• Midas Crypto
  • Posts
  • 🌙 Bitcoin Giant MicroStrategy Rebrands to 'Strategy'

🌙 Bitcoin Giant MicroStrategy Rebrands to 'Strategy'

Company co-founder Michael Saylor trumpeted the news on Wednesday, arguing that by removing the prefix ‘Micro,’ the firm will be able to tap into a new era of success.

Author

Mike Gavela
February 05, 2025

Crypto Roundup - February 5

MicroStrategy has rebranded itself as 'Strategy', signaling a broadening of its business model beyond Bitcoin to encompass various digital assets and technologies. Meanwhile, the Pudgy Penguins project experienced a significant setback as their PENGU token fell in value following a decision to burn over $150 million worth of Solana tokens, an effort aimed at revitalizing the project's economy. In regulatory news, the FDIC released a substantial number of documents related to 'Operation Chokepoint 2.0', revealing details about the agency's approach to cryptocurrency businesses and the challenges these firms face with banking access.

Top Stories

  • MicroStrategy rebrands: MicroStrategy, known for its substantial Bitcoin holdings, has rebranded to 'Strategy' to diversify its business approach to include more digital assets.

  • Pudgy Penguins burn tokens: The Pudgy Penguins project's PENGU token value dropped after burning $150 million in Solana tokens in an effort to manage their project's economic strategy.

  • FDIC's crypto documents: The FDIC's release of documents under 'Operation Chokepoint 2.0' shows intense scrutiny and regulatory challenges for crypto firms in securing banking services.

SPONSORED BY
THE AI REPORT

There’s a reason 400,000 professionals read this daily.

Join The AI Report, trusted by 400,000+ professionals at Google, Microsoft, and OpenAI. Get daily insights, tools, and strategies to master practical AI skills that drive results.

TOP STORIES

Bitcoin Giant MicroStrategy Rebrands to 'Strategy' and Everyone in Crypto Made the Same Joke - Decrypt

Strategy posted a loss last quarter as its Bitcoin-buying spree ramped up, but word of the rebrand dominated the conversation Wednesday.

decrypt.co/304632/bitcoin-giant-microstrategy-rebrands-strategy

PENGU Price Falls as Pudgy Penguins Burn Over $150 Million in Solana Tokens - Decrypt

Pudgy Penguins burned unclaimed Solana airdrop tokens earlier than originally planned, and PENGU's price dipped lower afterwards.

decrypt.co/304610/pengu-falls-pudgy-penguins-burn-150-million-solana-tokens

FDIC Releases Trove of 'Operation Chokepoint 2.0' Crypto Documents - Decrypt

A 790-page trove of documents released by the FDIC showed how banks were stifled from engaging with crypto companies in some instances.

decrypt.co/304559/fdic-operation-chokepoint-crypto-documents

FUNDRAISING

OTHER HEADLINES

Fluid DEX Volume Soars to All-Time High in February - "The Defiant"

Fluid, a decentralized exchange (DEX) and lending protocol, is eclipsing all-time high volumes and total-value locked (TVL).

thedefiant.io/news/defi/fluid-dex-volume-soars-to-all-time-high-in-february

Elizabeth Warren flips on crypto vows to end debanking

Elizabeth Warren shifts stance, pledges to end crypto debanking by collaborating with Trump amid changing regulatory landscapes.

cryptobriefing.com/warren-crypto-debanking-agenda

Justin Sun keeps fighting with Huobi founder Li Lin

Justin Sun and Li Lin's years-long dispute has spilled onto X, with Sun claiming that HTX/Huobi had a $30 million hole when it was purchased.

protos.com/justin-sun-keeps-fighting-with-huobi-founder-li-lin

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 82,000 investors and crypto degenerates who read Midas Crypto Daily!