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Strategy sells Bitcoin for first time in four years to fund STRC dividend payment
Strategy’s first BTC sale in four years hits sentiment as Bitcoin nears $71K, Coinbase expands access, and Bitmine keeps adding ETH.
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Strategy just did the one thing it built an entire religion around not doing: selling Bitcoin.
The company offloaded 32 BTC to fund dividend payments, breaking one of the market’s most closely watched holding streaks.
Meanwhile, Bitcoin is sliding toward $70K as spot ETF outflows stretch to record levels and broader crypto sentiment stays weak.
Binance is pushing into US stock trading, Coinbase is expanding its market stack, and Dogecoin is moving closer to fintech rails through Paxos.
Coinbase turns on direct rupee bank transfers in India
Coinbase's first attempt to crack India flopped in 2022 when UPI integration fell through.
This time, FIU registration and IMPS bank rails gave the exchange a real on-ramp for rupee deposits.
India has 1.4 billion people and a fast-growing retail trading appetite. That's the prize.
Markets
Strategy trims Bitcoin holdings as BTC slips near $71K
Strategy sold 32 BTC to fund dividend payments, marking its first Bitcoin sale in four years.
The sale came as US spot Bitcoin ETFs posted a record 10 session, $3B outflow streak.
That included one fund dumping a $1.2B position in a single move.
Renewed inflation fears from rising oil prices kept crypto sidelined from Wall Street’s AI rally.
BTC slipped near $71K, ETH fell below $2K, SOL traded under $80, and XRP dipped below $1.30.
Dogecoin partners with Paxos to tap into PayPal and Venmo users
House of Doge, the memecoin's corporate arm, just plugged into Paxos' enterprise infrastructure.
Paxos powers crypto services for PayPal, Venmo, and Latin America's Mercado Libre.
DOGE sitting at $0.10 could look very different with 400 million potential new buyers.
Bitmine now holds 5.4 million ETH worth $12B, nearing 5% of total supply
Bitmine has quietly become one of Ethereum’s biggest holders, accumulating nearly 4.5% of the total supply in 11 months.
Bitmine's $12B position bets on tokenization demand and AI agents using public blockchains.
When a single entity approaches 5% of a network's supply, governance questions follow.
Binance launches zero-commission trading for 7,000 US stocks and ETFs
Non-US users can now trade Apple, Tesla, and thousands more stocks on Binance for free.
The exchange also plans tokenized shares called bStocks, blending equity ownership with blockchain rails.
Robinhood built a $20B company on commission-free stocks. Binance wants that playbook, globally.
On Our Radar
The credit shift: Crypto OTC desks are quietly becoming lenders, not just traders.*
Lean aI stack: Tether open-sources Google's memory-slashing tool for cheaper model training.
OpenPayd hits Nasdaq: The fintech firm is going public through a $1.1B SPAC deal.
*sponsored
ICYMI
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