Aug 3: Saylor Teases Buy, Then Files Bitcoin Sale as STRC Rate Holds at 12%

Market Snapshot

• Bitcoin (BTC): $62,700.01 (-0.67% 24h)
• Ethereum (ETH): $1,843.70 (-0.69% 24h)
• Solana (SOL): $72.43 (-0.62% 24h)
• Notable: US spot Bitcoin ETF inflows turned positive in July, with $172.43M net added after June outflows.

Top Stories

• Bitcoin Holds $62K as Coinbase Premium Hits 77-Day Negative Streak
• Saylor Teases Buy, Then Files Bitcoin Sale as STRC Rate Holds at 12%
• Trump Media’s Bitcoin Stack Matches Loan Collateral After $165M Transfer
• Kalshi and Polymarket’s July Volume Surpasses $50B, Driven by World Cup

Key Takeaways

• US spot Bitcoin demand remains weak, as seen in the record negative Coinbase premium, despite positive ETF inflows.
• Strategy's public signals and actual BTC transactions diverge, highlighting the complexity of corporate treasury management in crypto.
• Trump Media's bitcoin holdings are now essentially locked as loan collateral, with little free float remaining for discretionary use.
• Prediction markets are booming during major global events, but underlying open interest is volatile and event-driven.

What to Watch

All eyes are on the upcoming SEC 10-Q filings from Trump Media to clarify the intent and final status of recent bitcoin transfers. Investors will also be monitoring whether Strategy resumes BTC accumulation or continues to prioritize liquidity and shareholder returns. In the prediction market space, August volumes are expected to normalize post-World Cup, offering a clearer view of sustainable user engagement.