MSTR News & Events

SoFi Technologies made history as the first U.S. national bank to put a chartered stablecoin directly into consumers' hands, opening SoFiUSD to nearly 15M app users for buy, sell, hold, and convert, a structural milestone that redraws the competitive map for fintechs, traditional banks, and stablecoin issuers alike. On the treasury front, DDC Enterprise and Genius Group both added to or expanded their bitcoin strategies. In infrastructure, TeraWulf closed a 1 GW-capable Kentucky data campus acquisition and IREN committed approximately $1.6B to Dell Technologies for Blackwell GPU hardware to power a $3.4B AI cloud contract. Streamex and Orca went live with 24/7 on-chain secondary market trading for a tokenized gold security on Solana, an early proof-of-concept for always-on real world asset liquidity. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.SOFI'S STABLECOIN GOES LIVE:SoFi Technologiesmade SoFiUSD available to its nearly 15M app members for buy, sell, hold, and convert functions inside the SoFi app, with full rollout expected by early June,confirmed. The stablecoin is issued under SoFi's national bank charter, giving it a regulatory distinction no other consumer stablecoin currently holds. The bank-charter backing separates SoFiUSD from non-bank stablecoin issuers such as Circle'sUSD Coinand Tether, placing SoFi Technologies at the intersection of the pending GENIUS Act stablecoin framework and the chartered-bank regulatory channel.framed the key investor question as whether mass retail adoption will materialize for a bank-digital-dollar product competing against embedded fintech wallets already in users' daily flows.BITCOIN TREASURY MOVES:DDC Enterprisedisclosed its second bitcoin purchase in seven days, adding 131 bitcoin to bring its corporate treasury to 2,714 bitcoin, with no new common shares issued in connection with the buy,revealed. The sequential non-dilutive accumulation lifted bitcoin per 1,000 DDC Enterprise shares by 5.1% to 0.057053, a per-share bitcoin yield metric DDC Enterprise has adopted directly from the Strategyplaybook.Genius Groupalso moved, with its board approving a dual bitcoin and AI treasury model targeting an initial $100M deployment into a pre-IPO portfolio it calls the AGI Infinity Portfolio, with a five-year target of $800M,announced, naming SpaceX, OpenAI, Anthropic, Figure AI, Replit, Anduril, and Databricks as target exposures.MINER AND INFRASTRUCTURE EXPANSION:TeraWulfclosed the acquisition of the Muskie Data Campus in eastern Kentucky from Industrial Equity Partners effective May 22, adding a 285-acre site capable of supporting more than 1 GW of AI/HPC data center capacity,disclosed. Kentucky Power, a unit of American Electric Power, is constructing a 345 kV substation connected to the 765 kV transmission backbone, with the first 500 MW tranche targeted for the second half of 2028 and the next 500 MW for the second half of 2030.IRENentered into an approximately $1.6B purchase agreement with Dell Technologiesfor air-cooled NvidiaBlackwell GPU systems to service its previously announced $3.4B five-year managed services AI cloud contract,revealed. The systems will deploy at IREN's Childress, Texas campus with commissioning targeted for early 2027, at which point the company expects its AI cloud annualized recurring revenue to rise from $3.7B to $4.4B.TOKENIZED ASSETS GO 24/7:Streamexand Solana-based automated market maker Orca launched continuous decentralized secondary market trading for GLDY, a gold-backed, yield-bearing tokenized security,. The structure provides institutional on-chain liquidity around the clock through a real-world asset tokenization model that bypasses traditional exchange hours. The deployment represents an early live example of the tokenized-security infrastructure that large custodians and broker-dealers have been positioning toward, with continuous pricing and settlement removing the settlement-cycle friction that has been a practical barrier for institutional RWA adoption. Solanaserves as the underlying settlement layer.PRICE ACTION:As of time of writing, bitcoinwas trading at $74,894.59, while etherwas trading at $2,059.21,.

Cboe data suggests bullish flow in MicroStrategy (MSTR), with shares up $2.90, or 1.81%, near $162.79. Options volume relatively light with 161k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 2.4 points near 64.41,and below the 52wk median, suggesting an expected daily move of $6.60. Put-call skew flattened, suggesting a modestly bullish tone.

