Tom Lee's BitMine Buys $52 Million in Ethereum as Strategy Sells Bitcoin
A week after notching its largest purchase of 2026, BitMine was back in the order books, accumulating more Ethereum.
The Defiant·
A Monday 8-K filing shows Strategy disposed of 32 BTC between May 26 and May 31 at an average $77,135 a coin, with proceeds earmarked for distributions on its STRC preferred stock — the first disclosed sale since the December 2022 tax-loss harvest.
Read full articleA week after notching its largest purchase of 2026, BitMine was back in the order books, accumulating more Ethereum.
Institutional shifts towards Solana ETFs highlight evolving crypto investment strategies, emphasizing diversification beyond Bitcoin and Ethereum. The post Bitwise leads Solana spot ETFs with $80M in May inflows as Bitcoin and Ethereum bleed capital appeared first on Crypto Briefing.
A crypto analyst has shared the reason he believes many people will miss the XRP bull run. Despite the recent poor performance in XRP’s price action, the analyst has shown strong confidence in the cryptocurrency’s ability not only to bounce back to the upside but also to reach significantly higher price levels that could match its global settlement goals. In an X post on May 31, crypto market expert BarriC boldly stated that a significant number of investors are likely to miss the highly anticipated XRP bull rally once it eventually unfolds. Currently, several analysts in the XRP community share the view that the cryptocurrency’s current price does not reflect its true value. They believe that XRP’s value should not be measured by normal price action but by its utility and long-term potential to serve as a global settlement layer. The Reason Many People Will Miss XRP’s Rally BarriC noted that a significant percentage of investors may miss XRP’s run, not because they have never heard o
Bitcoin's dip below $71,000 highlights market volatility, driven by ETF outflows and regulatory uncertainty, challenging investor confidence. The post Bitcoin trades under $71,000 for first time since April 13 appeared first on Crypto Briefing.
Strategy sold Bitcoin, sparking jitters among investors and raising questions among analysts toward the prospect of future sales.
Institutional investors just sold an overall total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the third consecutive negative week and the second-largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion. Bitcoin led the selling with […] The post Institutional Investors Sell $1,670,000,000 in Bitcoin and Crypto Assets in Third Straight Week of Outflows: CoinShares appeared first on The Daily Hodl.
Michael Saylor broke his silence after the market learned of Strategy’s 32 BTC sale and its $2.5 million in proceeds. His focus on STRC raised fresh questions about preferred dividends and the company’s bitcoin-backed capital model. Strategy’s First BTC Sale Tests Saylor’s Dividend Strategy Strategy (Nasdaq: MSTR) revealed in a Form 8-K filed with the […]
Another sudden drop took place in the crypto markets, causing over $130 million in liquidations in less than an hour.