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, NFTs, Web3 and crypto regulation.

Today in crypto: Michael Saylor’s Strategy funded a new reserve from stock sales to cover at least 12 months of dividends and boosted its Bitcoin stash to 650,000 coins with fresh purchases, China vowed to crack down on stablecoins and a resurgence in crypto trading, and the Tether CEO hit back at S&P fear, uncertainty, and doubt.

Strategy, the world’s largest public Bitcoin holder, is creating a $1.44 billion US dollar reserve to support dividend payments on its preferred stock and interest on its outstanding debt.

Strategy on Monday announced the establishment of a US dollar reserve funded through proceeds from the sale of Class A common stock under its at-the-market offering program.

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