Bitcoin Corporate Champion Sells 1,637 BTC Amid SEC and Ripple Drama

Bitcoin corporate champion Strategy has sold 1,637 BTC from its treasury, trimming it to 842,138 BTC. This marks a rare reversal for the firm that has spent years accumulating on every dip. Despite this sale, Strategy still commands nearly 70% of all publicly held corporate Bitcoin.

The SEC has paused Nasdaq's approval to list cash-settled Bitcoin index options while the full Commission reviews a jurisdictional challenge from CME Group. The challenge argues the products fall under CFTC oversight.

Ripple's engineering director has urged all XRP Ledger node operators to upgrade to version 3.2.1 after developers spotted a validator manifest flood hitting the network on July 31, prompting an emergency security patch.