Michael Saylor has responded to criticism surrounding Strategys recent Bitcoin sale, clarifying that his long-standing Never Sell Your Bitcoin message applies to individual investors rather than the treasury management of a publicly traded company. In a post on X, the Strategy executive reaffirmed his personal commitment to Bitcoin, stating, When I say Never Sell Your Bitcoin, I speak as one saver to another.
Bitcoin analyst Willy Woo estimates authorities have a 20% to 40% chance of recovering part of the bitcoin stolen through the Coldcard vulnerability. Historical crypto recoveries spanning billions of dollars underpin that outlook, while security leaders urge victims to preserve evidence that could support future claims.
BitMine Immersion Technologies ($BMNR) has deepened its bet on Ethereum (ETH), buying an additional 10,399 ETH worth about $19.1 million over the past week and lifting its total holdings to roughly 5.8 million ETH—about 4.8% of the network's total supply. The accumulation cements BitMine's growing profile as a publicly traded proxy for 'institutional demand' seeking ETH exposure through equities rather than direct token ownership.
Bitcoin (BTC) is showing renewed signs of weakness as its latest recovery attempt loses momentum, raising concerns that the broader downtrend remains intact. After rebounding from its June lows, the worlds largest cryptocurrency briefly reclaimed several short-term moving averages, fueling optimism that a sustained rally was underway.