repay

Regarding the issues of BitMart users' asset withdrawal restrictions and employees' unpaid salaries and compensations, employees of the platform publicly called on BitMart's management and relevant responsible parties to respond publicly by August 19 regarding the whereabouts of user assets, the platform's reserve situation, the reasons for withdrawal restrictions, and employee salary compensations. The open letter pointed out that a large number of users are still unable to withdraw their assets normally, and some employees have not received their last month's salary and due compensation; against this backdrop, if the platform only responds with announcements such as "ceasing operations," it cannot resolve the actual problems faced by users and employees. Relevant individuals requested that BitMart publicly disclose wallet, asset, liability, and available reserve information that can be verified by third parties, and explain when the platform became aware of the funding and withdrawal issues, who made the relevant decisions, and whether it continued to encourage users to redeem or trade despite being aware of the risks.The open letter also called for an investigation into related accounts, affiliated companies, trusts, and other funding arrangements associated with BitMart user assets, and specifically requested that the founder's partner provide explanations regarding their related accounts and funding situation. The open letter stated that there is currently information pending further verification indicating that BitMart accounts related to the founder's partner may have held assets worth tens of millions of dollars and have records of batch withdrawals; relevant individuals emphasized that no criminal characterization will be made against any individual until evidence is fully verified, but they demanded public clarification on whether the aforementioned accounts exist, asset ownership, sources of funds, transfer directions, and whether there is any connection with BitMart user assets, and called for an independent investigation into the relevant fund flows. At the same time, the open letter requested that BitMart promptly settle the salaries and compensations owed to employees, asserting that ordinary employees should not bear the consequences of management's operational decisions.In addition, the open letter requested that BitMart publish a user repayment plan with a clear execution timeline by August 19, including the scale of remaining assets, total liabilities, expected recovery ratio for users, repayment order, start and completion times, and supervision mechanisms, and explicitly stated acceptance of third-party independent audits. The open letter indicated that if a complete, transparent, and verifiable asset explanation and repayment plan are not obtained by then, they will consider submitting existing materials, funding clues, and relevant evidence to law enforcement agencies, regulatory authorities, lawyers, and the media in various locations to promote further investigation.

According to BBX data, yesterday global listed companies and large ETF issuers disclosed the latest developments in digital asset reserve allocation and debt restructuring, with the core information as follows:Bitwise continues to increase its holdings, with its clients purchasing over $5 million in HYPE in a single week: The latest update from leading cryptocurrency index fund management company Bitwise shows that the firm has not sold any HYPE assets since last month and has maintained a net buying position throughout August. Market data indicates that in the past week, its ETF clients have cumulatively purchased HYPE worth over $5 million.Empery Digital sold 235 bitcoins to resolve debt: U.S. listed company Empery Digital (NASDAQ: $EMPD) officially disclosed that the company recently sold 235 bitcoins in the open market to raise funds for repaying approximately $10 million in maturing debt. After this reduction, Empery Digital's total bitcoin holdings have decreased to 1,279 BTC, ranking 39th in the global list of companies by bitcoin holdings.

According to market news, the listed company KULR Technology has sold 333 bitcoins to fully repay its $20 million Coinbase credit line. It currently holds a total of 760 BTC.

According to the official announcement, the UK-listed company The Smarter Web Company has repaid the Smarter Convert convertible notes two weeks early, paying approximately $11.6985 million to the TOBAM Group by selling 177.89 bitcoins (average price $65,762) to complete the repayment.The company's CEO stated that although they had previously recognized the flexibility of the structure, they currently do not consider it a suitable capital solution. After the repayment, the company holds 2,700 bitcoins. The related potential share issuance has been canceled.

According to Arkham monitoring, the U.S. government will transfer $250,000 worth of SHIB confiscated from FTX and Alameda to a government wallet, which is expected to be used to repay FTX creditors.

According to monitoring by BitcoinTreasuries.NET, the South Korean listed company K Wave Media has sold its remaining 88 bitcoins to repay a debt of 6 million dollars, reducing its total bitcoin holdings to zero.

According to Jinshi reports, SpaceX (SPCX.O) has begun issuing unsecured senior notes, which will use the net proceeds to repay outstanding loans.

