RWA

RWA (Real World Assets) refers to the tokenization of tangible assets—such as real estate, private credit, and government bonds—on the blockchain. By bringing traditional financial instruments on-chain, RWA protocols like Ondo and Centrifuge provide DeFi users with stable, real-yield opportunities. In 2026, the RWA sector is a multi-trillion-dollar bridge between TradFi and DeFi, enabling fractional ownership and global liquidity for previously illiquid assets. Follow this tag for insights into on-chain credit markets, regulatory compliance, and asset-backed security innovations.

41967 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
MicroStrategy Reports $14B Bitcoin Gains in Q2 While Launching $4.2B STRD Stock Program to Buy More BTC

MicroStrategy Reports $14B Bitcoin Gains in Q2 While Launching $4.2B STRD Stock Program to Buy More BTC

MicroStrategy, operating as Strategy, recorded $14.05 billion in unrealized Bitcoin gains during Q2 2025, elevating the company to the exclusive tier of corporate giants typically reserved for Amazon and JPMorgan Chase . The dramatic turnaround from its software business roots comes as the company simultaneously launched a $4.2 billion STRD preferred stock program to acquire additional Bitcoin. Biggest Bitcoin Gains, Yet Still Buying More The record quarterly gain is attributed to Bitcoin’s price recovery and the Strategy’s adoption of Accounting Standards Update No. 2023-08 , effective January 1, 2025. Under the new accounting model, Strategy recognizes fair value changes in Bitcoin holdings as they occur rather than only recording impairment losses. The company incurred $4.04 billion in associated deferred tax expense and holds a $6.31 billion deferred tax liability. Additionally, Strategy announced its 10.00% Series A Perpetual Stride Preferred Stock offering with an aggregate value up to $4.2 billion through an at-the-market program. Strategy Announces $4.2 Billion $STRD At-The-Market Program pic.twitter.com/JVIYQmQSpv — Michael Saylor (@saylor) July 7, 2025 The company expects disciplined sales over an extended period, taking into account trading price and volume conditions. Net proceeds will be used for general corporate purposes, including additional Bitcoin acquisitions and working capital requirements. As of July 6, 2025, Strategy held 597,325 bitcoins with an aggregate purchase price of $42.40 billion and an average cost of $70,982 per bitcoin. Source: Saylor Tracker During Q2 2025, the company acquired 69,140 bitcoins at a total value of $6.77 billion, funded through multiple equity offerings, including $5.2 billion from common stock ATM programs and $979.7 million from the STRD offering. Capital Markets Activity Fuels Aggressive Bitcoin Accumulation Strategy Strategy received $6.8 billion in aggregate net proceeds from various financing transactions during Q2 2025. The capital raising included $163.1 million from the STRF ATM program, $446.9 million from the STRK ATM program, and $979.7 million from the STRD registered underwritten offering, which was completed on June 10. The company’s 2024 Common ATM program generated $2.4 billion in revenue before its termination, while the new 2025 Common ATM program contributed $2.9 billion. Approximately $18.1 billion of Class A common stock remains available for future issuance under the 2025 program, alongside $20.5 billion of STRK Stock and $1.9 billion of STRF Stock. Strategy’s preferred stock portfolio totals $3.4 billion in notional value with $315.9 million in annual dividends. The company maintains $8.213 billion in convertible notes outstanding, with conversion conditions met for Q3 2025 based on the 130% conversion price threshold. The maximum potential common shares from conversion total 24,439,825 shares. Source: Strategy Report Bitcoin market prices during Q2 ranged from $74,420.69 to $112,000.00, with quarter-end pricing at $107,751.68 on Coinbase. The volatility created substantial fair value fluctuations, contrasting with the $5.91 billion unrealized loss in Q1 2025. Strategy warns that results will not be comparable to pre-2025 periods due to accounting changes. Legal Challenges and S&P 500 Inclusion Prospects Emerge Strategy faces multiple class-action lawsuits alleging false and misleading statements regarding the profitability and risks of its Bitcoin strategy. Pomerantz LLP filed suit representing shareholders who purchased stock between April 30, 2024, and April 4, 2025, with a July 15 deadline for additional investors to join. 👨🏻‍⚖️ New York law firm Pomerantz has filed a lawsuit against Michael @Saylor ’s @Strategy , accusing the Bitcoin-focused firm of misleading investors. #Bitcoin #Saylor https://t.co/ZwEcH2nYTQ — Cryptonews.com (@cryptonews) July 3, 2025 The lawsuit centers on Strategy’s adoption of ASU 2023-08 accounting standards, claiming that the company failed to explain the potential impact on its financial results adequately. The complaint mentioned the $5.9 billion unrealized loss disclosure in Q1 2025, which triggered an 8% decline in stock price and exposed volatility risks allegedly downplayed by management. Financial analyst Jeff Walton calculated that Strategy has a 91% chance of S&P 500 inclusion, provided Bitcoin maintains levels above $95,240 through June 30. Strategy tracking day 337 $MSTR now ranked 93rd largest US company by market cap ($112.99B) Jumped 1 company (Nike) today, and 1 company this week. Digital Capital now chasing Analog Devices. Day 3 of qualifying for S&P 500 11th largest publicly traded equity by volume Cheers… https://t.co/sd8O72svbL pic.twitter.com/Z9k3FjEqpt — Jeff Walton (@PunterJeff) July 3, 2025 The company requires cumulative positive earnings across four quarters for eligibility, with Q2 results heavily dependent on Bitcoin’s fair market value, given three consecutive quarterly losses. Critics, including short-seller Jim Chanos, have intensified their opposition to Strategy’s business model , calling it “financial gibberish” and noting that the company’s $100 billion market capitalization exceeds its $60 billion in Bitcoin holdings. Chanos advises shorting MSTR stock while buying Bitcoin directly, betting the premium will eventually contract. Strategy’s shares gained 3,130% since initiating Bitcoin purchases in mid-2020, compared to Bitcoin’s 1,000% gain and the S&P 500’s 115% rise during the same period. The stock advanced 40% in Q2, outperforming the S&P’s 11% quarterly gain, while inspiring corporate imitators, like SharpLink Gaming’s Ether strategy .

