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Michael Saylor’s Strategy Owns 3% of Bitcoin in Circulation After Latest Purchase

Michael Saylor’s Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company’s latest purchase of the original cryptocurrency.

The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm’s holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion.

Strategy said separately Monday that it planned to offer 5 million of variable rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company.

Trump Media Buys $2 Billion in Bitcoin for Crypto Treasury Plan

Trump Media & Technology Group, the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company.

In addition, about $300 million in capital was allocated to an options acquisition strategy for Bitcoin-related securities, the company said in a statement Monday. Trump Media plans to continue acquiring Bitcoin and Bitcoin-related assets and to convert its options into Bitcoin, depending on market conditions.

In May, Trump Media joined the scores of companies emulating the crypto treasury strategy pioneered by Michael Saylor’s Strategy. It’s not the only company linked to the President Donald Trump’s family that has jumped to the Bitcoin treasury play. PSQ Holdings, a firm that counts Donald Trump Jr. as a board member, also announced plans to explore a digital asset treasury strategy.

Cathie Wood's Ark Invest offloads $90 million in Coinbase shares, Buys 4.4 Million Shares of Peter Thiel-Backed Ethereum Treasury Firm

Cathie Wood-led investment firm Ark Invest sold 218,986 Coinbase shares worth $90.58 million across its three exchange-traded funds on Monday.

Meanwhile, Ark Invest's ARKW sold 109,824 Robinhood shares, valued at $11.46 million. Robinhood's stock fell 4.92% on Monday to close at $104.34. The ARKF sold 90,061 shares of Block , worth $7 million. Block's shares closed up 7.22% at $78.08 on Monday.

Ark Invest acquired more than 4.4 million shares of Bitmine Immersion Technologies, an Ethereum treasury company led by Fundstrat founder and CIO Tom Lee

Robinhood CEO Vlad Tenev Says Tokenization Push Will Persist Despite OpenAI “Controversy“

Robinhood CEO Vlad Tenev conceded his company’s recent foray into offering tokenized stocks has been contentious, to say the least—but remained steadfast in his commitment to expanding the initiative.

“Being the first to actually tokenize those great companies is a big milestone,” Tenev told Decrypt in an interview Friday. “Of course, every time you're the first to do something interesting, it has some element of controversy.”

Earlier this month, Robinhood rolled out a giveaway of tokens, issued on Ethereum layer-2 network Arbitrum, representing stock in private companies including OpenAI. The OpenAI stock token, however, was not actually authorized by the artificial intelligence giant, which vigorously denounced the product as soon as it was announced.

BitGo Confidentially Files for US IPO as Trump Embraces Crypto

Crypto custody firm BitGo Holdings Inc. said Monday it has confidentially filed for an initial public offering amid a wave of optimism on the digital asset market.

BitGo is joining a number of crypto firms rushing to go public after US President Donald Trump has embraced the industry. The number of shares to be offered as well as the price range for the company’s proposed IPO have not yet been determined, according to a statement.

Founded in 2013, BitGo is one of the largest US-based crypto custodians that also lets clients trade, borrow and lend digital assets. The Palo Alto, California-based company said assets under custody have increased to $100 billion from $60 billion in the first half of 2025, driven by rising crypto adoption and regulatory clarity. Its backers include Goldman Sachs Group Inc., DRW Holdings, Redpoint Ventures and Valor Equity Partners, according to an April 2024 statement.

Ether Machine, Backed by Crypto Giants, Set to Raise over $1.6 Billion in Nasdaq Debut

The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion.

The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency.

The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025.

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Monday was $131.35 million. The total net asset value of Bitcoin spot ETFs is $151.6 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.52%.

The Bitcoin spot ETF with the highest net outflow on July 21 was ARK 21Shares Bitcoin ETF (ARKB), with a net inflow of $77.46 million. Following that was Grayscale Bitcoin Trust ETF (GBTC), with a net outflow of 36.75 million, according to SoSoValue.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Monday was $296.59 million. The total net asset value of Ethereum spot ETFs is $19.6 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 4.32%.

The Ethereum spot ETF with the highest net inflow on July 21 was Fidelity Ethereum Fund (FETH), with a net inflow of $126.93 million. Following that was iShares Ethereum Trust ETF (ETHA), with a net inflow of 101.98 million, according to SoSoValue.

Source: SoSoValue