"Building on 846,842," tweeted Strategy Executive Chairman Michael Saylor minutes ago, referring to the amount of bitcoin held on his company's balance sheet.
The post comes as bitcoin slid back towards multi-year lows on the Fed's hawkish pivot on Wednesday. Strategy's common stock MSTR fell 5.1%, nearing a 52-week low. Its high-yielding preferred stock, STRC, tumbled back to $89, a full 11% below par, suggesting investors are demanding a dividend well in excess of the current 11.5%.
"Bitcoin is stuck in limbo until the market gets rid of Saylor or a price-insensitive nation state starts bidding to infinity," tweeted persistent (and currently right) doomer Wazz. "The former is more likely than the latter IMO. Every single day the bitcoin price action is hostage to Strategy Ponzi, the bitcoin narrative takes a hit."
Intel shares jumped more than 9% in pre-market trading on Thursday after President Donald Trump announced on Truth Social that the chipmaker will partner with Apple (APPL) to design and manufacture semiconductors in the United States.
In a post on Truth Social, Trump said, "Apple has agreed to work with Intel to design and build its chips in America," while also highlighting domestic chipmaking initiatives from Nvidia (NVDA) and Elon Musk's Terafab.
Intel stock has soared over 220% year to date, pushing the company's market capitalization above $610 billion. The U.S. government currently owns roughly a 10% stake in Intel, a position it acquired in August 2025.
The U.S. Dollar Index (DXY) has climbed to 100.7, its highest level since May 2025 and a one year high. A stronger dollar is typically bearish for risk assets as it tightens global financial conditions, reduces liquidity, and increases the attractiveness of dollar denominated investments. The DXY had traded in a relatively narrow 96 to 100 range over the past year before breaking higher. The move followed a hawkish debut FOMC meeting from new Federal Reserve Chair Kevin Warsh on Wednesday. Despite the dollar's strength, bitcoin and gold continue to hold above $64,000 and $4,200, respectively.
The Fed's hold this week mattered less for crypto than what it signaled, according to Matthew Pinnock, chief operating officer at Altura DeFi.
Chairman Kevin Warsh's first meeting offered little clarity, avoiding firm commitments on the path ahead, while the updated projections turned hawkish. Policymakers now see the federal funds rate ending 2026 at 3.8%, up from 3.4% in March, implying possible hikes rather than the cuts markets had penciled in.
Rising Treasury yields reflect a market repricing for a longer stretch of restrictive policy, a near-term headwind for risk assets, Pinnock said in a message to CoinDesk.
He sees a more constructive read underneath, however. The hawkish stance also signals the Fed's confidence in the economy. If AI-driven productivity supports growth and inflation stays contained, Pinnock noted, investors may come to view the posture as a sign of resilience rather than a threat to the risk-on backdrop that has supported bitcoin's advance.
Markets are rising before the opening of U.S. equity trading after a late selloff on Wednesday following Federal Reserve Chair Kevin Warsh's first FOMC meeting. As expected, the Fed left interest rates unchanged, but the accompanying statement and press conference struck a more hawkish tone, weighing on risk assets into the close.
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