Robinhood is eliminating 10% of its workforce as part of a broader restructuring effort aimed at flattening management layers and improving operational efficiency, with the company expecting to incur approximately $28 million in associated charges. The move signals a continued push by the retail brokerage and crypto trading platform to
BlackRock's new iShares Bitcoin Premium Income ETF (BITA) uses a covered call strategy to generate yield for investors, selling call options on up to 35% of its IBIT holdings while maintaining direct bitcoin exposure. Unlike standard spot Bitcoin ETFs that simply track price, BITA layers an options overlay
BlackRock has launched a new bitcoin ETF structure designed to let institutional investors generate returns by monetising bitcoin's price volatility, rather than simply holding the asset for appreciation. The product likely employs an options overlay or covered call strategy, allowing institutions to collect premiums in exchange for capping
Michael Saylor, executive chairman of Strategy, has argued that Bitcoin requires neither staking mechanisms nor inflationary rewards to generate returns for investors. Speaking publicly, Saylor outlined a five-layer framework he calls the 'Digital Asset Stack,' which structures value creation around Bitcoin through credit instruments and equity products
Michael Saylor's Strategy funded its latest Bitcoin acquisition partly through equity markets, raising $209 million via MSTR stock sales before deploying $100 million to buy 1,587 BTC. The purchase brings the firm's total holdings to 846,842 Bitcoin, cementing its position as the largest corporate
Monday's crypto ETF flow data revealed a split market: Bitcoin funds posted net outflows while every other major crypto ETF category recorded inflows. The Bitcoin outflow was largely attributable to Grayscale's GBTC product, which has consistently experienced redemptions since converting to an ETF structure, rather than
A prospective US-Iran nuclear agreement has pushed oil prices lower and boosted equities, but crypto markets are responding with caution rather than conviction. Bitcoin, ether, and solana are all seeing profit-taking as traders withhold fresh positioning until the deal is formally signed. The hesitant bounce in bitcoin comes
A convergence of geopolitical relief and institutional demand pushed Bitcoin to a two-week high near $67,000, with an Iran ceasefire reducing macro risk appetite while Strategy's $100 million Bitcoin purchase added direct buying pressure. The dual catalysts lifted crypto-related equities alongside Bitcoin's price,
Strategy's latest $100 million Bitcoin purchase continues a pattern that critics argue systematically dilutes common shareholders' effective exposure to the underlying asset. The company, formerly MicroStrategy, remains the world's largest corporate Bitcoin holder, but the acquisition method — likely funded through equity or debt issuance — has
Forward Industries, a publicly traded Solana treasury firm, has failed in all three of its recent attempts to merge with or acquire competing Solana treasury companies. The repeated rejections highlight growing tensions and competition within the niche but expanding sector of publicly listed firms that hold SOL as a primary
BitMine Immersion Technologies has significantly deepened its Ethereum treasury position, acquiring $139 million in ETH to bring its total holdings above 5.6 million Ethereum, now valued at over $10 billion. The purchase, backed by firm co-founder Tom Lee, comes ahead of the company's preferred share trading
Kraken has launched cryptocurrency perpetuals trading for US customers through its Kraken Pro platform, a move made possible by the exchange's acquisition of Bitnomial in May. Bitnomial holds full Commodity Futures Trading Commission licensing as an exchange, clearinghouse, and brokerage, giving Kraken the regulatory infrastructure needed to offer