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MicroStrategy Introduces Digital Credit Framework, Authorizes Sale of $1.25 Billion in Bitcoin to Pay Dividends. The Community Unearths the Founder’s Past Remarks of “Selling Kidneys, Not Coins” and Heavily Mocks Them, Showing the Company Moving from Never Selling to Flexible Monetization.
MicroStrategy Introduces Digital Credit Capital Framework, Authorizes Sale of $1.25 Billion in Bitcoin to Pay Dividends
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The publicly listed company holding the most Bitcoin globally, MicroStrategy (Strategy, ticker: MSTR), announced last night a new Digital Credit Capital Framework, which includes raising the annual dividend on preferred stock STRC to 12%, and plans authorizing the sale of up to $1.25 billion worth of Bitcoin for cash, to be used to strengthen reserves and pay interest.
This coin-selling plan has sparked community

In June, U.S. Bitcoin spot ETFs saw cumulative net outflows exceed $4 billion, threatening to record the worst single-month bleeding since listing, reflecting the continued rise in institutional investor risk aversion.
U.S. Bitcoin spot ETFs are experiencing the most severe capital exodus since listing, with cumulative net outflows in June already exceeding $4 billion, likely setting the worst single-month bleeding record in history, highlighting the continuing escalation of institutional risk aversion.
According to SoSoValue data, U.S. Bitcoin spot ETFs bled as much as $4.06 billion this month, surpassing the previous high of $3.56 billion set in February 2025.
Just last week, these ETFs saw outflows of approximately $1.79 billion, marking the second-largest single-week net outflow since their listing in January 2024. However, since June still has only the last

The Legislative Yuan of Taiwan passed the third reading of the “Virtual Asset Service Act” on June 30, 2026. This article is a “quick guide” that fully covers all the key points of this law, helping you understand details such as stablecoins, licenses, and penalties.
_Version note: This article is updated based on the version passed by the Legislative Yuan’s third reading, and differs in some details from the draft version approved by the Executive Yuan on 2026/4/8 (see the explanations in each section). The bill completed its third reading and was passed on June 30, 2026, officially entering the preparation stage for implementation._
Virtual Asset Service Act Passes Third Reading in Taiwan’s Legislative Yuan—A Quick Guide at a Glance
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Taiwan’s cryptocurrency industry has finally entered an era of clear regulation! After the Financial Supervisory Commission released a preliminary draft last year, the Executive Yuan approved the amended draft of the “Virtual Asset Service Act” in early April this year, submitted it to the Legislative Yuan for review, and in the same year

Four Ethereum wallets that had been dormant for nearly eight years suddenly awakened and, within a short period, massively sold off their holdings and successfully cashed out. Although they actually realized a profit of about $27.4 million, compared with the peak of the bull market, it was down by as much as five times.
As the cryptocurrency market continues to remain sluggish, 4 Ethereum wallets that had been dormant for nearly 8 years suddenly awakened, massively selling off their holdings; although they successfully cashed out about $27.4 million, it was a full fivefold drop compared with the more than $150 million in unrealized profit during the bull market, leaving the market greatly puzzled and regretful.
Citing Arkham data, on-chain analysis platform Lookonchain said that these 4 wallets originally acquired 37,602 ETH in 2018 at an average price of $830 per coin.
Image source: X/@lookonchain
After a dormancy of nearly 8 years, these wallets…

Taiwan’s Legislative Yuan passed the third reading of the Virtual Asset Service Act on June 30, declaring that the industry has entered dedicated law governance. The Virtual Asset Service Association will focus on drafting subsidiary regulations and joint anti-fraud prevention.
_【This article is provided by the Virtual Currency Association】_
The Legislative Yuan today (6/30) officially passed the third reading of the Virtual Asset Service Act (hereinafter referred to as the dedicated law). The Taiwan Virtual Asset Service Commercial Association (hereinafter referred to as the VASP Association) said that the passage of the dedicated law symbolizes that Taiwan’s virtual asset industry has officially entered a new era of “dedicated law governance.” This is made possible by the active efforts of the competent authorities, the legislative body, and the industry as a whole, setting a milestone for Taiwan’s digital finance development.
As a key bridge for communication between the public and private sectors, the VASP Association would like to extend its special thanks to the competent authorities and the legislative body for continuously listening to the practical needs of the industry while balancing innovation and risk management, and for promoting legislation with an open and pragmatic approach. The dedicated law

