Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Strategy’s Bitcoin paper loss tops $11 billion as Michael Saylor pointed to ETF outflows and AI infrastructure spending as factors pressuring BTC, Bitmine is launching a $300 million perpetual preferred stock offering, and more than 100 million agentic payments have been transacted on Base as AI-driven payment rails evolve beyond experimentation.

Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model.

Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. However, the latest Bitcoin downturn sank the value of Strategy’s Bitcoin reserve to $52.6 billion, pushing its unrealized loss to $11.2 billion, according to the company’s dashboard.

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