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Crypto Titans Strike: $1B BTC Buy + Tron’s Wall Street Entry
Michael Saylor and Justin Sun are unstoppable
Hey crypto trailblazer, 👋
Bitcoin is rising once again while major players make big moves. Today we'll cover Michael Saylor’s Strategy scooping up even more Bitcoin, BTC surpassing $108K, and Tron’s Nasdaq deal driving community buzz.
🚀 Saylor’s Strategy Spends $1.05B More on Bitcoin
Michael Saylor’s Strategy (formerly MicroStrategy) continues its aggressive accumulation, purchasing an additional $1.05 billion worth of Bitcoin using preferred shares this week. This marks their third straight week funding BTC buys exclusively through preferred stock, doubling down on a Bitcoin treasury model anchored on leverage and structured capital raising.
Why it matters: Strategy now holds roughly 581,000 BTC valued at over $63 billion, making it the largest public Bitcoin treasury initiative.
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📈 Bitcoin Climbs Back Above $108K
Bitcoin surged past $108,000, reclaiming last week’s territory and testing resistance near its all-time high before slightly dipping. The rebound follows softer U.S. inflation data and renewed optimism over U.S.-China trade talks.
This optimism contrasted by geopolitical uncertainty make Bitcoin’s next move unclear but broader crypto market recovery is likely as long as Bitcoin holds $100K throughout the summer.
🛰️ Tron to Go Public via Reverse Merger with SRM
Justin Sun’s Tron is preparing to go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment, later rebranded Tron Inc.
The merger includes a $100 million TRX token purchase and may involve up to $210 million in crypto assets on the balance sheet. This model mirrors Strategy’s setup except with TRX instead of BTC, signaling a growing trend of public companies backing crypto assets directly.
With Strategy’s massive BTC buy, Bitcoin reclaiming key levels, and Tron entering the public arena, this week demonstrates how institutional, technical, and corporate narratives continue to drive crypto’s evolution.
Stay epic,
Epic Crypto News Team
DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.
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