Author: CryptoNews
UK Treasury Targets Crypto Tax Evaders with £300 Fines Starting January 2026

UK Treasury Targets Crypto Tax Evaders with £300 Fines Starting January 2026

The UK Treasury has unveiled a comprehensive crackdown on crypto tax evasion, introducing £300 fines for individuals who refuse to share personal details with crypto service providers starting January 2026. According to a Daily Mail report, the new Crypto Asset Reporting Framework (CARF) will require holders of Bitcoin, Ethereum, Dogecoin, and other digital currencies to share their tax reference numbers with crypto platforms or face penalties. Treasury officials project the initiative will close loopholes in crypto taxation and generate up to £315 million in additional revenue by April 2030. Source: PA Archive (The Standard) Exchequer Secretary James Murray emphasized that the initiative is part of a broader strategy to eliminate tax avoidance, stating that the rules will ensure “ tax dodgers have nowhere to hide ” and the government will be able to fund essential public services through improved compliance. Both crypto users and service providers will face financial penalties for non-compliance, creating a dual-layer enforcement mechanism that holds both parties accountable for every transaction. New Compliance Framework Puts Pressure on Platforms and Users Crypto service providers operating in the UK will bear significant responsibility under the new framework, as they are required to collect and verify customer tax information before facilitating any transactions. Platforms that fail to obtain accurate tax reference numbers or provide complete transaction records to HM Revenue and Customs will face their own financial penalties, which are currently not disclosed. The reporting requirements extend beyond simple trading activities to encompass staking rewards, DeFi yield farming, NFT transactions, and any other crypto-related income generation. Non-compliant individuals face penalties of £300 per instance, while service providers risk separate fines for failing to maintain accurate records or provide the required information to tax authorities. Source: Daily Mail ( From left to right; Treasury Parliamentary Secretary Emma Reynolds, Exchequer Secretary to the Treasury James Murray, Chief Secretary to the Treasury Darren Jones, Chancellor of the Exchequer Rachel Reeves, Economic Secretary to the Treasury Tulip Siddiq, and Financial Secretary to the Treasury Spencer Livermore ) Murray also described the framework as part of a broader effort to ensure “everyone pays their fair share,” positioning the crackdown as essential for maintaining public funding for nurses, police, and other vital services. Service providers will need to adapt their onboarding processes and customer management systems to accommodate the new data collection requirements, potentially increasing operational costs that could be passed to users. Global Momentum Builds Around Crypto Tax Enforcement Britain’s move is part of a worldwide trend toward stricter cryptocurrency tax compliance, with multiple jurisdictions implementing similar reporting frameworks designed to capture previously hidden digital asset profits. The European Union’s DAC8 directive , which takes effect in 2026, will require crypto platforms across all member states to share customer transaction data with tax authorities, creating a continent-wide information exchange network. 🇪🇺 European Parliament Supports DAC8 Crypto Tax Rule by an Overwhelming Margin Lawmakers in the European Parliament have expressed support for the eighth iteration of the Directive on Administrative Cooperation (DAC8). #CryptoNews #EU https://t.co/pn02rJg4qM — Cryptonews.com (@cryptonews) September 14, 2023 Recent data from Denmark reveals the scale of the challenge facing tax authorities, with over 90% of crypto traders failing to report gains despite mandatory exchange reporting requirements implemented in 2019. Nordic countries appear particularly aggressive in their approach, with Norway estimating that roughly 88% of crypto traders omitted gains in 2023, while Denmark is now considering a 42% tax on unrealized cryptocurrency gains . Thailand has taken the opposite approach, offering a five-year personal income tax exemption on crypto capital gains for transactions conducted through licensed platforms, seeking to attract international investment and establish itself as a digital asset hub. As it stands now, some jurisdictions are tightening enforcement, while others compete for crypto capital through favorable tax treatment. These approaches, however, create both opportunities and challenges for crypto investors, who may increasingly start to consider tax implications when choosing where to trade or establish residency.

