Strategy Opens Door to Bold Bitcoin Sales Pivot Unlocking $2.2 Billion Tax Benefit

Strategy Inc. signaled willingness to tactically sell Bitcoin holdings for tax optimization and capital allocation, marking a pivot from its "never sell" stance. The company could realize $2.2 billion in tax benefits by harvesting losses on higher-cost-basis BTC while remaining a net Bitcoin accumulator. With 818,334 BTC holdings and $11.7 billion raised year-to-date, the move prioritizes Bitcoin-per-share accretion over dogmatic accumulation, reshaping corporate treasury strategy.
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Bullish’s Equiniti deal could remake it into a tokenization powerhouse, Clear Street says
Bullish surged 11% after agreeing to acquire transfer agent Equiniti for $4.2 billion, positioning itself as a tokenization infrastructure player. The deal grants Bullish access to 3,000 public companies and regulated frameworks needed to mainstream blockchain-based securities trading. Clear Street maintained a Buy rating, citing improved earnings from recurring fees, while competitors race to modernize market infrastructure.

