This week saw significant market movements with Strategy selling large amounts of Bitcoin and John Bollinger predicting a bullish outlook. Meanwhile, Donald Trump defended his crypto investments while
In a notable move this week, investment firm Strategy sold $216 million worth of Bitcoin (BTC) to fund dividends and replenish its cash reserves. The sale involved 3,588 BTC, reducing the company’s holdings by nearly one-tenth. This transaction was detailed in an SEC filing on July 3rd.
The sale occurred over several days: between June 26th and 27th, Strategy sold 1,363 BTC at an average price of $59,256; from June 28th to the end of the week, they sold another 2,225 BTC averaging around $60,773. Before this sale, there was a smaller transaction reported in early June.
Notably, Bernstein Research had previously stated that Strategy’s liquidity position and cash reserves would likely prevent it from needing to sell its Bitcoin holdings aggressively. The firm highlighted that the company could cover dividend obligations for 17 months with its current financial situation.
In other crypto news, former US President Donald Trump defended his $1.4 billion in cryptocurrency earnings while serving as president. In an interview on CNBC, he dismissed criticisms, asserting there was nothing illegal or wrong about profiting from his investments during his tenure.
Trump’s comments came after the release of his 2025 financial disclosure report by the US Office of Government Ethics. The report detailed significant crypto-related income, including $636 million from a memecoin and over half a billion dollars from World Liberty Financial, a platform he co-founded with his family.
Meanwhile, Senator Kirsten Gillibrand proposed legislation to ban elected officials, including presidents and their spouses, from issuing or sponsoring digital assets. She argued that such measures are necessary for consumer protection and preventing conflicts of interest in the crypto space.
Ethereum’s co-founder Vitalik Buterin outlined his vision for a ‘Lean Ethereum’ roadmap, focusing on quantum resistance, scalability, and privacy improvements over the next three to four years. This plan aims to transform Ethereum similarly to how the 2022 Merge shifted its consensus mechanism.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.