Week #38

USD/BTC = $76,576
Block 950,856

Here are the stocks I plan on buying this week:Here are the stocks I plan on buying this week:

🐂 = Bull Case
🐻 = Bear Case

Latest Updates:Latest Updates:

Cathedra: Getting Sphere 3D shares June 1stCathedra: Getting Sphere 3D shares June 1st

Cathedra Bitcoin Announces Securityholder Approval of Plan of ArrangementCathedra Bitcoin Announces Securityholder Approval of Plan of Arrangement

May 15, 2026May 15, 2026

TORONTO, ONTARIO, MAY 15, 2026 – (NEWSFILE) – Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) (the “Company” or “Cathedra”) is pleased to announce that its securityholders have approved the special resolution (the “Special Resolution”) authorizing the statutory plan of arrangement (the “Transaction”) with Sphere 3D Corp. (“Sphere”) at the special meeting of Securityholders (as defined below) held on May 15, 2026 (the “Meeting”).

Securityholder Approval

At the Meeting, the Special Resolution was approved overwhelmingly by (i) 99.95% of the votes cast by shareholders of Cathedra (“Shareholders”) present in person or represented by proxy at the Meeting, and (ii) 99.95% of the votes cast by Shareholders and the holders of warrants, options and restricted share units (collectively, the “Securityholders”) present in person or represented by proxy at the Meeting.

“We are very pleased to have received overwhelming support from our shareholders, marking an important milestone toward completing the Transaction with Sphere 3D,” said Joel Block, Chief Executive Officer of Cathedra. “We continue to work closely with Sphere as we advance toward an expected closing on June 1, 2026, and we are excited about the future opportunities for the combined company as demand for scalable, power-optimized digital infrastructure continues to grow.” 

Transaction Update 

The Transaction is expected to close on June 1, 2026, subject to, among other things, the Company obtaining a final order from the Supreme Court of British Columbia in respect of the Transaction (the “Final Order”) and the satisfaction or waiver of certain other customary closing conditions. The hearing for the Final Order is scheduled to take place on May 25, 2026.

Further details regarding the Transaction are set out in the management information circular of Cathedra dated April 2, 2026, which is available on SEDAR+ (http://www.sedarplus.ca/ under Cathedra’s issuer profile.

Nakamoto (No more Dashboard, and 40-1 Reverse Stock Split)Nakamoto (No more Dashboard, and 40-1 Reverse Stock Split)

Why We Are Discontinuing Nakamoto’s Live Metrics DashboardWhy We Are Discontinuing Nakamoto’s Live Metrics Dashboard

05.13.26

Over the past year, we have expanded into broader Bitcoin-native operating businesses through the acquisitions of UTXO Management and BTC Inc., in addition to the development of more sophisticated treasury and capital markets strategies. As a result, the structure of our business has changed, and maintaining a public-facing live dashboard is no longer practical or appropriate. Nakamoto’s Bitcoin holdings, debt, cash, and share count will continue to be posted to our Investor Relations websiteaccording to the most recent quarterly filings.

Nakamoto Announces Expansion of Board of DirectorsNakamoto Announces Expansion of Board of Directors

Appoints Tyler Evans to Company Board

Nakamoto Inc. (Nasdaq: NAKA) (“Nakamoto” or the “Company”) today announced that its Board of Directors (the “Board”) has increased the size of the Board from six to seven members and appointed Tyler Evans, Chief Investment Officer of Nakamoto, to fill the newly created vacancy as a Class II Director. The appointment is effective May 22, 2026.

With his appointment to the Board, Mr. Evans expands his leadership role at Nakamoto alongside his position as Chief Investment Officer, where he leads the Company’s origination and investment strategy.

“Tyler brings a strong combination of operational discipline, capital markets knowledge, and public company experience that will be increasingly important as Nakamoto continues to scale,” said David Bailey, Chairman and CEO of Nakamoto. “As we continue to prioritize thoughtful balance sheet management, strategic capital allocation, and long-term shareholder value creation, we believe Tyler’s experience and perspective will be a meaningful addition to the Board.”

