Morning Minute is a every day publication written by Tyler Warner. The evaluation and opinions expressed are his personal and don’t essentially mirror these of Decrypt.
GM!
In the present day’s prime information:
- Crypto majors are inexperienced, HYPE leads +5%; BTC at $63.8k
- Technique sells $105M in BTC to purchase STRC (STRC at $92)
- Solana’s charge burn and disinflation proposal goes stay for vote
- Pump Enjoyable hits highest weekly income since March (PUMP +6%)
- TokenWorks shares controversial buyback replace forward of FWA token ‘launch’ right now
₿ Technique Sells $105M in Bitcoin to Prop Up Its Personal Most popular Inventory
Technique offered 1,638 BTC for $104.7 million final week, based on an 8-Okay filed Monday, slicing its stack to 842,138 cash from the 843,775 it had held since early July. The BTC was offered at a median of $63,957, roughly $11,500 under the corporate’s $75,419 value foundation, so Technique is promoting Bitcoin at a loss. It hasn’t purchased any since June 22, its longest pause ever. Additionally they offered $291M in MSTR shares.
Of the proceeds, $52.4 million funded dividends on Technique’s most well-liked inventory, and $52.3 million went towards an $81 million buyback of its STRC most well-liked shares, the second such repurchase in two weeks underneath a $1 billion program. The remainder of the funds went to money reserves, now as much as $4 billion and what the corporate calls 2.3 years of runway.
Take a step again and notice what is occurring. STRC has traded under its $100 par worth since mid-Could, so Technique is now promoting Bitcoin at a loss and diluting frequent shareholders via MSTR gross sales to prop up the popular inventory (STRC), whose slide has been weighing on the entire construction. It’s not nice.
Moreover, Saylor’s messaging has shifted utterly from the “by no means promote” period. The truth is, he even got here out and mentioned yesterday that “After I say ‘By no means Promote Your Bitcoin,’ I communicate as one saver to a different. I’ve by no means offered mine.” That, in fact, is a pivot from earlier messaging the place he went as far to say, “Promote a kidney when you should. However preserve the Bitcoin.” Once more, not nice.
After I say “By no means Promote Your Bitcoin,” I communicate as one saver to a different. I’ve by no means offered mine. Not one satoshi. Technique is a public firm, not my pockets. Since 2020, it has disclosed it might purchase or promote $BTC to handle capital. Our shared conviction in Bitcoin stays unchanged.
— Michael Saylor (@saylor) August 3, 2026
As for Bitcoin, it has absorbed per week crammed with very dangerous information with the $100M+ Coldcard hack and Saylor dumping $100M himself. And but, the worth is flat on the week. Adverse information is now not impacting the worth. Maybe an indication for the place we’re at available in the market cycle…
🌎 Macro Crypto and Markets
- Crypto majors are inexperienced; BTC +2% at $63.8k; ETH +2% at $1,870; SOL +2% at $73.90; HYPE +5% at $55.50
- Prime alt movers embrace ATOM (+8%), PUMP (+6%) and AVAX (+6%)
- Oil even at $79.50; Gold +0.6% at $4,115
- Inventory futures are inexperienced on new earnings beats; DOW +0.7%, Nasdaq +0.9%
- Solana’s fee-burn and disinflation proposals entered an preliminary vote on Monday, a pair that will double annual disinflation to 30%, minimize emissions by $1.36B over six years, and lift every day burns from 650 SOL (~$47K) to 9,000 SOL (~$646K)
- BlackRock launched tokenized cash market funds on Solana and Ethereum, a brand new car for stablecoin reserves that information possession onchain through Securitize whereas investing completely in money and short-term Treasurys
- The Coinbase BTC Premium Index simply set a file for longest unfavorable streak at 78 days, indicating an extended lack of purchase strain from U.S. retail
- Telegram was briefly faraway from the Apple App retailer, inflicting the GRAM token to briefly dump by 10% (now down 1%)
- A former FBI counterintelligence agent was charged with stealing ~$1 million in crypto from wallets tied to investigations, then asking ChatGPT how one can make investments it and transfer to Europe
Company Treasuries & ETFs
- The Bitcoin ETFs noticed $170M in internet inflows on Monday; the ETH ETFs noticed $12M in outflows
- Tom Lee’s BitMine purchased one other 10,399 ETH, lifting its stash to almost 5.8 million ETH, about 4.8% of provide, and repurchased 4.5 million of its personal shares
Meme Coin Tracker
- Meme leaders have been inexperienced; DOGE +2%, SHIB +4%, PEPE +2%, PENGU +1%, TRUMP +2%, BONK even
- Robinhood chain was led by Cashcat (+43%), Tendies (+54%) and Frong (+25%); Stonkbroker rebounded 5% to $40M
- Solana leaders included DOOM (+130x), Tiktok (+115x) and OnlyMarms (+440%); CATE fell from $80M to $10M in a nasty dump, ending the day down 30% at $30M
💰 Token, Airdrop & Protocol Tracker
🚚 What is occurring in NFTs?
- NFT leaders have been inexperienced; Punks even at 32.3 ETH, BAYC +3% at 8.41 ETH, Pudgy +1% at 3.88 ETH; Stonkbrokers -7% to six.4 ETH
- Pitboys (+43%), Cashcats (+50%) and Zaibatsu (+540%) led prime movers
- TokenWorks introduced 80% buybacks for FWA utilizing platform charges as soon as the token goes stay for buying and selling right now at 3 pm ET, utilizing 10% of current charges to construct a group treasury, and decrease charges to make use of the platform
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