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Bitcoin’s valuation continued its recovery on Thursday, driven by a significant advancement of a U.S. cryptocurrency bill in the Senate and new benchmarks set by Bitcoin-linked lending products. The price of Bitcoin hovered near $81,400, reaching intraday peaks around $82,000, marking an increase of over 3% in the last 24 hours, with spot trading volume exceeding $1 billion.
The Senate Banking Committee approved the Digital Asset Market Clarity Act by a 15–9 vote. Senators Ruben Gallego (Arizona) and Angela Alsobrooks (Maryland) joined all 13 Republican members in supporting the bill. This legislation, designated H.R. 3633, aims to establish a national framework for the trading of digital assets, stablecoins, and intermediaries. It proposes dividing regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while also outlining requirements for registration, disclosure, and compliance for exchanges, brokers, and custodians.
Committee Chair Tim Scott characterized the markup session as a pivotal moment, following years where crypto enterprises operated within a “regulatory gray zone” governed by outdated regulations designed for prior market eras. He presented the bill as a strategy to retain innovation within the United States and simultaneously enhance controls against the illicit use of digital assets.
Senator Cynthia Lummis, who chairs the committee’s digital assets subcommittee, described the Clarity Act as the most challenging legislation of her tenure, deeming it a “case of first impression” for integrating novel software-based assets into the existing financial legal structure.
Ranking Member Elizabeth Warren spearheaded the opposition, contending that the bill undermines investor protections, overrides state-level anti-fraud regulations, and permits banks to accumulate substantial cryptocurrency holdings, which she equated to the risky patterns preceding the 2008 financial crisis.
She asserted that the proposed framework effectively “declares open season” on consumers, labeling it as “industry-written” and “not ready.” Allies of Senator Warren also voiced concerns related to ethics and national security, drawing connections to President Donald Trump’s cryptocurrency ventures, mixing services, and stablecoins.
STRC and SATA Further Boost Bitcoin Credit Expansion
Against this legislative backdrop, Strategy Inc.’s STRC preferred stock has continued to escalate its Bitcoin acquisition initiative. The Bitcoin for Corporations’ live STRC ATM Tracker indicated a total issuance volume of over $1.24 billion, with an estimated 11,709 BTC accumulated and an effective yield of 11.5%. At the time of reporting, the proceeds capture rate was nearing 80%.
The marketed structure is designed to acquire assets equivalent to 26 times the current daily Bitcoin supply, highlighting how ATM issuance has positioned STRC as one of the most significant corporate Bitcoin purchasers on record.
Meanwhile, Strive’s SATA preferred stock is advancing its unique yield generation model. Strive announced its intention for SATA to distribute cash dividends on a daily basis, commencing in June, while maintaining an annual rate of 13.00%. The firm projects that this structure will yield approximately 13.88% through daily compounding. SATA operates with a debt-free balance sheet, holds over 15,000 BTC, and reported an 11.1% Bitcoin Yield for the first quarter of 2026.
Bitcoin Price Hovers Near $82,000
Thursday proved to be a strong day for Bitcoin’s price. Analysts at Bitfinex informed Bitcoin Magazine that the once-dominant funding rate indicator has diminished in significance, leading them to shift their focus to options market positioning as Bitcoin’s price approaches the $80,000 threshold.
These analysts further noted that exchange-traded fund (ETF) demand and open-market acquisitions are now the primary drivers of price movement, rather than STRC-linked purchases. Long-term investors, described as “conviction buyers,” are holding nearly four million BTC. This represents the most substantial increase in this investor category over any two-quarter period since the COVID-19 pandemic’s onset, leading to a reduction in circulating supply and potentially contributing to the upward trajectory of Bitcoin’s price.
Information compiled from materials : bitcoinmagazine.com