Coinbase Joins S&P 500, MicroStrategy Purchases More Bitcoin, Arthur Hayes Declares: Buy Everything!
China and the U.S. Reach Major Trade Agreement
On Monday, the U.S. and China reached a significant trade agreement, announcing the “temporary suspension” of most tariffs on each other’s goods. This symbolizes a notable easing of the tense trade relations between the two parties in recent years, immediately injecting confidence into global markets, with all three major U.S. stock indices rising. BitMEX founder Arthur Hayes shouted: “Buy everything!” Meanwhile, cryptocurrency exchange Coinbase will join the S&P 500 index, and MicroStrategy has purchased more Bitcoin, both indicating a return of optimistic sentiment in the market!
(U.S.-China Trade War Ceasefire! Tariffs Cut to 10%, Market Fully Recovers)
Coinbase Joins the S&P 500 Index
Cryptocurrency exchange Coinbase will join the S&P 500 index, replacing Discover Financial Services as the benchmark index. This change will take effect before trading on May 19. Coinbase’s stock price rose 8% in after-hours trading.
Since its listing in 2021, Coinbase has become a more significant component of the U.S. financial system, with the value of Bitcoin soaring and major institutions receiving regulatory approval to create spot Bitcoin exchange-traded funds, as traditional financial giants venture into the crypto space.
Joining the S&P 500 index typically helps boost stock prices, as funds tracking the S&P 500 will add it to their portfolios.
CEO Brian Armstrong also happily shared:
“Coinbase has just become the first and only cryptocurrency company to join the S&P 500 index. This milestone represents what true believers—from retail investors to institutional investors, and to our employees and partners—have always known: cryptocurrency is here to stay.”
MicroStrategy Purchases More Bitcoin, Total Holdings Reach 568,840
MicroStrategy, the pioneer of Bitcoin reserve strategies (formerly known as MicroStrategy), has purchased more Bitcoin, spending approximately $1.34 billion last week (from May 5 to May 11) to acquire 13,390 Bitcoin at an average purchase price of about $99,856, bringing its total holdings to 568,840 Bitcoin.
This was also financed through the issuance of common stock MSTR and preferred stock STRK, raising $1.31 billion and $251 million, respectively, to buy Bitcoin.
Arthur Hayes: Buy Everything
After the good news on tariffs was announced between the U.S. and China, BitMEX founder Arthur Hayes exclaimed: “Buy everything!”
In an interview at Token 2049 held in Dubai on May 1, he stated that his fund, Maelstrom, has fully increased its Bitcoin positions, predicting that the next wave of investments will flow into “real, profitable” high-quality altcoins. He also asserted that quantitative easing (QE) will reopen, indicating that this Bitcoin bull market has just begun.
(Quantitative Easing Revives Bitcoin Bull Market! Arthur Hayes: Bitcoin Will Bottom at $74K, A Season for Fundamental Altcoins is Coming)
BUY EVERYTHING CHI-MERICA LIVES!!!!
— Arthur Hayes (@CryptoHayes) May 12, 2025
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices can be highly volatile; you may lose your entire principal. Please assess the risks carefully.
