Category: Bitcoin News

Michael Saylor breaks silence after Strategy’s $2.5M Bitcoin sale

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Strategy has put STRC at the center of its latest capital story after selling 32 Bitcoin to help fund preferred stock distributions. Summary Strategy sold 32 Bitcoin for about $2.5 million to help fund distributions on its STRC preferred stock. Michael Saylor promoted STRC after the sale, saying Strategy wants it to become the best credit instrument. Strategy paused Bitcoin purchases while repurchasing convertible debt worth nearly $1.5 billion in face value. Strategy said in an 8-K filing that it sold the Bitcoin for about $2.5 million last week, with…

Saylor Breaks Silence After Strategy’s Bitcoin Sale

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Key Takeaways Strategy sold 32 BTC for $2.5 million to support preferred stock payouts. Investors are assessing whether dividend obligations could drive additional bitcoin sales. Attention shifted to STRC as Saylor avoided discussing the BTC transaction. Strategy’s First BTC Sale Tests Saylor’s Dividend Strategy Strategy (Nasdaq: MSTR) revealed in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) dated June 1 that it sold 32 BTC for $2.5 million. The proceeds are expected to help fund preferred stock distributions. The sale heightened scrutiny over whether Strategy’s dividend…

165 Dormant Bitcoin Wallets Moved 5,073 BTC in May 2026 as Longtime Holders Cash In

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Key Takeaways Galaxy Research identified a wallet dormant since Aug. 20, 2010, moving 20 BTC worth $1.5M at block 951828 on May 31. BTCparser1 data shows 165 dormant wallets moved 5,073 BTC in May 2026, with 2014 wallets leading at 1,885 BTC. A 2014-era wallet moved 109.86 BTC at block 951983 on June 1, extending old-coin activity into the new month. Galaxy Research flagged one of the most notable movements on X, reporting that a wallet dormant for 15.8 years moved 20 BTC at block 951828 on May 31, 2026,…

Strive unveils $4.2B fundraising push to accelerate Bitcoin buys

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Strive has expanded its fundraising plans by $4.2 billion as the Bitcoin treasury company seeks additional capital for future BTC purchases. Summary Strive plans to expand its ASST and SATA fundraising programs by $4.2 billion to support additional Bitcoin purchases. The company recently acquired 1,109 BTC for $85.4 million, increasing its holdings to 16,500 BTC and moving ahead of Coinbase and Riot Platforms. Strategy disclosed the sale of 32 BTC worth about $2.5 million, with proceeds expected to support distributions tied to its preferred stock offerings. According to a June…

Tense Selloff Puts $60,000 in Focus as Bitcoin Struggles Under $72,000

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Key Takeaways Bitcoin closed May at $73,568, and PlanB says data shows a greater than 50% chance of prices heading lower. As of June 1, BTC dropped below the $72,000 range to $71,461. Benjamin Cowen expects BTC to tag $70,000, bounce for days, then retest February’s roughly $60,000 low. Crypto Rover flagged a “textbook bearish flag,” echoing the February flush from $90,000 to $60,000. A Market Caught at $73,000 Bitcoin closed May at $73,568 and has hovered just above that line into June as traders are divided as to what…

Strategy breaks four-year Bitcoin buying streak with surprise sale

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Strategy has ended a nearly four-year stretch of uninterrupted Bitcoin accumulation after selling 32 BTC for $2.5 million during the final week of May. Summary Strategy sold 32 BTC for $2.5 million, ending a nearly four-year run of uninterrupted Bitcoin accumulation. The company said proceeds from the sale will be used to fund preferred stock distributions, while holdings fell to 843,706 BTC. The sale followed a 411.48 BTC transfer to Coinbase Prime and recent comments from executives that future Bitcoin sales remain possible. According to a Form 8-K filing submitted…

Inside the Strategic Bitcoin Reserve: promise vs reality

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President Trump signed the executive order establishing the Strategic Bitcoin Reserve on March 6, 2025.  Summary Trump’s Strategic Bitcoin Reserve exists as a no-sell directive, not an active acquisition program yet. The U.S. government reportedly holds about 328,372 BTC, but custody and legal questions remain unresolved. Lummis’s BITCOIN Act targets 1 million BTC, while ARMA offers a more conservative legislative path. The next announcement may formalize custody and legal frameworks, not authorize direct Bitcoin purchases. Fourteen months later, in May 2026, White House digital asset advisor Patrick Witt told the…

XRP ETFs beat Bitcoin and Ethereum funds with $131.94M May inflow

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XRP ETFs recorded their strongest monthly inflows of 2026 in May, drawing $131.94 million as Bitcoin and Ethereum products faced heavy withdrawals. Summary XRP ETFs drew $131.94 million in May inflows, marking their strongest monthly performance of 2026. Bitcoin and Ethereum funds posted heavy monthly outflows while XRP products kept adding fresh capital. Institutional demand stayed positive despite XRP price weakness and wider market volatility across crypto products. XRP ETFs record strongest month of 2026 XRP ETF products attracted $131.94 million in total net inflows in May, according to SoSoValue…

Strategy Sells Bitcoin for First Time, Dumps 32 BTC to Fund Preferred Stock Dividends – Bitcoin News

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Key Takeaways Strategy sold 32 BTC for $2.5M at $77,135 between May 26 and May 31 to fund preferred dividends. Strategy holds 843,706 BTC at a $63.87B cost basis despite the sale, with a $900M USD reserve on hand. Five series of Strategy preferred stock carry active dividends payable June 30, 2026, totaling recurring obligations. Why the Sale Matters The amount is small. Thirty-two coins against a stack of 843,706 BTC represents a fraction of a fraction of the company’s holdings. But the reason for the sale draws attention: proceeds…

Bitcoin ETPs face worst 2026 outflow as $1.67B leaves crypto funds: CoinShares

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Crypto investment products recorded $1.67 billion in outflows last week, extending their losing streak to three weeks as Bitcoin funds saw their largest exit of 2026. Summary Crypto ETPs recorded $1.67 billion in outflows, extending losses to three straight weeks globally now. Bitcoin funds led the selling with $1.44 billion withdrawn, their largest weekly outflow of 2026. XRP, Hyperliquid and Near attracted inflows, but altcoin participation narrowed sharply across markets last week. Digital asset exchange-traded products posted their second-largest weekly withdrawal of 2026, according to CoinShares. The latest pullback took…