Bitcoin Treasury
MicroStrategy Sells 3,588 Bitcoin, Ending “Never Sell” Era
MicroStrategy liquidated 3,588 Bitcoin for approximately $216 million between June 29 and July 5, marking the largest bitcoin disposal in the company’s history and signaling the end of its “never sell” era. The sale was executed to fund quarterly dividend payments on the company’s Digital Credit securities, underscoring structural pressure on the treasury giant’s capital...
Metaplanet Expands Bitcoin Treasury to $2.6B Targeting 1% of Supply
Metaplanet, the Tokyo-listed investment company, has expanded its Bitcoin treasury to 2.6 billion dollars with the purchase of an additional 2,823 BTC worth 170.7 million dollars, cementing its position as the third-largest publicly traded Bitcoin holder globally. The acquisition, announced today, marks a significant show of institutional confidence in Bitcoin accumulation despite ongoing market volatility...
Strategy STRC Crashes 17% Below Par as Digital Credit Model Fractures
Strategy’s STRC digital credit instrument crashed to $82.53 on June 18, marking a devastating 17% depeg from its $100 par value and the lowest trading level since its July 2025 debut. The collapse, driven by forced liquidation from leveraged investors, signals escalating pressure on the Bitcoin treasury company’s complex capital structure at a moment when...