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Saylor's Strategy Scoops Up Another $2B Bitcoin, Holdings Reach 843,738 BTC

Saylor's Strategy Scoops Up Another $2B Bitcoin, Holdings Reach 843,738 BTC

Authored by Helen Partz via CoinTelegraph.com,

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000.

Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission.

Source: SEC

The purchases were made at an average price of $80,985 per BTC, raising Strategy’s cost basis to $75,700.

The company now holds 843,738 BTC, acquired for about $63.87 billion. At the time of publication, the holdings were valued at roughly $65.3 billion, according to CoinGecko.

STRC sales account for 97% of the entire purchase

Strategy funded nearly all of its latest Bitcoin purchase through sales of its STRC perpetual preferred stock, which accounted for about 97% of total proceeds.

According to the SEC filing, Strategy raised roughly $1.95 billion from the sale of about 19.5 million STRC shares.

In comparison, Strategy’s Class A common stock (MSTR) contributed a smaller share of funding, generating about $83.7 million in net proceeds from the sale of 430,344 shares.

Source: SEC

The outcome was broadly in line with expectations from STRC Live, which reported heavy STRC activity during the week, including a record trading day of 15.1 million shares, with estimated purchases of around 15,466 BTC.

The structure mirrors previous large bitcoin buys this year, including a 34,164 BTC purchase, Strategy’s third-largest on record, which was also largely financed through preferred securities rather than common equity.

Strategy co-founder Saylor previously signaled that the company would add to its Bitcoin holdings by posting a chart showing Strategy’s purchase history with 109 Bitcoin acquisition events since 2020.

Its 843,738 BTC now far outpaces BlackRock, the world’s largest asset manager, which holds around 817,000 BTC on behalf of its clients.

The purchases came a week after Saylor raised the possibility of selling Bitcoin during Strategy’s recent earnings call, framing it as a way to better protect the asset’s long-term value.

He said that sticking too rigidly to a “never sell” Bitcoin approach could, over time, work against the very asset the company is built to accumulate and hold.

Tyler Durden Mon, 05/18/2026 - 14:50

Senate Parliamentarian Rejects White House Ballroom Funding In Reconciliation Bill

Senate Parliamentarian Rejects White House Ballroom Funding In Reconciliation Bill

Authored by Joseph Lord via The Epoch Times,

The Senate’s nonpartisan referee has rejected a bid by Republicans to fund $1 billion for the White House ballroom expansion and other White House security upgrades.

According to Senate Parliamentarian Elizabeth MacDonough, the $1 billion proposal breaks the rules of the reconciliation process. As parliamentarian, MacDonough’s go-ahead is traditionally required to approve individual items passed under the partisan process.

Republicans are seeking to use the reconciliation process—which is not subject to the filibuster—to pass $72 billion in funding for Immigration and Customs Enforcement (ICE) and Customs and Border Protection, which has been blocked by Democrats in the wake of fatal shootings of U.S. citizens by immigration agents. The GOP bill would fund the agencies through 2029, the end of President Donald Trump’s second term.

Trump has long pushed for the addition of a major ballroom to the East Wing of the White House, particularly in the wake of an alleged assassination attempt while attending an event away from the executive mansion.

The Secret Service had requested the money after the incident at the White House Correspondents’ Association dinner last month.

Republicans had pursued including this funding in an immigration enforcement funding package.

According to Democrats, MacDonough’s ruling holds that funding for a project as large as the proposed White House expansion is too broad to be included in the filibuster-proof bill.

It’s unclear which, if any, segments of the GOP proposal can be included in the final funding bill.

The parliamentarian left the bulk of the bill’s immigration language intact, barring some minor provisions such as the one providing funding for Customs and Border Protection to hire, train, and pay agents. Republicans have indicated that these sections can be revised and retained in the legislation.

A model of the White House and proposed ballroom (R) is displayed during a ballroom fundraising dinner with President Donald Trump in the East Room of the White House on Oct. 15, 2025. Kevin Dietsch/Getty Images

Technically, Republicans can ignore MacDonough’s rulings, which are ultimately considered advisory; however, respect for the parliamentarian’s authority is so deeply embedded in the upper chamber’s culture that this rarely happens.

Ignoring or overriding a ruling on a budget reconciliation bill would set a precedent that could deeply weaken the filibuster, an eventuality that members of both parties have long wished to avoid.

In 2021, after the Senate parliamentarian rejected a bid by Democrats to include a $15 minimum wage in a reconciliation package, some Democrats called for the ruling to be overturned; however, these calls were ultimately rejected.

Senate Majority Leader John Thune (R-S.D.) speaks to members of the press in Washington on April 14, 2026. Madalina Kilroy/The Epoch Times

A spokesman for Senate Majority Leader John Thune (R-S.D.) wrote in a post on X that “none of this is abnormal” during the complicated budget process that Republicans are using to try to pass the immigration enforcement and White House security money on a partisan basis.