Following Stockholder Approval, Nakamoto Announces 1-for-40 Reverse Stock Split to be Effective on May 22, 2026Following Stockholder Approval, Nakamoto Announces 1-for-40 Reverse Stock Split to be Effective on May 22, 2026

Intended to Support Compliance with Nasdaq’s Minimum Bid Price Requirement for Continued Listing

Nakamoto Inc. (Nasdaq: NAKA) (“Nakamoto” or the “Company”), today announced a 1-for-40 reverse stock split of its outstanding common stock (the “Reverse Stock Split”). The Reverse Stock Split will become effective at 12:01 a.m. ET on May 22, 2026. The Company’s common stock is expected to begin trading on a split-adjusted basis on the Nasdaq under the same symbol “NAKA” when the market opens on May 22, 2026, with the new CUSIP number 49457M205.

At the Company's special meeting of stockholders held on May 8, 2026, the Company’s stockholders approved a proposal to allow the Board to proceed with a reverse split of no less than 1-for-20 shares of common stock and no more than 1-for-50 shares of common stock. Subsequently, the Board approved the 1-for-40 shares of common stock ratio for the Reverse Stock Split.

The Reverse Stock Split is intended to increase the per share trading price of the Company’s common stock to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(a)(1). The Reverse Stock Split will reduce the number of outstanding shares of the Company’s common stock from approximately 696.1 million shares pre-reverse split to approximately 17.4 million shares post-reverse split.

The number of authorized shares of common stock and the par value per share will remain unchanged. As a result of the Reverse Stock Split, every 40 shares of Nakamoto’s pre-reverse split common stock will be combined and reclassified into one share of common stock. Proportionate voting rights and other rights of such holders will not be affected by the Reverse Stock Split. No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who would otherwise be entitled to receive a fractional share will automatically be entitled to receive cash in lieu of such fractional share.

Strive (The Daily Dividend Company)Strive (The Daily Dividend Company)

Since the daily dividend announcement SATA has been hitting the $100.00 par value which triggers Strive to buy BTC. According to the dashboard above they added 300+ BTC.

Twenty-OneTwenty-One

Tether buys out Softbank. Consolidates powerTether buys out Softbank. Consolidates power

Twenty One Capital Outlines Operating Plans to Build the Bitcoin CompanyTwenty One Capital Outlines Operating Plans to Build the Bitcoin Company

MAY 20, 2026

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AUSTIN, Texas--(BUSINESS WIRE)-- Twenty One Capital, Inc. (“Twenty One” or “XXI”) is building a Bitcoin-native public company designed to give investors differentiated exposure to Bitcoin. XXI’s strategy is to bring together Bitcoin treasury, financial services, mining, and capital markets into a single operating platform focused on recurring revenue, capital-efficient Bitcoin accumulation, and long-term value creation.

Tether International, S.A. de C.V. (“Tether International”), XXI’s controlling shareholder, announced today that it has acquired SoftBank Group’s stake in XXI, further aligning the Company’s shareholder base to advance its long-term Bitcoin strategy. At the closing of the transaction, SoftBank Group’s representatives on the XXI Board of Directors stepped down in accordance with XXI’s shareholder agreement.

SoftBank Group has played an important role in XXI’s formation and early development, bringing the perspective of one of the world’s most experienced technology investors to the Board. Its track record of backing category-defining companies across technology, infrastructure, financial services, and communications has helped shape global markets over multiple cycles, and its involvement gave XXI meaningful institutional depth at a foundational stage for the business.

With Tether’s deepened commitment, Twenty One enters its next phase with strong shareholder alignment and a clearer path to advance the operating vision it was created to pursue.

Twenty One remains focused on becoming the premier listed Bitcoin company in the world: a public company that moves beyond treasury exposure alone by combining Bitcoin treasury, financial services, mining, lending, capital markets, and strategic consolidation into one integrated platform.

