Weekly Update: 10th of April
What happened between April 3 and April 10?
- Crypto markets made a cautious recovery after the US and Iran announced a temporary ceasefire. Bitcoin surged roughly 5% to nearly $72,700, triggering over $600 million in short position liquidations. Read more
- Charles Schwab is preparing to launch spot Bitcoin and Ether trading for its 38 million clients in the first half of 2026, marking a significant step toward mainstream crypto adoption. Read more
- CoinShares began trading on Nasdaq on April 1 via a $1.2 billion SPAC merger, while Bitmine Immersion Technologies uplisted from NYSE American to the NYSE on April 9. Read more
- Strategy purchased 4,871 BTC for $330 million in early April, while Japan's Metaplanet bought 5,075 BTC in Q1 2026, bringing its total to 40,177 BTC and becoming the third-largest corporate holder. Read more
Bitcoin market rallies as US–Iran ceasefire lifts sentiment
Crypto markets staged a cautious recovery this week after President Trump announced a two-week ceasefire between the United States and Iran, triggering a broad risk-on move across financial markets. Bitcoin gained approximately 5% within 24 hours, climbing to nearly $72,700, while Ether saw a 3.7% rise. The move resulted in over $600 million in liquidations of leveraged short positions across crypto futures markets. The rally followed weeks of range-bound trading, with Bitcoin hovering between $69,000 and $73,000.
Analysts note that crypto markets remain sensitive to geopolitical signals — particularly news that shifts investor risk appetite. The ceasefire provided a short-term catalyst, though questions remain about whether the truce will hold beyond its two-week window. Strategy reinforced the bullish tone by simultaneously buying the dip, signaling that institutional accumulators remain active. Market participants will be watching closely in the coming weeks to see whether Bitcoin can break decisively above $73,000 and sustain a new leg higher.
Charles Schwab prepares spot crypto trading for 38 million clients
Charles Schwab, one of the world’s largest brokerage platforms with over 38 million clients, is preparing to launch direct spot trading for Bitcoin and Ether in the first half of 2026. The rollout will be conducted through Schwab Premier Bank, starting with an employee pilot before expanding to a small early-access group drawn from a waitlist. Schwab has already opened sign-ups for its new Schwab Crypto account.
With over $12 trillion in assets under management, Schwab’s entry into spot crypto trading represents one of the most significant steps yet toward integrating digital assets into mainstream finance. The initial feature set is limited — clients will not be able to withdraw crypto to self-custody wallets, stake assets, or set recurring purchases at launch. Schwab has also announced plans to introduce a stablecoin product once the GENIUS Act fully takes effect.
CoinShares debuts on Nasdaq, Bitmine uplists to NYSE
CoinShares, Europe's largest digital asset manager with over $6 billion in assets under management, began trading on Nasdaq under the ticker CSHR on April 1, 2026. The U.S. listing was completed through a business combination with special purpose acquisition company Vine Hill Capital Investment Corp., at a pre-money equity value of approximately $1.2 billion. CoinShares offers 39 digital asset products and ranks among the top digital asset managers globally alongside BlackRock, Fidelity, and Grayscale.
Bitmine Immersion Technologies (BMNR) — led by prominent investor Tom Lee — completed its uplisting from NYSE American to the New York Stock Exchange on April 9. Bitmine holds approximately 4.8 million ETH, representing nearly 4% of Ethereum’s total supply, with total crypto and cash holdings of $11.4 billion. The company simultaneously expanded its share repurchase authorization from $1 billion to $4 billion.
Strategy and Metaplanet expand their Bitcoin treasury reserves
Michael Saylor's Strategy acquired 4,871 BTC for approximately $329.9 million in the first week of April, at an average purchase price of $67,718 per coin. The purchase was financed through the issuance of STRC and MSTR shares, bringing Strategy's total Bitcoin holdings to nearly 767,000 BTC. Strategy remains the world's largest corporate Bitcoin holder by a wide margin — and stands out as virtually all other corporate buyers have gone silent.
Japan's Metaplanet acquired 5,075 BTC in the first quarter of 2026, at a total cost of over $405 million and an average price of approximately $79,898 per coin. This pushed Metaplanet's total Bitcoin treasury to 40,177 BTC, lifting the company to third place among publicly traded corporate holders, behind Strategy and Twenty One Capital.
In other digital assets news
- Morgan Stanley launched its spot Bitcoin ETF (MSBT) on NYSE Arca on April 8, with the lowest fee of any U.S. Bitcoin ETP at 0.14% and drew $34 million in first-day inflows.
- Coinbase received conditional approval for a national trust charter, paving the way for the exchange to operate as a federally regulated digital asset custodian.
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