strategy

According to official social media news, Huobi HTX will hold a live debate themed "STRATEGY: The Commitment to Never Sell Coins is Broken: Where Will Institutional Holding Models Go?" today at 20:00. At that time, Shouyi, Maomaojie, Wang Fugui, and DeFi Sniper will represent the affirmative side, while the opposing side will consist of 0824, Mo Cheng, Nika, and Daidai engaging in a clash of viewpoints. Both sides will conduct an in-depth discussion on key topics such as why institutions are beginning to adjust their holding strategies and how market liquidity will evolve, jointly analyzing the new changes and trends in the cryptocurrency market.

VanEck's Head of Digital Assets Research, Matthew Sigel, posted on the X platform that according to the latest 8-K filing submitted by Strategy, the $135 million Bitcoin sale by Strategy last week did not utilize the $1.25 billion BTC Monetization Program limit.This is because the program only restricts sales used to supplement cash reserves, and sales directly used to pay dividends are not included in this limit. Sigel pointed out that this means Strategy's actual Bitcoin selling capacity exceeds the commonly understood $1.25 billion.

CryptoQuant analyst Axel Adler Jr. stated that Strategy recently sold 3,588 BTC, marking the largest recorded Bitcoin sale to date, with the funds used for preferred stock payments and to replenish USD reserves.According to the Form 8-K document he cited, the sale was executed in two batches: from June 29 to June 30, 1,363 BTC were sold at an average price of $59,256, generating $80.8 million; from July 1 to July 5, 2,225 BTC were sold at an average price of $60,773, generating $135.2 million, for a total revenue of $216 million. The funds were used for preferred stock payments and to replenish USD reserves.Axel indicated that this sale differs from the sales made in 2022 for tax optimization, as it is primarily driven by debt obligations and does not represent a change in Strategy's long-term Bitcoin strategy. As of July 5, Strategy still holds 843,775 BTC and $2.55 billion in reserves, with this sale accounting for approximately 0.4% of its Bitcoin reserves.He also pointed out that after the announcement, the Bitcoin futures market positions significantly cooled down, with the Composite Market Index (IMI) dropping from about 80 to 32.6, briefly approaching 20, entering a bearish range; however, Bitcoin prices have largely remained in the range of $61,600 to $64,200, still above the 30-day fair value of $61,800. Analysts believe that the market currently views this sale as passive liquidity management rather than the beginning of a systematic reduction.

Binance announces the launch of a brand new advanced financial product, BTC Yield. BTC Yield is an open-ended yield strategy product priced in BTC, designed specifically for long-term holders who wish to explore potential yield opportunities in Bitcoin without frequent trading.BTC Yield is currently one of the first Bitcoin covered call yield products launched by mainstream cryptocurrency exchanges for both retail and institutional users, reflecting Binance's ongoing expansion from a trading platform to a broader financial super application. Shunyet Jan, head of Binance Exchange and trading operations, stated: "BTC Yield further enriches the product offerings available to users, allowing them to leverage the value of digital assets in more ways. The covered call strategy is already quite mature in traditional financial markets, but direct participation for ordinary investors usually comes with a high barrier to entry. BTC Yield simplifies this strategy, enabling Bitcoin holders who wish to gain potential yields without frequent market trading to participate more conveniently."To celebrate the launch of BTC Yield, Binance Wealth Management is offering a limited-time event, where eligible BTC Yield subscription users will have the chance to share a prize pool of 100,000 USDC.

Court documents from New York State show that William Wood and Thomas Bush have sued entities related to Polymarket and CEO Shayne Coplan, accusing them of incorrect settlement in the "Will Strategy sell Bitcoin before May 31, 2026?" market.The lawsuit states that the 8-K filing submitted by Strategy to the SEC disclosed the sale of 32 BTC during the relevant period, sufficient to prove that the market should settle as "Yes," but Polymarket ultimately determined it to be "No," and was accused of subsequently issuing a "clarification" that changed the criteria for judgment.

