Coldcard Hack Enters Day 5: Bitcoin and Ether Prices Tumble Despite 'Secure' Cold Storage

Strategy has completed its third Bitcoin sale of 2026, raising its USD reserves to $4 billion while maintaining one of the largest Bitcoin treasuries globally with 842,138 BTC. Executive Chairman Michael Saylor clarified that this treasury adjustment doesn't signal abandonment of Bitcoin, showcasing continued confidence in the digital asset.

This strategic move comes at a critical time for the crypto market, where major institutions are balancing their Bitcoin exposures. Strategy demonstrates a prudent approach, increasing dollar liquidity while maintaining a significant BTC position, positioning itself to capitalize on future market opportunities and volatility.

Strategy executed another significant financial maneuver by selling $105 million worth of Bitcoin last week while simultaneously repurchasing $81.2 million of its own STRC tokens. This transaction reduced their Bitcoin holdings by 1,638 coins, while the company raised $290.6 million through common stock offerings.

This strategic move reflects a calculated approach to balancing liquidity with valuation, suggesting Strategy may be positioning itself for future opportunities or optimizing its capital structure. The cryptocurrency market closely monitors institutional actions like these, as moves from major players such as Strategy can significantly impact prices and overall sector sentiment.

Bernstein warns that Congress's failure to pass the CLARITY Act could trigger another downward leg for crypto valuations, as the US Senate prepares for summer recess. The dwindling odds of the Digital Asset Market Clarity Act's passage threaten to spark an immediate negative "industry knee-jerk reaction," potentially pushing Bitcoin and the broader crypto market to new lows.

From a tactical perspective, Bernstein analysts expect the crypto market to bottom and gain momentum toward late Q3 and early Q4, prior to the mid-term elections. The lack of clear regulatory framework could accelerate policy enforcement from US regulators, creating uncertainty for crypto investors while the industry seeks stability and regulatory direction in an increasingly challenging environment.

The Trump-linked Bitcoin miner, American Bitcoin, achieved record production of 932 BTC in Q2, boosting mining revenue by 8% to $67 million. The Nasdaq-listed company, co-founded by Eric Trump and Donald Trump Jr., narrowed its net loss from $81.8 million in Q1 to $57.2 million in Q2, despite remaining in the red. This performance demonstrates the company's operational improvements amid challenging market conditions for Bitcoin mining operations.

American Bitcoin's results come as institutional interest in cryptocurrency mining continues to grow, with the involvement of high-profile Trump family members drawing significant attention to the sector. The combination of record production and reduced losses suggests the company is successfully optimizing its mining operations, though the competitive Bitcoin mining landscape continues to present substantial challenges for all industry participants.

The first Brazilian edition of Hack4Freedom, an international Bitcoin hackathon exclusively for women, concluded last Saturday, July 25, bringing together 26 participants from five states who developed nine innovative solutions using Bitcoin technology. The two-week technical training event in São Paulo showcased the potential of women in building practical applications with the world's most popular cryptocurrency. This pioneering initiative not only strengthens female participation in the cryptocurrency industry but also positions Brazil as an innovative hub for Bitcoin solutions on the global stage. The nine solutions created address real-world challenges across various sectors, highlighting the versatility of Bitcoin beyond financial investment.