Latest from Stephen Alpher
Adam Back's bitcoin treasury firm scraps SPAC merger, seeks new deal
BSTR and Cantor Equity Partners will not complete their merger under the original July 2025 agreement, with the shareholder meeting postponed indefinitely.

Live markets: Bitcoin drops to $62,000 as oil and bond yields surge on collapse of Iran ceasefire
Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30.

SpaceX IPO powers record $3.86 billion in tokenized equities trading in June
SpaceX tokens captured $1.19 billion, or 31% of total monthly volume, with Backpack’s SPCX leading trading at $1.08 billion.

Vanguard opens search for digital assets leader in sign of evolving crypto strategy
The new role would oversee tokenization, stablecoins and blockchain initiatives as Vanguard reassesses digital assets.

AI trade loses steam as infrastructure boom faces reality check
Record earnings, rising competition and concerns over slowing AI spending are forcing investors to reassess one of the market's biggest trades.

Live markets: Iran returns to the headlines, hitting markets
Bitcoin and ether ETFs drew fresh inflows Monday as the bid starts to return.

Strategy selling hundreds of millions worth of bitcoin raises question about its capital-allocation playbook
First, it was a tiny amount of bitcoin sales; then, the purchase of several thousand BTC; and finally, today, the unloading of thousands of BTC. What's happening at Strategy?

Cantor says Strategy's recovery hinges on restoring STRC to par
Bringing Strategy's preferred shares back to $100 is key to restarting Strategy's capital engine, the bank said, with repeated management actions expected to support both preferred and common shareholders.

Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost
The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Michael Saylor's Strategy dramatically ups pace of bitcoin sales, raising $216 million
The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.

