Bitcoin market bubble pop

[bbc.reporter]

It appears that the speculation that if gold and silver will dump, the sellers will buy bitcoin which will cause this pump very highly is wrong according to these experts heeheheh.

Gold and silver is presently dumping. Will the profit made by gold and silver investors will be used to invest in bitcoin on the next months? This will certainly be very much bullish.



The ongoing artificial intelligence stock frenzy has pulled in capital from across the market, from traditional metals, considered the safest assets, to crypto, considered the riskiest.

Gold dropped below $4,000 for the first time since November earlier this week, silver has lost more than half its value from its high, and bitcoin has slipped to nearly $58,000.

The three selloffs are not a coincidence. For much of the past two years, they have been, to a large degree, the same trade, and now the same forces are unwinding it.

That trade even has a name, the "debasement" trade. It is the bet that heavy government spending and rising national debt will slowly erode the value of paper money, which pushes investors toward scarce assets that no government can print more of.

Gold and silver are the oldest versions of that bet, while bitcoin, with a supply capped at 21 million coins, got marketed as the digital version. Through 2025, as the dollar looked vulnerable, money poured into all three, and they were treated as one basket.

Read in full https://www.coindesk.com/markets/2026/06/27/why-a-selloff-in-gold-and-silver-is-dragging-bitcoin-down

[bbc.reporter]

It appears that one of our favorite Koreans, Tom Lee has also begun to slow down his buying of Ethereum tokens similar to Michael Sellor hehhehe. It appears that we will wait for Tom Lee to dump Ethereum tokens also?

I am very much aware that the cryptospace is beginning to become bullish, however, the contrarian in me is still skeptical.



Bitmine (BMNR), the largest Ethereum treasury firm, bought just 7,430 ether (ETH) last week, dialing back its buying spree as it redirected capital to a stock buyback.

The purchase marks one of firm’s smallest weekly additions since launching its Ethereum treasury strategy in June 2025.

Read in full https://www.coindesk.com/business/2026/07/20/tom-lee-s-bitmine-slowed-ether-purchases-as-it-bought-back-usd86-million-in-stock

[OgNasty]

So if you’re keeping track… Adam Back’s promised billion dollar Bitcoin buy didn’t happen. Michael Saylor started selling Bitcoin and has pivoted to diluting his shareholders to raise dollars. Now Jack Mallers has stepped down from 21. Weren’t these the guys the community was saying we should put on the Bitcoin Mount Rushmore a few months ago?

The market’s response? Bullish. You can’t make this up…

[bbc.reporter]

@OgNasty. Hehehe yes, I always read all types of cryptonews. If the market's response on the shutdown these digital asset's treasuries is bullish, the market might become more bullish on this news update heheheeh! We will begin to witness more of this as it was predicted last year!



DAT Went Wrong: Satsuma to Unwind Bitcoin Treasury, Sell Off $43 Million in BTC

The shareholders of Satsuma Technology, a U.K.-based Bitcoin treasury company, have voted to liquidate the company's entire Bitcoin position and shut down the business, overruling four of its six board members.

More than 90% of votes cast backed the dual resolutions to sell 668 BTC—worth roughly $43.5 million—and cancel the company's London Stock Exchange listing, per a Monday filing. The move unwinds the digital asset treasury, or DAT for short—the latest such company to call it a day after the DAT trend picked up steam in 2025.

Read in full https://finance.yahoo.com/markets/crypto/articles/dat-went-wrong-satsuma-unwind-003258721.html

[bbc.reporter]

News update.

I was jeered when I speculated on July 2025 that a bitcoin market bubble pop caused by the smaller digital asset treasuries' failure might become a real occurrence. However, I was mistaken. The bubble pop that began on October 10 which was rumored to be caused by Binance happened first before the failure of the smaller digital asset treasuries. This has also caused Michael Saylor to transform to Michael Sellor hehehe.

This is the list of the failures.



List of DATs who have abandoned Bitcoin and crypto accumulation strategies since:

Full Liquidations / Complete Exits
Satsuma Technology (SATS LN) — Shareholders voted on July 21, 2026 (>>90% approval) to liquid all 668 BTC (~$43.5M), return capital to investors, and delist from the London Stock Exchange. Pantera Capital Management was reportedly among investors pushing for the wind-down.

