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On June 1, local time, the Public Relations Department of the Islamic Revolutionary Guard Corps (IRGC) Navy of Iran announced that in the past 24 hours, 15 vessels, including 4 oil tankers, passed through the Strait of Hormuz under the coordination and security assurance of the IRGC Navy. The IRGC warned commercial ships and oil tankers in the Persian Gulf region, including the Strait of Hormuz, that any cooperation with 'hostile forces' will be regarded by Iran as a security threat and will be dealt with accordingly. (CCTV News)

The key aspect of this buyback is that the company executed it at a price approximately 50% below its net asset value (NAV). This operation has a dual effect. On the one hand, by repurchasing and canceling shares at a price significantly below intrinsic value, the remaining shareholders' equity per share is increased. On the other hand, the company funds the buyback by selling Bitcoin, but does not actually reduce its overall Bitcoin holdings; instead, it concentrates the asset value among fewer outstanding shares. Therefore, for shareholders who continue to hold, their indirect Bitcoin exposure per share is actually enhanced.This move reflects the management's view that the current share price does not fully reflect the company's value, especially the value of its Bitcoin assets. Through this capital allocation strategy, the company aims to directly enhance shareholder returns and signal its confidence in its core assets and future prospects.

Spanish Automobile Manufacturers Association (ANFAC): Tesla new car registrations in Spain increased by 112.8% year-on-year in May, reaching 1,690 units.