The U.S. military is running a live Bitcoin node and FTX's bankruptcy left $3 billion on the table.

The head of U.S. Indo-Pacific Command told Congress this week that the military is running a live node on the Bitcoin network.

It's not used to mine the token, but to monitor and run operational

security tests using the Bitcoin protocol. It's the first public confirmation from a sitting

commander that the military is directly on the network. FtX's bankruptcy estate sold a 5% stake

in AI coding startup cursor for $200,000 back in April 2023. This week, SpaceX agreed to acquire cursor at a $60 billion

valuation, making the stake worth roughly $3 billion today. This could potentially become

part of Sam Bankman-Fried's argument that the estate destroyed tens of billions in potential value

by liquidating early. Sam Bankman-Fried has withdrawn his request for a new trial, saying he doubts he would

receive a fair hearing.

And Tesla held on to its 11,509 Bitcoin through Q1 without selling, but still booked

a $173 million impairment loss as Bitcoin fell from around $90,000 at the start of the year

to roughly $68,000 by the end of March.

The company beat earnings expectations, but missed slightly on revenue.

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