Archive July 2025

Strategy, ex-MicroStrategy, is intensifying its bet on Bitcoin with a record raise of $4.2 billion through perpetual preferred shares at 10%. Under the leadership of Michael Saylor, the firm is strengthening its accumulation strategy despite a noticeable pause in its BTC purchases. This tactical shift, between liquidity seeking and financial optimization, marks a new phase in the controversial alliance between traditional markets and cryptocurrencies.

While Strategy, a pioneer in bitcoin balance sheets, temporarily suspends its purchases, two listed companies are opting for the opposite trajectory. Metaplanet and Semler Scientific are heavily betting on BTC, redefining the balance of power in the market. In a context of macroeconomic uncertainty and persistent volatility, these bold acquisitions raise questions: Is this a mere speculative bet or a sustainable strategic repositioning?

Since the beginning of July, investors have been lending to Italy at a lower rate than that demanded for France. Indeed, the curve has inverted for the first time since 2005, weakening Paris's position in the hierarchy of sovereign risk in the euro area. Yet, France maintains a better rating. This paradox points to a perceptible reality: markets are doubtful. And in this hesitation, alternative assets are gaining ground.

When an Asian soup brand turns into a bitcoin vault... DDC buys, cashes in, and starts over: 368 BTC later, the markets are hungry for a new model.

Larry Fink endorses bitcoins faster than miners can produce them. While staking is making its appearance, the ETF is turning BTC into a nice, juicy pawn.

As the world of cryptocurrencies becomes increasingly closed and competitive, Vitalik Buterin is sounding the alarm. The creator of Ethereum is now advocating for "copyleft," a license requiring those who reuse open source code to publish their improvements. This turnaround aims to counter the private appropriation of collective knowledge and to preserve the ideal of collaboration that has strengthened Web3.

When the crypto world dreams of physical anchoring, it sometimes gives birth to projects that are as bold as they are vague. The latest? An initiative from the TON Foundation aimed at offering a 10-year Golden Visa to Toncoin investors. The idea, appealing on paper, was quickly dampened by a blunt denial: the authorities of the United Arab Emirates never approved the program. Behind the announcement effect lies the ongoing tension between decentralized innovation and state sovereignty.

France's economy recorded a trade deficit of 7.6 billion euros in May. A concerning trend for investors.