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Crypto exchanges 06.07: Strategy sells 3,588 Bitcoin

Monday, 6 July, was a classic rally-then-fade day: Bitcoin hit 63,945 dollars on Sunday evening but fell to 61,775 by Monday morning. Strategy Inc. sold Bitcoin to cover dividends for the first time in its history - 3,588 coins in seven days - while Ripple received a full MiCA licence in Luxembourg, opening all 30 EEA countries including the Baltics and Nordics.

Toms Ābeltiņš

7 July 20265 min read

Crypto exchanges 06.07: Strategy sells 3,588 Bitcoin

Monday, 6 July: Bitcoin reached a two-week high of 63,945 dollars on Sunday evening, but the rally faded in the Asian session and the price fell to 61,775 dollars by Monday morning. Strategy Inc. disclosed in an 8-K filing that it sold 3,588 Bitcoin worth roughly 216 million dollars over seven days to cover preferred dividends - the first departure from its accumulation-only policy, while projecting an 8.32 billion dollar second-quarter loss. US spot Bitcoin ETF outflows extended to an eighth consecutive week, while Ripple received a full MiCA CASP licence from Luxembourg's CSSF on 6 July, becoming fully compliant across all 30 EEA countries - 283 providers are now licensed in total.

Monday, 6 July 2026, was a classic rally-then-fade day in the crypto market: Bitcoin reached a two-week high of 63,945 dollars on Sunday evening, but by Monday morning the price had fallen to 61,775 dollars. The day's most important news, however, came from the corporate and regulatory side - Strategy Inc. disclosed Bitcoin sales to cover dividends for the first time in its history, while Ripple received a full MiCA licence in Luxembourg, opening all 30 countries of the European Economic Area to the company, including the Baltics and the Nordics.

The rally that faded: from 63,945 to 61,775 dollars

Sunday morning began near 62,600 dollars, and algorithmic buying combined with short covering in derivatives markets lifted the price to 63,945 dollars on Sunday evening - a move that triggered the forced liquidation of roughly 450 million dollars in short positions. Without sustained spot demand, however, the momentum faded during Asian trading hours, and on Monday morning Bitcoin fell to an intraday low of 61,775 dollars. The failure to hold the 63,900 dollar resistance level points to persistent supply pressure, and the Fear and Greed Index at 24 points remains deep in extreme fear territory. Market attention now turns to upcoming US inflation data, which follows the unexpectedly weak June employment report of just 57,000 new jobs.

Strategy sells Bitcoin to cover dividends for the first time

On Monday, Strategy Inc. filed an 8-K report with the US Securities and Exchange Commission that marks a departure from the company's historical accumulation-only policy. Between 1 and 5 July the company sold 2,225 Bitcoin for 135.2 million dollars at an average price of 60,773 dollars, and together with the sale of 1,363 coins in the final days of June, a total of 3,588 Bitcoin worth roughly 216 million dollars was sold over seven days. The proceeds went to dividend payments on the STRF, STRC, STRK and STRD preferred stock series and to replenishing dollar reserves. After the sales, Strategy holds 843,775 Bitcoin and 2.55 billion dollars in cash, while projecting an 8.32 billion dollar loss on digital assets for the second quarter, as the average purchase price of its remaining coins - 75,476 dollars - exceeds the current market price. By contrast, smaller rival Strive acquired 17.76 Bitcoin between 29 June and 2 July at an average price of 59,850 dollars, lifting its total reserve to 19,882 coins.

ETF outflows extend to an eighth consecutive week

Full weekly data refines the earlier picture of fund flows: in the four-day trading week ending 3 July, US spot Bitcoin ETFs recorded a net outflow of 526.64 million dollars - the eighth consecutive week of outflows, with more than 8.2 billion dollars lost over two months. BlackRock's IBIT has logged outflows for eleven consecutive trading days. The only bright day was 2 July, with a 221.72 million dollar inflow driven by Fidelity's FBTC at 166 million and ARK's ARKB at 91.8 million dollars, but it was not enough to close the week in positive territory. Year-to-date net flows are negative at roughly minus 5.4 billion dollars. Ethereum ETFs suffered an eighth straight week of outflows, while alternative crypto products attracted modest sums: XRP 17.19 million and Solana 5.75 million dollars.

Ripple receives full MiCA licence in Luxembourg

On the regulatory side, Monday also brought a positive signal: Ripple announced that Luxembourg's financial supervisor CSSF has upgraded the preliminary CASP authorisation granted in late June to a full MiCA licence. This means Ripple's regulated crypto payment services are now available to financial institutions and businesses across all 30 EEA countries, including Latvia, Lithuania, Estonia and the Nordics. According to CASP Tracker data, 283 companies hold a MiCA licence as of 6 July, issued by regulators in 25 EU and EEA countries - a number that has kept growing since the 1 July deadline, confirming that the licensing wave has not stopped.

Region without upheaval, sanctions data sounds a warning

In the Baltics and Nordics, Monday passed without new upheavals, and market dynamics remain those set at the start of July: Bybit has narrowed Bybit Global access for EEA residents, directing clients to its licensed European platform, Binance continues working on a return with a licence - reportedly via France - while the licensed Nordic players Firi, Safello, K33, Kvarn and Coinmotion keep competing for former clients of the global exchanges.

On the security and compliance side, TRM Labs data highlights the other driver of regulation: US-sanctioned states, including Iran, North Korea and Russia, processed more than 100 billion dollars in crypto transactions in 2025 - eight times more than in previous years, and on Monday OFAC sanctioned 134 crypto addresses linked to terrorist financing. The positive note: losses from smart contract exploits fell below 1 billion dollars in the first half of 2026, even though the number of attacks reached a record high.

What this means for users

For users in the region, Monday's events offer three takeaways. First, Strategy's sales are a reminder that even the largest institutional holders can become sellers in a bear market - a structural risk worth factoring into one's calculations. Second, Ripple's licence confirms that the MiCA passporting mechanism works: a licence in one EEA country opens the entire region, and the choice of licensed services for Baltic and Nordic users keeps expanding. Third, volatility around the 62,000 dollar level and the extreme fear sentiment call for continued caution - the recovery remains fragile, and the resistance at 63,900 dollars has not yet been overcome.

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