MicroStrategy Buys $561M in Bitcoin as Nasdaq-100 Trading Debut Begins
The inclusion in the Nasdaq-100 was widely praised by Bitcoin proponents, with analysts pointing to the potential impact on trading volume and price.
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U.S. Supreme Court Reinstates Nvidia Crypto Sales Lawsuit
The lawsuit, originally filed in 2018 by a group of Nvidia shareholders, accuses the chipmaker of concealing over $1 billion in revenue tied to sales to crypto miners. The shareholders claim Nvidia’s CEO, Jensen Huang, downplayed the role of cryptocurrency demand in boosting GPU sales.
Vancouver Approves Motion to Explore Bitcoin Integration Into Municipal Finances
The motion, led by Mayor Ken Sim, was passed during a City Council Standing Committee meeting, initiating a feasibility study on accepting taxes and fees in Bitcoin and converting a portion of the city’s financial reserves into the cryptocurrency.
MicroStrategy’s Potential Inclusion in Nasdaq-100 Sparks Interest
Seyffart noted that the potential addition could attract at least $2.1 billion in share purchases by exchange-traded funds (ETFs), accounting for approximately 20% of MicroStrategy’s daily trading volume.
Microsoft Shareholders Reject Proposal to Add Bitcoin to Balance Sheets
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
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