The crypto weekly recap highlights an eventful week. Bitcoin reached the $80,000 milestone on Monday for the first time since January. Tom Lee says Bitcoin will gain to $250,000. Meanwhile, Strategy may sell Bitcoin, and COIN stock is still going up even if the company made a $394 million loss.
Strategy Teases at Potential Bitcoin Sale to Fund STRC Dividends
For many years, Strategy has been known as a Bitcoin buyer and not a seller. It has accumulated more than 800,0000 BTC since it started buying in 2020, and for five years, it has never mentioned it will sell until this week.
As reported by CoinGape, Saylor said that Strategy is considering selling Bitcoin and using that money to pay for STRC dividends. But this did not bode well for MSTR stock, and it fell by more than 4% as soon as the announcement was made.
Strategy also dominated crypto conversations after Q1 earnings revealed a profit of $5.1 billion, and a recap of it shows that STRC is doing a lot of heavy lifting to bring more funds that Strategy can later use to buy Bitcoin.
Tom Lee Says Bitcoin Will Reach $250,000 in 2026
Bitcoin clocked the $80,000 milestone, and this was enough to fuel bullish talks. Tom Lee says that Bitcoin is going to reach the $250,000 milestone before 2026 ends because of the new Fed Chair, Kevin Warsh.
Although known as an Ethereum maxi, Tom Lee’s bullish long‑term Bitcoin forecast still carries weight.
A recap of a Bitcoin price analysis by CoinGape shows that getting to the $250,000 peak will take time, even after Bitcoin led crypto weekly gains. Bitcoin faces resistance at $85,000 and $96,000 on the way to $100,000.
COIN Stock Rises Despite Losses
Coinbase reported a $394 million Q1 2026 loss, which pushed the stock down. Yesterday COIN reversed, rising about 4% to close at $201.
The 4% gain was a surprising turn of events because on Friday, Coinbase also experienced an outage that lasted for more than five hours.
Coinbase CEO Brian Armstrong also said this week that the company will cut its workforce by 14% because it is focusing more on AI.
Coinbase is one of the biggest exchanges with $1.1 billion trading volumes and whatever goes on with it tends to affect the rest of the market in either a good or a bad way.
CLARITY Act Vote Set for May 14
The Senate Banking Committee will vote on May 14 on whether the CLARITY Act will go forward. Because of how long the crypto market has waited for this bill, setting this date is one of the top things that happened this week.
This bill has been the leading topic of discussion by Treasury Secretary Scott Bessent and the chairs of the SEC and the CFTC, and they keep saying Senate needs to pass it.
With only five days left before the US can either advance or block one of the most impactful bills for the crypto space, some volatility with Bitcoin may happen.
Strategic Bitcoin Reserve to Come in Weeks
White House adviser Patrick Witt has revived talks about establishing a Bitcoin reserve, a promise that made the crypto community support Trump’s re-election in 2024.
Witt said the reserve will be established a few weeks from now, but he did not give a date. But from when he made his statement, it puts the potential launch to mid-June 2026.
When you recap the vote for the CLARITY Act and the reserve that is coming a few weeks from now, one can see why the recent weekly gains might be the beginning of a more bold rally for crypto.
