Bitcoin touched $64,400 in early trading before fading to $63,296, holding a modest 0.55% gain on the day. The move came despite Strategy disclosing its largest BTC sale since the company publicly abandoned its never-sell policy in 2020, a signal investors read as less bearish than the headline suggested given the muted price reaction.
Why it matters
Strategy (formerly MicroStrategy) spent four years building a corporate identity around uninterrupted BTC accumulation. Any sale is a sentiment event even when the dollar size is small relative to its 500,000-plus holdings, and the market's flat response suggests traders had already priced in dilution pressure. The Fear & Greed Index sat at 27 (Fear), but BTC dominance at 55.4% and a 0.55% gain kept the tape orderly.
Market impact
The day was rougher in DeFi than in spot BTC. A fake HyperSwap airdrop drained $12,300 from a single wallet in 84 seconds, while BONK lost roughly $20 million in treasury value after an attacker spent $4 million to push a malicious governance proposal through. On the corporate side, Trump family-backed American Bitcoin added 500 BTC, enough to become the 16th largest public corporate holder. Altcoin index held at 52/100, with small caps TaoLend (+92.5%), Vanar Chain (+53.1%) and Epic Chain (+52.7%) leading the tape.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI_KmpMppSFcDDe_WNIptWedgGuDBmeAAL1Fmsblt9oSigc7hkvkgxvAQADAgADeQADPAQ)
Frequently asked questions
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How much Bitcoin did Strategy sell?
Strategy disclosed its largest BTC sale since abandoning its never-sell policy in 2020. The exact figure was not in the source, but the sale met a muted market, with BTC holding a 0.55% gain at $63,296.
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What happened with the HyperSwap airdrop scam?
A fake HyperSwap airdrop drained $12,300 from a single wallet in 84 seconds. The attacker exploited user trust in the airdrop format to authorize malicious transactions.
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How did BONK lose $20 million in treasury value?
An attacker spent $4 million to push a malicious governance proposal through BONK's voting process, draining roughly $20 million from the project's treasury.
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How much BTC did American Bitcoin add?
American Bitcoin, backed by the Trump family, added 500 BTC, which was enough to make it the 16th largest public corporate Bitcoin holder.
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What were the top small-cap gainers on the day?
TaoLend led at +92.5%, followed by Vanar Chain at +53.1%, Epic Chain at +52.7%, Blur at +39.5%, and Joe Coin at +27.5%.
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