MSTR eases Bitcoin; $500M Claude bill, Enhanced stock halves

MicroStrategy transferred 411.5 BTC to Coinbase Prime and withdrew the same amount hours later while Bitcoin traded near $73,600. It was the company’s first direct exchange activity in nearly two years. MicroStrategy holds roughly 843,738 BTC and has not reported any purchases since May 18. After the transfer, prediction markets cut the odds of a corporate Bitcoin sale in 2026.

Bitcoin’s 200-week moving average rose past $61,000 from about $60,000 in early May. That average smooths almost four years of weekly closes and has marked prior cycle lows. With the spot price near $73,600, Bitcoin sits about $12,600 above that average. Adam Back, chief executive of Blockstream, wrote that the 200-week average is a long-term bullish indicator. During the pullback, BitMine purchased 25,000 ether for about $50.6 million.

An unnamed enterprise client accumulated roughly $500 million in charges on Anthropic’s Claude platform over a single month after administrators did not set usage limits or spending caps for thousands of employees. The event prompted changes at multiple companies: one large software firm reduced internal Claude Code licenses after per-engineer costs reached $500 to $2,000 a month; a ride-hailing company exhausted its 2026 AI budget by April; and a major retailer shut down an internal AI leaderboard after staff gamed it with low-value prompts. Several firms began tightening usage controls and reviewing governance for generative AI tools.

Enhanced Group held a six-hour event in Las Vegas on May 24 that paid a $25 million purse. The company reported one unofficial world record by swimmer Kristian Gkolomeev and said 91% of participating athletes had used testosterone; clean athletes won three events outright. Enhanced Games’ stock fell about 50% the following Tuesday, reducing the company’s market value by roughly $800 million after it listed this month at a $1.2 billion valuation.

Other market moves included a $2.29 billion contract award to SpaceX from the U.S. Space Force to build a Space Data Network Backbone, with a prototype due by the end of 2027. The contract is intended to move secure military data via low-orbit satellites. Rocket Lab and several defense and aerospace firms were among other companies named to prototype programs.

The week’s reports tied trading activity, technical indicators and corporate events to shifts in asset prices: MicroStrategy’s exchange activity and institutional purchases coincided with Bitcoin holding near recent levels; a large enterprise AI billing error led multiple companies to change internal controls; and a high-profile sports event and company debut coincided with a steep stock decline for Enhanced Games.