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On May 10, Strategy CEO Phong Le confirmed that the company will only sell Bitcoin under specific conditions. This follows comments from Executive Chairman Michael Saylor, who hinted at the possibility of selling Bitcoin to pay dividends, which led to a 4% drop in MSTR's stock price. Le stated that the decision to sell is primarily related to the Series A perpetual preferred stock Stretch (STRC, with a dividend rate of 11.5%). The company will execute sales only when it is more beneficial for shareholders to sell Bitcoin than to issue stock for dividend payments, with specific trigger conditions being a stock price below book value or mNAV below approximately 1.22. The second condition involves tax management, including realizing deferred income or capturing tax losses. Le emphasized that the company's leverage is around 10%-15%, with a magnification rate of about 35%, indicating manageable financial conditions. Strategy currently holds 818,334 BTC at an average price of approximately $75,537, making it the largest publicly traded holder of Bitcoin globally. Le pointed out that Bitcoin's daily trading volume exceeds $60 billion, while the company's annual dividends are only about $1.5 billion, indicating that liquidity is not an issue, and he stated, 'I believe in mathematics rather than ideology.'

[Strategy CEO Clarifies Bitcoin Sale Conditions: Will Only Sell When Beneficial to Shareholders]On May 10, Strategy CEO Phong Le confirmed that the company will only sell Bitcoin under specific conditions. This follows comments from Executive Chairman Michael Saylor, who hinted at the possibility of selling Bitcoin to pay dividends, which led to a 4% drop in MSTR's stock price. Le stated that the decision to sell is primarily related to the Series A perpetual preferred stock Stretch (STRC, with a dividend rate of 11.5%). The company will execute sales only when it is more beneficial for shareholders to sell Bitcoin than to issue stock for dividend payments, with specific trigger conditions being a stock price below book value or mNAV below approximately 1.22. The second condition involves tax management, including realizing deferred income or capturing tax losses. Le emphasized that the company's leverage is around 10%-15%, with a magnification rate of about 35%, indicating manageable financial conditions. Strategy currently holds 818,334 BTC at an average price of approximately $75,537, making it the largest publicly traded holder of Bitcoin globally. Le pointed out that Bitcoin's daily trading volume exceeds $60 billion, while the company's annual dividends are only about $1.5 billion, indicating that liquidity is not an issue, and he stated, 'I believe in mathematics rather than ideology.'

Strategy CEO Clarifies Bitcoin Sale Conditions: Will Only Sell When Beneficial to Shareholders

On May 10, according to data from DefiLlama, three relatively active DeFi applications—Hyperliquid, EdgeX, and Pump.fun—distributed a total of $96.3 million in revenue to token holders over the past 30 days. Hyperliquid led with $50.95 million, returning all revenue directly to holders with zero incentive spending. Pump.fun returned $22.09 million to holders from a total revenue of $38.81 million. EdgeX allocated $2.326 million from $8.26 million in protocol revenue, indicating it may have tapped into reserves or other income sources.

[Three Major DeFi Applications Return Nearly $100 Million to Token Holders in 30 Days]On May 10, according to data from DefiLlama, three relatively active DeFi applications—Hyperliquid, EdgeX, and Pump.fun—distributed a total of $96.3 million in revenue to token holders over the past 30 days. Hyperliquid led with $50.95 million, returning all revenue directly to holders with zero incentive spending. Pump.fun returned $22.09 million to holders from a total revenue of $38.81 million. EdgeX allocated $2.326 million from $8.26 million in protocol revenue, indicating it may have tapped into reserves or other income sources.

Three Major DeFi Applications Return Nearly $100 Million to Token Holders in 30 Days

On May 10, as Bitcoin rose above $80,000, the probability of Bitcoin rising to $100,000 this year on Polymarket increased to 49% (up from 30% on April 5). Additionally, the probability of BTC rising to $90,000 within the year is currently reported at 71%, while the chance of it falling to $50,000 is at 36%.

[Polymarket Predicts 49% Chance of Bitcoin Rising to $100,000 This Year]On May 10, as Bitcoin rose above $80,000, the probability of Bitcoin rising to $100,000 this year on Polymarket increased to 49% (up from 30% on April 5). Additionally, the probability of BTC rising to $90,000 within the year is currently reported at 71%, while the chance of it falling to $50,000 is at 36%.

