Strategy’s Bitcoin Sale Reshapes Debate Around BTC Treasury Companies

Saylor's Strategy (MSTR) sold bitcoin (BTC). These crypto treasuries are still buying

Strategy sold $2.5M BTC in June after four years of accumulation, as crypto market weakness and treasury stock underperformance triggered broad sector pivot. Digital asset treasury model faces collapse—only Bitmine, Strive, and few others remain buyers; others liquidated holdings for debt repayment, narrowing active purchaser list.