Strategy Surpasses BlackRock as World's Biggest Bitcoin Holder

Summary

Jennifer Sanasie reports on Strategy overtaking BlackRock as the world's biggest Bitcoin holder after a $2.54 billion purchase. She also covers the movement of funds from the Kelp exploit and crypto scams targeting ships in the Strait of Hormuz. These events highlight ongoing trends in corporate Bitcoin adoption and crypto-related criminal activities.

• Strategy now holds 815,061 BTC, more than BlackRock's IBIT ETF.
• Strategy's accumulation involved leverage through convertible debt, equity, and preferred stock.
• Hackers behind the $292 million Kelp exploit are moving funds to Bitcoin via Thor chain.
• Lazarus Group is suspected in the Kelp attack.
• One victim of Kelp may face $230 million in bad debt.
• Crypto scammers are demanding Bitcoin or USDT from ships in the Strait of Hormuz.
• At least one vessel paid the ransom but was still fired upon.