MicroStrategy Executive Chairman Michael Saylor has publicly suggested technology giant Apple incorporate Bitcoin into its corporate strategy. Saylor proposed that Apple utilize a portion of its $110 billion stock buyback program to purchase Bitcoin, positioning it as a method to enhance shareholder value. This suggestion comes as Apple’s stock has declined approximately 17% this year, contrasting with Bitcoin’s rally of over 11% during the same period.
Saylor emphasized Bitcoin’s long-term outperformance, noting its surge exceeding 1,000% over the past five years compared to Apple’s stock increase of 137%. He framed Bitcoin as a high-growth asset class suitable for corporate treasury diversification.
In related regulatory commentary, former SEC Chair Paul Atkins criticized previous restrictive cryptocurrency policies. Atkins advocated for clearer regulations supporting self-custody of digital assets, arguing this would foster innovation and encourage broader corporate adoption.
Meanwhile, the resolution of the FTX bankruptcy faces ongoing complexities. Creditors are disputing approximately $2.2 billion in claims, causing delays despite the FTX Recovery Trust having already distributed over $5 billion. Jurisdictional issues continue to hinder the final settlement process.
On the blockchain adoption front, Avalanche achieved over 1 million daily transactions twice within a single week. This surge in network activity is largely attributed to the launch of the highly anticipated blockchain game, MapleStory Universe, demonstrating the significant impact of gaming on network growth.
In DeFi developments, PancakeSwap has enhanced user experience by integrating one-click crosschain swaps via the Across Protocol. This feature aims to improve usability by significantly reducing transaction costs and mitigating the security risks commonly associated with traditional cross-chain bridges.