qfx

The venture will start with foreign investors, according to a Wall Street Journal report.

According to a June 11 press release shared with crypto.news, the new initiative, called “Burn to Glory,” ties Fan Token supply reductions directly to results achieved by selected national football teams during the upcoming FIFA World Cup.

Andreessen Horowitz’s vaunted crypto fund-the same outfit that declared Bitcoin “the future of money” right before it crashed 70% in a single week, leaving thousands of retail investors to eat buckwheat porridge for a month-kicked in $100 million of their own, as if trying to outdo the rest of the Wall Street and crypto circus that piled in to throw cash at the table like it was confetti at a May Day parade. Citadel Securities, Apollo, BNP Paribas, CME Ventures, Coinbase Ventures, and HSBC all showed up to participate, like a bunch of drunk wedding guests betting the groom will actually stay married past the honeymoon.

Apparently, they’re planning to use Artificial Intelligence (AI), blockchain, and the Internet of Things (IoT) to make sports management as transparent as a glass slipper and as engaging as a dwarf with a grudge. Because, you know, what the Olympics really needed was more acronyms and less running around in circles.

The way the Bitcoin was divided is significant. A large portion sent to a new, unknown address raises questions about its intended use – it could be for paying creditors or for internal restructuring. The smaller amount sent to a frequently used wallet indicates some of the Bitcoin was likely intended for immediate expenses. After the transfer, the estate still has around 34,504 BTC, currently worth about $2.43 billion, and has until October 31, 2026, to complete the final payouts. Approximately 19,500 creditors have already received their payments.

As a researcher following SBI Holdings, I recently learned from CEO Yoshitaka Kitao that the company remains deeply committed to Ripple. In a YouTube interview, he stated SBI is prepared to invest between 80 billion and 150 billion Japanese Yen (roughly $626 million to $1.25 billion) in Ripple Labs stock when the company eventually goes public. However, Kitao anticipates that IPO could still be around 12 years away.

The firm’s CEO, one Matt Cole, took to the digital pulpit of X to proclaim this triumph, revealing an average acquisition price of $74,092 per unit. With this latest indulgence, Strive’s hoard now swells to approximately 19,000 BTC, a figure that places it among the more reckless-or visionary, if you prefer-institutional accumulators. One wonders if they are amassing a fortune or merely stockpiling digital tulips.

Between May 23 and June 1, 2026, Strive acquired 2,500 Bitcoin at an average price of $74,092 per coin. A princely sum, indeed! CEO Matt Cole, ever the showman, took to X (formerly known as Twitter, for the uninitiated) to proclaim their quarter-to-date BTC Yield of 23.0% and a year-to-date Yield of 36.7%. Such numbers, one might think, are the stuff of financial legend-or perhaps a cleverly crafted illusion?

XRP is currently trading around $1.26 against the US dollar, but it’s struggling to break past a key resistance level. It remains below its 100-day and 200-day moving averages, at approximately $1.40 and $1.65 respectively, indicating a continuing lack of strong upward price movement.

The purchase price was lower than Strive’s previous Bitcoin buy on May 22nd, when they paid $76,989 per BTC. This indicates Strive took advantage of the recent price drop – Bitcoin fell from over $74,000 last week to around $70,800 on Tuesday morning, according to CoinDesk.