The three major memory manufacturers Samsung, SK hynix, and Micron were hit with a class action lawsuit filed by consumers on June 25 in the U.S. District Court for the Northern District of California. The complaint alleges that the three companies conspired to restrict DRAM supply and artificially created shortages to drive up prices.
The memory price surge frenzy has finally sparked a legal battle. On June 25, Samsung, SK hynix, and Micron—collectively known as the three major memory manufacturers—were sued by consumers in the U.S. District Court for the Northern District of California. The complaint alleges that the three companies conspired to limit DRAM supply, artificially manufactured shortages to jack up prices, and caused commercial DRAM prices to soar by nearly 700% over the past four years. The complaint even directly describes the severity of this crisis as “RAMpocalypse.”
Complaint alleges: to redirect.

On June 30, 2026, Taiwan’s Legislative Yuan passed the third reading of the “Virtual Asset Service Act.” The new law will fully switch to a special licensing system, and will strictly regulate asset segregation and the issuance of stablecoins.
Taiwan’s virtual asset industry has officially entered a new development milestone. On June 30, 2026, the Legislative Yuan formally passed the third reading of the “Virtual Asset Service Act” bill. This dedicated law marks the end of the pioneering phase in the past, which lacked clear regulation; going forward, virtual asset service providers (VASPs) will fall under the high-level supervision of the Financial Supervisory Commission, establishing three core pillars: protecting the rights and interests of traders, preventing financial crimes, and promoting innovation in financial technology.
Related news: The Virtual Asset Service Act has passed its third reading! Taiwan’s crypto new era arrives, moving toward a comprehensive licensing system.
Regulatory Core Breakdown: Special Licensing System, Asset Segregation, and Stablecoin Legalization
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MicroStrategy Announces New “Digital Credit Capital Framework,” Authorizing the Sale of $1.25 Billion in Bitcoin to Pay Dividends and Buybacks. The move breaks its previous stance of not selling Bitcoin, but boosts market confidence, backed by major Wall Street institutions.
MicroStrategy Announces the Digital Credit Capital Framework, Including Authorization to Sell $1.25 Billion in Bitcoin
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Bitcoin ($BTC) has recently been under pressure, with its price trending weak. Strategy (MSTR), the publicly traded company that holds the most Bitcoin globally, saw its preferred shares STRC continue to trade below par value, prompting market skepticism.
Yesterday (6/29), MicroStrategy went against its usual pattern of not announcing additional Bitcoin purchases. Instead, it announced a new Digital Credit Capital Framework, which includes authorization to sell $1.25 billion…

The Legislative Yuan passed the Virtual Asset Service Act in its third reading, designating the Financial Supervisory Commission (FSC) as the competent authority, implementing a full licensing system for virtual asset service businesses, and establishing dedicated provisions for the management of stablecoins.
Taiwan’s First Crypto-Specific Law, the “Virtual Asset Service Act,” Passed in Third Reading
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Today (30), the Legislative Yuan passed the third reading of the “Virtual Asset Service Act,” officially establishing Taiwan’s first legal framework dedicated to specifically regulating the digital asset industry—also marking a new stage in Taiwan’s virtual asset regulatory regime. Going forward, virtual asset service providers (VASPs) will be brought fully under licensing-based management. Matters such as stablecoin issuance, market order, investor protection, and industry regulation will also all have clear legal bases.
In the past, the competent authority mainly managed virtual asset businesses based on the Money Laundering Prevention Act and administrative orders. After the new law takes effect, digital assets will be formally brought under a complete financial regulatory framework, and the FSC will also

Ethereum rebounded late at night, breaking through $1,620, with 24-hour trading volume surging 97% to $11 billion. However, spot ETFs have seen net outflows for seven consecutive weeks, and the foundation laid off 20% of its staff.
Ethereum Breaks Through $1,620, Trading Volume Surges
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Ethereum ($ETH) rebounded significantly late at night after days of consolidation, briefly breaking through $1,620 and reaching a high of around $1,633, with a 24-hour increase of nearly 2.8%. Along with the price rise, market trading activity also heated up, with 24-hour trading volume surging about 97% to over $11 billion, indicating that both buyers and sellers have become active again, leading investors to start paying attention to whether the short-term trend will reverse.
Source: TradingView Ethereum ($ETH)

