Strategy Buys $2.01B of Bitcoin in a Week; Bitcoin Depot Seeks Chapter 11 Protection; BitFuFu Produces 207 BTC in April

BBX Message: Data from yesterday underscores a widening split across the crypto market: institutional treasury accumulation is gaining momentum as traditional retail distribution channels weaken. Strategy (NASDAQ: MSTR): From May 11 to May 17, the company bought 24,869 BTC for about $2.01 billion, implying an average purchase price of $80,985. Total bitcoin holdings have risen to 843,738 BTC, with an aggregate cost basis of roughly $63.87 billion and an average cost of about $75,700. The company reports a BTC yield of approximately 9.5% since 2026. Bitcoin Depot (NASDAQ: BTM): The firm filed for Chapter 11 bankruptcy on May 17. More than 9,000 bitcoin ATMs were taken offline immediately. First-quarter revenue came in at $83.5 million (49%), gross margin was 85%, and net loss totaled $9.5 million. The company cited regulatory bans and $389 million in fraud-related losses as key drivers. Shares are down about 75%, and existing equity may be wiped out. BitFuFu (NASDAQ: FUFU): The miner produced 207 BTC in April, including 43 BTC from self-mining and 164 BTC from cloud mining. Total bitcoin holdings stand at 1,882 BTC, and hashrate is approximately 25.9 EH/s. Source: bbx.com