{"id":1656,"date":"2025-06-01T19:13:48","date_gmt":"2025-06-01T19:13:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/strategy-adds-4020-bitcoin-circle-files-for-ipo-india-eyes-crypto-tax-cut-weekly-recap\/"},"modified":"2025-06-01T19:13:50","modified_gmt":"2025-06-01T19:13:50","slug":"strategy-adds-4020-bitcoin-circle-files-for-ipo-india-eyes-crypto-tax-cut-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/strategy-adds-4020-bitcoin-circle-files-for-ipo-india-eyes-crypto-tax-cut-weekly-recap\/","title":{"rendered":"Strategy adds 4,020 Bitcoin, Circle files for IPO, India eyes crypto tax cut | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Today\u2019s edition of the weekly recap covers a variety of topics including Strategy and GameStop each revealing major Bitcoin acquisitions totaling over $900 million.<\/p>\n<p class=\"is-style-default\">Meanwhile, El Salvador and Pakistan expanded their sovereign crypto reserves\u2014despite global pressure from institutions like the International Monetary Fund (IMF). <\/p>\n<p class=\"is-style-default\">Read on for more coverage on Circle\u2019s initial public offering, OpenSea\u2019s platform upgrade and Coinbase\u2019s return to San Francisco. <\/p>\n<h3 class=\"wp-block-heading\">Strategy acquires 4,020 Bitcoin through multi-source funding<\/h3>\n<ul class=\"wp-block-list\">\n<li>Between May 19 and 25, the company <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.strategy.com\/press\/strategy-acquires-4020-btc-now-holds-580250-btc_05-26-2025\" target=\"_blank\" rel=\"nofollow\">bought<\/a> more Bitcoin (BTC) for almost $427 million. The company now has 580,250 BTC in total holdings. <\/li>\n<li>Strategy sold 847,000 shares of common stock (MSTR), 678,970 shares of STRK preferred stock, and 104,423 shares of STRF preferred stock to finance the transaction.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">India\u2019s crypto industry sees regulatory opportunity<\/h3>\n<ul class=\"wp-block-list\">\n<li>Cryptocurrency exchange executives report that Prime Minister Narendra Modi\u2019s government has become more receptive to digital assets since Donald Trump\u2019s return to the White House, according to Tuesday\u2019s Financial Times <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/528de801-fe00-4e36-a3aa-1080937b646e\" target=\"_blank\" rel=\"nofollow\">report<\/a>.<\/li>\n<li>Industry leaders have discussed cryptocurrencies with New Delhi officials and suggested a potential shift in India\u2019s regulatory stance toward them.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Circle files for NYSE public offering<\/h3>\n<ul class=\"wp-block-list\">\n<li>The USDC stablecoin issuer announced that it plans to go public on the New York Stock Exchange, offering 24 million class A shares.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">El Salvador defies IMF with new Bitcoin purchase<\/h3>\n<ul class=\"wp-block-list\">\n<li>The country <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/bitcoinofficesv\/status\/1927551203124142333\" target=\"_blank\" rel=\"nofollow\">acquired<\/a> eight additional BTC on Tuesday despite the IMF reiterating its demand to freeze government cryptocurrency acquisitions under a $1.4 billion loan agreement.<\/li>\n<li>El Salvador now holds nearly 6,200 BTC.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Cetus Protocol secures compensation funding after exploit<\/h3>\n<ul class=\"wp-block-list\">\n<li>In the wake of last week\u2019s $223 million security incident, the biggest decentralized exchange on the Sui (SUI) blockchain secured a loan from the Sui Foundation to fully reimburse users. <\/li>\n<li>Subject to an on-chain community vote, the compensation funds are distinct from frozen funds and particularly cover bridged assets.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">GameStop announces $513 million BTC purchase<\/h3>\n<ul class=\"wp-block-list\">\n<li>The video game retailer announced Wednesday on X that it has acquired 4,710 Bitcoin.<\/li>\n<li>GameStop provided no additional details about the acquisition timing or purchase price in its announcement.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Pakistan announces government-led Bitcoin reserve<\/h3>\n<ul class=\"wp-block-list\">\n<li>At the Bitcoin 2025 conference in Las Vegas on Wednesday, Bilal Bin Saqib, CEO of the Pakistan Crypto Council, announced that Pakistan is creating a \u201cgovernment-led\u201d strategic Bitcoin reserve.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Telegram raises $1.5 billion through convertible bonds<\/h3>\n<ul class=\"wp-block-list\">\n<li>The messaging platform secured funding through five-year convertible bonds to refinance existing liabilities and extend repayment deadlines.<\/li>\n<li>Telegram will use $955 million of the proceeds to buy back bonds maturing in 2026.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">OpenSea launches OS2 upgrade with expanded trading<\/h3>\n<ul class=\"wp-block-list\">\n<li>The NFT trading platform officially <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/HollanderAdam\/status\/1928153822276231660\" target=\"_blank\" rel=\"nofollow\">released<\/a> its OpenSea2 upgrade to the public following a beta testing period.<\/li>\n<li>The revamped platform now supports token trading across 19 blockchains.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">SEC drops Binance lawsuit without explanation<\/h3>\n<ul class=\"wp-block-list\">\n<li>On Thursday, the Securities and Exchange Commission and Binance jointly filed a motion to end their lengthy legal battle. <\/li>\n<li>The SEC\u2019s new crypto task force had previously put the case on hold while it sought to \u201cdevelop a regulatory framework for crypto assets.\u201d<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Coinbase returns to San Francisco with new lease<\/h3>\n<ul class=\"wp-block-list\">\n<li>The cryptocurrency exchange has <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DanielLurie\/status\/1928186378589982857\" target=\"_blank\" rel=\"nofollow\">signed<\/a> a lease for office space in San Francisco\u2019s Mission Rock development. This marks its return to the city after abandoning its headquarters model approximately three years ago.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Thailand blocks access to major crypto exchanges<\/h3>\n<ul class=\"wp-block-list\">\n<li>The SEC of Thailand <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.or.th\/TH\/Pages\/News_Detail.aspx?SECID=11796&amp;fbclid=IwY2xjawKl2oBleHRuA2FlbQIxMABicmlkETFJQk9GQmJqcEUzSkN1QjV0AR6tYOGB43uNjunOaMkZhsjLN5YNfm1WMOc6FTmqXseZnYYr_8IPpi0Et95uxA_aem_IQxL0EFZH8AG62rwlXOwqA\" target=\"_blank\" rel=\"nofollow\">declared<\/a> that, as of June 28, cryptocurrency traders will no longer be able to access Bybit, CoinEx, OKX, 1000X, and XT.com.<\/li>\n<li>The regulatory action targets exchanges operating without proper local authorization in the Southeast Asian nation.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">FTX begins second round of creditor distributions<\/h3>\n<ul class=\"wp-block-list\">\n<li>Former FTX users are reporting receipt of payouts. The bankrupt exchange announced Friday that it has commenced the second round of distributions valued at approximately $5 billion.<\/li>\n<li>The payments represent part of a previously announced bankruptcy plan designed to compensate creditors affected by the exchange\u2019s collapse.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s edition of the weekly recap covers a variety of topics including Strategy and GameStop each revealing major Bitcoin acquisitions totaling over $900 million. Meanwhile, El Salvador and Pakistan expanded&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1656"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"predecessor-version":[{"id":1658,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1656\/revisions\/1658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1657"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}