Saudi-linked bank boosts Strategy Bitcoin exposure
Gulf International Bank increased its holdings in Strategy by 53% as institutional investors continued expanding exposure to Bitcoin-linked equities.
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Gulf International Bank increased its holdings in Strategy by 53% as institutional investors continued expanding exposure to Bitcoin-linked equities.
Bitcoin traded just below $80,000 as investors closely watched US President Donald Trump’s visit to China, with markets treating the summit as a key test for the sustainability of the cryptocurrency’s latest rally.
Keith Gill’s verified X account was apparently hacked on May 11, with attackers using the Roaring Kitty profile to promote and dump a Solana meme coin that briefly surged to a market value of about $12 million.
Coinbase chief executive Brian Armstrong backed the latest version of the Digital Asset Market Clarity Act ahead of a US Senate markup scheduled for Thursday.
Arkham published what it described as a public onchain map linking two OFAC-sanctioned Tron wallets to Iran’s central bank following a $344 million USDT freeze tied to US sanctions enforcement.
A Bitcoin holder posting as cprkrn on X said Anthropic’s Claude AI helped recover 5 Bitcoin from a wallet locked for more than 11 years after analysing files from an old college computer.
Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North America to compete with already established supply chains from China. Sternheim said that because US rare earths production won't happen overnight, it is important that president trump secures short term supply during his meeting with President Xi in China.
Lululemon Athletica's incoming CEO Heidi O'Neill gave her first speech to the company's employees this week, in which she pledged to put the athleisure brand back on track. Romaine Bostick and Katie Greifeld have more on "Bloomberg The Close."
Cisco's fourth-quarter sales forecast topped estimates and the company announced plans to cut thousands of jobs. Lindsey Bell of 248 Ventures reacts to the report on "Bloomberg The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Christina Mohr, global chair of M&A at Citigroup, and Ian Nussbaum, partner at Latham & Watkins, join Dani Burger and Michelle Davis on "Bloomberg Deals."
Jane Street reduced its Bitcoin ETF holdings in the first quarter of 2026 while increasing exposure to Ether-focused funds, according to a recent 13F filing.
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