Author: CryptoNews
Tokenised Treasuries boom to $7.4b as crypto traders ditch stablecoins for yield

Tokenised Treasuries boom to $7.4b as crypto traders ditch stablecoins for yield

Tokenized Treasuries grew 80% in the past year, mostly driven by a flight from stablecoins.

Author: Crypto.news
Two jailed for £1.5M crypto scam amid FCA crackdown on financial fraud

Two jailed for £1.5M crypto scam amid FCA crackdown on financial fraud

Two men have been sentenced to a combined 12 years in prison for a £1.5 million crypto cold-calling scam, amid a wider crackdown by the UK’s FCA on financial fraud and illegal promotions. On July 4, two men were sentenced…

Author: Crypto.news
Russia launches national crypto mining registry to crack down on illegal operations

Russia launches national crypto mining registry to crack down on illegal operations

Russia is intensifying its crackdown on illegal cryptocurrency miners by launching a national registry of mining equipment, which would help identify unregistered operations. According to local media, Russian authorities have already compiled the registry and distributed it to regions with…

Author: Crypto.news
Twitter co-founder launches beta version of decentralized messaging app Bitchat

Twitter co-founder launches beta version of decentralized messaging app Bitchat

Twitter co-founder Jack Dorsey has launched the beta version of BitChat, a decentralized peer-to-peer messaging app that works without internet access. Announced on July 7 via a post on X, BitChat operates over Bluetooth Low Energy mesh networks, meaning it…

Author: Crypto.news
Dubai RWA regulation full analysis: from license application to sandbox implementation, a comprehensive guide to virtual asset compliance

Dubai RWA regulation full analysis: from license application to sandbox implementation, a comprehensive guide to virtual asset compliance

Important definitions in this article The definition of RWA in the official ARVA document is: RWA - in respect of any Virtual Asset, any type or combination of: (a) interest

Author: PANews
Jack Dorsey launches decentralized peer-to-peer chat application BitChat

Jack Dorsey launches decentralized peer-to-peer chat application BitChat

PANews reported on July 7 that Block CEO Jack Dorsey announced the launch of a decentralized peer-to-peer chat application, BitChat. He wrote on the X platform: "I did a project

Author: PANews
Can the "American Party" founded by Musk succeed?

Can the "American Party" founded by Musk succeed?

Written by: Chen Ming, Securities China According to the latest news on July 6, Musk made a new statement after announcing the establishment of the "American Party". When asked whether

Author: PANews
Bitcoin exposure or fiat disguise? Treasury firms divide the crypto community

Bitcoin exposure or fiat disguise? Treasury firms divide the crypto community

Bitcoin treasury companies — entities that accumulate the digital asset (usually through borrowed assets) — offer clients indirect exposure through their stock. Some believe that these companies bring Bitcoin to Wall Street. Others think that these treasury companies are doing…

Author: Crypto.news