Strategy’s massive Bitcoin treasury has swung back into profit after BTC surged roughly 22% over five consecutive sessions, reversing billions of dollars in paper losses accumulated during the summer selloff. The company currently holds 840,447 BTC acquired for $63.36 billion at an average price of $75,385. Bitcoin traded around $77,300 at the latest check after reaching an intraday high above $79,000, putting Strategy’s position roughly $1.6 billion above its aggregate acquisition cost. The reversal comes only weeks after the same…
Project Crypto
SEC Sets August 14 Vote On Tailored Crypto Offering Rules
The U.S. Securities and Exchange Commission will vote Friday on whether to propose a new offering framework specifically designed for certain investment contracts involving crypto assets. The open meeting is scheduled for August 14 at 10 a.m. ET at the SEC’s Washington headquarters, with public access available through the agency’s webcast. The Division of Corporation Finance is presenting the proposal to commissioners. Approval would move the framework into formal rulemaking rather than make the new requirements immediately effective. SEC Targets…
1 week ago
SEC Launches Project Crypto To Modernize Rules For Onchain Markets
SEC Chair Paul Atkins launched Project Crypto, a commission-wide initiative to update securities rules for crypto assets and onchain financial markets. The initiative directs SEC policy divisions to work with the Crypto Task Force on proposals covering crypto asset distributions, custody and trading. Atkins said staff will prepare rules for public notice and comment, while the SEC may also use interpretive, exemptive and other authorities before full rulemaking is complete. Project Crypto follows the White House working group’s digital asset…
2 months ago
