Corporate Treasury

Strategy’s latest bitcoin sale has intensified scrutiny of its balance-sheet playbook after a turbulent month for BTC and MSTR. The company also disclosed an $8.32 billion second-quarter loss on its bitcoin holdings as market participants debate whether its buying pressure has paused.

Bitmine Immersion Technologies added 27,084 ether last week in a $43 million purchase that lifted its ETH holdings to 5.7 million tokens. Chairman Thomas Lee said quarter-end window dressing helped drive recent weakness in bitcoin and ether.

Michael Saylor signaled that Strategy may keep adding to its bitcoin position after posting fresh figures on the company’s massive BTC stash. The update comes as Strategy shares remain under pressure from funding and dividend concerns.

Sharplink received 5,000 ether from FalconX, marking its first ETH inflow in eight months as the market traded lower. The treasury firm still faces a steep unrealized loss despite holding more than 876,000 ETH.

CryptoQuant is warning that Strategy has stretched its balance sheet too far through aggressive bitcoin accumulation. The firm says cash coverage has thinned sharply, making a reset in reserves more urgent than fresh BTC purchases.