Crypto Currents: Strategy buys $1B in bitcoin as digital asset treasuries grow

The collapse of U.S.-Iran ceasefire talks pushed oil prices back up and has been keeping bitcoin (BTC-USD) pinned near the $70,500 support level. Meanwhile, a Polkadot (DOT-USD) bridge exploit added further headwinds for cross-chain infrastructure investors. Stay current on the crypto news that matters with “Crypto Currents,” daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.

STRATEGY EXTENDS BITCOIN ACCUMULATION WITH $1B BUY, BITMINE REACHES ETHER HOLDINGS OVER 4% OF CIRCULATING SUPPLY: Strategy filing this morning that it acquired 13,927 bitcoin for roughly $1B during the week of April 6-12, at an average price of $71,902 per coin, lifting its total treasury to 780,897 bitcoin at an aggregate cost of approximately $59.02B, or $75,577 average. The purchase was funded entirely by selling 10.03M shares of its STRC preferred stock for net proceeds of about $1.001B, with no dilution to MSTR common shares this cycle. Founder Michael Saylor confirmed the purchase on X, noting a 5.6% bitcoin yield year-to-date in 2026 and a breakeven annual return rate of about 2.05%.

On the ether (ETH-USD) side, treasury giant Bitmine Immersion Technologies regulatory filing that its total ether holdings stand at 4.875M ether, roughly 4.04% of total circulating supply, valued near $10.75B at $2,206 per token. 3.33M of their owned ether valued at $7.4B is actively staked. The company also holds 198 bitcoin, $719M in cash, and $85M in Eightco Holdings Ethereum infrastructure exposure.

CANGO LAUNCHES HPC/AI SUBSIDIARY AS MINERS PIVOT FROM PURE PROOF-OF-WORK: Cango announced that EcoHash, its high-performance computing and AI inference subsidiary, has begun commercial operations at its owned 50-megawatt facility in Georgia, deploying plug-and-play compute modules via its proprietary EcoLink Orchestration Platform. LM Funding America 8-K a more constrained operational picture for March 2026. The company mined 9.6 bitcoin at a record hashrate of 0.79 EH/s but sold 23.1 bitcoin, leaving a 341.2 bitcoin treasury valued at nearly $22.9M. It also extended an $11M Galaxy Digital credit facility to June 26, 2026, signaling continued reliance on debt financing amid compressed mining economics. Meanwhile, BGIN Blockchain (BGIN) resolved a prolonged hosting dispute, the company said, recovering all 5,325 seized mining machines from Mawson Hosting and Krypton Technologies under a confidential settlement, an event that removes a material operational drag from BGIN’s U.S. subsidiary, BGIN Infrastructure.

BROADRIDGE AND MARTI EXPAND DIGITAL ASSET INFRASTRUCTURE FOOTPRINTS: Broadridge Financial Solutions per the firm’s announcement, covering crypto trading, tokenized real-world assets, integrated custody via Galaxy Digital MRT” style=””>(MRT) reported FY25 results, posting revenue of $39.2M, up 110% year over year and 15% above guidance, with gross margin swinging from -15% to +61%. The Turkey-based mobility platform maintains a policy of holding 20–50% of cash reserves in bitcoin and guided for FY26 revenue of $70M with positive adjusted EBITDA.

CLARITY ACT AND SEC ROUNDTABLE SET THE WEEK’S REGULATORY TONE: The U.S. Senate returned from Easter recess Monday, reopening the window for a potential CLARITY Act markup vote this week, with an SEC digital assets roundtable scheduled for April 16 as the immediate near-term catalyst. Coinbase (COIN) CEO Brian Armstrong publicly endorsed the CLARITY Act on April 9 following White House pressure, and passage of the bill would be a significant positive for Coinbase’s regulatory standing and product roadmap. The legislative outcome also carries direct implications for miner and exchange-adjacent equities whose compliance overhead and product offerings are sensitive to jurisdictional clarity on digital asset classification.

On the corporate side, BitGo announced that BitGo Prime has added tradias, a regulated European crypto-asset services provider currently merging with Boerse Stuttgart Digital, to its institutional liquidity network, expanding execution quality and market access for its institutional client base. Bitcoin Depot the company disclosed. Gagliardi previously held global compliance roles at Coinbase, OKX, and Paxos, a résumé that reflects the rising anti-money laundering and know-your-customer regulatory bar across the digital asset kiosk sector.

PRICE ACTION: As of time of writing, bitcoin (BTC-USD) was trading near $71,797.97, and ether (ETH-USD) was trading near $2,206.60, according to price data from TipRanks.