Bitcoin Soars Beyond $110,000 as Institutional and Political Backing Intensifies

In a landmark surge, Bitcoin has reclaimed the $110,000 threshold, driven by aggressive accumulation from corporate treasuries and tacit approval from U.S. political figures. This resurgence underscores a broader institutional pivot toward digital assets, as inflation and geopolitical tensions continue to erode confidence in traditional reserves. Notably, MicroStrategy's 2020 decision to allocate treasury reserves to Bitcoin now appears prescient, setting a precedent for corporate adoption. The cryptocurrency's bullish momentum reflects growing recognition of its role as a hedge against macroeconomic instability, with analysts projecting further gains as institutional interest escalates.

Bitcoin Surges Past $110,000 Amid Corporate and Political Support

Bitcoin has reclaimed the $110,000 threshold, fueled by aggressive accumulation from corporate treasuries and tacit approval from U.S. political figures. The cryptocurrency's resurgence reflects a broader institutional pivot toward digital assets as inflation and geopolitical tensions erode confidence in traditional reserves.

MicroStrategy's landmark 2020 decision to allocate treasury reserves to bitcoin now appears prescient. The company's initial $425 million investment has ballooned to a $63 billion position, inspiring over 100 corporations to collectively hold 3% of Bitcoin's circulating supply. This institutional wave coincides with regulatory advancements that are gradually legitimizing crypto in traditional finance corridors.

The rally demonstrates Bitcoin's evolving role from speculative asset to macroeconomic hedge. As European nations challenge dollar hegemony alongside BRICS nations, corporate treasurers are increasingly viewing Bitcoin as a non-sovereign store of value—a sentiment echoed in Michael Saylor's recent proclamations about Bitcoin's institutional future.

Bitcoin Miner IREN to Raise $450M Through Convertible Debt Offering

Bitcoin and AI data center operator IREN announced plans to raise $450 million via a private sale of convertible senior notes. The unsecured notes, due in 2029, will be offered to qualified institutional buyers and could expand by an additional $50 million if initial purchasers exercise an optional allotment.

The notes will pay semiannual interest and are convertible into IREN’s ordinary shares under specific conditions. The company retains the option to redeem the notes starting mid-2028 if its stock trades 30% above the conversion price for a predetermined period.

Proceeds will fund capped call transactions and a prepaid forward share repurchase—strategies designed to mitigate equity dilution and market risk. These hedges aim to limit the impact of future note conversions and potentially stabilize IREN’s share price by curbing new share issuance.

Earlier this year, IREN pivoted from Bitcoin mining expansion to focus on AI data centers. Shares fell 6.8% in premarket trading following the announcement.

$STRD Debuts on Nasdaq as Bitcoin-Backed Preferred Stock

Strategy's Bitcoin-backed preferred stock, $STRD, commenced trading on Nasdaq today, marking the third installment in the firm's innovative financial products. Designed for fixed-income investors, the offering combines traditional yield structures with Bitcoin's collateral security, bridging crypto and conventional finance.

The product targets institutional and retail investors seeking regulated exposure to cryptocurrency-backed income streams. By leveraging Bitcoin's liquidity and Nasdaq's established platform, Strategy aims to demystify crypto investments for traditional markets.

Bitcoin Touted as Hedge Against AI-Driven Job Displacement, Altcoins Gain Attention

As artificial intelligence accelerates its disruption of traditional labor markets, prominent voices are advocating Bitcoin as a strategic hedge. Anthropic CEO Dario Amodei warns AI may eliminate 50% of entry-level white-collar jobs within five years—a prediction echoed by Strive Asset Management's Matt Cole, who draws parallels to the internet's decimation of half the S&P 500 between 1990-2020.

Cole positions Bitcoin as a defensive asset against this economic upheaval, noting its finite supply contrasts with AI's deflationary pressure on human labor. The narrative is fueling renewed institutional interest in BTC while driving retail investors toward altcoins as lower-cost alternatives.

Historical precedent looms large in the analysis. Just as early internet adoption created trillion-dollar winners amid widespread corporate failures, the AI revolution may similarly concentrate value—with crypto assets potentially capturing displaced capital flows.

Bitcoin Holds Near $110k as Cooling US Inflation Data Fuels Rate Cut Speculation

Bitcoin edged 0.5% higher to $109,600 following a softer-than-expected US inflation report, maintaining its three-day consolidation between $109,000 and $110,000. The May CPI showed headline inflation at 2.4% year-over-year, while Core inflation dipped to 2.8% - both missing consensus estimates.

Energy prices drove the disinflationary trend, with gasoline plunging 2.6% monthly. Persistent shelter costs (+0.3%) prevented steeper declines. Market participants now anticipate increased Federal Reserve dovishness, though BTC remains below its $111,900 all-time high from late May.

Mercurity Fintech Announces $800M Bitcoin Reserve Strategy and Russell Index Inclusion

Mercurity Fintech Holding Inc. is making a bold MOVE into digital asset management with an $800 million financing plan to establish a long-term Bitcoin treasury reserve. The blockchain-powered fintech group aims to leverage institutional-grade custody solutions and staking mechanisms to generate yield from its BTC holdings while strengthening its balance sheet.

The strategic shift aligns with CEO Shi Qiu's vision of Bitcoin's growing role in financial infrastructure. "We are positioning our company to be a key player in the evolving digital financial ecosystem," Qiu stated, underscoring the firm's commitment to decentralized finance protocols.

In a parallel development, MFH is poised for inclusion in the Russell 3000® and Russell 2000® Indexes following this month's reconstitution. The upgrade from the Russell Microcap Index could significantly enhance the company's visibility among institutional investors and index-tracking funds.

This initiative reflects a broader trend of public companies incorporating Bitcoin as a strategic asset. Corporate interest in digital assets continues to grow, with more firms allocating cryptocurrency to their reserves as part of long-term treasury strategies.