Here’s your latest crypto daily download: Bitcoin mining profitability is under pressure as prices drift toward $63,000, but mining-related equities tied to AI infrastructure saw a rebound, with the Hashrate Index benchmark rising 5.8% in a single session. Meanwhile, PayPal shares jumped nearly 7% following reports that privately held payments firm Stripe is exploring a potential acquisition, though discussions remain preliminary and may not lead to a deal. In corporate treasury news, Michael Saylor’s firm continued its aggressive accumulation strategy, purchasing roughly $40 million worth of Bitcoin in one week using proceeds from stock sales, while also considering new preferred share offerings to address investor concerns about volatility. On the geopolitical front, a proposal tied to Donald Trump includes blockchain-based infrastructure plans for Gaza, where limited connectivity has prompted discussions around stablecoins and upgraded networks, according to reporting from Financial Times and Bloomberg.
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Bitcoin Mining Struggles, PayPal & Stripe Acquisition Talks, Michael Saylor Buys $40M BTC, Trump’s Blockchain Plans in Gaza
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Here's a look at your crypto daily download headlines.
Bitcoin mining is no longer profitable as the price of cryptocurrency slides towards $63,000.
However, in the realm of Bitcoin mining stocks, companies that are leaning into a I did see a rebound yesterday attesting to the cohort-wide rise hash rate indexes, Bitcoin mining stock index that's an industry benchmark that tracks major publicly traded.
Bitcoin miners rose 5.8% on the day.
PayPal popped nearly 7% on reports that the FinTech startup Stripe is weighing in acquisition.
Talks are still very early stages.
The deal may not happen.
Stripe, which is closely held in among the industry's most valuable companies, has expressed preliminary interest in possibly buying the digital assets Pioneer in total or some of its assets.
Well Michael Saor's strategy. spent about $40 million in the past week buying Bitcoin, funding the purchases entirely through sales of common stock.
The company bought 592 Bitcoin between February 17th and February 22nd, according to a regulatory filing.
Bloomberg reports the strategy plans to lean more on perpetual preferred stock to address concerns from investors wary of the volatility in the common shares and US President Donald Trump's proposal.
For Gaza includes the blockchain, the Financial Times reports Gazans have been restricted to 2G networks.
Now planners are talking about a stablecoin and upgrading technology.
It follows news late last year that Trump's government was thinking about building AI-powered smart cities in Gaza that might include the transfer of a digital token to Palestinians for development of their land, and that is the latest crypto daily download headlines.