Strategy adds 3,459 Bitcoin, Kraken expands to stocks and forex, SEC drops CyberKongz case | Weekly Recap
Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Kraken’s expansion into traditional financial products, and another SEC investigation closure.
Strategy acquires additional 3,459 Bitcoin
The company formerly known as Strategy purchased approximately 3,450 Bitcoin BTC2.02%Bitcoin worth $292 million last week.
This third consecutive Monday announcement brings Strategy’s total holdings to 531,644 Bitcoin, currently valued at $45.07 billion.
The company paid a price of $82,618 per BTC in this latest purchase.
Kraken expands to stocks and forex trading
Kraken has started to offer commission-free stock and ETF trading in certain U.S. states and the District of Columbia.
Kraken also launched two foreign exchange perpetual futures contracts, GBP/USD and EUR/USD, on its Derivatives platform with up to 20x leverage.
SEC closes CyberKongz investigation
CyberKongz announced on Tuesday on X that the Securities and Exchange Commission (SEC) has closed its investigation into the project.
The NFT collection also revealed plans for a “rebrand” following the regulatory closure.
Healthcare firm files to fund Bitcoin purchases
Nasdaq-listed Semler Scientific (SMLR) submitted a registration statement with the SEC to offer $500 million in securities, with proceeds intended to fund Bitcoin acquisition and other purposes.
The Tuesday S-3 filing shows the company plans to sell securities up to an aggregate value of $500 million across multiple offerings.
OKX announces US market entry
The Seychelles-based cryptocurrency exchange revealed plans to launch both a centralized trading platform and its OKX wallet in the United States.
As part of this expansion, the company established regional headquarters in San Jose, California, and appointed former Morgan Stanley and Barclays executive Roshan Robert as U.S. CEO.
