42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells
Institutional crypto investors received two sharply different capital allocation signals Monday as Bitmine Immersion Technologies expanded its ethereum treasury while Strategy disclosed a rare bitcoin sale to fund preferred stock dividend payments. Key TakeawaysStrategy sold 3,588 BTC on Jul. 5 to fund preferred stock dividends.Bitmine added 42,197 ETH, bringing holdings to 5.74 million ether.Tom Lee targets 5% of ethereum supply as institutional treasury models evolve. Strategy Breaks With Its Bitcoin Accumulation Playbook Earlier in the day, Strategy announced it sold 3,588 BTC for approximately $216 million, marking its largest bitcoin sale since resuming limited dispositions in recent years. According to co-founder Michael Saylor, the proceeds funded quarterly dividends tied to the companys STRF, STRE, STRK, and STRD preferred shares, along with the June monthly dividend for STRC. Following the transaction, Strategy‘s bitcoin treasury declined to 843,775 BTC while the company reported approximately $2.55 billion in cash reserves. The sale represented a notable departure from the accumulation-first approach that has defined Strategy’s corporate identity for years. Although Strategy remains the world‘s largest corporate bitcoin holder, the transaction demonstrated that preferred stock obligations now play a meaningful role in the company’s capital management decisions. A great deal of crypto supporters and detractors commented on the news. Bitcoin