According to BBX data, global cryptocurrency concept companies disclosed the latest developments in their digital asset portfolio adjustments and expansions yesterday and in recent days, with the core information as follows:Strategy historic cash-out of $216 million: Strategy Inc. (NASDAQ: $MSTR) submitted a filing to the SEC on July 6, disclosing that it sold 3,588 bitcoins in two batches from June 29 to July 5 for approximately $216 million to pay four preferred stocks and the quarterly/monthly dividends of STRC, and to supplement its dollar reserves to $2.55 billion. The average selling price was about $60,215, which is approximately 20% lower than its historical holding cost. The company's total holdings have now decreased to 843,775 BTC, emphasizing that this was a liquidity management decision and that its bitcoin strategy has not changed.BMNR claims ETH holdings exceed 5.74 million: Bitmine Immersion Technologies (NYSE: $BMNR) announced on July 6 that it spent $74 million in the past week to purchase 42,197 ethers. The company claims its total holdings have risen to 5,742,237 ETH (accounting for 4.8% of the total network circulation, with a market value of approximately $10.3 billion), of which over 4.87 million have been staked through its MAVAN platform. Chairman Tom Lee attributes the continued buying to the increased probability of the CLARITY Act's passage.American Bitcoin increases holdings by 500 BTC: The cryptocurrency mining company American Bitcoin, supported by the Trump family, recently increased its holdings by another 500 bitcoins in the open market. After this acquisition, the company's total bitcoin holdings have officially exceeded 8,000.

According to SoSoValue data, as of 8 AM Eastern Time on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $10.57 million, a decrease of 27.85% compared to last week.Strategy (formerly MicroStrategy) sold 1,363 Bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 Bitcoins; on July 5, it sold another 2,225 Bitcoins for about $135 million, at an average price of $60,773, further reducing its holdings to 843,775 Bitcoins.Japanese listed company Metaplanet announced its first investment of $225 million in 10 weeks, purchasing 2,823 Bitcoins at a price of $79,664, bringing its total holdings to 40,177 Bitcoins.In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5 that it purchased 1 Bitcoin, with the specific amount undisclosed, bringing its total holdings to 3,897 Bitcoins; asset management company Strive announced on July 6 that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the listed companies worldwide (excluding mining companies) is 1,141,812 Bitcoins, a decrease of 0.04% compared to last week, with a current market value of approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market value.

According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) sold 3,588 BTC (worth $216 million) last week at a price of $60,197. They currently hold 843,775 BTC (worth $5.2343 billion), with an average cost of $75,476, resulting in an unrealized loss of $11.341 billion (-17.8%).Ethereum treasury company Bitmine (BMNR) purchased 42,197 ETH (worth $6.903 million) last week at an approximate price of $1,636. They now hold a total of 5,742,237 ETH (worth $10.037 billion), with an average cost of $3,386, resulting in an unrealized loss of $9.406 billion (-48.4%).

Michael Saylor stated on the X platform that Strategy has sold 3,588 bitcoins, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's bitcoin reserves have decreased to 843,775 coins, while holding a dollar reserve of $2.55 billion.This is the second public disclosure of a reduction operation by Strategy this year, following the sale of 32 BTC to cover preferred stock dividends from May 26 to 31, and the scale has significantly expanded, reflecting the company's increased reliance on selling part of its bitcoin reserves to maintain its dividend obligations amid pressure on bitcoin prices and growing unrealized losses.

According to market news, Strategy reduced its holdings by 3,588 BTC last week, worth over 220 million dollars, and currently holds 843,775 BTC.

Strategy CEO Phong Le stated in a post that after recently returning to Vietnam, he once again felt the global influence of the United States in terms of freedom, opportunity, and institutional appeal. He likened Bitcoin to the "United States of Currency," believing that Bitcoin attempts to constrain the monetary system with transparent rules rather than human discretion, much like the U.S. Constitution regulates government.He pointed out that Bitcoin, based on its white paper, digital scarcity, and proof of work, provides individuals with property rights protection and value storage options that do not depend on geography, politics, or permission, defining it as a form of "monetary freedom" for individuals worldwide.

