Day: May 11, 2025

Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg

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Coinbase CEO Brian Armstrong said his company had considered adopting a Bitcoin investment playbook like Michael Saylor’s Strategy on multiple occasions, but decided against it each time out of fear that it would kill the firm’s crypto exchange, Bloomberg reported. “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically,” Armstrong told Bloomberg in a May 9 video call. Armstrong said the Bitcoin (BTC) strategy could have risked the company’s cash position and…

Bitcoin nears all-time high as Trump touts major progress with China

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Key Takeaways Bitcoin is trading just 4% below its all-time high, boosted by positive US-China trade talks. US-listed Bitcoin ETFs saw over $1 billion in inflows, with BlackRock’s fund continuing a 19-day winning streak. Share this article Bitcoin surged to a high of $104,900 on Saturday evening, just around 4% shy of its all-time high, after President Donald Trump said US-China talks had made great progress during a meeting in Switzerland, TradingView data shows. In a statement on Truth Social, Trump said that the discussions were constructive and friendly, describing…

Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid

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UFC fighter turned Irish political candidate Conor McGregor has endorsed the idea of building a Bitcoin reserve in his country to give more “power back to the people.” “Crypto in it’s origin was founded to give power back to the people. An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor wrote to X on May 9. The former UFC champion said he would discuss his plans in more detail in an upcoming X spaces, prompting responses from some of the Bitcoin industry’s most prominent leaders. Source:…