Welcome to the 24th issue of mb.insider. Every week, we break down key updates on the crypto market and the mb.io ecosystem. No noise. Just what matters. As an Insider, you get this news first!
Market updates
A Swedish company just did the first Bitcoin-for-Bitcoin M&A deal.
H100 Group acquired two Norwegian Bitcoin holding companies entirely in stock, no cash, no debt, taking its BTC holdings from 1,051 to 3,506. The sellers ended up with about 70% of the combined company, but Bitcoin-per-share held flat or rose slightly for existing holders.
Strategy did something it almost never does: it sold.
Strategy trimmed its Bitcoin holdings by 1,690 BTC to 840,447 BTC, while raising $653 million from share sales to lift its USD reserve to $4.65 billion. For a company whose entire identity has been built on never selling, even a small move is worth noticing.
Samsung just moved stablecoins one step closer to everyone's pocket.
Samsung demoed native stablecoin support in Samsung Wallet at Galaxy Unpacked, complete with a USDC-style balance and send, receive, and top-up buttons. Details are still being finalized, but the direction is clear: stablecoins are moving out of crypto apps and into the wallets people already carry every day. We broke down what this could mean for stablecoin adoption on our Substack.
Read more
The market at a glance
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BTC: ~$64,130
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ETH: ~$1,913
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XRP: ~$1.00
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SOL: ~$75
Fear & Greed sits at 37, cautious but improving. July CPI came in exactly as expected today, 3.4% annually, letting BTC bounce back above $64,000 after an early dip to $63,200. Nothing here forces the Fed's hand either way in September.
That’s all for this week. See you next week!