“Redraft. Refine. Resubmit,” Wrasse said in the post.

Senate Minority Leader Chuck Schumer (D-N.Y.) framed the ruling as a win for Democrats.

“Republicans tried to make taxpayers foot the bill for Trump’s billion-dollar ballroom. Senate Democrats fought back — and blew up their first attempt,” Schumer wrote in a May 17 post on X.

“Americans don’t want a ballroom. They don’t need a ballroom. And they sure as hell should not be forced to pay for one,” Schumer added, vowing that Democrats would continue to seek to block funding for the White House expansion.

Tyler Durden Mon, 05/18/2026 - 14:15

Judge Dismisses Musk's OpenAI Lawsuit After Jury Reaches Verdict

Judge Dismisses Musk's OpenAI Lawsuit After Jury Reaches Verdict

Update: Musk to appeal

*  *  * 

A nine-person federal jury has sided with OpenAI, Sam Altman, Greg Brockman, and Microsoft, determining that Elon Musk filed his high-profile lawsuit too late under the statute of limitations. The verdict effectively ends Musk’s claims that OpenAI abandoned its founding nonprofit mission to benefit humanity.

The jury unanimously concluded that Musk knew or should have known about OpenAI’s shift toward a for-profit model and major Microsoft partnerships years earlier - potentially as far back as 2019–2021, making his August 2024 filing untimely. U.S. District Judge Yvonne Gonzalez Rogers in turn accepted the advisory jury’s finding on this threshold issue and dismissed the case. 

Musk, a co-founder who contributed roughly $38–44 million in OpenAI’s early days, alleged that the company betrayed its original charitable trust by pursuing massive profits and commercial deals, particularly with Microsoft. He sought up to $150 billion in damages or “ill-gotten gains,” the removal of Altman and Brockman from leadership, and a restructuring to restore the nonprofit focus on safe, humanity-benefiting AI.

OpenAI countered that Musk was fully aware of the company’s evolving plans (including for-profit elements he himself had once advocated), waited until after launching his competing xAI venture in 2023, and was motivated by competitive rivalry rather than genuine concern for the mission. They described the suit as “sour grapes.”

Developing...

Tyler Durden Mon, 05/18/2026 - 13:38

Judge Tosses Key Evidence In Luigi Mangione Case Over Warrantless Backpack Search

Judge Tosses Key Evidence In Luigi Mangione Case Over Warrantless Backpack Search

A judge just handed Luigi Mangione some big wins in his high-profile murder case. On Monday, New York Supreme Court Justice Gregory Carro issued a mixed ruling on evidence seized during the suspect’s dramatic arrest at a Pennsylvania McDonald’s. The decision represents a partial victory for the defense on constitutional grounds while delivering a significant boost to prosecutors by preserving the most damning pieces of physical evidence linking Mangione to the assassination of UnitedHealthcare CEO Brian Thompson.

Mangione, 28, appeared in court for the hearing, dressed sharply as he has throughout proceedings. He has pleaded not guilty to second-degree murder and other charges in the Dec. 4, 2024, killing that shocked the nation and ignited fierce public debate over corporate greed in the American healthcare system.

The Arrest and the Evidence at Stake

The ruling stems from Mangione’s arrest on Dec. 9, 2024, in Altoona, Pennsylvania - roughly 280 miles from the Manhattan crime scene. Police responded to a tip after Mangione was recognized while eating breakfast. Officers approached him, and what followed became the focal point of lengthy suppression hearings held late last year.

During the initial encounter at the McDonald’s, officers conducted a warrantless search of Mangione’s backpack in a public setting, visible to restaurant employees and patrons. They discovered a loaded gun magazine wrapped in underwear and other items. The search was paused, and Mangione was taken to the Altoona police station, where a more formal inventory search occurred.

Justice Carro ruled that the initial McDonald’s search was improper - an unconstitutional warrantless intrusion because the backpack was not within Mangione’s immediate control or reach at the time. As a result, several items recovered during that phase are now suppressed and inadmissible in the state trial.

The Ditched Evidence Includes:

  • Loaded handgun magazine
  • Cellphone
  • Passport
  • Wallet
  • Computer chip
  • Certain initial statements made by Mangione to officers at the scene

However, the judge found the subsequent search at the police station valid, allowing prosecutors to use critical items recovered there.

Admissible Key Evidence:

  • The alleged murder weapon: A 3D-printed “ghost gun” with a silencer, which ballistics reportedly match to shell casings found at the crime scene.
  • A red notebook containing handwritten notes expressing deep frustration with the health insurance industry—often described in media as a “manifesto.”
  • USB drive and related items from the station search.

This split decision mirrors similar outcomes in Mangione’s separate federal case and underscores the complexities of Fourth Amendment jurisprudence in high-stakes arrests.

