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Bitcoin pulled back this week as surging Treasury yields and hawkish Fed expectations drove institutional de-risking from non-yielding assets, with BlackRock's ETF recording notable outflows. While BTC struggled, the mining and AI infrastructure sector surged — KEEL (+30%), CIFR (+29%), IREN (+29%), WULF (+24%), and HUT (+22%) all posted exceptional gains driven by landmark hyperscaler deals, campus acquisitions, and fresh institutional backing.

The week's standout catalysts: IREN's $1.6B Dell Blackwell systems purchase, TeraWulf's 1 GW Kentucky campus acquisition, and Hut 8's $9.8B Texas lease all signaled that the Bitcoin miner-to-AI-infrastructure pivot is accelerating rapidly. On the macro side, gold softened as optimism over a ceasefire in Iran and India's record import duty hike dampened safe-haven demand, while the 10-year yield eased to 4.47–4.50% ahead of the critical PCE print and new Fed Chair Warsh's first FOMC meeting on June 16–17.

Subscribers continue below for our full stock-by-stock breakdown, signal changes, and CIO commentary. Our crypto equity basket index is up +56% year to date while Bitcoin is down -17%. This crypto equity reports shows which stocks are worth owning.

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