What’s up? Welcome to Tokenize Weekly Roundup
Tokenize Xchange will meet you right here with the week’s most important crypto news. Crypto moves fast, but we’ll help you stay on top of the latest trends and explain why they matter. Also, don’t miss any updates regarding our latest features, events, and community activities.
🚀Crypto Leaderboard
🗞 Highlights of The Week
1. Bitcoin Surges Past $87K But Is It Too Soon to Call the Next Bull Run?
Bitcoin surged past the $87,000 mark over the weekend, igniting fresh excitement among crypto traders and investors. It’s the first time BTC has crossed that level since April 2, breaking out of its recent consolidation phase and once again leading the digital asset market.
2. Strategy Buys More Bitcoin $555M Purchase Brings Total Holdings to 538,200 BTC
✅ 6,556 BTC purchased using proceeds from stock sales
✅ Total Bitcoin holdings now at 538,200 BTC
✅ Cumulative purchase cost: $36.47 billion
✅ Current market value: ~$46.8 billion
✅ Estimated paper profit: ~$10 billion
In yet another major show of confidence in Bitcoin, Strategy announced that it has added 6,556 BTC to its already enormous holdings. The purchase, made last week for approximately $555 million, was funded through proceeds raised from recent stock offerings.
3. New SEC Chair Paul Atkins Vows Rational, Coherent Approach to Crypto Regulation
In a pivotal moment for U.S. digital asset policy, newly appointed SEC Chair Paul Atkins announced plans to establish a “rational, coherent and principled approach” to regulating cryptocurrencies and blockchain-based assets. The statement, delivered during his swearing-in ceremony on Tuesday, signals a potential departure from the enforcement-heavy regime of his predecessor, Gary Gensler.
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