This week in Web3: institutions double down on Bitcoin, exchanges broaden their services, and regulators wrap up one high-profile NFT probe.

Strategy Pushes BTC Holdings Past 530K With Latest Buy

Continuing its Bitcoin buying streak, Strategy announced the acquisition of 3,459 BTC this past week, totaling roughly $292 million. With an average purchase price of $82,618 per BTC, the company’s holdings have now grown to a staggering 531,644 BTC, currently valued at over $45 billion.

This marks the firm’s third consecutive Monday announcement, reinforcing its clear accumulation strategy. Analysts see this as part of a growing trend of institutional adoption, with Bitcoin being viewed as a hedge against inflation and fiat currency devaluation.

Strategy’s aggressive play mirrors moves made by early crypto adopters like MicroStrategy, though on a much larger scale in terms of both frequency and size.

Kraken Adds Equities and Forex Perpetuals to Its Product Suite

Crypto exchange Kraken has taken a bold step by rolling out stock and ETF trading with zero commissions in select parts of the U.S., along with launching forex perpetual futures on its derivatives platform.

The two new contracts — GBP/USD and EUR/USD — offer up to 20x leverage, appealing to advanced traders who want access to macro asset exposure through a crypto-native platform.

These additions show Kraken’s ambition to become a multi-asset hub, not just a crypto exchange, offering tools and markets for both retail and institutional users.

SEC Closes CyberKongz Investigation, Rebrand on the Horizon

After months of regulatory limbo, the SEC has officially dropped its investigation into CyberKongz, the NFT project confirmed on X. The news clears the air for CyberKongz, a prominent early NFT brand that has maintained a strong community despite legal uncertainties.

With the investigation behind them, the team revealed they are planning a project rebrand, signaling a new era of growth and community focus. This move may help re-energize interest in the project as the NFT sector prepares for a new market cycle.