Bitcoin below $72,000 as Strategy sold 32 bitcoin sale for $2.5 million in late May
Strategy (MSTR) sold 32 bitcoin for $2.5 million at $77,135 per coin in late May, marking its first disclosed BTC disposal in four years. Proceeds fund preferred stock distributions. Bitcoin dipped below $72,000, triggering $90 million in futures liquidations. Strategy retained 843,706 bitcoin at $75,699 average cost, above current market levels, signaling confidence despite crypto market weakness.
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Bitmine slows ether purchase pace, buying $53 million worth last week
Bitmine purchased 26,497 ETH last week worth $53 million, slowing accumulation by over 75% from the prior week's 120,000 ETH buying spree. The Ethereum treasury firm now holds 5.42 million tokens, approximately 4.49% of circulating supply, nearing its 5% ownership target. CEO Tom Lee indicated moderated pace as the company approaches stated goals while staking operations generate projected $300 million annually.
