same time, Binance Research notes that illegal crypto activity still accounts for less than 1% of total transaction volume.
Meanwhile, somewhere out there, a hacker is probably staring at a wallet worth $50M thinking:
“Technically I’m rich… practically I can’t buy coffee.” 🥴
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👀 Trump seems determined to squeeze every possible opportunity out of crypto
Reports say the White House wants crypto and fintech companies to gain direct access to the Federal Reserve payment system through so-called “master accounts.”
If implemented, crypto firms could interact with the US financial infrastructure without relying on traditional banks. 🏦
Especially after reports that Trump, his family, and affiliated businesses allegedly received extraordinary protection from future IRS investigations. 🤔
So now the US has:
▪️ a pro-crypto president
▪️ meme coins linked to the Trump brand
▪️ possible BTC reserves
▪️ and what CT is already calling “God-mode tax immunity.” 🤽♂️
Reports say the White House wants crypto and fintech companies to gain direct access to the Federal Reserve payment system through so-called “master accounts.”
If implemented, crypto firms could interact with the US financial infrastructure without relying on traditional banks. 🏦
Especially after reports that Trump, his family, and affiliated businesses allegedly received extraordinary protection from future IRS investigations. 🤔
So now the US has:
▪️ a pro-crypto president
▪️ meme coins linked to the Trump brand
▪️ possible BTC reserves
▪️ and what CT is already calling “God-mode tax immunity.” 🤽♂️
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🇺🇸🇮🇷 The US and Iran are reportedly preparing for 30 days of negotiations focused on the nuclear program and the Strait of Hormuz
Markets reacted positively at first… but in reality this mostly looks like the conflict getting extended for another month with no guarantee of resolution 🥴.
For now, traders are treating “no escalation today” as bullish news.
Meanwhile on the charts:
🚀 BTC successfully hit the $78K target. Now bulls need a daily close above that zone — otherwise Bitcoin may return to sideways suffering mode.
🤷 ETH tested $2,150 but still failed to reclaim it properly. A clean move above that level is needed for a stronger recovery structure.
So the market mood right now is basically:
▸ missiles postponed = green candles
▸ negotiations extended = bullish somehow
▸ everyone pretending geopolitics is technical analysis.
Markets reacted positively at first… but in reality this mostly looks like the conflict getting extended for another month with no guarantee of resolution 🥴.
For now, traders are treating “no escalation today” as bullish news.
Meanwhile on the charts:
🚀 BTC successfully hit the $78K target. Now bulls need a daily close above that zone — otherwise Bitcoin may return to sideways suffering mode.
🤷 ETH tested $2,150 but still failed to reclaim it properly. A clean move above that level is needed for a stronger recovery structure.
So the market mood right now is basically:
▸ missiles postponed = green candles
▸ negotiations extended = bullish somehow
▸ everyone pretending geopolitics is technical analysis.
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🚀 SpaceX officially revealed its Bitcoin holdings ahead of its IPO — and the numbers are massive
Elon Musk’s company holds 18,712 BTC with an average purchase price of just $35,300 per coin.
In a single quarter, the market value of those holdings jumped from $661M to $1.29B.
At the same time, SpaceX filed for a NASDAQ IPO under the ticker SPCX with a reported valuation target of $1.75T. 💰
Crypto analysts suspected for years that SpaceX wallets were quietly accumulating BTC, but this is the first official confirmation in public filings. 📝
After going public, the company will now have to regularly disclose its Bitcoin reserves — meaning every crypto trader on Earth is about to start reading aerospace earnings reports. 👀
Strategy still remains the king with 843,738 BTC…
…but Elon casually sitting on $1.3B in Bitcoin was apparently hidden in the rocket compartment the whole time.
Elon Musk’s company holds 18,712 BTC with an average purchase price of just $35,300 per coin.
In a single quarter, the market value of those holdings jumped from $661M to $1.29B.
At the same time, SpaceX filed for a NASDAQ IPO under the ticker SPCX with a reported valuation target of $1.75T. 💰
Crypto analysts suspected for years that SpaceX wallets were quietly accumulating BTC, but this is the first official confirmation in public filings. 📝
After going public, the company will now have to regularly disclose its Bitcoin reserves — meaning every crypto trader on Earth is about to start reading aerospace earnings reports. 👀
Strategy still remains the king with 843,738 BTC…
…but Elon casually sitting on $1.3B in Bitcoin was apparently hidden in the rocket compartment the whole time.
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