Micah Zimmerman

Bitcoin's onchain transaction count reached its highest level in 2026, surpassing 800,000 daily transactions, driven by protocol-driven activity like Ordinals, Runes, and BRC-20 tokens. However, the economic value of these transactions remains low, with 80% involving less than 0.01 BTC, and Bitcoin's price has declined despite increased network activity.

Lava Card has launched a secured Visa credit card that rewards users with Bitcoin on every purchase, offering 3% for US users and 1% for international users, with 5% rewards at Bitcoin-aligned merchants. The card accepts stablecoins as funding and has no annual fee, foreign transaction fee, or exchange rate markup, aiming to mainstream stablecoin payments without changing user or merchant behavior.

An unknown individual inscribed the full text of the U.S. Constitution onto the Bitcoin blockchain using an OP_RETURN transaction, confirmed on May 28, 2026. The 44.4 KB transaction cost $83.41 in fees and was processed by SpiderPool, highlighting Bitcoin's expanded data storage capabilities post-Bitcoin Core v30.

Sequans Communications (SQNS) has completed the sale of most of its Bitcoin holdings, exiting its digital asset strategy after less than a year. The company now holds 658 BTC and plans to monetize the remaining holdings over time, shifting focus back to its IoT semiconductor business and 5G technology development.

The Smarter Web Company (LSE: SWC) purchased 10 Bitcoin at £55,786 per coin, increasing its holdings to 2,869 BTC. The company uses Bitcoin as a treasury reserve asset and has a £18 million credit facility with Coinbase to scale BTC exposure. It reported a 15.43% Bitcoin yield and competes with firms like Strive and MicroStrategy in BTC accumulation strategies.

Strive (ASST) purchased 1,109 Bitcoin between May 19-22 at $76,989 per coin, increasing its holdings to 16,500 BTC and ranking it seventh among public companies with Bitcoin treasuries. The company also reported a 133% stock price surge over three months and plans to launch SATA preferred stock with daily dividends.

TD Cowen has raised its price target on Strategy to $400 due to strong bitcoin accumulation and a shift in financing strategy. The company now holds 843,738 BTC, valued near $64 billion, and is expected to purchase close to 100,000 BTC in the second quarter. This implies a gain of more than 140% from the current share price.

Canaan Inc. has secured a contract to provide heat-recovery computing infrastructure to a Nordic district heating network, utilizing its Avalon A1566HA hydro-cooled mining units to capture thermal output from Bitcoin mining operations. The project is expected to serve approximately 2,800 homes. Canaan's stock was down nearly 15% despite the contract win.

Square has crossed 1 million Bitcoin-enabled merchants, with a wave of auto-enrollment beginning on March 30, allowing customers to pay in Bitcoin while merchants receive USD settlements. The rollout is powered by the Lightning Network. Block's strategy centers on integrating bitcoin across its ecosystem.