With U.S. equity markets back online following the Memorial Day long weekend, the corporate cryptocurrency tape wasted no time. Strategy disclosed the retirement of $1.5B in convertible debt at a discount to par while updating its bitcoin treasury position, JPMorgan Chase priced two new bitcoin-linked structured note offerings, Bitcoin Depot was formally suspended from Nasdaq trading following its Chapter 11 filing, and infrastructure announcements arrived from Core Scientific and Hyperscale Data. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.STRATEGY CAPITAL STRUCTURE UPDATE:Strategycompleted the repurchase of $1.5B face value of its 0% Convertible Senior Notes due 2029 for approximately $1.38B in cash, nearly an 8% discount to par, asconfirmed. The transaction, which settled around May 19, was funded through a combination of cash, ATM proceeds, and bitcoin-related resources, leaving roughly $1.5B of the 2029 notes still outstanding.Last week, Strategy announced a purchase of nearly 25,000 bitcoin, funded by $1.949B in proceeds from sales of STRC preferred shares and $83.7M of common stock. Their purchase was made at an average of $80,985 per coin, bringing its total holdings to 843,738 bitcoin at an aggregate cost basis of $63.87B, or $75,700 per coin on average. The company reported a year-to-date bitcoin yield of 13.3% and disclosed a $871M USD reserve, with remaining ATM capacity spanning more than $51B across its five preferred and common equity programs.JPMORGAN BITCOIN STRUCTURED NOTES:JPMorgan Chasepriced two separate bitcoin-linked structured note offerings today, settling on or around May 29, asrevealed. The first is a set of Auto Callable Accelerated Barrier Notes tied to the iShares Bitcoin Trust ETF managed by BlackRock, maturing June 1, 2029, with 1.50x upside leverage, a 70% downside barrier, and a call premium of at least $185 per $1,000 face value, callable on June 1, 2027 if the ETF finishes at or above its initial value.The second offering links to the MerQube Bitcoin Vol Advantage Index, which applies a 6% annual daily deduction, and carries a contingent interest rate of at least 11.50% per annum, a 60% interest and trigger barrier, and a five-year maturity through May 30, 2031, with quarterly auto-call provisions beginning no earlier than November 27. Together, the two pricings signal continued demand for bank-structured, yield-bearing bitcoin exposure products among wealth management and institutional channels, even as implied bitcoin volatility fell to a nine-month low near the levels last seen in September 2025, per.BITCOIN DEPOT DELISTED:Bitcoin Depotwas suspended from Nasdaq trading at the open today after the ATM operator filed Chapter 11 bankruptcy on May 17 with 15 affiliated entities, for a total of 16 debtors, and failed to timely submit its Q1 Form 10-Q, asdisclosed. Nasdaq filed a Form 25-NSE to delist Bitcoin Depot's Class A common stock and warrants, with the removal effective ten days after filing. The company does not intend to appeal, and equity holders were warned of the potential for a complete loss of value.BITCOIN TREASURY MOVES:Hyperscale Datareported its bitcoin treasury reached roughly 700 bitcoin, valued at approximately $53.9M based on the May 24 closing price of $76,981 per coin, after its Ault Capital Group, or ACG, subsidiary acquired roughly 2 bitcoin in the open market during the week ended May 24, asshowed. Management reiterated its intent to fully deploy remaining allocated cash into bitcoin over time, and noted that ACG's divestiture is targeted for Q2 2027 as the company pivots toward AI data center operations.INFRASTRUCTURE AND MINING:Core Scientificnamed Steve Smith to its board of directors, the company. Smith is the current CEO of Zayo Group and former CEO of Equinix, where he grew revenue from approximately $400M to more than $4B, a background that aligns directly with Core Scientific's large-scale AI colocation expansion underway. The appointment adds seasoned data center infrastructure expertise as the company competes for hyperscaler contracts.PRICE ACTION:As of time of writing, bitcoin was trading at $77,510.58, while ether was trading at $2,128.83,.