Binance Wallet integrated the Sonic network, enabling its users easy access to this EMV-compatible chain.

Binance Web3 Wallet integrates Sonic blockchain, enabling airdrops

Strategy posted a $4.2B Q1 loss but plans to raise $21B through equity to keep 
expanding its Bitcoin holdings.
The post Strategy reports $4.2B loss but aims to raise $21B to buy more 
Bitcoin appeared first on Crypto Briefing.

Strategy reports $4.2B loss but aims to raise $21B to buy more Bitcoin

The bitcoin development community is divided over a proposal to remove certain 
guardrails designed to deter the use of its blockchain for storing arbitrary 
data (or &#8216;spam&#8217;). Some developers argue that this change will impact the 
future of bitcoin, while others assert that it is already happening. &#8216;Spam&#8217; 
Drama Grows: Is Bitcoin Destined to Save […]

Facilitating Spam Attacks or Nothing Burger? Drama Ensues Over Changes to This Bitcoin Guardrail Feature

Michael Saylot&#8217;s tech firm Strategy has earned shareholders a Bitcoin yield of 
13.7% in the year-to-date, the company said in its May 1 earnings report.
That equates to a Bitcoin gain of more than 61,000 Bitcoin (BTC), worth 
approximately $5.8 billion, according to the company. Bitcoin yield and 
Bitcoin gain are unofficial accounting metrics that Strategy uses to benchmark 
the success of its BTC buying strategy.
Bitcoin yield measures the ratio of Strategy&#8217;s Bitcoin holdings to the number 
of outstanding shares of its stock, MSTR. Bitcoin gain quantifies that figure 
in terms of accrued Bitcoin, Strategy said in February.
&#8220;We are increasing our 2025 &#8216;BTC Yield&#8217; target to 25% and our 2025 &#8216;BTC $ 
Gain&#8217; target to $15 billion,&#8221; Andrew Kang, Strategy&#8217;s chief financial officer, 
said in a statement.
Strategy generated a Bitcoin yield of 11% and a Bitcoin gain of nearly 50,000 
BTC in the first quarter of 2025, it added. The company also announced plans 
to offer an additional $21 billion worth of stock to finance future Bitcoin 
buys.
_Strategy &#8216;s earnings call highlights. Source: __Strategy_
 _**Related: **__**Bitcoin, showing &#8216;signs of resilience&#8217;, beats stocks, gold 
as equities fold &#8212; Binance**_
## Bitcoin buying spree
Shares of MSTR are up more than 27% in the year-to-date to around $381 on May 
1, according to data from Google Finance. The stock is still trading below 
November highs of more than $470 per share.
Since starting its Bitcoin buying spree in 2020, Strategy has accumulated a 
total of more than 550,000 BTC, costing the company nearly $38 billion, 
according to its earnings report.
The purchases equate to an average price of approximately $68,500 per Bitcoin. 
As of May 1, Strategy&#8217;s treasury is worth more than $53 billion.
Industry executives say institutional Bitcoin buying &#8212; including from 
corporate buyers such as Strategy &#8212; could eventually price retail investors 
out of the market.
As of May 1, public companies hold upward of $73 billion worth of Bitcoin in 
aggregate, according to data from BitcoinTreasuries.NET. Bitcoin ETFs and 
other institutional funds hold another roughly $128 billion, the data shows.
_**Magazine: **__**Pok emon on Sui rumors, Polymarket bets on Filipino Pope: 
Asia Express**_

Strategy touts 13.7% YTD Bitcoin yield in earnings print

A Texas member of the US House of Representatives has proposed that government 
officials consider installing cryptocurrency ATMs in federal buildings across 
the country.
In a May 1 letter to Stephen Ehikian, the acting administrator of the General 
Services Administration (GSA) &#8212; the entity responsible for managing the US 
government&#8217;s properties &#8212; Rep. Lance Gooden claimed that introducing crypto 
ATMs to federal buildings would serve as an &#8220;educational resource&#8221; and reflect 
advances in financial technology. He requested that the GSA begin exploring 
the necessary guidelines and regulations needed to install such ATMs in 
government-controlled properties across the US, citing alignment with 
President Donald Trump&#8217;s goals.
_May 1 letter pitching crypto ATMs to GSA. Source:__Rep. Lance Gooden_
According to financial disclosure reports filed with the US House of 
Representatives, Gooden had held no investments in cryptocurrency or ATM 
companies since taking office in 2019. He had not yet filed any financial 
disclosures with the government for 2025 investments.
The GSA website stated it may provide space to ATMs from federal credit 
unions, but it was unclear whether the acting administrator had the authority 
to expand the regulations to include digital asset ATMs tied to private 
companies like Bitcoin Depot or CoinFlip. Cointelegraph reached out to 
Gooden&#8217;s office for comment but did not receive a response at the time of 
publication.
_**Related:**__**Eric Trump: USD1 will be used for $2B MGX investment in 
Binance**_
Gooden, a Republican and Trump supporter, made the proposal as lawmakers in 
the US Senate consider legislation to crack down on fraud through crypto ATMs. 
In February, Illinois Senator Dick Durbin introduced the Crypto ATM Fraud 
Prevention Act, aimed at placing &#8220;common sense guardrails&#8221; against fraud 
affecting many senior citizens.
## Who would ultimately make the decision?
It&#8217;s unclear whether Ehikian, a Trump appointee, would have the authority to 
unilaterally &#8212; or even with the president&#8217;s approval &#8212; install the crypto 
ATMs without an act of Congress to authorize funding. Cointelegraph reached 
out to the GSA for comment but did not receive a response at the time of 
publication.
Trump has significant exposure to cryptocurrencies and digital asset firms 
through his personal holdings, presidential campaign funds, family-backed 
businesses, and the TRUMP memecoin. In April, the president announced a dinner 
in DC for top holders of his memecoin.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

US lawmaker proposes crypto ATMs in federal buildings

Anthony Pompliano’s blank-check firm, Procap Acquisition Corp., has filed with 
the U.S. Securities and Exchange Commission (SEC) to raise $200 million in an 
initial public offering (IPO). Pompliano-Led ProCap to Hunt for Fintech 
Targets With $200M War Chest Procap Acquisition Corp., incorporated in the 
Cayman Islands and led by Anthony Pompliano as chief executive officer, […]