The Company believes this approach can create a new model for Bitcoin-native public companies, with operating businesses and recurring revenue opportunities designed around long-term Bitcoin accumulation as the central objective.

BANKRUPT ALERT! 💸BANKRUPT ALERT! 💸

Bitcoin DepotBitcoin Depot

Files bankrupt. Liquidated shares.

Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company’s AssetsBitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company’s Assets

May 18, 2026 12:14 AM EDT Download as PDF

ATLANTA, May 18, 2026 (GLOBE NEWSWIRE) -- Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced that it has initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to effect an orderly wind-down of the Company’s operations and facilitate a sale of its assets.

“Over time, the Company has continued to strengthen its protocols and procedures to combat fraud and protect the customers who use its BTMs, including enhanced identity verification, customer fraud warnings, and its more recent adoption of lower transaction limits for its customers,” said Alex Holmes, CEO of Bitcoin Depot. “Nevertheless, the regulatory environment for BTM operators has shifted significantly: states have imposed increasingly stringent compliance obligations, including new transaction limits, and in some jurisdictions, outright restrictions or bans on BTM operations; and operators have faced increasing litigation and regulatory enforcement. These developments have materially affected Bitcoin Depot’s business and financial position. Under these circumstances, the Company’s current business model is unsustainable.”

Holmes continued, “After evaluating all options, we determined to initiate this court-supervised process to facilitate an orderly wind-down of operations and a sale of the Company’s assets. We are grateful to our customers, suppliers, and business partners for their support. I also want to thank our employees across the globe for their continued hard work and dedication.”

The Company’s network of BTMs has been taken offline. Bitcoin Depot has filed a number of customary “first day” motions with the Court.

BitGo (Adds Lightning)BitGo (Adds Lightning)

BitGo Adds Lightning Network Support to Crypto-as-a-ServiceBitGo Adds Lightning Network Support to Crypto-as-a-Service

May 20, 2026

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New capability enables businesses to embed fast, low-cost bitcoin payment functionality through BitGo’s regulated digital asset infrastructure

NEW YORK--(BUSINESS WIRE)-- BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, today announced support for Lightning Network through BitGo’s Crypto-as-a-Service solution, enabling businesses to embed fast, low-cost bitcoin payment functionality directly into their products and user experiences.

The new capability combines Lightning Network bitcoin payment rails with BitGo’s regulated digital asset infrastructure, including qualified custody, API-driven wallet services, and nationwide coverage through BitGo Bank & Trust, National Association, a federally chartered digital asset trust bank supervised by the Office of the Comptroller of the Currency. Through a strategic partnership with Voltage, BitGo will also support automated node and liquidity management, helping to reduce the operational complexity typically associated with deploying Lightning infrastructure at scale.

“Bitcoin was designed to be open, global, and accessible, but businesses need trusted infrastructure to bring that promise into everyday financial experiences,” said Mike Belshe, CEO and Co-founder of BitGo. “By adding Lightning Network support to BitGo’s Crypto-as-a-Service, we are giving enterprises a path to deliver fast, low-cost bitcoin payments with the regulatory, security, and operational foundation they expect from BitGo.”

The Lightning Network is a Layer 2 protocol built on top of bitcoin that enables faster and lower-cost transactions by using offchain payment channels that ultimately settle back to the bitcoin blockchain. With Lightning support, BitGo’s Crypto-as-a-Service solution is designed to help fintechs, exchanges, payments platforms, and consumer applications facilitate near-instant bitcoin payments, reduce transaction costs, and support use cases such as deposits and withdrawals, merchant settlement, micropayments, rewards, and in-app bitcoin transfers.

“Lightning on its own is powerful, but deploying it at enterprise scale requires more than a payment rail,” said Frank Wang, Managing Director and Head of Fintech Sales at BitGo. “Our Crypto-as-a-Service solutions bring together 50 state licensing coverage, custody, wallet infrastructure, liquidity management, and APIs so businesses can add bitcoin payment functionality without taking on the full burden of building and operating the underlying infrastructure themselves.”