The Crime That Captivated America

To understand the ruling’s weight, one must revisit the events of December 2024. On the morning of Dec. 4, Brian Thompson, 50, a father of two and CEO of UnitedHealthcare, was gunned down in cold blood outside the New York Hilton Midtown. He was heading to an investors’ conference when a masked assailant approached from behind and fired multiple shots. Thompson was struck in the back and leg; he died shortly after.

The killer fled on a bicycle, leaving behind shell casings engraved with the words “delay,” “deny,” and “depose” - phrases widely interpreted as a pointed critique of insurance industry practices that deny claims and delay care. Surveillance video, fingerprints, DNA, and other forensic links quickly pointed investigators toward Mangione, a 26-year-old University of Pennsylvania graduate from a well-to-do Maryland family with a background in engineering.

Mangione’s arrest five days later, with a fake ID and a backpack full of incriminating items, ended a intense manhunt. His Ivy League education, handsome appearance, and apparent grievances against corporate America turned him into an unlikely folk hero for some. Protests, “Free Luigi” chants, and online memes have accompanied the case from the start, reflecting broader societal anger over healthcare costs, claim denials, and corporate profiteering.

Legal Strategy and Implications

For the defense, led by prominent attorneys, the suppression motion was a cornerstone of their strategy. By challenging the backpack search, they hoped to dismantle much of the prosecution’s physical case. While they secured wins on peripheral items, the admission of the gun and notebook is a heavy blow. The notebook, in particular, could allow prosecutors to argue motive and premeditation before a jury.

Manhattan District Attorney Alvin Bragg’s office hailed the ruling as preserving justice for a “premeditated, targeted” killing. Bragg has emphasized that additional evidence - beyond the backpack - ties Mangione to the scene, including video footage, ballistics, and witness identifications.

Legal experts describe the outcome as a classic “partial win” scenario. Defense attorneys may appeal the admissible evidence or challenge statements under Miranda rules (the judge also addressed Huntley issues regarding voluntariness of statements). However, with the weapon and writings intact, the state’s case remains formidable.

The state trial is scheduled to begin September 8, 2026, in Manhattan Criminal Court. A separate federal case, charging stalking and other counts, carries potential life sentences but no death penalty following an earlier federal ruling. Mangione remains detained at the Metropolitan Detention Center in Brooklyn.

Tyler Durden Mon, 05/18/2026 - 13:30

Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit

Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit

Just 24 hours before Presidents Vladimir Putin and Xi Jinping are set to meet for their planned summit in Beijing, soon on the heels of Trump's visit, and a geopolitical wrench may have just been thrown into the works.

According to Ukrainian President Volodymyr Zelensky, Russian forces have attacked a Chinese ship heading toward a Ukrainian port - a provocative move that threatens to seriously anger Beijing at the worst possible diplomatic moment.

via Ukraine Navy

Early Monday morning, a Russian drone reportedly struck the KSL Deyang, a vessel flying under the Marshall Islands flag, just off the coast of Ukraine, Reuters also confirms.

The ship was reportedly empty at the time while en route to Ukraine's Pivdennyi port in the Odesa region to load up on iron ore concentrate.

A fire was observed on board, but it was quickly brought under control and extinguished, with the vessel escaping severe damage. 

The Ukrainian government is alleging this wasn't some kind of accidental fog-of-war blunder, with President Zelensky immediately calling out Moscow:

“Drones struck Odesa ... and one of the UAVs hit a vessel owned by China. The Russians could not have been unaware of what vessel was at sea,” Zelensky said.

A Ukrainian navy spokesman told AFP that none of the crew members, all Chinese nationals, were injured. He added that the vessel continued on its journey.

“The ship was entering for loading. After it was hit at night by a Shahed, the crew coped with the consequences on their own. Fortunately, no one was injured, and the vessel continued on its way to its port of destination,” navy spokesman Dmytro Pletenchuk said.

The incident went down just after on Sunday Xi and Putin had just exchanged "congratulatory letters" to set the stage for Putin's upcoming arrival in Beijing. 

The China-owned vessel wasn't the only ship attacked within that span of time. According to The Independent:

Russia attacked a Panama-flagged civilian vessel heading to Ukraine's Chornomorsk port in the southern Odesa region on the Black Sea early on Monday, the regional governor said.

It is one of several ships destined for Ukrainian ports that have been struck by Russian forces in the past day.

The vessel was damaged in the attack, which caused a fire, Governor Oleh Kiper said on the Telegram messaging app, adding that no one had been injured in the incident and that the crew had extinguished the fire. The vessel has continued on its way, the governor added.

TradeWinds is also suggesting a third ship was struck, but few details have been given. Black Sea transit continues to be a dangerous prospect, also with naval mines long being a feature of the 4+ year long war.

Tyler Durden Mon, 05/18/2026 - 12:00

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