Analysts are divided on 's Bitcoin sell-off, with most believing it does not affect the long-term HODL strategy.
June 1 – After MicroStrategy (ticker: MSTR) disclosed its first Bitcoin sale in four years, Wall Street analysts were divided on what the move signals for the company. Most agreed the transaction was tiny, far too small to upend its long-term strategy of accumulating Bitcoin.
Per the announcement, MicroStrategy sold 32 Bitcoin between May 26 and 31 at an average price of roughly $77,135, netting about $2.5 million to cover dividends on its high-yield perpetual preferred stock, STRC (nicknamed "Stretch"). As of the end of May, the company still held more than 843,700 Bitcoin—meaning this sale made up just 0.004% of its total holdings.
TD Cowen analyst Lance Vitanza said the market’s interpretation that this sale signals MicroStrategy is sharply cutting its Bitcoin position is off base. He noted the deal has minimal economic impact and won’t change the core of the company’s Bitcoin accumulation plan, so he’s standing by his $400 price target for MSTR stock.
Benchmark analyst Mark Palm
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The TON native token has been renamed Gram, while the blockchain name remains unchanged
June 1: Telegram founder Pavel Durov announced on his personal channel that the TON ecosystem has launched a brand upgrade initiative. The project’s native token will be renamed from TON to Gram—Gram was the original name for the TON project’s native currency in its whitepaper, with the renaming aimed at returning to the project’s original mission and ushering in a new stage of ecosystem development.
The brand transition is expected to be fully completed in roughly three weeks. During this period, relevant infrastructure, wallets, and ecosystem applications will be updated to reflect the new token name.
TON clarified that this adjustment only involves rebranding the native token. The TON blockchain network itself will continue operating under the name "TON (The Open Network)" and remains unaffected by the change.
The official statement noted that restoring the native token to Gram marks the fourth step in TON’s seven-step "Make TON Great Again" strategy, with additional ecosystem de
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The Strive Protocol plans to increase the funding cap for ASST and SATA AMM by $2.1 billion each.
June 1 — Strive is expanding its ASST and SATA At-The-Market (ATM) financing programs by $2.1 billion apiece, CEO Matt Cole announced, citing sustained market liquidity and investor demand for both securities. The move signals mounting investor interest in the two assets, Cole added.
Strive will publish an updated balance sheet tomorrow ahead of the U.S. market open, disclosing additional financial details and specifics on its capital allocation plans.
ATM financing lets public companies sell newly issued shares gradually via regular market trading, boosting financing flexibility and allowing firms to dynamically raise capital in line with current market demand.
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Coinbase is officially launching full trading for the META-USD and DRV-USD trading pairs
On June 1st, Coinbase Markets announced that the META-USD and DRV-USD trading pairs have entered full trading mode on both the Coinbase Exchange and Coinbase Pro platforms.
Users now can access all trading features—including limit orders, market orders, and stop orders—to buy and sell these assets.
This move is expected to further boost liquidity and market participation for both assets. Coinbase typically upgrades newly listed assets from transfer-only or limit-only trading stages to full trading mode after completing liquidity assessments and market stability tests.
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Bitwise Increases Holdings of 336,474 HYPE Tokens Again, Worth Approximately $24.43 Million
As of June 1, on-chain analytics firm lookIntoChain reports Bitwise has again purchased 336,474 HYPE tokens over the past 12 hours, with the acquisition valued at roughly $24.43 million.
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