Bitcoin Trades Below $119K, Ether Stays Above $3800
Strategy Buys $2.4B In Bitcoin, Total Holdings Now 628,791 BTC
Strategy, led by Michael Saylor, has purchased 21,021 Bitcoin worth $2.4 billion using proceeds from a successful preferred stock sale. The offering, initially planned at $500 million, raised nearly $2.5 billion from investors.
The preferred shares come with a 9% dividend and begin trading Wednesday on Nasdaq.
With this buy, Strategy’s total Bitcoin holdings rise to 628,791 BTC—valued at around $74 billion—cementing its position as the largest corporate holder of Bitcoin globally.
SEC Approves In-kind Redemptions For All Bitcoin & Ethereum ETFs
The U.S. SEC has approved in-kind creation and redemption for all spot Bitcoin and Ethereum ETFs. This means large institutional investors can now create or redeem ETF shares using BTC or ETH directly, instead of cash.
The move improves efficiency and reduces costs, aligning ETF supply more closely with market demand. This is the first major crypto-positive step under new SEC Chair Paul Atkins, who has signaled support for more flexible digital asset regulations.
DeFi Dev Grows Solana Holdings To $218M, Stakes New Tokens For Yield
Nasdaq-listed DeFi Development increased its Solana holdings to 1.18 million SOL—worth around $218 million—after acquiring 181,303 tokens between July 21–28 at an average price of $155.33. The purchase was mostly funded through its equity credit line. The firm’s key metric, Solana-per-share, rose 12% to 0.0575. Nearly all the newly acquired tokens will be staked across multiple validators to generate yield. DeFi Dev has used less than 1% of its $5 billion credit facility so far.
Ether Treasury Holdings Could Hit 10% Of Supply, Says Standard Chartered
Standard Chartered reports that corporate entities now hold 1% of Ether’s total supply and predicts this could rise to 10% over time.
The surge mirrors growing inflows into spot ETH ETFs, with firms like BitMine and SharpLink adopting yield-generating ETH treasury strategies.
According to the bank, Ether’s ability to earn staking rewards and participate in DeFi gives it a structural edge over Bitcoin in treasury portfolios. ETH/BTC ratio has jumped from 0.018 in April to 0.032 in July.
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