ME News reports that on July 7 (UTC+8), according to comprehensive disclosures from BBX Crypto-related Stock Information, yesterday the global crypto asset market presented a highly symbolic contrast: Strategy sold 3,588 bitcoins, approximately $216 million, to pay dividends on multiple preferred shares; meanwhile, Bitmine purchased 42,197 ether, approximately $74 million, raising its total holdings to 5,742,237 ETH. Two crypto digital asset treasury companies, within the same week, engaged in opposite transactions—one selling, one buying.
Key Updates Quick Recap
Strategy Inc. (Nasdaq: $MSTR) filed a document with the SEC on July 6, disclosing that it sold 3,588 bitcoins in two batches between June 29 and July 5: the first batch of 1,363 bitcoins was sold between June 29 and 30, generating approximately $80.8 million; the second batch of 2,225 bitcoins was sold between July 1 and 5, generating approximately $135.2 million; totaling approximately $216 million in proceeds at an average price of about $60,215 per bitcoin. This average sale price was approximately 20% below the company’s historical average cost basis of $75,653 per bitcoin. The proceeds were used entirely to pay quarterly dividends on the four preferred shares—STRF, STRE, STRK, and STRD—and the monthly dividend for STRC in June, while replenishing its U.S. dollar reserves to approximately $2.55 billion. This sale volume far exceeds the 32 bitcoins (approximately $2 million) sold by the company in May this year and represents its largest bitcoin sale since its tax-loss harvesting began in 2022. The company’s total holdings have now decreased to 843,775 BTC, with a reported non-cash impairment loss of approximately $8.32 billion on digital assets for Q2. The sale was a liquidity management decision, and the company explicitly stated that it does not reflect any change in its bitcoin strategy.
Bitmine Immersion Technologies (NYSE: $BMNR) issued an official announcement on July 6, disclosing that during the week ended July 5, the company purchased 42,197 Ethereum tokens for approximately $74 million, at an average price of about $1,800 per token; its total holdings increased to 5,742,237 ETH, with a market value of approximately $10.3 billion at $1,800 per ETH, representing about 4.8% of Ethereum’s total circulating supply (approximately 120.7 million ETH), bringing it to 95% completion of its "Alchemy of 5%" goal. Of these, 4,879,157 ETH have been staked via the company’s MAVAN staking platform, generating an annualized staking yield of approximately $235 million and a 7-day staking yield of about 2.68%. The company’s total assets (including crypto assets, cash, and strategic equity investments) amount to approximately $11.1 billion, alongside holdings of 206 Bitcoin and equity stakes in Beast Industries ($180 million) and Eightco Holdings ($71 million). The company was added to the Russell 1000 Index on June 26. Chairman Tom Lee attributed the recent outperformance of ETH relative to BTC and Bitmine’s continued purchases to the improved probability of the CLARITY Act passing, now estimated at approximately 48% to 50% (per Polymarket data), the highest level in two weeks.(Source: BBX)
