Good morning and welcome to Markets Desk, your daily read on what's moving markets and why.
Strive Asset Management has deepened its bitcoin commitment in a significant way, purchasing one thousand two hundred twenty three additional coins for roughly one hundred million dollars, at an average price of eighty one thousand seven hundred thirty four dollars per bitcoin. That brings the firm's total holdings to thirty six thousand eight hundred eighteen BTC, signaling continued institutional conviction in digital assets as a treasury strategy.
Shifting to equities and semiconductors, chip stocks are staging a recovery after a bruising stretch of selling pressure. Micron is leading the bounce, and the sector has its eyes fixed on two major catalysts this week — Nvidia presenting at a European conference and Meta reporting earnings, both of which carry real weight for the broader technology trade.
Meanwhile, a proposed bill in Washington could meaningfully change how crypto investors reckon with their tax history. The legislation would create a dedicated disclosure program allowing taxpayers to come forward and correct past crypto tax reporting errors, with reduced penalties for those who qualify — a notable shift in tone from enforcement toward compliance.
That's the tape. Markets Desk, signing off the floor.
