RR2Capital

Early stage investors in blockchain innovation. We are the perfect bridge between investing and creating influence.

[RR2Capital @RR2Capital]

Strategy Sold Bitcoin for the First Time in Four Years, Then Bought It Right Back.

For years, Michael Saylor's Strategy had one playbook: buy BTC, hold it, buy more.

That streak broke between May 26 and May 31, when $MSTR quietly sold 32 BTC for $2.5M to cover the dividend on its STRC preferred stock.
First net sale since 2022. By June 1, MSTR was down roughly 6% and over $90M in BTC futures had been liquidated. A week later, the story already had a sequel.

🏦 The sale that broke the streak

The 32 coins went at an average of $77,135 each, slightly ABOVE Strategy's blended cost basis of $75,699. The company still held 843,706 bitcoin:native as of May 31, so it sold near breakeven, on a tiny fraction of its stack, to service preferred shareholders. That's the mundane reality.

The market's reaction was anything but. Saylor had flagged it on the Q1 call: sell some bitcoin "to inoculate the market and send the message that we did it." He later clarified the company would buy 10 to 20 BTC for every one it sells, and that "never sell" always meant being a net accumulator.

🔍 What Arkham flagged before the news

On-chain data from Arkham showed roughly 411.6 BTC moving out of Strategy's Coinbase Prime cold wallet on May 28, two days before the public period ended.

That pushed Polymarket odds of a sale up to 84%. Whether the transfer connects directly to the 32-coin sale or represents something else hasn't been clarified by the company.

📡 Saylor's June 7 reframe, and the buy that backed it up

On June 7, Saylor posted his classic move: a BTC tracker image captioned "A good time to add more dots" 🟧.

CEO Phong Le reinforced it: the strategy is to increase net Bitcoin over time, and "rumors otherwise are just rumors." This time it wasn't just narrative.

On June 8, Strategy confirmed in an SEC filing that it bought 1,550 BTC between June 1 and June 7 for $101.3M at an average of $65,332, pushing total holdings to 845,256 BTC.

Because the buy came in roughly $10,000 below its blended cost, Strategy lowered its cost basis for the FIRST time since it began accumulating. MSTR jumped about 6% and the company added $100M to reserves, bringing cash to $1B, directly answering the liquidity concerns.

💥The bigger picture

Sold 32 to make a point. Bought 1,550 to make the opposite one.

Nearly 50x the size of the sale, at a lower price, while rebuilding cash at the same time. Strategy remains the largest corporate holder of Bitcoin on the planet. The corporate hodler thesis was never just about the math, it was about the signal.

For a week, that signal got harder to read. The June 8 filing made it loud again.

[RR2Capital @RR2Capital]

Bitcoin in June 2021: $57,300
Bitcoin today: $63,394

[RR2Capital @RR2Capital]

Market cap ranking vs developer ranking:
🔸Bitcoin: #1 by cap, #8 by devs.
🔸Solana: #4-ish by cap, #1 by devs.

[RR2Capital @RR2Capital]

@Stacks @HouseofChimera Rightly so 🔥

[RR2Capital @RR2Capital]

📢 White House sits down with law enforcement today over the CLARITY Act.

Big topics: stopping illicit finance and protecting developers.

A Senate vote is coming. Things are moving fast 👀

[RR2Capital @RR2Capital]

GM Guys - 24 Hour Market Recap:

🔸 bitcoin:native trading at ~$63k, ethereum:native at ~$1.7k.
🔸 Saylor buys 1,550 bitcoin:native one week after selling 32 Bitcoin.
🔸 Bitmine drops $214M on 126k ethereum:native at the bottom.
🔸 Key indicator signals worst of crypto crash may be over.

[RR2Capital @RR2Capital]

@randgroup @grvt_io That monthly volume chart is just the beginning. TRacking the launch of $GRVT 👌

[Rand Group @randgroup]

Perps DEX volume grew over 3000% in 2025, yet most platforms still cannot meet basic institutional compliance requirements.

Solid move by @grvt_io building a hybrid DEX with no KYC, prime brokerage rails and self custody on zksync.

[RR2Capital @RR2Capital]

📢 Sam Bankman-Fried just officially asked Trump for a pardon.

