BTC treasury unwind: Strategy dumps 3,620, miners exit
Eight named DATs have liquidated or pledged most of their holdings as bitcoin's 50% slump from the 2025 peak forces a sector-wide reset.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Eight named DATs have liquidated or pledged most of their holdings as bitcoin's 50% slump from the 2025 peak forces a sector-wide reset.
Strategy alone carries $6.7B in converts and $15.5B in preferred against 843,738 BTC; bear-case math puts calendar-driven selling at 77,100–128,500 coins over two years.
The takedown targets offline Bluetooth mesh code used by Delhi protesters to route around internet shutdowns, and tests the censorship-resistance property bitcoin's loudest advocates have always sold.
The 622.66 BTC ($40.7M) plaintiffs cite is the headline number, but the allegations of an internal desk trading on frozen-server data and collateral siphoned to an insurance fund cut at trust in…
With $173M in prepetition obligations and a customer-withdrawal freeze from 2022 still unresolved, the stalking-horse bid opens a court-supervised auction that will set the recovery benchmark for…
Bitcoin only dipped 0.6% to around $65,400 while weekly gains across the board stayed intact, framing Friday's move as a pause rather than a reversal.
BTC brushed off a sharp Nasdaq-led tech sell-off while ETH slipped 2%, and a multi-decade low in weekly jobless claims kept the macro tape stuck between risk-off headlines and a still-tight labor…
Bitcoin held steady while the Magnificent Seven lost $797B in their worst day since April 2025, the first crack in a month of crypto trading as a pure AI-cycle proxy.
If the bill clears the chamber before the August 10 recess, the next stop is a House vote and, if signed, the first federal market-structure law for crypto, digital asset developer safe harbor, and…
The market's near-term path now hinges on whether the Clarity Act reaches a Senate floor vote before the August 7 window, with Bitcoin's $72K 200-day and ETH's $2,100 the upside lines that matter.
Retiring the paper is mostly cosmetic on a quoted London share count, but BTC-per-share still dropped, which is the real signal for the treasury thesis.
The mark-to-market hit lands in the same week SpaceX's IPO filing disclosed its own Bitcoin exposure, reframing Tesla's $674M digital-asset pile against a competing public-market benchmark.
The third major US card network on board lifts MoonPay's addressable US card base by tens of millions, but the real test is whether legacy-network rails can sustain crypto purchase volume at scale.
The streak is the longest in months and BlackRock's IBIT keeps leading the bid, but the cumulative pace is roughly one-fifth of the October run-up, framing this as gradual institutional positioning…
Cory Klippsten's attack lands during Twenty One's public build-out, and frames the Tether-backed BTC treasury firm as influence infrastructure rather than a pure treasury play.
Galaxy is leading the funding, but the lineup of backers matters more than the dollar figure: BlackRock, Coinbase and Strategy on the same cap table is the first credible institutional mandate to…
Coinbase Business is opening agentic payment acceptance to all clients one year in, framing the rail as a core growth bet rather than an experiment.
The dollar number is small; the precedent is bigger. After two years of litigation the SEC admitted its phones were wiped, and Coinbase walked away with the document trail it spent years demanding.
The warning lands as Bitwise, Coinbase and Kraken scale onchain yield products that increasingly rely on human managers rather than immutable code, the exact pivot that draws securities scrutiny.
64% of asset managers now want to tokenize, up from 40% a year ago, and Broadridge is moving $370B of tokenized repo daily on Canton. The bull case is operational, not narrative.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "BTC treasury unwind: Strategy dumps 3,620, miners exit" — read at /en-US/a/btc-treasury-unwind-strategy-dumps-3620-miners-exit.