Michael Saylor's long-standing "never sell" Bitcoin refrain drew renewed attention after Strategy disclosed a small but headline-grabbing BTC sale—a move Saylor addressed publicly at BTC Prague. A brief, first sale since 2022 Strategy reported that it sold 32 BTC between May 26 and May 31 for about $2.5 million, or roughly $77,135 per coin on average. It was the company's first disclosed Bitcoin sale since December 2022. The sale represented about 0.0038% of Strategy's Bitcoin holdings at the time—minor in size, but notable for a firm known for continuous accumulation. Saylor's explanation at BTC Prague Speaking onstage at BTC Prague on June 11, Saylor reaffirmed his personal message to retail investors: "I said to YOU never sell your bitcoin." He separated that guidance from corporate treasury management, describing the 32-BTC sale as a company-level financing action rather than a shift in long-term conviction. Why Strategy sold In its June 1 filing, Strategy said proceeds from the sale were intended to help fund preferred-stock distributions. The board declared cash dividends across several preferred share series (STRF, STRC, STRE, STRK, STRD), with STRC carrying an 11.50% annual dividend rate for June. The dividends, in effect, created a short-term liquidity need. Days later: a far larger buy Strategy quickly followed with a substantially bigger purchase. From June 1 through June 7, the company bought 1,550 BTC for about $101.3 million at an average price of $65,332 per coin—nearly 50 times the size of the earlier sale. Strategy said it funded the purchase through its at-the-market share program, while also rebuilding liquidity and lifting its U.S. dollar reserve to $1 billion. Holdings and market read-through Strategy's dashboard now shows 845,256 BTC held at an average acquisition price of $75,680, maintaining its position as the largest public corporate Bitcoin holder. The company remains a net buyer, but the small sale has reshaped perceptions. Investors are weighing whether "never sell" was primarily a slogan aimed at individuals, while Strategy's treasury policy stays pragmatic—including occasional sales to meet dividend or financing obligations. What investors are watching Attention now turns to the June 30 dividend payments and how Strategy plans to fund ongoing preferred-stock commitments: through cash reserves, additional capital markets activity, or intermittent small BTC sales. Saylor's remarks suggest accumulation remains the priority, with liquidity management treated as a separate corporate function—an approach that may reassure some investors while leaving others less convinced about the rigidity of the "never sell" message.

Metaplanet said it has acquired Japanese brokerage Siiibo Securities and renamed it Metaplanet Securities Co., Ltd., a move that gives the company licensed access to traditional securities services as it advances its Bitcoin treasury strategy, CoinDesk reported. Siiibo Securities is a licensed first-class financial instruments business operator in Japan and previously provided corporate bond subscription services to individual investors via an online platform. Metaplanet said it will fold the broker into its ecosystem to underpin future securities services and new financial product offerings, combining conventional securities infrastructure with its cryptocurrency-focused direction. CEO Simon Gerovich said the new Metaplanet Securities will operate under "Project Nova," an initiative aimed at bringing Bitcoin-related financial services to Japan's investment market. The report said Metaplanet plans to use Siiibo's regulatory licenses and digital securities infrastructure to develop Bitcoin-linked yield products for Japanese investors, signaling an expansion beyond simply holding Bitcoin on its balance sheet. Metaplanet is also targeting Japan's large pool of household liquidity. The report cited more than 1,190 trillion yen held in cash deposits and low-yield savings products, which the company hopes to channel into higher-yielding assets. Financial terms, settlement details, and the timing for an initial launch of Bitcoin-related products were not disclosed. The report noted that the information available so far is largely based on company statements and overseas media coverage, and described the deal as Metaplanet's first comprehensive acquisition aimed at expanding its Bitcoin treasury initiative.

SpaceX, the aerospace company led by Elon Musk, has become the world's eighth-largest publicly reported Bitcoin holder. The company's Bitcoin balance totals 18,712 BTC, placing it among the top 10 corporate holders disclosed in public records.

A total of 131,390,219 USDC, valued at 131,436,929 USD, was transferred from Kraken to an unknown wallet.

PumpFun deposited 67,482 SOL valued at about $4.51 million to Kraken, continuing its treasury liquidation trend, according to Lookonchain. The meme coin launchpad has now offloaded a cumulative 4.53 million SOL worth about $784.7 million at an average execution price of $173 per token.

A US appeals court has rejected Sam BankmanFried's bid for a new trial in the FTX fraud case, keeping the existing conviction in place. The ruling leaves the current trial outcome unchanged and marks the latest court decision in the ongoing legal proceedings tied to FTX's collapse.

Avalanche Treasury Co. made a rough start on Nasdaq on Thursday, opening at $2.99 and finishing its first session at $1.85 under the ticker AVAT, a 38% slide. Shares touched an intraday low of $1.75. The drop is striking given the vehicle was marketed at roughly 0.77x mNAV, implying about a 23% structural discount versus buying AVAX directly. The timing has also worked against the deal: AVAX itself is trading around $6.6, down 33% over the past month and more than 95% below its all-time high, as the broader altcoin market endures one of its weakest stretches in two years. AVAT reached public markets via a $675 million SPAC merger with Mountain Lake Acquisition Corp., announced in October 2025. The company says it is not intended to function as a passive token-holding proxy. Instead, it aims to operate an active crypto treasury, allocating capital across the Avalanche ecosystem. At launch, AVAT reported holding about 15 million AVAX tokens—around 3.5% of circulating supply—supported by an initial treasury capital base of $460 million. It also secured an exclusive arrangement with the Avalanche Foundation for discounted AVAX purchases, along with an 18-month priority window on Foundation token sales to U.S. institutional crypto vehicles. CEO Bart Smith, formerly of Susquehanna and AllianceBernstein, has positioned AVAT as an institutional operating business rather than a simple AVAX tracker, stating: "It is not a bet on price. We believe it is an investment into Avalanche that represents meaningful potential for the repositioning of institutional finance." The gap between that narrative and a $1.85 close highlights how quickly sentiment has turned. With AVAX at $6.6, the treasury's mark-to-market value has already moved materially against the company before any ecosystem deployments are executed. The "active allocator" thesis will likely require time and a visible pipeline of deals to gain credibility with public-market investors. On the chart, traders are watching $6.00 as a near-term floor. A weekly close below that level would put the $5.20–$5.40 zone in focus, the last notable demand cluster before prices revisit territory not seen since late 2020. Overhead resistance sits near $7.80, where AVAX briefly consolidated in May. A sustained reclaim of $8.50 on strong volume would shift the short-term setup from broken to neutral, while heavier resistance around $10.50 aligns with the 2025 accumulation band and would likely require a broader improvement in altcoin sentiment. Weekly RSI remains in oversold territory, resembling conditions seen ahead of AVAX's 2023 recovery, but that historical parallel depends on macro and market tailwinds that have not yet re-emerged. For now, the technical structure remains damaged; a close above $8.20 is viewed as the minimum threshold to challenge that assessment.

Sam Bankman-Fried has failed in his latest attempt to overturn his fraud conviction and 25-year prison sentence, with his bid denied.

Sam Bankman-Fried has lost his bid to overturn his fraud conviction and 25-year prison sentence, Reuters reported.