Here’s What Happened Today
This live page will be closing soon. Before we go, here’s a recap of the latest developments across the crypto market:
- Bitcoin came under pressure after Strategy disclosed that it sold 3,588 BTC for about $216 million to fund dividends on its Digital Credit securities. The company still holds 843,775 BTC and $2.55 billion in USD reserves.
- Strategy’s sale became the day’s biggest market story, shifting the debate from whether Michael Saylor’s company would ever sell Bitcoin to how often it may use BTC as a funding source.
- Bitcoin treasury accumulation continued elsewhere, with American Bitcoin saying it now holds more than 8,000 BTC after adding another 500 Bitcoin. Ethereum treasury activity also remained active as BitMine added 42,197 ETH over the past week, taking its total Ethereum holdings to more than 5.7 million ETH.
- President Donald Trump said he has become “a big crypto guy” during the Trump Accounts launch, while stopping short of confirming whether Bitcoin could be added to the program.
Trump Says He Is Now a “Big Crypto Guy”
President Donald Trump said he has become a “big crypto guy” during the Trump Accounts launch event, adding a crypto angle to the federal investment-account rollout. Asked whether Bitcoin could eventually be added to Trump Accounts, Trump said, “Something could happen,” keeping the door open for future crypto-linked changes.
The comment matters because Trump Accounts currently focus on long-term stock-market investing, not crypto. The program gives eligible U.S. children born between 2025 and 2028 a $1,000 Treasury-funded investment account, with contributions invested in low-cost U.S. equity index funds.
Trump linked his pro-crypto stance to global competition, saying the U.S. should not leave the industry to China. His remarks could fuel speculation that Bitcoin may eventually become part of a broader government-backed savings or investment framework, though current rules still limit Trump Account investments to approved equity index funds.
Peter Schiff Says Strategy’s Bitcoin Losses Could Get Bigger
Peter Schiff criticized Strategy’s latest Bitcoin sale, saying MSTR now has a “completely different business model.” He argued that instead of raising capital to buy Bitcoin, Strategy is now selling Bitcoin to pay interest, dividends, debt obligations and possibly support buybacks.
Schiff said Strategy sold 3,588 BTC at an average price of about $60,196.73. He claimed that, based on the company’s average Bitcoin cost, the sale may have created a realized loss of nearly $15,000 per BTC, or about $54 million in total.
His comments add pressure to the ongoing debate around Strategy’s Bitcoin treasury model. While the company still holds more than 843,000 BTC, Schiff warned that losses could become “much greater” if Strategy continues selling Bitcoin while prices remain below its average purchase cost.
Bitmine Adds 42,197 ETH to its Billions of Dollars of Ethereum Treasury
Bitmine Immersion Technologies (NYSE: BMNR) announced on July 6, 2026, that it acquired an additional 42,197 ETH over the past week, boosting its total Ethereum holdings to 5,742,237 tokens.
This represents approximately 4.8% of Ethereum’s circulating supply of 120.7 million ETH. The company’s overall crypto, cash, marketable securities, and other investments now stand at $11.1 billion, including 4,879,157 staked ETH valued at roughly $8.8 billion at current prices around $1,800 per token.
The public company, which has adopted the “Alchemy of 5%” strategy aimed at securing 5% of total ETH supply within 12 months, continues its aggressive treasury accumulation as part of a broader push to become the world’s premier Ethereum treasury platform. Most of its holdings are staked through its proprietary MAVAN (Made in America VAlidator Network) platform, generating projected annualized staking rewards of about $277 million. Bitmine also holds smaller positions in Bitcoin and “moonshot” investments while maintaining substantial cash reserves.
Bitcoin Slips Below $62K After Strategy’s Bitcoin Sell Announcement
Following Strategy’s Bitcoin sale news, BTC price came under immediate pressure. The cryptocurrency, which had been trading near $63,000 earlier in the session, quickly dipped below $62,000, shedding roughly 1.5% within minutes of the news.
Although the sale represents only about 0.4% of Strategy’s remaining 843,775 BTC treasury—and the company maintains a healthy $2.55 billion USD cash reserve—the timing created a jarring contrast with Saylor’s optimistic public messaging. Market participants reacted swiftly, highlighting crypto’s sensitivity to actions from influential corporate holders even when framed as routine liquidity management.
Strategy Sells 3,588 BTC to Fund Digital Credit Dividends
Strategy Inc. said it sold 3,588 BTC for about $216 million between June 29 and July 5 to fund dividend payments on its Digital Credit securities and replenish part of its USD reserve. The company sold 1,363 BTC for $80.8 million through June 30 and another 2,225 BTC for $135.2 million between July 1 and July 5.
As of July 5, Strategy now holds 843,775 BTC, down from 846,000 BTC at the end of Q2, with an aggregate purchase price of $63.69 billion and an average purchase price of $75,476 per BTC. The company also reported a $2.55 billion USD reserve, which it says is intended to support preferred stock dividends and debt interest payments.
The move marks a notable shift for the Bitcoin treasury giant, showing that Strategy is now willing to monetize a small portion of its BTC reserves to meet obligations linked to its preferred stock and Digital Credit structure, while still remaining the largest corporate holder of Bitcoin.
Crypto Short Liquidations Nearly Double Longs as Market Rises
In the past 24 hours, cryptocurrency markets witnessed a significant wave of liquidations totaling $170.14 million, with short positions bearing the brunt of the damage.
Data from CoinGlass shows short liquidations reaching $111.14 million—nearly double the $59 million in long liquidations—aligning with a broader market recovery. Bitcoin and Ethereum led the charge, with BTC seeing $62.02 million in liquidations and ETH experiencing $41.28 million, as rising prices squeezed traders betting against the upside.
The liquidation heatmap highlights intense pressure on leveraged short positions across major assets. SOL recorded $9.83 million in liquidations, while a cluster of altcoins including XRP, KORU, and others contributed to the $13.36 million “Others” category. This imbalance underscores how upward price momentum in Bitcoin and Ethereum triggered cascading stop-losses for shorts, amplifying the rally.
With total 24-hour rekt figures climbing to $170.14 million, the market’s resilience suggests renewed bullish sentiment, though heightened volatility continues to punish over-leveraged participants on both sides. Traders are now watching whether this short squeeze can sustain the upward trajectory into the coming days.
Bitcoin Price Surges Over 5% on Weekend
Bitcoin has surged back above the key $63,000 psychological level in early Monday trading, reclaiming ground lost in late June amid a broader cryptocurrency market rebound.
The largest cryptocurrency climbed as high as $63,900 over the weekend before settling near $63,500–$63,800, marking its strongest performance in over two weeks. This recovery comes as traders position themselves ahead of the U.S. weekly open, with reduced holiday trading volume on July 4 contributing to a swift short squeeze that pushed prices higher.
Bitcoin price reversed end-of-June losses, rising roughly 5% on the week after finding solid support near $58,000–$60,000. With the Federal Reserve’s upcoming policy signals in focus and potential easing of macroeconomic pressures, bulls are eyeing a push toward $65,000 resistance. However, lingering concerns over liquidity and ETF flows keep the outlook cautious in the near term.
As U.S. markets prepare for a full trading week, Bitcoin’s ability to hold above $63,000 will be closely watched. A sustained breakout could signal renewed institutional interest, while a failure to maintain momentum might test lower supports around $62,000.
Overall trading volume remains moderate, reflecting a market still in consolidation mode following last year’s all-time highs.
