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SOL long
2026-07-02 11:01:24

New Wallet Opens $18.1M 20x Long on SOL, Sells BTC for Cash: Whale On-Chain Analysis

According to Onchain Lens, a newly created wallet 0xE06 has taken a massive long position on SOL: depositing ~$2.27M USDC and 21.14 BTC (~$1.27M) to open a 20x leveraged long of 230,583 SOL, with a total notional position of ~$18.1M. The wallet still has pending orders to add more SOL, and has sold 10.58 BTC for ~$652,600, now holding 10.59 BTC. This article analyzes the whale's operations, potential strategy, and market implications.

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New Wallet Opens $18.1M 20x Long on SOL, Sells BTC for Cash: Whale On-Chain Analysis
Riot Platform
2026-07-02 10:30:14

Riot Platforms Sells 3,778 Bitcoin in Q1 as Miner Strategy Shifts Toward AI Infrastructure

Riot Platforms sold 3,778 bitcoin in the first quarter of 2026, generating $289.5 million. The volume exceeded quarterly production by 2.6 times, indicating a drawdown of treasury holdings. Proceeds were used to acquire 200 acres in Rockdale, Texas, and sign a 10-year agreement with AMD for 25 MW capacity (expandable to 200 MW), expected to yield $311 million in contract revenue. Riot reduced all-in power costs 21% to 3.0 cents/kWh, while deployed hash rate rose 26% to 42.5 EH/s. Industry peers MARA Holdings, Genius Group, and Nakamoto Holdings sold over 15,000 BTC collectively; Bhutan offloaded 3,103 BTC. Public companies still hold about 1.16 million BTC, over 5% of the fixed supply.

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Riot Platforms Sells 3,778 Bitcoin in Q1 as Miner Strategy Shifts Toward AI Infrastructure
MARA
2026-07-02 04:00:14

MARA Dumps $1.5B in Bitcoin as Miner Trades Treasury Hoard for AI Power Bet

Bitcoin miner MARA Holdings sold approximately $1.5 billion worth of bitcoin in Q1 2026, dropping from the second to the fourth largest publicly traded holder. The company reported Q1 revenue of $174.6 million, down 18% year-over-year, and a net loss of about $1.3 billion due to a fair value decline in digital assets. MARA explicitly stated it does not plan large purchases of new ASIC miners, instead allocating capital to energy and data infrastructure, including a $1.5 billion acquisition of the Long Ridge Energy & Power campus in Ohio featuring a 505 MW gas-fired plant. The firm also partnered with Starwood Capital to convert mining sites into AI and high-performance computing data centers, with 90% of non-hosted mining capacity eventually supporting AI workloads. This pivot positions MARA at the intersection of bitcoin mining and AI compute, allowing flexible power allocation between the two energy-intensive sectors.

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MARA Dumps $1.5B in Bitcoin as Miner Trades Treasury Hoard for AI Power Bet
Strategy
2026-06-29 18:31:32

Strategy Launches 'Digital Credit Capital Framework': Authorizes Sale of $1.25 Billion in Bitcoin, Ending 'Never Sell Bitcoin' Pledge

Facing a crisis with STRC preferred stock plummeting, annual dividend obligations soaring to $1.2 billion, cash reserve pressure, and legal investigations, Strategy (formerly MicroStrategy) has unveiled the 'Digital Credit Capital Framework.' The plan authorizes the sale of up to $1.25 billion in Bitcoin, establishes $2.55 billion in cash reserves, raises the STRC dividend yield to 12%, and initiates $1 billion each in preferred and common stock buybacks, marking the end of its long-standing 'never sell Bitcoin' commitment.

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Strategy Launches 'Digital Credit Capital Framework': Authorizes Sale of $1.25 Billion in Bitcoin, Ending 'Never Sell Bitcoin' Pledge