Polymarket Predicts 49% Chance of Bitcoin Rising to $100,000 This Year

On May 10, Sonali Basak, Chief Investment Strategist at iCapital, stated in an interview with CNBC that the market still has upside potential, estimating the reasonable range for the S&P 500 index to be around 7500 to 7800 points. However, she believes that we have entered a phase where strengthening downside hedging is necessary. She pointed out that corporate earnings are still growing, but there is limited room for further valuation expansion, and the market faces high uncertainty in the second half of the year. Factors that previously supported market gains, such as AI capital expenditures, large IPOs, government financing needs, and competition in private credit, are weakening and may exert pressure on the market. Sonali Basak noted that the current market tolerance range for the 10-year U.S. Treasury yield is roughly between 4% and 4.5%, but if it rises to 4.8%, it could enter a 'danger zone,' where market volatility and the risk of pullbacks may significantly increase. She also mentioned that bonds and commodities in the traditional '60/40' asset allocation have not effectively hedged risks, leading more investors to seek structured hedging strategies. She believes that the market is currently facing greater 'fat tail risks,' meaning that both upward and downward movements could experience unexpected volatility.

[Viewpoint: S&P 500 Still Has Upside Potential, but Downside Hedging Should Be Strengthened Now]On May 10, Sonali Basak, Chief Investment Strategist at iCapital, stated in an interview with CNBC that the market still has upside potential, estimating the reasonable range for the S&P 500 index to be around 7500 to 7800 points. However, she believes that we have entered a phase where strengthening downside hedging is necessary. She pointed out that corporate earnings are still growing, but there is limited room for further valuation expansion, and the market faces high uncertainty in the second half of the year. Factors that previously supported market gains, such as AI capital expenditures, large IPOs, government financing needs, and competition in private credit, are weakening and may exert pressure on the market. Sonali Basak noted that the current market tolerance range for the 10-year U.S. Treasury yield is roughly between 4% and 4.5%, but if it rises to 4.8%, it could enter a 'danger zone,' where market volatility and the risk of pullbacks may significantly increase. She also mentioned that bonds and commodities in the traditional '60/40' asset allocation have not effectively hedged risks, leading more investors to seek structured hedging strategies. She believes that the market is currently facing greater 'fat tail risks,' meaning that both upward and downward movements could experience unexpected volatility.

Viewpoint: S&P 500 Still Has Upside Potential, but Downside Hedging Should Be Strengthened Now

On May 10, Michael Saylor, founder of Strategy, once again released information related to the Bitcoin Tracker. Following previous patterns, Strategy typically discloses information about increasing Bitcoin holdings the day after relevant news is released. Earlier reports indicated that on May 3, Michael Saylor updated that Strategy did not purchase Bitcoin that week but would resume buying the following week.

[Michael Saylor Releases Bitcoin Tracker Update, Suggesting Potential BTC Accumulation]On May 10, Michael Saylor, founder of Strategy, once again released information related to the Bitcoin Tracker. Following previous patterns, Strategy typically discloses information about increasing Bitcoin holdings the day after relevant news is released. Earlier reports indicated that on May 3, Michael Saylor updated that Strategy did not purchase Bitcoin that week but would resume buying the following week.

Michael Saylor Releases Bitcoin Tracker Update, Suggesting Potential BTC Accumulation

SCA fluctuated by 53.75% within 24 hours, current price $0.0246

【SCA's 24-hour fluctuation exceeds 50%!】SCA fluctuated by 53.75% within 24 hours, current price $0.0246

SCA's 24-hour fluctuation exceeds 50%!

On May 10, enterprise blockchain infrastructure provider Antier Solutions announced the completion of $3 million in funding, led by GVFL. The new funds will be used to support the development of secure transactions, verifiable workflows, and institutional-grade blockchain infrastructure, expand deployments in the government and BFSI sectors, and grow operations in the U.S., Middle East, and Asia-Pacific markets.

[Antier Solutions Secures $3 Million Funding Led by GVFL]On May 10, enterprise blockchain infrastructure provider Antier Solutions announced the completion of $3 million in funding, led by GVFL. The new funds will be used to support the development of secure transactions, verifiable workflows, and institutional-grade blockchain infrastructure, expand deployments in the government and BFSI sectors, and grow operations in the U.S., Middle East, and Asia-Pacific markets.

