Token Events

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Strategy Reports $12.54 Billion Q1 Loss on Bitcoin Markdown as STRC Raises $5.58 Billion

According to Strategy's Q1 earnings report released Tuesday (May 6), the bitcoin treasury company reported a $12.54 billion net loss, primarily driven by a $14.46 billion unrealized markdown on its bitcoin holdings as prices fell over 25% during the quarter. Despite the loss, executives highlighted
BTC-1.36%
GateNews·05-06 05:49
Strategy Reports $12.54 Billion Q1 Loss on Bitcoin Markdown as STRC Raises $5.58 Billion

Michael Saylor first said he may sell Bitcoin, injecting a “shot in the arm” into the market

During Strategy’s first-quarter earnings call held on May 6, Chairman Michael Saylor said the company may sell some Bitcoin (BTC) to pay dividends, saying the move is intended to “inject a shot of confidence into the market” to signal the company’s normal operations. Strategy reported a net loss of $12.5 billion for the quarter.
BTC-1.36%
PENDLE-3.14%
MarketWhisper·05-06 05:31
Michael Saylor first said he may sell Bitcoin, injecting a “shot in the arm” into the market

KAIO Launches TGE Today With 10 Billion Token Supply

According to Odaily, RWA tokenization protocol KAIO launched its token generation event (TGE) today, May 6. The protocol announced a total token supply of 10 billion, with community and liquidity incentives representing 37.5% of allocations, the largest share. The foundation receives 17% for
GateNews·05-06 02:00
KAIO Launches TGE Today With 10 Billion Token Supply

Bitwise CIO Projects Stablecoin Supply Could Reach $4 Trillion by 2030 as DoorDash, Meta Launch Payout Tests

According to Bitwise Chief Investment Officer Matt Hougan in a note to clients on Tuesday, large technology platforms testing stablecoin-based payouts could drive the asset class to $4 trillion by 2030, up from around $300 billion today. DoorDash is partnering with Stripe to test stablecoin payouts
USDC0.04%
SOL-3.13%
GateNews·05-06 01:53
Bitwise CIO Projects Stablecoin Supply Could Reach $4 Trillion by 2030 as DoorDash, Meta Launch Payout Tests

Drift announces a $295 million hacker incident recovery plan, compensating attacked wallets based on losses

According to Drift Protocol’s official announcement published on X on May 6, Drift Protocol has officially launched a user recovery plan for the April 1 hack: each affected wallet will receive a “Recovery Token,” with each token corresponding to $1 of verified losses, as a proportional claims certificate for the recovery pool.
DRIFT-0.79%
ETH-1.76%
WBTC-2.89%
MarketWhisper·05-06 01:17
Drift announces a $295 million hacker incident recovery plan, compensating attacked wallets based on losses

MicroStrategy saw a huge Bitcoin loss of $14.4 billion in Q1, and Saylor softened his stance on selling BTC to pay out high dividends.

MicroStrategy releases its Q1 financial report. Dragged down by unrealized losses on Bitcoin, revenue was $124.3 million, operating loss was $14.47 billion, net loss was $12.54 billion, and EPS was -$38.25. Unrealized loss on BTC was $14.46 billion; global holdings exceed 818k BTC, with liquidity of about $2.25 billion. Founder Saylor said it may sell a small amount of BTC to pay the 11.5% annual interest on STRC, and buy BTC through preferred equity financing; if BTC rises, it would sell part again to maintain shareholder returns, while core HODL remains unchanged.
BTC-1.36%
ChainNewsAbmedia·05-06 00:35
MicroStrategy saw a huge Bitcoin loss of $14.4 billion in Q1, and Saylor softened his stance on selling BTC to pay out high dividends.