Daily Crypto Roundup: Strategy Rebounds as AI Bubble Fuels $1M Bitcoin Prediction

Strategy’s high-yield STRC preferred stock has rebounded by more than 30% as the company builds a $4 billion cash reserve and sells a small portion of its enormous Bitcoin holdings.

We examine whether these Bitcoin sales contradict Michael Saylor’s long-standing strategy or demonstrate that the company can responsibly manage its treasury while protecting dividend payments.

Arthur Hayes also believes the artificial-intelligence credit boom could eventually collapse, trigger another enormous government bailout and create the monetary conditions needed to send Bitcoin toward $1 million.

Elsewhere, the $114 million Coldcard exploit could push more investors toward Bitcoin exchange-traded funds and regulated custodians, while Ondo Finance hires former Blockchain.com chief financial officer Adam Schlisman as its tokenized-finance platform continues expanding.

We also cover the latest prices for Bitcoin, Ethereum, XRP, BNB, Solana, Cardano and Hyperliquid.

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