Coindesk

KULR Boosts Bitcoin Treasury to 800 BTC With $9M Purchase

Energy management firm KULR (KULR) has expanded its bitcoin treasury to more than 800 tokens, with the purchase an additional $9 million worth of BTC.The latest acquisition — made at an average price of $103,234 each — brings the total amount KULR has spent on the cryptocurrency to $78 million.This continues the company's treasury strategy first announced in December last year, under which it committed to holding up to 90% of its surplus cash reserves in bitcoin.The Houston-based firm, which develops energy storage systems for aerospace and defense, is measuring the success of this pivot using a BTC Yield metric.That metric tracks the growth in the ratio of bitcoin holdings to the number of shares outstanding, rather than actual dollar...

Strategy’s STRK Hits Record Proceeds, Has Outperformed Bitcoin, S&P 500 Since Debut

Disclaimer: The analyst who wrote this report owns shares of Strategy (MSTR).Strategy’s (MSTR) perpetual preferred stock, STRK, achieved the largest proceeds from its weekly at-the-market (ATM) issuance since the program started in February, according to X account DogCandles, raising $59.7 million that was used to buy more bitcoin BTC, according to a Monday SEC filing. That amount corresponds to the issuance of approximately 621,555 STRK shares. Strategy has about $20.79 billion still available in the STRK ATM facility.The company led by Executive Chairman Michael Saylor is plowing ahead with its bitcoin-buying strategy even as the price of the largest cryptocurrency holds above $100,000, with an eye on its January record of $109,000. Strategy's Monday BTC purchase took its total holdings...

Crypto Daybook Americas: Bitcoin Stability Above $100K Is Cementing New Psychological Floor

By Omkar Godbole (All times ET unless indicated otherwise)The big story in financial markets is not just global bond-market jitters, it's also bitcoin's (BTC) stability above $100,000.BTC has held above that level for 11 straight days after jumping sharply from around $75,000 in early April. Some might interpret that as a sign of uptrend exhaustion, but it could also be the market normalizing the six-figure mark.Think of it like this: When BTC first hit $100,000, many people likely thought, "This is crazy. It's too expensive" and perhaps refrained from buying or even took profits on their holdings. But the longer it stays there, the more the price feels normal and becomes anchored in people's minds. In other words, don't be...

Solana (SOL) Surges 6% on Bullish Reversal and DeFi Activity Toward $180

The cryptocurrency market continues to respond to broader economic factors as Solana demonstrates resilience amid global trade uncertainties. SOL's price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance levels with institutional-grade volume suggesting accumulation despite a brief 1.35% correction in recent hours. Meanwhile, analysts point to the $166.82 level as a crucial short-term pivot, with potential for significant upward movement if SOL can maintain momentum above $177 resistance.Technical Analysis HighlightsSOL climbed from a low of $159.69 to a high of $173.03, representing a significant range of $13.34 (8.35%).Price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $166.87.Above-average volume was observed around the $167-$170 zone, indicating...

AAVE Surges 24% in Explosive Rally, Breaking Key Resistance Levels

AAVE's explosive rally broke through multiple resistance levels with increasing trading volume, particularly during the late-night hours when it surpassed the $250 psychological barrier.The cryptocurrency has established support around $240 while consolidating above $263, suggesting potential for further upward movement as institutional interest grows amid broader market developments. This performance comes as Bitcoin approaches new all-time highs and public companies continue increasing their cryptocurrency holdings, with firms like Strategy Corp planning to raise $84 billion for Bitcoin purchases.Technical Analysis HighlightsClear uptrend formation with higher lows and higher highs, breaking through multiple resistance levels with increasing volume, according to CoinDesk Research's technical analysis data model.Explosive price action between 23:00-02:00, with volume peaking at 232,392 units as AAVE broke through the $250...