- 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.
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