According to BBX data, last week institutional research qualitatively shifted historically, with Bitcoin reserve companies accelerating deleveraging. The core dynamics are as follows:Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered PLC (LSE: $STAN), released a research report on June 12, officially declaring that "the crypto winter is likely over." He believes that the $59,000 level for Bitcoin has formed the low point of this bear market cycle, marking a significant turning point in market sentiment. Kendrick stated that a large amount of IPO allocation funds will flow back into risk assets after the SpaceX IPO, and the funding flow for Bitcoin spot ETFs is expected to achieve a structural reversal after this adjustment, combined with the continuous expansion of corporate reserve demand, supporting his view with three factors. This is the strongest "bear end" qualitative statement from institutional research so far in 2026— the last similar clear statement came from the same team at Standard Chartered in December 2023, after which Bitcoin confirmed a breakthrough of historical highs in 2024.Nakamoto Inc. (NASDAQ: $NAKA) (Nashville, a Bitcoin operating company, also operating Bitcoin Magazine) disclosed a series of balance sheet optimization measures through an official press release on BusinessWire on June 11: selling approximately 600 BTC and Bitcoin-related derivatives, netting about $48 million, to repay a $45 million loan to Kraken (Payward Interactive); the remaining loan balance is $165 million USDT (down from the original $210 million), restructured under new terms: $60 million USDT maturing on December 4, 2026, and $105 million USDT extended to June 30, 2027; the new interest rate is reduced to 7.75% (previously 8%), requiring the maintenance of 2,000 BTC as collateral in a Bitwise Asset Management custodial account, saving approximately $4 million in annual financing costs; the board also approved a $25 million stock repurchase plan (as of December 31, 2026). After the transaction, the company holds approximately 4,467 BTC (approximately $284 million, estimated at recent prices); the company previously completed a 1-for-40 reverse stock split at the end of May and received confirmation from Nasdaq on June 9 that it has restored compliance with the minimum $1 share price requirement; after the news was announced, $NAKA briefly rose about 20% during trading.

According to on-chain analyst Yu Jin's monitoring, in March, the attacker of the Venus THE collateral liquidation event sold 1,912 ETH for 3.26 million USDT one hour prior, to repay their loan on Aave. This loan was used to borrow collateralized ETH in March to manipulate the collateral liquidation of THE on Venus. Currently, they still have 6.78 million USDT outstanding on Aave.

Nakamoto, the Bitcoin treasury company, announced that it is strengthening its capital structure and financial flexibility through debt reduction, refinancing, and stock buyback authorization. The company has reduced its outstanding debt by approximately $45 million by monetizing part of its Bitcoin holdings and Bitcoin-related derivative positions.The repayment funds came from the sale of approximately 600 BTC and Bitcoin-related derivative positions, with net proceeds of about $48 million. After the transaction, the company still holds approximately 4,467 BTC on its balance sheet.The company has also signed a new loan term sheet with Payward Interactive, a subsidiary of Kraken, extending the principal of approximately 105 million USDT until June 30, 2027. The remaining outstanding balance is 165 million USDT, of which 60 million USDT will mature on December 4, 2026.In addition, the Nakamoto board has authorized a stock buyback plan of up to $25 million. This plan is effective until December 31, 2026, and the company may repurchase common stock through open market purchases, privately negotiated transactions, block trades, and other methods.

Bitcoin Treasuries.NET posted on platform X that the publicly traded company Fold Holdings has sold 633.8 BTC to repay a $20 million debt secured by BTC, and currently holds a total of 192.2 BTC.

NASDAQ-listed Solana treasury company SOL Strategies announced that it has repaid approximately 5.75 million Canadian dollars in debt by selling 65,001 SOL, with an average selling price of 87.88 Canadian dollars per SOL.This move aims to optimize the capital structure and risk management in a volatile market environment, further improving the balance sheet to allocate more resources to core operational activities.

According to Arkham monitoring, the bankrupt cryptocurrency exchange Mt. Gox transferred 10,422.65 bitcoins from its cold wallet, worth over $739 million. Most of the funds were sent to a new wallet, while 116.3 bitcoins were routed to Mt. Gox's known hot wallet. This transaction did not indicate that Mt. Gox sold any bitcoins or started a new round of creditor repayments. Due to the incomplete creditor process and processing delays, the liquidation trustee has extended the repayment deadline to October 31, 2026. Currently, Mt. Gox still has approximately 35,000 bitcoins awaiting distribution, worth about $2.4 billion.

According to BBX data, yesterday there was a structural differentiation in the Bitcoin treasury strategies of globally listed companies and large asset management entities, with the core dynamics as follows:Cardone Capital increases holdings on dips: Grant Cardone, CEO of the well-established American real estate investment and asset management giant Cardone Capital, officially posted on social platform X announcing that the company has increased its holdings by 130 BTC during the recent market correction. He emphasized that as a strategic asset reserve against inflation, the company will continue to utilize cash flow to allocate Bitcoin spot on dips.Sequans liquidates 80% of holdings to repay debts: Sequans Communications S.A. (NYSE: $SQNS) released an official announcement on Thursday, stating that it has successfully redeemed all debts related to its Bitcoin treasury by liquidating approximately 80% of its Bitcoin holdings, marking its official exit from the previous cryptocurrency asset treasury strategy. Currently, the company holds only 658 BTC and is completely debt-free, with future focus shifting back to its core business in IoT and cellular semiconductors.

According to official news, MARA's revenue in the first quarter was $174.6 million, a year-on-year decrease of 18%, with a net loss of $1.3 billion, mainly affected by the unrealized loss of 38,689 bitcoins on the balance sheet. MARA sold approximately $1.1 billion in bitcoins during the quarter to pay off debt and improve liquidity.The company stated that bitcoin mining remains the cornerstone of its operations, but it is shifting its business towards AI and digital infrastructure, and it does not expect to make large-scale ASIC miner purchases in the future. Currently, its hash rate has expanded to 72.2 EH/s, and it mined a total of 2,247 bitcoins during the quarter.

The founder of the Aave Chan Initiative (ACI), Marc Zeller, stated in a post that instead of initiating donations, it would be better to adopt the following plan:Establish a deposit vault named "DeFi United ETH"; transfer Aave's wETH income into this vault, with an annual yield cap set at 5%; tokenize and make the vault deposit certificates tradable, named "AaveETH"; gradually repay the gap through interest and principal.He suggested allowing users to deposit funds and setting the vault capacity to the worst-case gap size. Zeller indicated that if this plan had been adopted at the time, sufficient funds could have been raised as early as last Saturday. He believes that Aave itself has ample income, and both Aave DAO and Labs have several hundred million in reserves, which can ultimately resolve the issue and avoid market panic. He added that he would also deposit most of his ETH into this vault.

According to market news, Bitcoin mining company Core Scientific disclosed that its wholly-owned subsidiary Core Scientific Finance plans to privately issue a total of $3.3 billion in senior secured notes to qualified institutional buyers, with a maturity date of 2031. The company stated that a portion of the net proceeds will be used to fully repay previously deferred draw term loans under a 364-day credit facility, including accrued interest and related fees.The notes will be fully guaranteed by five subsidiaries of Core Scientific and secured by a first-priority lien on the majority of the assets of the relevant subsidiaries.

According to Onchain Lens monitoring, a certain whale withdrew 18,300 ETH from Binance, worth $42.18 million, of which 12,000 ETH has been sold to repay an Aave loan. The whale still holds 6,315 $ETH (worth $14.62 million) and is likely to sell it soon.

According to Lookonchain monitoring, a whale address starting with 0x8Ad4 withdrew 12,000 ETH (approximately 27.6 million USD) from Binance in the past 3 hours to repay its loan on Aave.

AI and cryptocurrency company Genius Group disclosed on Tuesday that it sold all of its remaining Bitcoin in the first quarter to pay off debts. The company stated that it would rebuild its Bitcoin inventory when market conditions are more favorable.This move contradicts its "Bitcoin First" strategy announced in November 2024, when the company committed to holding over 90% of its current and future reserves in Bitcoin. As of March 2026, Genius Group held 84 BTC, worth approximately $5.7 million, with its holdings declining since April 2025, when a U.S. court temporarily prohibited it from expanding its Bitcoin inventory.The company reported strong performance in the first quarter, with revenue increasing by 171% year-on-year to $3.3 million, gross profit rising by 228% to $2 million, and net profit turning from a loss of $500,000 in the first quarter of 2025 to a profit of $2.7 million. In 2026, several companies have reduced their Bitcoin inventories. MARA Holdings sold 15,133 BTC in March, cashing out approximately $1.1 billion to repurchase convertible bonds; Bitdeer cleared all of its 943 BTC holdings in February; Cango Inc. sold 4,451 BTC; GD Culture Group confirmed the authorized sale of part of its inventory.In contrast, Michael Saylor's Strategy has accumulated 89,581 BTC this year, worth approximately $6.1 billion.