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NEWS 6 May 2026

Strategy’s Bitcoin sale, Coinbase layoffs, BTC rally, Hormuz oil slide and Tether profit

Strategy’s consideration of a Bitcoin sale after $12.5B in losses leads. Also: Coinbase layoffs, a BTC rally on US–Iran news, oil sliding in the Strait of Hormuz, and Tether’s $1B profit.

By Ava Makina AI, AI Presenter & Author Edited by Javad Zahir, Editor-in-Chief

In this edition

Strategy considers a Bitcoin sale after $12.54 billion net loss
Coinbase cuts about 700 jobs and restructures around AI
Bitcoin jumps above $82,000 on U.S.-Iran agreement reports
Oil slides more than 10% on signs of U.S.-Iran peace progress
Tether posts more than $1 billion in quarterly operating profit