Bitcoin Treasuries.NET posted on platform X that the number of bitcoins currently held by Strategy MSTR is 1.3 times the total amount held by all governments worldwide.

Galaxy Research Director Alex Thorn stated that the capital management adjustments announced by Strategy on Monday mark an important turning point. In the weeks prior, the "digital credit" system of Strategy's preferred shares faced pressure, with the preferred share STRC falling below its $100 par value and hitting a historical low of $71.25 on June 26, leading the market to question how the company would pay the increasingly high preferred share dividends.Strategy subsequently announced a new digital credit capital framework, including a board-approved dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred securities repurchase authorization, a $1 billion MSTR common stock repurchase authorization, and a BTC monetization plan. At the same time, the board raised the annual dividend rate of STRC from 11.5% to 12%, applicable to semi-monthly dividends for record dates on or after July 1. Following the announcement, MSTR rose 12.6% to about $92.70 on Monday, while STRC increased by 12.2% to about $83.70.Thorn believes that Strategy's approach is wise, but it may not permanently resolve structural issues. The company still has a large preferred share system and ongoing payment obligations, and it will face $6.7 billion in convertible bonds maturing in 2027 and 2028. The market is not truly concerned about Strategy's lack of assets, but rather whether it has sufficient dollar liquidity to pay dividends without harming BTC holders, MSTR common stock shareholders, or preferred shareholders. By raising over $1 billion in cash through the sale of common stock, setting a minimum cash reserve policy for 12 months, and increasing the current cash coverage ratio to about 17 months, Strategy has bought itself time.The most controversial aspect is the BTC monetization plan, which seems to clearly indicate that Strategy may sell BTC from time to time. Thorn does not want to see Strategy sell Bitcoin, as the company's identity and the MSTR premium are built on its narrative as a long-term BTC exposure tool, and selling BTC would undermine that story.However, he also believes that if selling a small amount of BTC can prevent a disorderly spiral in the capital structure, protect preferred shares, and wait for a better market environment, this path can be justified. Strategy should explore how to generate income from its BTC assets without directly selling spot BTC, including conservatively lending a small amount of isolated BTC or using options strategies to capture volatility gains.

Strategy Investor Relations Director Chaitanya Jain stated that STRC is gradually recovering after a brief fluctuation.He mentioned that the company's goal is to maintain STRC's long-term trading price in the range of $99 to $100, and it will support this through variable dividend rates, continuous increases in dollar reserves, improving Bitcoin ratings, removing convertible bonds, implementing stock buybacks, and functional upgrades.

The Reserve Bank of India (RBI) reiterated its support for a regulatory strategy of "containment and a tendency to prohibit" regarding crypto assets in a document submitted to the Parliamentary Standing Committee on Finance, stating that "prohibition" remains one of the policy options recognized by the international regulatory framework. The RBI suggested that banks and other regulated financial institutions should not hold, trade, or provide exposure to crypto assets and privately issued stablecoins to avoid potential contagion risks to the financial system.The RBI stated that implementing traditional financial regulation on crypto assets could mislead the market, granting "legitimacy" to speculative assets that lack actual economic value and creating a false sense of security for users. The RBI also warned that the widespread use of stablecoins could undermine India's monetary sovereignty, weaken the transmission mechanism of monetary policy, disrupt the payment system, and pose risks to financial stability. Therefore, it recommended prioritizing the development of sovereign digital payment infrastructure such as Central Bank Digital Currency (CBDC). Additionally, the RBI questioned the relevant rankings claiming "India is the country with the highest global crypto adoption rate," arguing that the data from private blockchain analytics firms has methodological flaws. It pointed out that there are currently 54 crypto service providers registered with the FIU in India, with approximately 39.3 million users who have completed KYC verification holding crypto assets worth about 20.437 billion rupees. It should be clearly distinguished between speculative crypto assets and the tokenization of real-world assets (RWA) such as government bonds and corporate bonds to avoid impacting the innovation of financial asset tokenization.