The world’s largest corporate Bitcoin holder, Strategy, made a surprising U-turn on its aggressive accumulation model by selling $216 million worth of Bitcoin to service its dividend payments, leading to a drastic deterioration in crypto investor appetite.

However, the Japanese 🇯🇵 Bitcoin treasury company announced that it quietly accumulated $222 million worth of Bitcoin during Q2 2026 and reaffirmed that it will continue being a net buyer throughout the rest of the bear market 📈.

Meanwhile, U.S. President Donald Trump’s Bitcoin reserve plans hit a roadblock due to a dispute between the Commerce and Treasury departments on which agency should be in charge of the over $21 billion in federal BTC holdings.

Coinbase exchange secured a key investment license in the United Kingdom that will enable it to expand its “everything exchange” footprint in the country with new equities and derivatives offerings.

Lastly, analysts pointed to key fundamental market structure developments signaling that the Bitcoin bear market bottom is weeks away before a quiet transition into accumulation 🔍.

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

📊 Crypto Market Analysis And The Most Important News In Web3

🪙 Strategy Sells $216 Million In Bitcoin To Fund Dividends

🏦 Metaplanet Buys $222 Million In Bitcoin During Q2, Surpassing 43,000 BTC Holdings

🇺🇸 Trump’s Bitcoin Reserve Stalls On Holdings Oversight Debate

🌐 Coinbase Secures UK License For “Everything Exchange” Expansion

🔮 Analysis And Key Events That Will Shape The Crypto Market Next Week

Strategy Sells $216 Million In Bitcoin To Fund Dividends

Strategy, the largest corporate Bitcoin holder, delivered its second Bitcoin sale of 2026, adding to investor concerns over more institutional selling pressure.

Michael Saylor’s Strategy sold 3,588 Bitcoin for $216 million, including 1,363 BTC sold at an average price of $59,256 and another 2,225 Bitcoin sold for $60,773, a Monday 8-K filing with the US 🇺🇸 Securities and Exchange Commission shows.

Strategy said that the $216 million was sold to “fund dividends” for the company’s perpetual preferred stock, STRC, which is one of the company’s main capital-raising instruments to fund its aggressive Bitcoin accumulation.

The controversial sale comes a month after Strategy disclosed its previous sale of 32 Bitcoin at the beginning of June, which was its first reported Bitcoin sale since 2022 🧾.

The transaction is part of Strategy’s new capital framework, unveiled on June 29, which enables Bitcoin sales to fund the company’s dividend payments and increases the annual dividend rate on STRC to 12%, after disclosing a $2.55 billion US dollar reserve.

Strategy’s STRC stock was trading just above $88.70, or 11% below its $100 intended par value, which makes it difficult for Strategy to sell more STRC to fund its Bitcoin accumulation.

STRC’s growing discount remains a significant concern for investors, as trading below par means that Strategy may be forced to further increase dividend payments or sell more Bitcoin to bolster its cash reserve 💰.

🚀 Metaplanet Buys $222 Million In Bitcoin During Q2, Surpassing 43,000 BTC Holdings

Japanese investment company and Bitcoin treasury Metaplanet revealed a massive Bitcoin acquisition below its aggregate cost basis, signaling more institutional demand during the crypto bear market.

Metaplanet announced acquiring 2,823 Bitcoin for about $222 million at an average price of $78,850 during Q2, reducing its average aggregate accumulation cost to $95,117 per BTC, according to a filing from July 2 🧮.

The Q2 acquisitions brought Metaplanet’s holdings to 43,000 Bitcoin acquired for about $4.1 billion, a positive signal for the treasury company, which also reported $10.9 million in revenue from its Bitcoin Income Generation model, generating additional yield from options strategies.

The $222 million investment comes as a sign of more underlying institutional demand among Bitcoin treasury companies, as the largest ones continue treating the bear market as a discount buying opportunity 🏛️.

Metaplanet’s investment came as an important signal for Bitcoin holders, particularly after Michael Saylor’s Strategy skipped its latest weekly buy and announced a framework that would replenish its USD reserve to above $2.5 billion, partially funded by selling some of its Bitcoin holdings.

