Saylor signals BTC buy; THORChain opens $10M recovery
Michael Saylor signaled Strategy will buy more Bitcoin and urged retail votes on STRC dividends; THORChain opened a $10 million recovery portal after an exploit that drained 36.75 BTC and tokens.
Michael Saylor posted late Sunday that Strategy, the Bitcoin treasury company he chairs, plans to buy more Bitcoin in the week ahead and urged retail holders to vote on a proxy to change dividend payments on STRC perpetual preferred stock. He posted “Big Dot Energy” alongside a bubble chart from StrategyTracker.com that maps the company’s Bitcoin purchases over nearly six years.
The proxy would allow Strategy to pay dividends on STRC twice a month if shareholders approve it. Retail holders own about 80% of the STRC perpetual preferred shares, and Strategy’s social feeds urged those holders to cast votes on the proposal.
THORChain confirmed an exploit that it says was detected at 02:14 UTC on May 11, when node operators flagged abnormal outbound transactions. Trading and outbound signing were paused within eight minutes. Attackers removed 36.75 BTC, worth about $3 million, and roughly $7 million in tokens across BNB Chain, Ethereum and Base, impacting 12,847 wallets across four chains.
The protocol launched a recovery portal on Saturday that lets affected users revoke malicious token approvals from their own wallets and submit claims for refunds. THORChain wrote that “affected users are now able to check what they will be paid as compensation following the exploit.” The claims process is backed by a treasury-provisioned refund pool equal to $10 million. Users have 21 days from the portal launch to file claims; the refund window closes on June 4. Any unclaimed allocation will be transferred to the protocol’s insurance fund after the deadline.
Italy’s Intesa Sanpaolo increased its crypto holdings to about $235 million as of March 31, 2026, up from roughly $100 million at the end of 2025. The bank expanded Bitcoin positions via ARK 21Shares BTC ETF and BlackRock’s iShares Bitcoin Trust ETF, opened Ethereum exposure through BlackRock’s iShares Staked Ethereum Trust, and acquired about $26 million in the Grayscale XRP Trust. The bank also added a position in iShares Bitcoin Trust call options and reduced its Solana exposure in the Bitwise Solana Staking ETF from 266,320 shares to 2,817. The bank confirmed these positions are held for proprietary trading.
The proxy vote for STRC and the June 4 deadline for THORChain claims are the immediate actions noted by the companies.
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