"Strategy sells some BTC" Jun 01, 2026

Strategy sold 32 Bitcoin between May 26th and May 31st, its first Bitcoin sale since December 2022, raising approximately $2.5 million to fund preferred stock distributions, specifically STRC dividends. Strategy now holds 843,706 Bitcoin and carries an implied paper loss of approximately $2.9 billion at current prices, with Bitcoin trading at $72,374 as of June 1st 2026. Saylor framed the sale as consistent with a net accumulator posture, saying Strategy plans to buy 10 to 20 Bitcoin for every one it sells.

Alongside the Bitcoin sale, Strategy sold approximately $128 million of MSTR shares last week and expanded its capital raising program with another $21 billion of MSTR, $21 billion of STRC preferred stock, and $2.1 billion of STRK. The company also repurchased $1.5 billion of its 2029 convertible notes using cash reserves, leaving its USD reserve at $900 million. The combination of a small Bitcoin sale, large equity issuance, and debt repurchase signals active balance sheet management under pressure from preferred dividend obligations.

Binance launched trading in more than 7,000 US-listed stocks and ETFs for non-US users, offering zero commission trades and fractional purchases starting at $5, funded through stablecoins and digital assets. Nest Trading arranges the share purchases while Alpaca handles custody, dividends, and corporate actions. Binance also announced B-Stocks, a feature to tokenize equity holdings on BNB chain with near-instant settlement and potential DeFi use. Tokenized stocks and ETFs hit a record daily volume of $3.6 billion on May 19th, led largely by Binance and Hyperliquid. Binance had shut down an earlier tokenized stock program in 2021 under regulatory pressure, making the relaunch a notable reversal.

Martin Koppelman confirmed an active exploit tied to Gnosis Pay's Zodiac Delay module, with Gnosis committing to cover all user losses. The exploit allows an attacker to initiate transactions from Safe Wallets using the affected delay module, though the vulnerability is connected to Gnosis Pay's own implementation rather than Safe's core contracts. A separate $3.2 million exploit had already hit 86 Gnosis Safe Wallets days earlier through a vulnerable third-party Squidrouter module, making the timing of two distinct incidents within a short window notable for users of the Gnosis ecosystem.

A developer named Florent used a self-hosted Ethereum node and a contract scanner to identify and unlock approximately 1,003 ETH trapped since HongCoin's 2016 ICO contract, making the funds claimable by 48 original investors. Florent noted that hackers had likely ignored the contract because any exploit could only return ETH to original investors rather than redirect it elsewhere, which removed the financial incentive for malicious actors. Two investors have already claimed 96.5 ETH and voluntarily sent Florent a white hat reward. Florent said AI helped sort through contracts but could not reliably analyze vulnerabilities, limiting its usefulness to triage rather than security analysis.

The SEC sued Nathan Fuller for allegedly raising over $12 million from roughly 150 investors through Privy Investments, pitching AI-powered crypto arbitrage bots promising 40 to 50 percent returns in 30 to 45 days, with some investors promised over 100 percent profit in 21 days. The bots had no real AI functionality, and only about $380,000, roughly 3 percent of investor funds, was actually used to buy crypto. Fuller allegedly kept at least $6 million for personal spending and used about $5 million to pay earlier investors in Ponzi-like fashion. Fuller fabricated investor protections including false Texas money transmitter licensing, FDIC insurance, a surety bond, and professional liability coverage, and created a fake audit firm called Blockchain Audit Solutions, using ChatGPT to draft a bogus letter to investors. A Texas bankruptcy court denied Fuller discharge on more than $12 million in debt after he admitted Privy was a Ponzi scheme and that he had fabricated documents.