Metaplanet is the world’s third-largest corporate Bitcoin holder, following Strategy and Twenty One Capital, both based in the U.S 🇺🇸.

Trump’s Bitcoin Reserve Stalls On Holdings Oversight Debate ⚖️

The Trump administration’s efforts to finalize the U.S. Strategic Bitcoin Reserve have been stalled by a debate between the Commerce and Treasury departments.

Officials of the two agencies are clashing over which one should have primary oversight of the U.S. Bitcoin reserve’s holdings and additional details over how it should be structured, people familiar with the matter told Bloomberg 📰.

The Treasury argued it has legal authority to manage these Bitcoin holdings, aptly due to volatility, but the Commerce Department allegedly challenged this view and became a competitor, drawing the involvement of the Department of Justice, which will reportedly determine the corresponding agency.

US President Donald Trump first signed an executive order to create a federal Bitcoin reserve in March 2025, as part of his plans to make the U.S. a global crypto capital 🌎.

The U.S. Strategic Bitcoin Reserve currently holds over 328,000 Bitcoin worth about $21 billion, which represents assets seized from illicit activity and handed over to the U.S. government. Trump’s executive order prevents the selling of these holdings.

Coinbase Secures UK 🇬🇧 License For “Everything Exchange” Expansion

Cryptocurrency exchange Coinbase secured a key license under the Markets in Financial Instruments Directive (MiFID), enabling it to expand its offerings within the United Kingdom.

On July 7, Coinbase announced receiving a UK investment services license, allowing it to expand its local offerings to products like stock, equities, and derivatives trading 📈.

The new license will also allow UK users to trade financial instruments alongside crypto on the platform, giving both Institutional and advanced traders access to perpetual crypto futures, equities and commodities, while reserving retail access to equities.

Coinbase said this would mark the exchange’s “single biggest expansion” in the UK and enable it to continue pushing forward with its “everything exchange” strategy, seeking to bring traditional investment products, such as stocks and commodities, under tokenized blockchain wrappers 🔗.

Coinbase said that at least 7 million UK adults already hold cryptocurrency and that about 25% of non-holders would be more likely to participate in the sector with proper regulations, citing research from the UK’s Financial Conduct Authority (FCA).

Market Overview: Bitcoin P&L Ratio Points To Local Bottom As 50% Of BTC Supply Enters Loss 📉

Cryptocurrency markets staged a much-awaited relief rally this week, as research companies pointed to growing signs of a local crypto market bottom.

📊 Bitcoin climbed 5% to $61,900 while Ether staged a 10% recovery to $1,738 during the previous week, according to CoinStats data.

At current levels, over 50% of the circulating Bitcoin supply is held at a loss, which signals that the crypto market bottom could occur within the next month, according to crypto brokerage and research firm K33 🧭.

“We now believe the worst of the drawdown is likely behind us,” wrote the company, arguing that previous bear markets bottomed within weeks of this signal and that Bitcoin delivered positive year-forward return following earlier such calls.

📉 Looking at profit-to-loss ratios, Bitcoin’s realized P&L hit its lowest level since 2022, which could signal a local bottom based on historical chart patterns, wrote analytics provider CryptoQuant, adding:

“Historically, the indicator has marked BTC bottoms with extreme precision — it has now reached -0.35 for the first time in 43 months.”

In another positive signal, Bitcoin transactions from long-term holders to exchanges declined to a near 3-year low last seen in early 2023.

🗣️ Long-term holder profit-taking “has effectively switched off,” commented Glassnode founder Rafael.

Long-term holders are investors who have held their BTC for at least 155 days and are seen as the “smart money” segment of Bitcoiners.

However, CryptoQuant analysts warned that we may be entering a Bitcoin leverage trap, as whales are selling into the current relief rally. The analysts wrote:

“When crowded longs, drying spot volume, and whale distribution align, a local top and subsequent flush are usually imminent.”

🐦 Tweets & Memes

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Crypto phishing attacks are making another comeback; watch out for funny links 🛡️!

Builders shouldn’t be limited by their APIs when it comes to the next crypto super app 🚀

40% of altcoins are near record lows. End of bear market signal?

More LAB token dumps according to blockchain investigators…🔎

SpaceX makes a Bitcoin test transaction. More movements ahead?

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! 😎