Strategy lifts cash reserve to $2.55B and opens door to $1.25B in Bitcoin sales
Strategy opens the door to $1.25B in Bitcoin sales as BTC holds $60K, Bitmine nears its ETH target and Galaxy cuts CLARITY Act odds to 50%.
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Strategy just shifted from buying Bitcoin to protecting its balance sheet.
The company built a $2.55 billion cash reserve and opened the door to as much as $1.25 billion in Bitcoin sales.
Meanwhile, Bitcoin is still fighting to hold $60K as pressure builds across the market.
Bitmine is nearing its goal of owning 5% of Ethereum while Galaxy Digital has cut the odds of the CLARITY Act passing to 50%.
The theme today: crypto companies are moving forward even as markets weaken and regulation stalls.
Strategy hikes STRC dividend to 12%, locks in $3B reserve plan
Strategy just raised its preferred stock dividend to 12%, effective July 2026.
The company formerly known as MicroStrategy also built a $2.55 billion cash reserve and opened the door to as much as $1.25 billion in Bitcoin sales.
It is a bold financing play, but one that hinges entirely on Bitcoin not cratering.
Markets
Bitcoin tests $59K as ETF exodus deepens
Bitcoin slipped from $60K to $59K on Monday morning as sellers kept pressure on.
June's ETF outflows already surpassed February 2025's record of $3.6B, and the month isn't over.
Ethereum held flat near $1,575 while Solana bucked the trend, climbing toward $74.
BlackRock brings Ethena's USDe stablecoin to its Aladdin platform
BlackRock just gave institutional investors access to Ethena's USDe stablecoin through Aladdin.
The partnership also deepens liquidity for BUIDL, BlackRock's tokenized Treasury fund.
When the world's largest asset manager embraces a DeFi-native stablecoin, the rest of Wall Street tends to follow.
Bitmine hits 94% of its ETH accumulation target, joins the Russell 1000
Bitmine now holds 5.7 million ETH, representing 4.7% of all Ethereum in circulation.
The company scooped up over 27,000 ETH last week alone.
Its Russell 1000 inclusion could force index funds to buy in, creating a feedback loop for ETH demand.
Galaxy Research cuts CLARITY Act passing odds to 50%
Galaxy slashed its odds of the CLARITY Act becoming law from 75% to 50%.
The House passed the bill 294-134, but a packed Senate calendar is the bottleneck.
Community banks warn the bill's stablecoin provisions could drain $1.3T in deposits from traditional finance.
On Our Radar
The credit shift: Crypto OTC desks are quietly becoming lenders, not just brokers.*
Stablecoin stepping stone: BNY Mellon finally lets institutions custody their USDC directly.
Token destruction theater: Aster burns its first batch under new rules.
*sponsored
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Until next time.
Estéfano
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