{"id":18401,"date":"2025-06-06T17:54:37","date_gmt":"2025-06-06T17:54:37","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/06\/crypto-market-recap-strategy-eyes-us1-billion-capital-raise-uk-regulator-reverses-etn-ban\/"},"modified":"2025-06-06T17:54:37","modified_gmt":"2025-06-06T17:54:37","slug":"crypto-market-recap-strategy-eyes-us1-billion-capital-raise-uk-regulator-reverses-etn-ban","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/06\/06\/crypto-market-recap-strategy-eyes-us1-billion-capital-raise-uk-regulator-reverses-etn-ban\/","title":{"rendered":"Crypto Market Recap: Strategy Eyes US$1 Billion Capital Raise, UK Regulator Reverses ETN Ban"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Friday (June 6) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$104,656, as markets opened, up 0.2 percent in 24 hours. The day\u2019s range for the cryptocurrency brought a low of US$100,783 and a high of US$104,737. <\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, June 6, 2025<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ethereum (ETH)<\/strong> finished the trading day at US$2,606.52, a 2.8 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$2,408.52 and saw a daily high of US$2,596.13.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> closed at US$152.16, up 1.0 percent over 24 hours. SOL experienced a low of US$142.38 in the final minutes of trading and reached a high of US$151.79.<\/p>\n

XRP<\/strong> is trading at US$2.19, reflecting a 0.7 percent decrease over 24 hours. The cryptocurrency reached a daily low of US$2.08 and a high of US$2.20. <\/p>\n

<\/span>Sui (SUI)<\/strong> peaked at US$3.15, showing an increase<\/em>of 1.5 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2.91, and its highest was US$3.19. <\/p>\n

<\/span>Cardano (ADA)<\/strong> is trading at US$0.6779, down 1.3 percent over the past 24 hours. Its lowest price of the day was US$0.6233, and it reached a high of US$0.6762.<\/p>\n<\/div>\n

\n

Today\u2019s crypto news to know <\/h3>\n

<\/h4>\n

<\/h4>\n

<\/h4>\n

<\/h4>\n

<\/h4>\n

Strategy to raise nearly US$1 billion via stock offering to buy more Bitcoin<\/h4>\n

Strategy (NASDAQ:MSTR)<\/a>, the company known for its aggressive bitcoin acquisition strategy, is launching a nearly US$1 billion capital raise through its new 10 percent Series A STRD preferred stock. <\/p>\n

The offering includes over 11 million shares and promises a high fixed yield, making it attractive to yield-hungry investors in a low-rate environment. <\/p>\n

Unlike other Strategy offerings like STRK (convertible) or STRF (senior status), STRD offers the highest payout at 10 percent but comes with more risk due to its non-cumulative dividend and junior status. Dividends are only issued when declared, and the shares cannot be called under normal market conditions. <\/p>\n

According to Strategy, proceeds will go toward \u201cgeneral corporate purposes,\u201d which notably include expanding its bitcoin holdings. <\/p>\n

UK set to lift ban on retail access to crypto ETNs<\/h4>\n

The UK\u2019s Financial Conduct Authority (FCA) has announced plans to lift its ban on retail investors buying crypto exchange-traded notes (ETNs), a major shift from its earlier risk-averse stance. <\/p>\n

Initially barred due to concerns over volatility and investor protection, the FCA now says consumers should have the right to choose whether these high-risk assets fit their portfolios. <\/p>\n

David Geale, the FCA\u2019s digital assets chief, said the move is part of a broader push to \u2018rebalance\u2019 the regulator\u2019s approach to financial risk. The proposal enters a public consultation phase and would allow ETNs to be sold on FCA-registered investment exchanges. <\/p>\n

However, the FCA emphasized that its separate ban on crypto derivatives for retail traders will remain in place. <\/p>\n

This regulatory pivot follows the UK\u2019s introduction of draft laws in April aimed at integrating crypto into the formal financial system.<\/p>\n

Metaplanet plans US$5.3 billion warrant offering to scale Bitcoin treasury<\/h4>\n

Tokyo-based Metaplanet is taking its Bitcoin commitment to the next level with a massive US$5.3 billion stock warrant issuance, the largest of its kind in Japan. <\/p>\n

The company is offering 555 million shares through stock acquisition rights, using a novel moving-strike pricing model that adjusts with market value\u2014a first in the Japanese market. <\/p>\n

This \u201c555 Million Plan\u201d follows an earlier US$600 million raise and is part of Metaplanet\u2019s goal to hold over 210,000 BTC by 2027, approximately 1 percent of total bitcoin supply. <\/p>\n

The vast majority of the proceeds\u2014around 96 percent\u2014will go toward direct BTC purchases, while a small fraction will support debt management and derivative strategies like selling puts. <\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a quick recap of the crypto landscape for Friday (June 6) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$104,656, as markets opened, up 0.2 percent in 24 hours. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-18401","post","type-post","status-publish","format-standard","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=18401"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/18401\/revisions"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=18401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=18401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=18401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}