BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Strategy Sells $216M in BTC, Cash Hits $2.55B

Strategy sells 3,588 Bitcoin; Bernstein reaffirms $150K target

  • Strategy sold 3,588 Bitcoin for roughly $216 million, its first major divestment after years of accumulation
  • Bitcoin traded at $63,700 after the news, recovering from an initial sell-off to $61,800
  • Bernstein reaffirmed a $150,000 Bitcoin target for this year despite a brutal first half
  • BonkDAO lost roughly $20 million in a malicious governance attack
  • Tether announced plans to bring USDT to Bitcoin via its RGB protocol

Strategy confirmed it sold 3,588 Bitcoin for roughly $216 million over the past week, according to an SEC filing, marking its first significant divestment after years of accumulation. Michael Saylor framed the sales as routine treasury management, covering dividend obligations on the company’s Digital Credit securities and refilling fiat reserves to over $2.5 billion. The move follows the June 29 Digital Credit Capital Framework authorizing up to $1.25 billion in Bitcoin sales. Consequently, Bitcoin initially sold off to $61,800 on the headline before rebounding to $64,200 overnight. Meanwhile, Bernstein reaffirmed its $150,000 Bitcoin target for this year, arguing the setup still points higher despite the brutal first half. In other news, BonkDAO was drained of roughly $20 million in a malicious governance attack after an attacker bought BONK to pass a proposal that sent 4.4 trillion tokens to their wallet. Tether shared plans to bring USDT to Bitcoin via its RGB protocol. Ripple went fully MiCA-compliant after Luxembourg upgraded its preliminary license, according to reports, letting it passport crypto payment services across all 30 European Economic Area countries. Ethereum developers rallied behind Vitalik’s “Lean Ethereum” roadmap but urged faster execution, warning the challenge is speed rather than vision. Crypto majors traded mostly flat, with Bitcoin at $63,700, Ethereum at $1,790, and Solana at $82.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

Trump says US weighs buying ‘sizable’ Bitcoin reserves

President Trump says the US is considering buying "sizable" amounts of Bitcoin and other...

Trump touts ‘fair’ Clarity Act at White House crypto meeting

President Donald Trump called on Congress to pass a "fair version" of the Clarity...

Rollbit co-founder doxxed accused of theft and rigged games

An online researcher has attempted to doxx the pseudonymous co-founder of crypto casino Rollbit,...

Crypto-backed PAC candidates win 4 of 5 primaries in key races

Four of five candidates backed by the crypto-aligned PAC Fairshake won primaries or advanced...

BRICS 2026: Modi pushes CBDC payment link at summit

The BRICS 2026 summit in New Delhi will spotlight a CBDC payment bridge to...

Must Read

How To Buy a Handshake Domain: A Step-by-Step Guide

Handshake Domains | Benefits | Drawbacks | How To Buy | Supported BrowsersIn this step-by-step guide, I am going to show you how to...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading