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Crypto

SpaceX joins race as U.S. listed firms net buy 43,557 bitcoin in May

A competition among listed companies to hold bitcoin on their balance sheets continued in May, with firms sustaining large purchases despite bitcoin trading about 42 percent below its record high. Based on a BitcoinTreasuries.net corporate adoption report, listed firms added or newly disclosed 51,045 BTC in May, with net growth of 43,557 BTC after sales. The value was about $3.2 billion at the May 31 close. Strategy bought the most, while SpaceX drew attention by disclosing 18,712 BTC ahead of a planned IPO on June 12.

Crypto

French semiconductor firm Sequans to sell 658 bitcoins, end crypto treasury strategy

French semiconductor company Sequans Communications plans to halt its digital-asset treasury strategy and gradually sell its bitcoin holdings. The company holds 658 bitcoins worth about $48 million at the time of disclosure and said the holdings are unpledged and unrestricted. Sequans cited debt cleanup as a key driver and said it fully redeemed all convertible bonds issued in July 2025, partly funded by bitcoin sales. It will refocus on growing its IoT semiconductor business.

Crypto

SME firms buy 603 bitcoin during market dip as Strategy pauses purchases

Mid-sized bitcoin treasury firms stepped up buying during a market correction while major buyer Strategy paused purchases, according to Cointelegraph. The firms added a combined 602.6 bitcoin last week, worth about $46 million, with buying concentrated below $80,000. Strive bought 381.6 bitcoin, DDC Enterprise Limited added 200 and The Smarter Web Company purchased 19. Hyperscale Data bought 2. Spot bitcoin ETFs saw six straight sessions of net outflows totalling $1.54 billion through Friday.