Market insiders say SpaceX and Charter have launched a strategic action phone partnership, entering the telecommunications market by combining satellite services with a ground-based model, and an investment bank has raised its target price to $250.
According to market insiders, Elon Musk’s space exploration technology company, SpaceX, and Charter, the largest U.S. home internet provider, have initiated high-level talks, planning to carry out strategic cooperation on consumer mobile phone services. This move will significantly advance SpaceX’s strategy of directly offering mobile communications services to consumers, further challenging the U.S. traditional telecom leaders. At the same time, Wall Street investment bank Oppenheimer has recently issued an extremely bullish rating on SpaceX, raising its target price to $250. SpaceX was added to the Russell as of 6/26.

MicroStrategy’s founder has hinted at adding more Bitcoin, even though its current holdings are already showing an unrealized loss of $13 billion, and this has sparked market questions about its fundraising model and credit crisis. However, some institutions on Wall Street still support the view that its financial risks are within a controllable range.
MicroStrategy founder hints at adding more Bitcoin, as its holdings face a huge unrealized loss
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With its holdings facing unrealized losses, preferred shares (especially preferred shares) continuing to decouple, and analyses suggesting a pause on additional purchases, Bitcoin treasury firm MicroStrategy (Strategy) is again reported to have sent signals indicating it may add more. If that turns out to be true, it would mean buying Bitcoin for four consecutive weeks after selling 32 Bitcoins.
MicroStrategy founder Michael Saylor posted on the social platform X yesterday (6/28) the company’s Bitcoin acquisition tracking chart, along with the caption “We’re going to need more charts” and a

OpenAI is reportedly delaying its IPO until 2027, mainly due to CEO Sam Altman's demand for a $1 trillion valuation, heavy energy costs, and increased White House scrutiny of new models.
According to the New York Times, OpenAI is leaning toward postponing its initial public offering (IPO) until 2027. Speculation suggests this is due to recent volatility in tech stocks, the risk of sharp price swings following SpaceX's record-breaking IPO, and founder and CEO Sam Altman's requirement that the company achieve an unprecedented $1 trillion valuation. After announcing its plans to file this year, OpenAI's actual public offering may be delayed by another year.
Altman demands a $1 trillion valuation; SpaceX's IPO decline may dampen investor enthusiasm
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SoftBank CEO Masayoshi Son criticized Musk's SpaceX space data center as extremely low efficiency, emphasizing that terrestrial computing power is the key to the AI race, and SoftBank will focus on investing hundreds of billions of dollars in terrestrial infrastructure.
SoftBank's Masayoshi Son Slams Musk's SpaceX Space Computing Narrative
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After Musk's company SpaceX completed the largest IPO in history, the narrative of space computing power has been hyped up, but SoftBank Group CEO Masayoshi Son dismissed it.
At the recent shareholder meeting of the mobile communications business, he questioned the concept of space data centers advocated by Musk, stating that the actual benefits of building data centers in space are extremely low, and the outcome of the artificial intelligence (AI) race will be determined by terrestrial computing power.
He pointed out that although space data centers can reduce electricity costs, compared to chip hardware, electricity expenses account for only a very small proportion of total operating costs.

British billionaire Jeremy Grantham again publicly criticizes Bitcoin. He points out that it lacks fundamental support and cash flow, and in the future it may face a quiet decline as attention fades.
Jeremy Grantham once again questions the long-term investment value of Bitcoin
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Known for predicting asset bubbles over the long term, British billionaire and co-founder of GMO Jeremy Grantham (Jeremy Grantham) once again publicly criticizes Bitcoin. He believes that the biggest risk for Bitcoin in the future may not necessarily be a sharp, large crash in a short period of time, but rather a long-term and slow process of value erosion after the market’s heat gradually fades.
Grantham said that Bitcoin’s price is mainly built on market consensus and investor confidence. Since it does not generate cash flow on its own and lacks intrinsic value that can be evaluated in traditional ways, the price

Digital asset custodian BitGo announced layoffs of nearly 15% to reconfigure resources, and will in the future focus its manpower on core businesses such as stablecoins, settlement, and AI infrastructure.
BitGo lays off nearly 15% and reallocates resources
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Digital asset custodian BitGo announced it would cut nearly 15% of its employees, becoming the latest example of workforce adjustment in the cryptocurrency industry in recent times.
BitGo CEO Mike