Almost a month after Michael Saylor’s Strategy helped push bitcoin down about 20% in a week by selling just 32 bitcoins for $2.5 million, the company announced it may sell far more aggressively. In an 8-K filing with the U.S. Securities and Exchange Commission, Strategy on June 29 announced its Digital Credit Capital Framework, allowing it to sell as much as $1.25 billion worth of bitcoin to build its cash reserve, pay dividends, and fund stock buybacks. Despite that, Strategy plans to maintain its long-term strategy of aggressively building its bitcoin treasury, currently at 847,363 BTC. While the sale of 32 bitcoins represented just 0.004% of its holdings, the shock…
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Coinbase Report Has Five Scenarios for Beating Bitcoin Quantum Threat
Burning some 1.7 million BTC is among the solutions
Crypto exchange Coinbase’s Quantum Advisory Council has released a report calling for the Bitcoin community to start work now on quantum-proofing the world’s largest cryptocurrency. It found that approximately seven million bitcoins are at risk of quantum theft, which could happen when quantum computers become powerful enough to break Bitcoin’s encryption. How far off that is remains a matter of debate, with some experts saying it’s at least a decade off. Others disagree. Google has set a 2029 deadline for quantum-proofing all of its encryption, citing the accelerating speed of advancements in the field. While those seven million bitcoins include some 1.7 million produced in the early days of the…
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Couple Get First Bitcoin-Backed Fannie Mae Mortgage
Buyers used bitcoin collateral for downpayment without selling
An Ann Arbor, Mich., couple have become the first to receive a traditional Fannie Mae-backed mortgage using bitcoin collateral for a downpayment. Joe and Amy, in their early 30s, were ready to buy their first home but had most of their savings invested in bitcoin, and did not want to sell, giving up potential future upside while paying capital gains taxes. They found a mortgage from Coinbase and Better Home & Finance Holding Company, which are offering Fannie Mae-backed mortgages to people who meet all eligibility requirements except the cash downpayment, as their assets are tied up in cryptocurrency rather than traditional savings. “The 30-year fixed mortgage was designed for…
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Celebrating Bitcoin Pizza Day 2026!
Remembering Laszlo Hanyecz’s infamous pizza-for-bitcoin trade
Every May 22, the cryptocurrency industry celebrates the anniversary of Laszlo Hanyecz’s famous and infamous pizza-for-bitcoin trade. In 2010, the Florida-based programmer and early adopter of bitcoin offered 10,000 bitcoins if someone would buy him two pizzas. Jeremy Sturdivant took him up on the offer and had two pies — one pepperoni and one Supreme — from a local Papa John’s delivered to Hanyecz’s house for $41 dollars worth of bitcoin. It was the first time bitcoin had been used commercially for its intended purpose as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through…
