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VanEck: Strategy’s $135M BTC Sale Did Not Count Toward Its $1.25B Monetization Program VanEck Head of Digital Assets Research Matthew Sigel said Strategy’s roughly $135 million Bitcoin sale last week did not count against its previously announced $1.25 billion BTC Monetization Program. According to Strategy’s latest Form 8-K, the program applies only to Bitcoin sales used to fund its USD Reserve, and the full $1.25 billion remained available as of July 5. Sigel said last week’s sale was used to pay preferred stock dividends and therefore fell outside the program, suggesting Strategy’s actual Bitcoin selling capacity may be greater than the $1.25 billion widely assumed by the market.

Morpho Association Raises $175M Led by Paradigm, a16z Crypto and Ribbit Capital In its latest Morpho Effect update, Morpho said the Morpho Association raised $175 million in a funding round led by Paradigm, a16z crypto and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, Ledger, Cathay Innovation and other strategic investors. Morpho said it is building an open credit network to connect traditional finance with onchain markets.