hodler

24 May 2026, 16:36

SpaceX Reveals How Much Bitcoin (BTC) It Owns

SpaceX has revealed in a new S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) that it owns $1.293 billion in Bitcoin (BTC) on its balance sheet. The disclosure is the first time the company has publicly shared details about its crypto treasury ahead of its IPO. SpaceX Discloses Its BTC Position In SpaceX’s filing, the company says it holds 18,712 BTC, which it purchased at an average cost of around $35,324 per BTC for a total of around $661 million. As of March 31, 2026, the fair value of those holdings stood at $1.293 billion, with an unrealized gain of nearly 119%. “The company has ownership of and control over its digital assets, which consists of Bitcoin, and utilizes, and expects to continue to utilize third-party custodians to hold its Bitcoin,” read the filing. Elon Musk has publicly hinted at his company’s interest in digital assets through his frequent social media commentary for years. However, this filing marks the first time the aerospace giant has formally acknowledged holding BTC. Until now, estimates of the firm’s holdings had been mostly speculative, with analysts tracking Arkham-linked wallets putting the figure at around 8,285 BTC. The revelation places SpaceX among the largest corporate holders of BTC worldwide, surpassing Tesla’s own reserves. According to data from BitcoinTreasuries.net, the former now ranks seventh globally, while the latter sits in 13th place with holdings of 11,509 BTC. Elsewhere, Strategy remains the largest BTC treasury company, with the firm recently making a multi-billion dollar purchase of 24,869 BTC, bringing its entire stash to 843,738 BTC. SpaceX’s Upcoming IPO SpaceX is getting ready for its much-anticipated IPO, which it plans to list on the Nasdaq under the ticker SPCX next month. The company is aiming to raise about $75 billion, with a valuation that’s expected to fall between $1.75 trillion and $2 trillion. If successful, the offering would surpass the Saudi Aramco IPO from 2019, which raised $29.4 billion and currently holds the record for the biggest debut ever. The aerospace firm said in its Wednesday prospectus that it sees a total addressable market of about $28.5 trillion, with its strategy focused on identifying opportunities that match this under its repeatable business model. The document also shows that Musk will keep about 85.1% of the voting power after the listing, meaning that he will still have strong control over key company decisions even after it becomes a public entity. Meanwhile, Circle’s IPO made headlines last year in the crypto space, as the USDC issuer raised over $1 billion in its public debut. The offering also received lots of interest from major investors, with firms like ARK Investment and BlackRock contributing to its shares being oversubscribed by more than 25 times. The post SpaceX Reveals How Much Bitcoin (BTC) It Owns appeared first on CryptoPotato .

24 May 2026, 16:22

Bitcoin whales match last year’s buying in just 5 months

🚨 Whales matched 2025’s total Bitcoin purchases in just five months of 2026. Spot exchange supplies hit record lows while buying stays strong in $BTC. 📉 Key point: Shallow liquidity means new buying could quickly spike prices. Continue Reading: Bitcoin whales match last year’s buying in just 5 months The post Bitcoin whales match last year’s buying in just 5 months appeared first on COINTURK NEWS .

24 May 2026, 16:00

Decoding Bitcoin’s macro risk – Why Fed rate-cut hopes may be misleading

Rate-cut expectations vs. on-chain confirmation risk in Bitcoin’s macro cycle.

24 May 2026, 16:00

FTX Lawyers Pay $54M In Settlement Over Services Rendered To Exchange – Details

In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct tied to one of the largest financial frauds in US history. Fenwick Denies Knowledge Of FTX Illicit Activities Despite Settlement According to court filings as reported by Reuters, Fenwick & West served as a lead outside counsel for FTX during the exchange’s rapid expansion into a global crypto trading platform. Plaintiffs in the class action lawsuit alleged the firm “helped to craft and implement strategies that facilitated FTX’s fraud,” accusing the lawyers of assisting with regulatory and operational structures later tied to the misuse of customer funds. The proposed settlement agreement still requires approval from US District Judge K. Michael Moore in Miami. Attorneys representing FTX customers, including prominent litigator David Boies, argued the deal was reasonable and would prevent prolonged and costly litigation. However, Fenwick rejected allegations that it knowingly participated in fraudulent conduct. In a public statement, the law firm said it “was not aware of the fraud at FTX,” adding that it stood by the integrity of its legal work. The $54 million agreement marks the largest settlement in a second wave of FTX-related class action resolutions. Other settlements include an $11.75 million payment from former FTX auditor Prager Metis and a $420,000 settlement involving former Miami Heat player Udonis Haslem, who promoted the exchange. The Journey So Far FTX collapsed in November 2022 after revelations that an estimated $11- $13 billion in customer funds had allegedly been diverted to its sister trading firm, Alameda Research. The exchange’s bankruptcy triggered widespread panic across the digital asset market and erased $200 billion in global crypto market cap. In 2024, founder Sam Bankman-Fried was convicted on fraud and conspiracy charges and sentenced to 25 years in prison. Although he pleaded not guilty and has since appealed the conviction, claiming the initial trial was unfairly prejudiced against him. Meanwhile, the FTX Recovery Trust has continued efforts to reimburse affected creditors under the company’s Chapter 11 restructuring process. In March 2026, the estate announced a fourth distribution of approximately $2.2 billion, bringing cumulative repayments to eligible claimants close to $10 billion. Several customer classes, including many US-based users, have reportedly reached full or near-full recovery levels under the court-approved repayment plan.

24 May 2026, 15:59

ETH staking hits 39.1 million as price holds at $2,000

🚨 39.1 million ETH is now staked as $ETH stays at $2,000. Institutional demand for staking and tokenized assets remains high. Continue Reading: ETH staking hits 39.1 million as price holds at $2,000 The post ETH staking hits 39.1 million as price holds at $2,000 appeared first on COINTURK NEWS .

24 May 2026, 15:43

Kuantum and AI threaten blockchain, ETH and XRP at risk

🚨 Quantum computers and AI now threaten $ETH and other top blockchains. Even governments are collecting encrypted data to crack in the future with quantum power. ⚡️ Key point: Security in crypto will demand constant updates and new tech. Continue Reading: Kuantum and AI threaten blockchain, ETH and XRP at risk The post Kuantum and AI threaten blockchain, ETH and XRP at risk appeared first on COINTURK NEWS .