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Hut 8 Prices $4.25B 6.129% Notes for 352MW Beacon Point AI Campus in Texas
Hut 8 priced $4.25 billion of 6.129% senior secured notes due 2042 to finance its Beacon Point AI data center development in Nueces County, Texas. The planned campus is designed for 352MW of critical IT capacity across six data halls, and Hut 8 said it will be leased to a tenant rated AA- or higher. The offering is set to close on June 9, 2026, with interest beginning Nov. 30, 2026 and amortization starting May 30, 2030.
BTC
BTC+2.11%
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Bhutan's DHI Sold Over $200M in Bitcoin in 2026 as Mining Economics Tighten
Bhutan's sovereign investment arm Druk Holding and Investments (DHI) has sold more than $200 million worth of Bitcoin in 2026, shifting from building reserves to managing liquidity for infrastructure funding. Blockchain-based estimates indicate the country started the year with about 13,000 BTC and may now hold roughly 2,400–4,400 BTC after multiple transfers and sales. Analysts described the move as a staged program executed in smaller tranches rather than an attempt to time the market.
BTC
BTC+2.11%
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Travala launches AI travel protocol for 2.2M hotels and a Claude-based concierge
Travala said it launched its Travala Travel MCP on June 5, enabling autonomous software agents to search, book, and pay for stays across more than 2.2 million hotels, with users authorizing only the final payment. The Base-built system supports gasless USDC payments via x402 with settlement costs of about 1 cent per booking, and offers developers a programmatic 10% cbBTC rebate for agent-executed bookings. Travala also said it will extend the protocol beyond hotels to additional travel products, including flights.
BTC
BTC+2.11%
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XRP Selloff Cools as Analysts Refute DTCC Collateral Rumors, June 7, 2026
On June 7, 2026, analysts said rumors tying a DTCC collateral eligibility update to institutional XRP delistings were incorrect, helping ease a retail-driven selloff. The episode followed widely shared screenshots that fueled rotation from XRP into XLM, with on-chain data reportedly showing about $900 million in weekly realized XRP losses at the height of the panic. XRP briefly dipped below $1.30 before stabilizing as clarifications spread.
XRP
XRP+3.41%
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Lookonchain estimates Strategy down $12.27B and Bitmine down $10.35B on crypto bets
Lookonchain said on June 6, 2026 that Michael Saylor's Strategy and Tom Lee's Bitmine were carrying large unrealized losses, estimated at $12.27B and $10.35B, respectively. The report followed a sharp market slide that saw bitcoin fall to $59,000 on Friday, while other corporate holders such as SharpLink, Metaplanet, and Forward Industries were also shown with sizable paper drawdowns.
BTC
BTC+2.11%
Acum 4 h