Antier Solutions Secures $3 Million Funding Led by GVFL

On May 10, according to the Islamic Republic News Agency (IRNA), Iran's response to the U.S. proposal to end the war has been transferred through Pakistan.

[Iran's Response to U.S. Proposal to End War Transferred via Pakistan]On May 10, according to the Islamic Republic News Agency (IRNA), Iran's response to the U.S. proposal to end the war has been transferred through Pakistan.

Iran's Response to U.S. Proposal to End War Transferred via Pakistan

On May 10, Matthew Sigel, Head of Digital Asset Research at VanEck, stated in an interview with CNBC that he expects Bitcoin to reach its historical highs again within the next 12 months. He noted that the current correlation between BTC and the Nasdaq is near a five-year high, and the resilience of the U.S. stock market has driven this round of rebound. However, the derivatives market still lacks a clear optimistic sentiment, with the futures and options markets reflecting more short covering and hedging demand. Therefore, from a contrarian perspective, there may still be room for the trend to continue. Matthew Sigel also mentioned that this year, a central bank has announced the inclusion of Bitcoin in its foreign exchange reserves, indicating that BTC is gradually becoming a global asset used for large-scale cross-border transaction settlements. He believes this is a significant trend. In terms of investment direction, he is more optimistic about the increase in Bitcoin's market share and Bitcoin mining companies benefiting from the integration with AI trends. He stated that mining companies are becoming important beneficiaries of AI infrastructure, and as AI business grows, the pressure on mining companies to sell BTC for fundraising is decreasing. Additionally, Matthew Sigel believes that if the CLARITY Act is passed, it could reignite sentiment in the altcoin market, but currently, institutional investors remain cautious about most altcoins due to regulatory and investor protection issues.

[VanEck Executive: Bitcoin Expected to Return to Historical Highs in the Next 12 Months]On May 10, Matthew Sigel, Head of Digital Asset Research at VanEck, stated in an interview with CNBC that he expects Bitcoin to reach its historical highs again within the next 12 months. He noted that the current correlation between BTC and the Nasdaq is near a five-year high, and the resilience of the U.S. stock market has driven this round of rebound. However, the derivatives market still lacks a clear optimistic sentiment, with the futures and options markets reflecting more short covering and hedging demand. Therefore, from a contrarian perspective, there may still be room for the trend to continue. Matthew Sigel also mentioned that this year, a central bank has announced the inclusion of Bitcoin in its foreign exchange reserves, indicating that BTC is gradually becoming a global asset used for large-scale cross-border transaction settlements. He believes this is a significant trend. In terms of investment direction, he is more optimistic about the increase in Bitcoin's market share and Bitcoin mining companies benefiting from the integration with AI trends. He stated that mining companies are becoming important beneficiaries of AI infrastructure, and as AI business grows, the pressure on mining companies to sell BTC for fundraising is decreasing. Additionally, Matthew Sigel believes that if the CLARITY Act is passed, it could reignite sentiment in the altcoin market, but currently, institutional investors remain cautious about most altcoins due to regulatory and investor protection issues.

VanEck Executive: Bitcoin Expected to Return to Historical Highs in the Next 12 Months

HTX data showed that BTC broke through 72000  USDT and is now at 72038.73 USDT, with a increase of 5.12% in 24H.

[BTC broke through 72000  USDT] HTX data showed that BTC broke through 72000  USDT and is now at 72038.73 USDT, with a increase of 5.12% in 24H.

BTC broke through 72000  USDT

一周代币解锁：ENA解锁价值约1700万美元代币

This Week In Bitcoin: Top Developments That Could Signal A New Era

Bitcoin Prints Biggest Monthly Win In A Year Amid Renewed Market Optimism

十亿美元的教训：DeFi 安全重心正从代码转向运营治理

Anthropic搞了个全是AI的闲鱼群，大模型在里面互割起了韭菜

对话华尔街策略师：AI驱动通缩，加速资本流向稀缺性资产

特朗普一条推文，BTC时隔3个月重返8万美元

首日交易量碾压Polymarket，Hyperliquid带着BTC二元期权杀入预测市场

Roobet Launches Prediction Markets on May 6, The First Major Crypto Casino to Integrate the Format

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MON 24-hour fluctuation over 50%!

TRX falls below 0.35 USDT

BTC broke through 72000 USDT

Penafian：Konten diatas tidak merepresentasikan posisi HTX.，HTX tidak memberikan rekomendasi perdagangan apa pun.。

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