@CoinMarketCap Market Pulse | Weekend

Highlights this week:

Michael Saylor’s Strategy acquires another 6,220 BTC for a total of $740M, bringing their total holdings to 607,770 #BTC .

Strategy introduces STRC, a new series of 5M shares of Preferred Stock, for the purchase of Bitcoin, with a planned annual dividend rate of 9%.

Leading #ETH treasury company, SharpLink Gaming, announces the acquisition of 79,959 ETH over the past week, with $96.6M remaining for further purchases.

Narrative of the week 📰

MEI Pharma announces a $100M PIPE investment to establish a digital treasury strategy centred around $LTC , with Litecoin founder, Charlie Lee, joining the Board.

TGLY Acquisition Corp announces a $360M PIPE investment in the company to set up a treasury strategy centered around Ethena’s governance token, $ENA .

Nasdaq-listed Bit Origin is set to raise $500M through stock and convertible debt sales to acquire $DOGE as a treasury asset.

DEFI Brief 🏦

Anchorage Digital partners with Ethena Labs to bring their stablecoin, USDtb, into the US, fully complaint with the newly enacted GENIUS Act for #Stablecoins .

Trump-backed #WorldLibertyFinancial , announces a new vesting schedule on presale token buyers, much to the disappointment of token holders.

Fluid introduces Fluid #DEX Lite, a credit layer built on top of Fluid to optimize gas usage as well as generate additional fees for the platform.