hodler

1 Jun 2026, 12:19

Strategy Sells Bitcoin for First Time, Dumps 32 BTC to Fund Preferred Stock Dividends

Strategy sold 32 bitcoin between May 26 and May 31, 2026, generating $2.5 million at an average price of $77,135 per coin, marking one of the firm’s only disclosed bitcoin liquidations since it began accumulating in August 2020. Why the Sale Matters The amount is small. Thirty-two coins against a stack of 843,706 BTC represents

1 Jun 2026, 12:16

Strategy Inc sold 32 bitcoin last week

1 Jun 2026, 12:14

Ethereum tests $1,825 support as buyers face pressure

🟣 $ETH clings to $1,825 with buyers under pressure. Failure to hold could send $ETH down to $1,750 or lower. 🟠 If support holds, $2,073 and $2,360 become key targets. Continue Reading: Ethereum tests $1,825 support as buyers face pressure The post Ethereum tests $1,825 support as buyers face pressure appeared first on COINTURK NEWS .

1 Jun 2026, 12:10

Iren closes $3.65B GPU-backed financing to fuel AI data center expansion under Microsoft deal

BitcoinWorld Iren closes $3.65B GPU-backed financing to fuel AI data center expansion under Microsoft deal Nasdaq-listed Bitcoin miner Iren Limited, formerly known as Iris Energy, has finalized a $3.65 billion financing round structured around its GPU assets, the company announced. The capital will support an AI cloud supply agreement with Microsoft and accelerate the expansion of Iren’s AI-focused data centers. How the financing is structured The deal is a securitization of Iren’s GPU hardware and the future cash flows generated by those assets. It consists of a $2.1 billion private placement in the U.S. and a $1.55 billion term loan. This approach allows Iren to raise capital against the value of its computing infrastructure rather than relying solely on corporate debt or equity dilution. Securitization of technology assets is a relatively novel strategy in the crypto mining sector. It signals growing confidence from institutional investors in the long-term revenue potential of AI cloud services, even as the broader market for digital assets remains volatile. Capacity targets and the Microsoft deal Iren plans to deploy the funds to expand its AI data center footprint, aiming to reach 480 megawatts (MW) of AI cloud capacity by the end of 2026. The expansion is directly tied to a supply agreement with Microsoft, under which Iren will provide cloud computing resources powered by its GPU clusters. This move reflects a broader trend among Bitcoin miners diversifying into high-performance computing and AI services. Miners already operate large-scale data centers with access to power infrastructure, making them natural candidates for hosting AI workloads. Why this matters for the crypto and AI sectors The deal highlights a strategic pivot for Iren and similar firms. Rather than relying exclusively on Bitcoin mining revenue, which is subject to price swings and halving events, companies are repurposing their infrastructure for AI cloud services — a market with more predictable, long-term contracts. For Microsoft, the agreement secures additional GPU capacity to meet growing demand for its Azure AI services, without requiring direct capital expenditure on hardware. This type of partnership could become more common as hyperscalers seek flexible compute resources. Conclusion Iren’s $3.65 billion GPU-backed financing represents one of the largest capital raises in the Bitcoin mining industry, underscoring the convergence of crypto infrastructure and AI cloud services. The deal provides Iren with a clear path to expand its data center capacity while offering Microsoft a scalable compute solution. The success of this model could influence how other miners approach capital markets and diversification strategies in the coming years. FAQs Q1: What is a GPU-backed securitization? A: It is a financing method where a company raises capital by selling securities backed by the value of its GPU hardware and the expected future revenue from those assets. Investors receive returns based on the cash flows generated by the GPUs. Q2: Why is Iren expanding into AI cloud services? A: Iren is diversifying its revenue streams beyond Bitcoin mining, which is subject to price volatility and periodic reward halvings. AI cloud services offer long-term, contracted revenue with major technology partners like Microsoft. Q3: How does this deal benefit Microsoft? A: Microsoft gains access to additional GPU computing capacity to support its Azure AI platform without having to invest directly in the hardware or data center infrastructure. This helps the company meet rising demand for AI cloud services more flexibly. This post Iren closes $3.65B GPU-backed financing to fuel AI data center expansion under Microsoft deal first appeared on BitcoinWorld .

1 Jun 2026, 12:09

Binance Opens US Stock Trading and Plans To Let Users Tokenize Shares on BNB Chain

Binance, the world’s largest centralized cryptocurrency exchange by trading volume, just made its biggest foray into the TradFi world. The platform opened trading on more than 7,000 US stocks and ETFs on Monday, with zero commission for non-US users and buy orders that start as low as $5. The bigger move sits underneath that. The exchange announced that it plans to let customers turn the shares they buy into tokens on its own BNB blockchain. Welcome to a new era. Trade the brands you love. Direct Stocks. ETFs. Available 24/5. 👉 https://t.co/IQVBAuxxey pic.twitter.com/6HvjTDFRCE — Binance (@binance) June 1, 2026 The feature is due in the coming weeks and it’s called bStocks. Co-CEO Richard Teng described it as a way for users to create a synthetic version of a stock by converting it into a digital token. Kraken and Robinhood already run tokenized stock products, but Binance says its version lets customers start the tokenization themselves rather than buy a token that’s already been issued. How the Trading Works The stock side is done via traditional infra. A broker dealer called Nest Trading arranges the purchases and New York firm Alpaca takes care of the custody, dividends and corporate actions. Customers can pay with stablecoins like USDC and USDT, or with other tokens including BNB. Binance is viewing this move as a step toward becoming a “multi-asset financial super app,” a growing trend among a number of crypto companies pushing into equities. Why Tokenizing Matters Settlement is the main utility for onchain stocks. A traditional equity trade trade clears through Wall Street intermediaries and takes a day or more to finalize. On the other hand, a tokenized stock settles almost instantly and trades 24/7. Binance framed bStocks as a bridge between traditional shares and always-on assets, with the door open to DeFi uses like lending and liquidity provision later on. The Number Behind the Bet The timing lines up with where big forecasters see this going. Citi’s Tokenization 2030 report put the tokenized securities market at roughly $17 billion today and projected $5.5 trillion by 2030 in its base case. Tokenized stocks account for $2.6 trillion of that, an estimate resting on about 10% of retail traders moving onto platforms that offer them. Binance, with one of the largest user bases in crypto, is a direct test of that assumption. There’s a long way to go. Tokenized stocks were worth only about $487 million in total by the end of the first quarter, a rounding error next to the $2.6 trillion target. The institutional side is moving too. The DTCC starts limited tokenized trades in July , and both Nasdaq and the NYSE’s owner have plans of their own. Binance is coming at the same goal from the retail end. Whether retail users actually tokenize their own shares is the open question. For now, the gap between holding a stock and holding a token keeps narrowing, and the largest crypto exchange just moved to close more of it. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

1 Jun 2026, 12:07

Strategy sold 32 BTC for $2.5 million in late May, filing shows

The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.