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Crypto

Crypto card spending jumps 140 percent this year on stablecoin spread

Crypto card payment processing rose to a record $12.5 billion, up 140 percent from the start of the year, Bitcoin Magazine reported, citing paymentscan.xyz. The market sees stablecoins becoming payment infrastructure and rising demand for cheaper, faster cross-border transactions. Jupiter Spend’s active cards rose 55 percent from the prior quarter. Fold Holdings began issuing its Fold Bitcoin Credit Card to some waitlist users. Aven unveiled a bitcoin-collateral Visa card with loans up to $1 million.

Crypto

Strategy shares fall below $100 for first time since March 2024

Strategy shares fell below $100 on June 24 for the first time since March 2024, down more than 80 percent from a peak near $474 last November. Bitcoin Magazine said the drop signals renewed scrutiny of the company’s bitcoin-focused financial strategy. Bitcoin trades around $61,000, below Strategy’s average purchase price of about $75,656. The company holds 847,363 BTC, valued at about $53 billion, against total investment around $64 billion.

Crypto

U.S.-listed Nakamoto exits healthcare business, completes shift to bitcoin operations

Nakamoto, a Nasdaq-listed company, has ended its medical clinic operations, effectively completing its shift to a bitcoin-focused business. The company said its clinic closed on June 19 and that remaining administrative procedures will be completed in the third quarter of 2026. Nakamoto plans to focus on bitcoin holdings and its media, asset management and advisory businesses. It posted a first-quarter net loss of $238.8 million and holds 4,467 bitcoin.