Cryptocurrency investors experienced a tumultuous week of mixed developments, ranging from bullish signs of more capital-raising among Bitcoin treasuries to renewed concerns tied to the economic model of Michael Saylor’s Strategy, the largest corporate Bitcoin holder.

Europe’s 2nd-largest Bitcoin treasury, Capital B, received stockholder approval to issue new credit instruments that will bring up to $120 billion 💰 in new fiat capital to fuel its BTC accumulation.

However, renewed concerns about Strategy have once again spooked market participants, after a market analytics provider revealed that the company’s dividend payment runway shrank from 7 years to just 14 months due to its depleting cash reserves.

Venture capital companies continued their activity unbothered by the market’s decline, pouring $75 million into social crypto trading app Fomo, which reached an $550 million valuation after the investment round.

Last but not least, Ripple secured a preliminary license 🏛️ just a week ahead of the EU’s July 1 cutoff deadline, marking the end of the transitional period for the Markets in Crypto Assets (MiCA) regulations.

All in all, the Web3 industry continued pushing forward with a multitude of positive fundamental and regulatory developments, as market participants patiently awaited more catalysts to end the ongoing liquidity drought.

In this week’s CoinStats Scoop, you’ll find:

📊 Crypto Market Analysis and the Most Important News in Web3

💰 Capital B shareholders approve $120 billion in new financing tools for Bitcoin accumulation.

⏳ Strategy dividend runway falls to 14 months as cash reserves sink 38%.

💵 Fomo trading app raises $75 million at a $550 million valuation.

🏛️ Ripple secures a preliminary MiCA license ahead of the EU’s July 1 cutoff deadline.

🔮 Analysis and Key Events That Will Shape the Crypto Market Next Week

Capital B Shareholders Approve $120 Billion in New Financing Tools for Bitcoin Accumulation 💰

Shareholders of Capital B, one of Europe’s largest Bitcoin treasury companies, have approved a plan that allows the company to raise up to 105 billion euros ($120.4 billion) to fund future Bitcoin purchases.

Approved by 95% of shareholders, the motion authorizes the issuance of 125 billion new company shares and up to €100 billion 💶 in new credit instruments, bringing the total capital increase to €105 billion ($120.4 billion), the company announced on June 17.

Capital B said that the new capital instruments will be used to “accelerate its Bitcoin accumulation strategy, focused on increasing the number of Bitcoin per fully diluted share over time.”

The new capital-raising facility will enable the company to continue scaling up its Bitcoin accumulation. It comes as a bullish signal amid the bear market drawdown, signaling that the Paris-listed company will continue its Bitcoin accumulation, despite most other Bitcoin treasury companies halting funding and Bitcoin accumulation efforts.

Capital B is Europe’s second-largest Bitcoin treasury company 🪙, holding 3,139 BTC worth over $200 million. It ranks as the world’s 26th-largest BTC treasury firm by total holdings.

Strategy Dividend Runway Falls to 14 Months as Cash Reserve Sinks 38% ⏳

The dividend coverage rate of Michael Saylor’s Strategy fell from 7 years to just 14 months this week, causing investor concerns about the economic model of the world’s largest corporate Bitcoin holder.

Strategy’s cash reserve fell by 38% so far in 2026, while its dividend obligations increased by 4-times to $1.2 billion as the company continued issuing new STRC preferred stock, which carries a 11.5% yield, according to market data platform CryptoQuant.

In the current environment, Strategy should rethink its ongoing Bitcoin accumulation and focus on replenishing its USD reserve, wrote CryptoQuant founder Ki Young Ju:

✍️ “They should pause Bitcoin purchases, rebuild cash reserves, and adopt a systematic framework for purchase timing.”

The falling dividend runway may be seen as an alarming sign for shareholders, considering that Strategy’s main capital-raising stock, STRC, fell to a record low of $82.5 last week, significantly below its $100 par value. This makes it more difficult to issue STRC to raise capital.

Strategy has already been addressing these issues. On June 22, the company announced selling $335.5 million in MSTR shares 📉 and adding $300 million to its US dollar reserve 💵, along with a $35 million Bitcoin acquisition.

The company said it will “continue replenishing it to support the credit quality of its Digital Credit securities.”

Fomo Trading App Raises $75 Million at a $550 Million Valuation 🚀

Crypto startup Fomo has raised $75 million in a Series B funding round, valuing the platform at $550 million and signaling greater underlying appetite from venture capital (VC) firms.

