- Published on
Hodler's Digest, June 29-July 6, 2026
- Authors
- Name
- DeepHorus
Strategy, the corporate treasury firm led by Michael Saylor, sold 3,588 Bitcoin for $216 million to fund preferred stock dividend payments and replenish cash reserves. The sale reduces its total holdings to 843,775 BTC, according to a June 30 filing with the U.S. Securities and Exchange Commission. This marks the company's second reported Bitcoin sale since 2022, following a 32-BTC sale in early June. Meanwhile, Bollinger Bands creator John Bollinger stated that Bitcoin charts suggest a potential price breakout, adding a bullish sentiment to the market.
The company sold 1,363 BTC between June 23-24 at an average price of $59,256, and 2,225 BTC between June 25-29 at an average price of $60,773. Before this transaction, Bernstein analysts had concluded that Strategy was unlikely to face forced sales due to its strong liquidity, with 17 months of cash to cover dividend and interest obligations. Bernstein highlighted that Strategy remains a net buyer of Bitcoin, serving as a market stabilizer while miners pivot to AI and become net sellers.
The sale occurred amid broader crypto market developments, including President Donald Trump's disclosure of $1.4 billion in income from crypto ventures while in office. Trump defended the earnings in a CNBC interview, claiming no illegality and asserting that others managed his investments. The disclosure included $636 million from his memecoin, $588 million from World Liberty Financial, and $197 million from a stablecoin venture, drawing criticism from advocacy groups over potential conflicts of interest.
In response to such concerns, Senator Kirsten Gillibrand proposed barring elected officials and the president from issuing or sponsoring digital assets. The New York lawmaker emphasized that the restriction should apply to presidents and their spouses, citing Trump's and Melania Trump's memecoins as examples. Gillibrand argued the measure is a 'commonsense requirement' to prevent self-dealing and protect opportunities for consumer safeguards and financial inclusion.
Ethereum co-founder Vitalik Buterin also shared priorities for a new 'Lean Ethereum' roadmap, focusing on quantum resistance and scalability. These updates aim to secure the network against future threats while improving transaction throughput. The tech developments, combined with Strategy's sale and political actions, signal a shifting landscape where institutional moves and regulatory debates intersect.
Looking ahead, Bollinger's bullish chart analysis suggests Bitcoin could gain momentum, though Strategy's reduced holdings may temper short-term supply expectations. The Gillibrand proposal, if passed, could reshape how public figures engage with crypto, potentially reducing market volatility from political launches. As the industry balances growth with regulation, key players like Saylor and Buterin continue to drive strategic and technological evolution.
