Shareholders force listed firm to liquidate full BTC treasury at £40k loss
The sell crystallised a £39,984-per-coin loss and signals a wider pivot among treasury holders treating BTC as liquidity rather than a permanent reserve.
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The sell crystallised a £39,984-per-coin loss and signals a wider pivot among treasury holders treating BTC as liquidity rather than a permanent reserve.
A nine-figure unlock hitting 121 wallets is the kind of supply event memecoins rarely absorb cleanly, and the on-chain footprint of the recipients is now the only filter that matters.
Six early-stage allocations release in coming months, with XPL alone accounting for $74.8M of fresh supply that lands on an already thin altcoin bid.
The wallet hadn't moved since October 2018, when BTC traded near $6,475. A single 2,931 BTC transfer after that long a silence is the kind of flow on-chain desks flag as potential sell-pressure even…
On-chain tracking flags a tightly timed transfer from a major digital-asset desk into exchange wallets, the kind of flow that often precedes a sell order.
The first meaningful disposition since 2024 shrinks the treasury by roughly 0.4% and lands directly into Q1 income, reframing Strategy from buyer to opportunistic seller.
The metric tracks the share of coins moved at a loss, a behavioural proxy for capitulation. A fresh floor typically marks a sentiment extreme, not a confirmed bottom.
Seven unlocks dominate the month, with RAIN alone worth $785M. If even a slice hits the open market, July is a structurally heavy tape for the named names and their segments.
A CryptoQuant analyst flagged the largest spike in exchange-bound BTC transfers since the 2023 bear market, with deposit addresses absorbing supply that, if sold, would crush an already fragile tape.
CryptoQuant analyst IT Tech says altcoin sell pressure on spot exchanges has reached a five-year extreme, with the spot…