Strategy Sells $216M Bitcoin While Coinbase Secures UK Expansion License

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Let's get into it. Strategy sold 3,588 Bitcoin for $216 million this week to fund preferred stock dividends and replenish reserves.
The company now holds 84,375 Bitcoin at an average basis of $75,476 per coin. Bitcoin currently trades at $63,406, down 16% from strategy's cost basis. Analysts at Grayscale say the move relieves financing pressure and could help Bitcoin establish a durable bottom by removing forced selling risk. The sale increases strategy's dividend coverage to 17 months and signals management prioritizes restoring its STRC preferred shares to par before resuming Bitcoin accumulation. Coinbase secured UK investment services authorization, enabling expansion into derivatives and equities alongside crypto. Institutional traders can now access perpetual futures on crypto, equities and commodities, while retail customers gain stock trading access. The license positions Coinbase ahead of the UK's full crypto regulatory framework are taking effect in October 2027
Roughly 7 million UK adults hold crypto. Ripple also secured full MyKia compliance in Luxembourg, gaining approval to operate crypto services across all 30 European economic area countries. XRP trades near $1.13 after struggling to break above $1.14 resistance. The token recorded nine consecutive weeks of ETF inflows totaling $17 million.
Yet, most holders remain underwater with 30-day MVRV ratios near negative 45 percent. Technical setups show improving structures but lack the follow-through volume needed to confirm a sustained breakout. Bitcoin miner Tara Wolf signed a 20-year AI data center lease with Anthropic worth $19 billion in contracted revenue, exceeding the company's $12 billion market cap. The deal reflects the industry's pivot from volatile mining margins towards stable AI infrastructure hosting. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.