CoreWeave agreed to purchase Core Scientific in an all-stock deal valued at $9 billion. Shares of CoreWeave (CRWV) opened lower on Tuesday as analysts questioned whether the company’s recent acquisition of Core Scientific (CORZ) would contribute meaningfully to its bottom line. CRWV stock was down 3.6% after the opening bell, hitting a low of $153.97. Despite the decline, the crypto miner turned AI infrastructure company holds a market capitalization of $75 billion after posting a 288% gain since its initial public offering in March. Selling pressure mounted after D.A. Davidson’s Gil Luria raised doubts about CoreWeave’s $9 billion all-share deal to acquire Core Scientific, announced Monday. Read more
Bitcoin's long-term investors now hold 80% of all BTC in circulation, which could trigger the next leg higher into price discovery, if history repeats. Key takeaways: 80% of all Bitcoin is now being hodl’d, a historical signal for upcoming rallies. A break above the $110,000 resistance could lead to increased volatility, with some traders anticipating a rise to $130,000. Read more
The venture fund has already invested in Bitcoin-focused exchanges, savings platforms and payment solutions. Venture capital firm Ego Death Capital has raised $100 million from family offices and other investors to support early-stage Bitcoin (BTC) companies, highlighting the growing institutional appetite for digital asset-focused ventures. The fund aims to back Series A rounds for companies generating between $1 million and $3 million in annual revenue, founding partner Nico Leshuga told Axios in an exclusive interview. Leshuga said he sees “Bitcoin as the only decentralized and secure base to be able to build on.” Read more
In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves. Roughly 463,000 BTC — or about 2.3% of Bitcoin’s total supply — is currently held by governments around the world, according to publicly available blockchain data and legal disclosures. While that might sound like a small percentage, it equates to tens of billions of dollars in sovereign Bitcoin wealth, giving Bitcoin (BTC) a growing role in national asset strategies and state-level accumulation. Read more