The man who blew up crypto's biggest exchange is now betting on presidential mercy.

Bold move. Let's see how that plays out 👀

[RR2Capital @RR2Capital]

Senate Banking Committee Sends Crypto Market Structure Bill to the Floor in 15-9 Vote

The CLARITY Act cleared the Senate Banking Committee Thursday on a 15-9 vote, putting the most consequential crypto legislation in U.S. history one procedural step closer to becoming law. The bill formally ends the SEC-CFTC jurisdictional fight that's kept institutional capital on the sidelines for years.

🏛️ What the bill actually does

The CLARITY Act carves digital assets into three regulatory categories and hands the CFTC explicit jurisdiction over $BTC, $ETH, and $SOL. That last one matters: Solana's classification has been contested since the SEC named it a security in multiple enforcement actions. The bill also includes explicit protections for DeFi developers, draws a line on stablecoins by permitting partial yield while banning deposit-style interest, and opens a formal legal pathway for bank custody and tokenized asset products.

It passed the House in a prior session. The Senate Banking Committee vote, reported by BigGo Finance, adds bipartisan cover, though nine members voted no, suggesting the floor fight won't be clean.

⚙️ The procedural gauntlet still ahead

Before a floor vote, the Senate version needs to be reconciled with the Agriculture Committee's version, since the CFTC expansion touches that committee's jurisdiction too. Those two tracks have to merge into a single bill. After that, floor amendments are expected. Then it needs 60 votes to clear a filibuster, not 51, which is the actual test.

That 60-vote threshold is where crypto legislation has died before. The bipartisan 15-9 committee margin is promising but doesn't directly translate to floor math. Senate scheduling is the other variable. No floor date has been set.

💼 Why institutions are paying attention

The multi-year SEC-CFTC standoff created legal risk that made compliance teams at major banks and asset managers unwilling to commit. Custody products, spot ETF expansions, and tokenized treasury products all have been waiting on exactly the kind of statutory clarity this bill provides.

Per Mudrex's analysis of the bill, the legal on-ramp for exchange-traded crypto products under CFTC oversight is one of the provisions drawing the most attention from TradFi.

If it passes, the regulatory floor for the industry changes materially. If it stalls at 60 votes, the window may not reopen until after the next election cycle.

[RR2Capital @RR2Capital]

$1.75 trillion. That's SpaceX's IPO valuation.
It's also the combined market cap of the 13 largest listed aerospace & defense names on Earth 👀.

[RR2Capital @RR2Capital]

How the US - Israel conflict with Iran reshaped Middle East markets:

[RR2Capital @RR2Capital]

GM Guys - 24 Hour Market Recap

🔸 $BTC trading at $62k, $ETH at $1,663.
🔸 $1.6B liquidations cleared after worst week since FTX.
🔸 $XLM +40% after DTCC picks Stellar for tokenized securities.
🔸 $COIN gets #CFTC approval for crypto perpetual futures.

[Rand Group @randgroup]

This Bitcoin chart maps the emotional arc of the cycle and right now it reads loud and clear.

🔸 Shot across the bow : mixed profit and loss taking, first warnings
🔸 Price pain : heavy losses, leveraged and emotional holders flushed out
🔸 Time pain : where we are now, the grind that breaks spirits

73% of coins spent in the last two weeks came from local top buyers between $75k and $85k. Less than 4% came from HODLers below $60k.

The people in profit are completely unfazed. They are not selling. They don't care. The tourists are getting washed out and strong hands are absorbing the supply. Act accordingly 👌

Source: @_checkonchain

[RR2Capital @RR2Capital]

@randgroup What if…

[Rand Group @randgroup]

Bitcoin RSI extremely oversold...what's next?

[RR2Capital @RR2Capital]

@richardseiler @OpenAI @AnthropicAI @SpaceX @grok @claudeai Bringing IPOs back to life 🔥

[RR2Capital @RR2Capital]

@randgroup Arriba

[RR2Capital @RR2Capital]

@richardseiler Spot on vibes

[RR2Capital @RR2Capital]

@richardseiler @MicronTech @SKhynix @Samsung Crypto left sidelined