BitGo’s Crypto-as-a-Service provides an API-driven framework for businesses seeking to embed digital asset functionality into their own products. The platform supports a range of digital asset services, including custody, wallet infrastructure, trading workflows, and settlement capabilities, while helping businesses reduce the complexity of operating regulated digital asset infrastructure independently.

New Stock 🚨 Bitcoin Infrastructure Acquisition Corp. Ltd. Class A 🚨New Stock 🚨 Bitcoin Infrastructure Acquisition Corp. Ltd. Class A 🚨

• 🐂: A few months ago Ryan Gentry of Lightning Labs went on Marty’s podcast and talked an about this venture. I like Ryan and the team he has built is quite impressive.

Ryan Gentry — Chief Executive Officer and Director
Mr. Gentry has worked in the bitcoin and digital asset industry since 2018, including as Head of Business Development at Lightning Labs and Lead Analyst at Multicoin Capital. He began his career as a Controls Engineer at Intel, and holds degrees a Bachelor's in Aerospace Engineering from the University of Texas at Austin, and a Masters in Electrical and Computer Engineering from Georgia Tech.

Vikas Mittal — Chairman of the Board
Mr. Mittal is the Managing Member and Chief Investment Officer of Meteora Capital, where he focuses on special situations and SPAC-related investments. He has more than two decades of experience in public markets and previously held senior roles at Glazer Capital.

James DeAngelis — Chief Financial Officer
Mr. DeAngelis has served in multiple public company finance and operations roles, including as a segment chief financial officer at Kroll Government Solutions, LLC and as CFO/COO of Verus Analytics. He has extensive experience with SEC reporting, capital markets transactions, and financial planning.

Parker White — Independent Director
Mr. White is the current COO and CIO at DeFi Dev Corp (NASDAQ:DFDV). He previously served as an Engineering Director at Kraken Digital Asset Exchange, and Director of Research and Trading for TCG Advisors. He brings expertise in trading, custody, and digital asset market structure. Mr. White earned a bachelor’s degree in finance from the University of Texas.

Pierre Rochard — Independent Director
Mr. Rochard is the Founder and CEO of the Bitcoin Bond Company, and also serves on the Board of Directors for Strive, Inc. (NASDAQ:ASST). Previously, he has served as VP of Research for Riot Platforms Inc. (NASDAQ:RIOT), and as a PM at Kraken Digital Asset Exchange. He brings deep expertise in Bitcoin, financial innovation and regulatory engagement. Mr. Rochard was educated at the University of Texas at Austin, where he earned his Bachelor of Business Administration and Master’s degrees in Accounting.

Tyler Evans — Independent Director
Mr. Evans is a co-founder and Managing Partner of UTXO Management and a co-founder of BTC Inc., publisher of Bitcoin Magazine and organizer of the global Bitcoin conference series. He has led venture and hedge fund investments across the Bitcoin ecosystem and serves on multiple public and private company boards, including as CIO of Nakamoto (NASDAQ:NAKA), Metaplanet Inc. (TSE:3350), and Smarter Web Company PLC (AQSE:SWC). Mr. Evans holds a degree in Chemical Engineering from the University of Alabama.

I am curious to know what they will do with this SPAC. Already having SPAC exposure I doubling down on these investors finding good businesses and injecting BTC principles into their operations.

• 🐻: SPACs have a bad rep for being exit liquidity to dump on retail. I hoping with this SPAC and Ryan’s deep knowledge about Lightning he can use his skills and expertise to bring deep value to the business they acquire and ultimately return profits to the shareholders. But this could fail. Buying at these prices the SPAC can dump over night and I could be underwater. Or it takes them years to find a deal. The loss here would be the opportunity cost of not just buying bitcoin or other investments that would have appreciated at the time this company was looking for it merger/acquisition.

Commentary:Commentary:

Bummer that BTM went bankrupt. The stock was trading very strangely these last few weeks. I could have sold at the top for a decent fiat gain but I am a long term investor. I hope over the next 15-20 years these companies execute on their plans and provide shareholder value by paying a dividend after they finish growing.