Crypto Market Update: Strategy Closes in on 1 Million BTC with New US$1 Billion Haul

Strategy expands Bitcoin reserve with US$1 billion acquisition

Strategy (NASDAQ:MSTR) has cemented its status as the world’s premier Bitcoin treasury, adding another 13,927 BTC to its balance sheet for a staggering US$1 billion.

Executive Chairman Michael Saylor confirmed the purchase was executed at an average price of US$71,902, bringing the company’s total stockpile to a massive 780,897 tokens.

The latest purchase means the firm now controls approximately 3.8 percent of the entire circulating Bitcoin supply, a concentration that far outstrips any other publicly traded company.

Despite the firm currently facing roughly US$14.5 billion in unrealized losses due to recent market pullbacks, Saylor remains steadfast in his accumulation strategy, recently noting that the company’s holdings now only need to grow by 2 percent annually to cover all preferred stock dividends indefinitely.

To fund these massive buys, Strategy has been utilizing its high-yield preferred stock, allowing it to hoard coins without diluting common shareholders.

At its current pace, analysts believe the firm is on track to hit the symbolic one-million-Bitcoin mark by the end of the year.

Investor mutiny rocks Trump-linked WLF

World Liberty Financial (WLF), the crypto venture closely tied to the Trump family, is grappling with a high-profile investor revolt led by billionaire Justin Sun, according to a Bloomberg report.

Sun, who was an early and heavy backer of the project, has publicly denounced it as a “trap,” accusing insiders of building secret controls to freeze user funds at will. The backlash centers on a controversial maneuver where the project deposited 3 billion of its own WLFI tokens into a lending protocol to borrow US$75 million in stablecoins.

Allegations state that this allows the team to extract liquidity effectively before a massive wave of early investor tokens are scheduled to unlock, potentially leaving retail holders with the bill.

The drama has sent the WLFI token diving, with its value dropping over 50 percent to hit an all-time low below US$0.08 over the weekend.

Coinone slapped with massive fine, partial ban

South Korea’s Financial Intelligence Unit has handed down a severe penalty to Coinone, one of the nation’s largest crypto exchanges, over systematic failures in its anti-money laundering protocols.

The Korea Times reported that the exchange was fined 5.2 billion won (roughly US$3.5 million) and ordered to undergo a three-month partial business suspension after regulators discovered 70,000 cases of failed customer identity verification.

During this suspension period, Coinone is strictly prohibited from onboarding new customers or allowing them to deposit and withdraw funds for trading. Investigations also revealed that the platform facilitated approximately 10,000 transactions through 16 unregistered overseas exchanges, bypassing mandatory reporting requirements.

Under Korean law, exchanges must link user accounts to real-name bank accounts and report any transactions that exceed specific thresholds to prevent illicit financial activity.

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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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