MicroStrategy's Michael Saylor detailed "110 reasons" against Bitcoin Improvement Proposal-110 (BIP-110), which aims to limit non-monetary transactions like Ordinals inscriptions to preserve BTC's peer-to-peer cash function. The proposal, introduced in December 2025, faces significant debate within the Bitcoin community.
MicroStrategy sold 3,588 Bitcoin for $216 million to fund preferred stock distributions, a shift from its usual accumulation strategy. The sale occurred below its average purchase price, resulting in an estimated $55 million loss and a $8.32 billion quarterly loss on digital assets.
K Wave Media sold all its Bitcoin holdings for $64.2 million, shifting focus to AI infrastructure. The sale, detailed in a June 30 filing, reveals the fragility of corporate Bitcoin treasury strategies when debt, collateral, and Nasdaq compliance pressures mount.
A $150 million prediction market on Polymarket is in chaos after the platform denied payouts for a correctly predicted Bitcoin sale by Strategy, citing a confirmation date technicality. The dispute exposes flaws in decentralized market resolution mechanisms and has led to accusations of manipulation.
The fintech company's third-party audited disclosure shows $1.5 billion in customer Bitcoin and $692 million in corporate treasury holdings.
