Crypto Compass by BitcoinWalletSG #126

Strategy Loads $1 B in Bitcoin Amid Israel‐Iran Escalation 🛡️ ? Read it in our weekly newsletter now!

Author

BitcoinWallet SG
June 17, 2025

Hello Fam,

Geopolitical tensions in the Middle East flared again this week, rattling global markets and injecting volatility into crypto. While traditional risk assets wavered, Bitcoin held firm above $106K—reinforcing its emerging role as a macro hedge. However, with uncertainty rising and market sensitivity high, even crypto is not immune to sharp swings as capital shifts defensively.

🛡️ Strategy Loads $1 B in Bitcoin Amid Israel‑Iran Escalation

Strategy, backed by Michael Saylor, acquired 10,100 BTC (~$1B) last week at an average of $104K. The move aligns with its Nasdaq-listed Bitcoin-backed stock launch and brings its total holdings to over 592K BTC. The timing coincided with rising Middle East tensions, reinforcing Bitcoin’s appeal as a macro hedge. Strategy’s BTC stash now has an average cost basis of $70,666.

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📣 Tron Goes Public via $210M Reverse Merger

Justin Sun’s Tron is set to go public through a $210 million reverse merger with Nasdaq-listed SRM Entertainment. The transaction follows a paused SEC probe and includes a strategic token treasury component. Upon completion, Tron aims to enhance transparency and access via its new public listing.

🗽Truth Social Bids to Launch Spot Bitcoin ETF

Trump Media & Technology Group, the parent company of Truth Social, has filed for a spot Bitcoin ETF. The SEC filing marks the firm’s continued pivot into digital assets and reinforces its strategy of expanding crypto exposure beyond its platform.

⚽ WhiteBIT Token Rockets on Juventus Sponsorship

WhiteBIT's token (WBT) climbed over 30%, reaching a new all-time high above $52, after the exchange signed a three-year sponsorship deal with Juventus. The agreement makes WhiteBIT the club’s official sleeve sponsor and exchange partner, pushing its market cap to around $7.4 billion.

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