Bitcoin fell to a 2026 low of $61,300, pressuring crypto stocks. MicroStrategy founder Michael Saylor attributed the decline not to BTC weakness but to capital flowing into AI equities and the upcoming SpaceX IPO.
SoFi Technologies announced the launch of SoFiUSD, a 1:1 USD-pegged stablecoin available on Ethereum and Solana, now live for its 14.7 million members. Issued by OCC-regulated SoFi Bank, N.A., the stablecoin is backed by liquid assets and undergoes regular independent audits. The move marks the first time a U.S. national bank has embedded its own stablecoin directly into a banking application.
On June 3, several publicly listed companies worldwide disclosed their latest Bitcoin treasury expansion, share buyback, and mega debt financing authorizations. Key moves include Strive's $185.2 million purchase of 2,500 BTC and Capital B's bid for up to €100 billion in debt instruments.
In a historic shift, Strategy sold 32 BTC for the first time to cover preferred dividends, CME launched around-the-clock crypto futures and options, and Capital B of France added 4 BTC to its treasury.
