Bitcoin Tops $82,000 as Senate Committee Moves Crypto Market Structure Bill Forward
Bitcoin extended its rebound on Thursday, briefly pushing above $82,000 in intraday trading. CoinDesk cited a gain of more than 3% over the past 24 hours, with spot volume topping $1 billion.
Sentiment improved as U.S. lawmakers made headway on digital-asset legislation, while ongoing corporate buying and ETF-related demand continued to absorb available supply.
In Washington, the Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15"9 vote, with two Democrats joining Republicans in support. The proposal seeks to create a federal framework for digital-asset trading, stablecoins and intermediaries, and to split oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill also includes registration, disclosure and compliance requirements for exchanges, brokers and custodians. Supporters say it would reduce the sector's long-running regulatory uncertainty and help keep crypto businesses in the United States.
Corporate-linked bitcoin financing products are also expanding. CoinDesk reported that cumulative issuance of Strategy-related preferred shares (STRC) has exceeded $1.24 billion, implying an estimated purchase of about 11,709 bitcoin based on tracked data. The structure targets funding equivalent to 26 times current daily bitcoin supply, and the ATM issuance mechanism is positioning the instruments for institutional buyers.
Strive's SATA preferred shares are introducing a new yield format. Disclosures show SATA plans to begin daily cash dividend distributions in June at a nominal annualized rate of 13%, which Strive estimates equates to an effective yield of about 13.88% with daily compounding. CoinDesk added that the SATA entity carries no balance-sheet debt and holds more than 15,000 bitcoin, posting a bitcoin return rate of 11.1% in the first quarter of 2026.
ETF demand remains a central focus. A Bitfinex analyst told Bitcoin Magazine that funding rates, once a key gauge of sentiment, are losing predictive power as the market increasingly watches shifts in options positioning, especially with bitcoin trading around the $80,000 level. Analysts said the rally's drivers are now leaning more toward ETF demand and sustained public-market buying than corporate treasury accumulation alone. Long-term holders are said to control nearly 4 million bitcoin, with accumulation over the last two quarters among the strongest since the pandemic shock.
