Morgan Stanley increases Bitcoin holdings to $270 million for 6 consecutive weeks

BBX News: Yesterday's data confirmed that Strategy is transitioning from a simple BTC "accumulation machine" to a more proactive capital structure manager; Strike's 1109 weekly increase in holdings maintains a steady pace, while the SATA financing flywheel continues to operate. Core points: - Strategy (NASDAQ: MSTR): $152029 convertible bonds have been repurchased at a discount of approximately 8% (actual payment of approximately $138 million), with a total convertible bond value of $8.2 billion to $6.7 billion; No new BTC purchases were made in this period, with a position of 843738; BTC Yield 0.7%/Gain 4, 391 pieces/$333 million; USD Reserve of $871 million; From 2026 to present, Yield 13.3%/Main 89378/$6.8 billion. - Strike (NASDAQ: ASST): Holding+1109 to 16500 from May 18-22; Cash $93.3M (+$6M); STRC $50.1M； Class A+2.23 million shares, SATA+515000 shares; From 2026 to present, BTC yield is approximately 18.4%. Source: bbx.com

According to a16z's social media post, Ethereum continues to lead in the tokenized asset field, consistent with its first mover advantage in DeFi and institutional adoption. The current scale of tokenized assets for major blockchains is as follows: Ethereum at $15.7 billion, BNB Chain at $4 billion, Solana at $2.2 billion, Stellar at $1.7 billion, Liquid Network at $1.5 billion, XRP Ledger, ZKsync Era, and Arbitrarum at approximately $1 billion each. A16z pointed out that tokenized assets are not concentrated on a single blockchain, but are spreading across multiple blockchain ecosystems based on standards such as cost, liquidity, compliance requirements, and market entry relationships, forming a multi chain coexistence pattern.

Manuel Ar á oz, co-founder of OpenZeppelin, a cryptocurrency security company, stated that all DeFi protocols are insecure and advised friends and family to exit all DeFi positions, including low-risk protocols such as Aave, MakerDAO, and Compound. He pointed out that there is asymmetry in the security of smart contracts, and attackers only need to find one vulnerability to steal funds. Data shows that DeFi protocols were stolen $630 million in April, the worst month since Bybit was stolen $1.5 billion in February 2025. Drift and Kelp DAO suffered losses of $285 million and $293 million, respectively, with the total market lock up value dropping from $172 billion to $148 billion. Since May, there have been 25 security incidents, including Verus Network losing $116 million and Polymarket vulnerability losing $570000.

[South Korea's Virtual Asset Trading Volume Drops to About 8% of KOSPI Trading Volume] According to Digital Asset, as of May 26, the trading volume of South Korean won-based exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) was only 8% of the KOSPI trading volume. The report mentioned that South Korea's virtual asset market has been weakening since the second half of 2025, with a significant decline in October 2025 due to large-scale futures liquidations, while KOSPI strengthened due to the semiconductor boom and policy support. Additionally, data from CryptoQuant shows that the Bitcoin Korea Premium Index has been negative for most of the time since March, reflecting weak market buying pressure.

According to Tom Lee, research director at Fundstrat, the bear market for the tech giants and software sector has ended, but overall market risks still exist, and other sectors may enter a rolling bear market later in 2026. He pointed out three potential risks: fluctuations in the midterm election cycle, selling pressure after the expiration of the IPO lock up period for technology companies, and tight energy supply, with a special warning about the shortage of petroleum product inventories. He believes that strong demand for AI will support the resilience of major indices until the end of the year, but market differentiation will intensify. He suggests focusing on directions with strong profit certainty.