Bitdeer (BTDR US) — Fully emptied its corporate Bitcoin treasury as of February 20, 2026, liquidating its remaining 943 BTC to fund its pivot to AI data centers. The company had also sold 798 BTC in December 2025.
CEO Jihan Wu stated the zero balance "will not always be zero in the future."

Sequans Communications (SQNS US) — Sold 1,025 BTC in Q1 2026 to fund convertible debt redemptions and an ADS buyback, reducing holdings from 2,139 BTC to 1,114 BTC.  Subsequently sold nearly 80% of remaining holdings to fully redeem all convertible debt.
Sequans has explicitly stated it will not acquire more Bitcoin and is refocusing on its core IoT semiconductor business, with plans to monetize its remaining 658 BTC in a disciplined manner over coming quarters.

Genius Group (GNS US) — Liquidated its entire Bitcoin treasury in early April 2026 to repay approximately $8.5M in debt. The company had previously reduced holdings from 200 to 138 BTC in November 2025 to cover short-term cash needs, with plans to recommence Bitcoin purchases at end of 2026.

Prenetics (PRE US) — Fully liquidated its entire ~510 BTC treasury (~$41.3M in proceeds) in May 2026 and adopted a policy prohibiting any future digital asset purchases.

Vaultz Capital (V3TC AQ) — Shareholders voted on July 21, 2026 to withdraw its Bitcoin treasury policy and dispose of all Bitcoin holdings, repositioning as a cash-backed acquisition platform. Exact BTC quantity not disclosed.

Alpha Compute (ALP US) — Completed a full wind-down of its digital asset treasury on July 10, 2026, returning the final tranche of ~$6M in TON/GRAM holdings to Animoca Brands affiliates. No longer holds any digital assets.

AEG (AEG LN) — Fully liquidated its entire digital asset holdings post year-end, realizing approximately £97,945, converting proceeds back to working capital.

MAIA Biotechnology (MAIA US) — Digital asset treasury strategy placed on hold due to cryptocurrency volatility; holds approximately $0 in digital assets as of March 23, 2026.

Partial / Ongoing / Forced Sales

MARA Holdings (MARA US) — Sold approximately 15,133 BTC (~$1.1B) in March 2026 to repurchase over $1B of face value of its Senior Convertible Notes and reduce its line of credit by $200M.  MARA has formally expanded its digital asset management strategy to allow for the sale of Bitcoin held on its balance sheet — not just current production — to enhance financial flexibility and fund capital projects.

Empery Digital (EMPD US) — Has been systematically selling Bitcoin since at least March 2026, reportedly selling nearly half of its BTC holdings for approximately $87M as of July 10, 2026, to fund a $200M share repurchase program and repay a term loan. Disclosed weekly tranches include:

Strategy / MicroStrategy (MSTR US) — Sold 32 BTC (~$2.5M) between May 26–31, 2026 to fund preferred stock distributions.  The board authorized a BTC Monetization Program of up to $1.25B to generate USD reserves, with a minimum USD reserve policy of at least 12 months coverage.  Between June 29–July 5, 2026, sold a further 3,588 BTC (~$135.2M), bringing total sales to approximately 3,620 BTC (~$137.7M combined).
Michael Saylor stated at BTC Prague: "I never said the company wouldn't sell its Bitcoin."

Nakamoto Inc. (NAKA US) — Sold approximately 284 BTC for $20M in March 2026, with proceeds used for working capital and to fund operations following its acquisitions of BTC Inc. and UTXO Management.  Additionally sold ~40 BTC received as premium income from its derivatives program. As of December 31, 2025, approximately 3,717 of its 5,342 BTC were pledged as collateral for a Kraken loan maturing December 4, 2026 — a potential binary event.

Smarter Web Company (SWC LN) — Sold 178 BTC on July 23, 2026 at an average price of $65,762 (~$11.7M) to repay its "Smarter Convert" convertible instrument to the TOBAM Group ahead of maturity.

Cango Inc. (CANG US) — Completed a Bitcoin sale in February 2026 to strengthen its financial position and advance an AI transformation strategy. Exact amount not disclosed.

Source https://x.com/matthew_sigel/status/2080370448764727756?s=61