ParaSwap DAO members were split, with some supporting the conditional return of the fees and others voting against the refund.
Bybit confirmed it was behind a proposal requesting that decentralized finance (DeFi) protocol ParaSwap return fees earned from swaps conducted by the Lazarus Group using digital assets stolen from the exchange.
On March 4, a proposal was posted on ParaSwap’s decentralized autonomous organization (DAO) forum asking to freeze and return 44.67 Wrapped Ether (wETH), worth almost $100,000, to a wallet address.
The proposal initially attracted skepticism, with several DAO members calling for verification before advancing the proposal. Bybit shared a verification post on its official X account on March 5, confirming that it was behind the proposal to return the funds.
Strategy announced Monday its latest purchase of 4,020 Bitcoin, worth $427 million, between May 19 and May 25, 2025.
This acquisition lifts Strategy’s total Bitcoin holdings to a record 580,250 BTC, valued at $40.61 billion. With this disclosure, Strategy further cements its leadership as the largest publicly traded Bitcoin holder.
Record-Breaking Bitcoin Acquisition
Formerly known as MicroStrategy, Strategy has reinforced its reputation at the forefront of Bitcoin adoption among corporations. Its official statement confirms the purchase of 4,020 additional Bitcoin between May 19 and May 25, 2025.
The total investment of $427 million reflects an average price of $106,237 per Bitcoin. This rapid move increases Strategy’s BTC treasury to 580,250 coins, giving it the world’s largest corporate Bitcoin reserve. That trove now represents nearly 3% of Bitcoin’s circulating supply, giving the company outsized influence on market sentiment.
“Strategy has acquired 4,020 BTC for ~$427.1 million at ~$106,237 per bitcoin and has achieved BTC Yield of 16.8% YTD 2025. As of 5/25/2025, we hodl 580,250 $BTC acquired for ~$40.61 billion at ~$69,979 per bitcoin,” Saylor posted on X.
Strategy completed its purchase after a period of relative stability for Bitcoin, demonstrating confidence in its long-term value. Notably, the company’s stock price was volatile following the announcement. The MSTR stock was trading at $369 at press time, down 7%.
Strategy used funds from its at-the-market (ATM) equity and preferred stock offerings to finance this acquisition. These methods offer flexible funding and allow the company to raise capital efficiently by issuing new shares at current market prices.
Importantly, this funding mechanism showcases a strategic use of traditional financial tools to support digital investments. Combining equity financing with Bitcoin buying has set a new bar for firms considering similar asset allocations.
With BTC trading near record highs, markets will watch whether the company accelerates issuance to chase its aggressive 2025 yield goal and how that might ripple across BTC and MSTR stocks.
It also appears that following Michael Saylor’s lead, firms across Brazil, the Middle East, Asia, and beyond are increasingly adopting Bitcoin as a reserve asset.
Solana (SOL) has shown limited price movement recently despite a substantial accumulation of the token. The price has remained relatively stable in May, likely due to the altcoin’s overheating.
While this stagnation is a sign of caution, the market is optimistic, which could lead to potential gains for Solana in the near future.
Solana Investors Continue Accumulation
Over the past 10 days, the balance of Solana on exchanges has dropped by 2.2 million SOL, valued at approximately $381 million. This decline in supply indicates that investors have been accumulating Solana during this period.
The ongoing accumulation is likely driven by a mix of factors, including the broader bullish market sentiment, fear of missing out (FOMO), and the expectation of future price appreciation.
This reduction in supply reflects increased investor confidence, with many choosing to hold rather than sell their SOL. As more investors accumulate the token, the supply on exchanges decreases, potentially creating upward pressure on the price in the long run.
Solana’s overall market momentum shows signs of potential volatility. Technical indicators, such as the Bollinger Bands, reveal that the bands are narrowing.
This tightening of the bands is a classic signal of a potential squeeze, which often precedes a surge in price volatility.
Should the squeeze result in a bullish breakout, Solana could see a rise in price, especially with the broader market showing positive momentum.
However, the narrowing of the Bollinger Bands also suggests that a period of consolidation could occur before any significant move.
Solana’s price has been moving sideways for much of May, likely due to the token overheating in the previous weeks. However, this cooling-off period could create an opportunity for a bullish move.
As the broader market continues to show positive signals and the accumulation trend persists, Solana may rise from its current consolidation phase.
At $173, Solana is testing critical support levels. To initiate a rally, Solana would need to secure $178 as support. If it manages to break above $180 and successfully breaches $188, it could indicate the start of an uptrend.
A successful breakout above these levels would signal further upward potential.
On the other hand, if Solana fails to maintain support at $178, it could fall below the $168 mark, potentially reaching $161. Such a decline would invalidate the bullish thesis and suggest further downside risk for the token.
