Michael Saylor’s Strategy acquired 13,927 Bitcoin for $1 billion last week, funding the purchase through STRC share sales, lifting the company’s holdings to 780,897 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin (BTC), added a large haul of Bitcoin to its stash last week, edging toward 800,000 BTC in total holdings. Strategy acquired 13,927 Bitcoin for $1 billion between April 6 and 12, according to an 8-K filing with the US Securities and Exchange Commission on Monday. The purchases were made at an average price of $71,902 per coin, marking another purchase below the company’s average acquisition price of $75,577. Read more
StarkWare CEO Eli Ben-Sasson said the company will split into two units as it adopts a faster and leaner “startup mode.” Zero-knowledge scaling company StarkWare is cutting jobs and restructuring its operations as it shifts from infrastructure development toward revenue-generating products. CEO Eli Ben-Sasson said in internal remarks that the firm will split into two business units and cut headcount to move faster and operate more efficiently, with one unit focused on applications and the other on Starknet development. Ben-Sasson said the company would adopt a “startup mode” mindset, prioritizing fewer initiatives with higher revenue potential, while warning that downsizing would affect employees across the organization. StarkWare did not disclose how many employees would be affected by the cuts. Read more
Nigel Farage-backed Stack BTC bought $2.7 million of Bitcoin, deepening the Reform UK leader’s crypto ties as the UK moves to curb crypto donations. Stack BTC, an Aquis-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, purchased 2 million British pounds ($2.7 million) worth of Bitcoin on Monday, as Nigel Farage deepens his ties to the firm. According to an April 13 filing, the company purchased 37 Bitcoin (BTC) as part of its treasury strategy at a price of roughly $72,385 per coin and now holds a total of 68.1898 BTC. The purchase follows Farage’s previously disclosed $286,000 equity investment in the company, which has been marketing itself as a way for UK investors to gain Bitcoin exposure via public markets, and makes Farage the first UK political party leader and sitting member of parliament to publicly back Bitcoin, in what Stack BTC described as a “landmark moment for Bitcoin in British politics.” Read more
South Korea’s FSS said API trading now makes up 30% of crypto turnover and warned it will crack down on abusive automated trading patterns, local media reported Monday. South Korea’s Financial Supervisory Service (FSS) said Monday that API-based trading now accounts for about 30% of crypto buy-and-sell turnover, warning that some traders are using automated tools to inflate volumes and manipulate prices. According to reports from Yonhap News Agency and Maeil Business Newspaper, the regulator warned that some traders are using automated tools to inflate volumes and manipulate prices, citing cases involving repeated small trades, spoofed orders and coordinated activity across multiple accounts. The FSS said it will launch targeted investigations into accounts suspected of using APIs for excessive or abnormal trading patterns, signaling closer scrutiny of automated trading activity in the market. Read more