Strategy Posts $14B in Bitcoin Gains, Pauses Weekly Buys
2025-07-08 05:33:50
Main Idea
The article discusses recent developments in Bitcoin holdings by major corporations, including Strategy's $14 billion unrealized gains and Metaplanet's increased BTC reserves, alongside updates on CleanSpark's mining output and market performance.
Key Points
1. Strategy reported $14.05 billion in unrealized Bitcoin gains but paused its weekly BTC purchases, maintaining holdings at 597,325 BTC.
2. Metaplanet acquired an additional 2,204 BTC, bringing its total holdings to 15,555 BTC and becoming the fifth-largest corporate Bitcoin holder.
3. CleanSpark increased its Bitcoin mining output to 685 BTC in June, achieving a hashrate of 50 EH/s, but its stock dropped nearly 8%.
4. Strategy unveiled a new $4.2 billion at-the-market (ATM) equity offering to fund future Bitcoin purchases.
5. CleanSpark expanded its US operations with new facilities and purchased 26,000 Bitmain immersion mining rigs in a $168 million deal.
Description
Despite the gains, the firm paused its consistent Bitcoin accumulation last week, maintaining its total holdings at 597,325 BTC. This move coincided with a new $4.2 billion at-the-market (ATM) equity offering that is aimed at funding future BTC purchases. Meanwhile, Japan’s Metaplanet continued to ramp up its Bitcoin reserves by acquiring another 2,204 BTC and solidifying its position as the fifth-largest corporate holder. CleanSpark also saw major growth when it boosted its mining output by ove...
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