The social trading app and token discovery platform raised $75 million in a round led by VC firm Index Ventures, with participation from Union Square Ventures and the company’s existing investor, Benchmark.

The platform aims to abstract the complexity of cryptocurrency trading 📱 by implementing social features that make investing more akin to scrolling a social media feed, moving away from more complex technical charts.

The $75 million raise highlights the ongoing VC appetite for cryptocurrency infrastructure startups, despite the bear market downturn. RootData aggregator shows that crypto startups have raised a total of $4.1 billion across 147 funding rounds so far in Q2 2026.

Fomo said that it is becoming a new entry point for first-time cryptocurrency investors, as over 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay 🍏, representing roughly $25 million in transaction volume.

The platform gained 625,000 users in its first year and generated over $4 billion in total trading volume.

Ripple Secures Preliminary MiCA License Ahead of July 1 Cutoff Deadline 🏛️

Ripple was granted a preliminary approval for a crypto asset service provider (CASP) license by Luxembourg’s financial regulator, marking a welcome development ahead of the European Union’s crucial July 1 cutoff deadline.

ipple announced that it received a preliminary license from Luxembourg’s Commission de Surveillance du Secteur Financier, which would allow it to offer regulated crypto services to banks, fintechs 💳, and other businesses across the European Economic Area (EEA), once finalized.

The preliminary license was granted just days ahead of the July 1 deadline, which marks the end of the transitional period for the 🇪🇺 EU’s Markets in Crypto Assets (MiCA) regulatory framework.

The preliminary approval will allow Ripple to continue offering its services after the July 1 deadline, after which all CASPs in the EEA will be required to hold a MiCA license or be forced to halt operations.

In reaction to the development, Ripple’s UK CEO, Cassie Craddock, said that the incoming period marks the “next wave of institutional digital asset adoption in Europe,” adding:

🎤 “Once fully approved, European banks, FIs, and fintechs will be able to access our end-to-end cryptoasset and stablecoin payments infrastructure through a single regulated integration.”

📊 Market Overview: Bitcoin 71% Through Bear Market, as Smart Money Traders Go Long

Cryptocurrency markets extended their losses amid the ongoing summer illiquidity period, but historical fractal patterns provided a much-needed silver lining for digital asset holders.

Bitcoin’s price logged a 6% weekly decline with $61,000 emerging as a key support level. Similarly, Ether fell 6% and found its weekly floor just above $1,600, according to CoinStats data.

In a long-awaited silver lining to the crypto market drawdown, the bear market cycle is nearing its completion, according to popular crypto market analyst Rekt Capital.

Based on historical chart patterns, Bitcoin has completed 71% of the usual bear market cycle, wrote the analyst, sharing the below chart.

The analyst added that another monthly Bitcoin close near $62,000 would confirm BTC’s breakdown from the 50-month exponential moving average (EMA) 📉 and lead to more downward pressure during the summer months.

Meanwhile, smart money traders 🧠 are looking to capitalize on the opportunity.

Despite the falling crypto valuations, most Hyperliquid traders are increasingly opening long leveraged bets, as positioning is becoming “progressively more bullish through the downtrend, highlighting persistent dip-buying and growing squeeze potential,” wrote market intelligence provider Glassnode.

Bitcoin’s decline below the $62,000 level took the average BTC holder into unrealized loss territory, spurring more selling from short-term holders, wrote CryptoQuant analyst Axel Adler, adding:

✍️ “But the pain is targeted: STH capital has shrunk by -56%, while LTH capital has barely drawn down. Weak hands are capitulating. Strong hands have not even flinched.”

He added that long-term holders may still see better discount buying opportunities, as the market structure suggested this was not the cycle’s bottom.

Looking at the next crucial price levels, Bitcoin risks a deeper retracement if the price falls below the $59,500 support, which currently holds $600 million in cumulative leveraged long liquidations 💥.

Conversely, Bitcoin’s upside momentum remains limited until bulls manage to push through the $1 billion in leveraged short liquidations sitting at $63,300, the next crucial resistance level, according to Coinglass.

🐦 Tweets & Memes

Smart money flows are signaling a new Bitcoin volatility regime.

BlackRock ETF holders continue dumping Bitcoin ₿ and Ethereum 📉.

Strategy needs to start bolstering its USD reserve 💵 to calm nervous investors.

Should Strategy stockholders be concerned?

MiCA’s grace period is about to end in the EU 🇪🇺. Which exchanges will come out on top?

Thank you for reading the weekly CoinStats Scoop Newsletter.

CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