BitMine increased its Ethereum holdings by another 111,942 ETH and said its unrealized loss on the position is estimated at $7.35 billion to $8 billion, even as ETH traded below $2,200. Separately, Strategy (MSTR) used about $1.38 billion in cash to repurchase $1.5 billion face value of 2029 convertible notes at roughly an 8% discount, leaving its 843,738 BTC holdings unchanged.

On Monday, May 25, an unidentified wallet sent 107.1302 BTC (valued at more than $8.2 million) to a bitcoin burn address, making the funds permanently unspendable. The transfer, first flagged on Tuesday by Timechainindex.com founder Sani, lifted the address balance to 807.238 BTC, valued at $62.15 million. No onchain identity or clear connection to a protocol launch has been linked to the burn.

U.S. spot Bitcoin ETFs posted six straight days of net redemptions totaling about $1.55 billion from May 15 through May 22, leaving combined assets near $98.87 billion. BlackRock's IBIT accounted for roughly $1.14 billion of the outflow, while Fidelity's FBTC saw net sales of $151 million. Over the past seven days, Bitcoin hovered near $76,000 and was at $77,160 at press time as ETF demand cooled.

On May 26, 2026, Strategy said it completed a $1.5 billion repurchase of its 2029 convertible notes for about $1.38 billion in cash, an ~8% discount to par. The company said the buyback was financed with cash plus at-the-market sales of MSTR common stock and STRC preferred stock, and it also bought 24,869 BTC in the same May 11–25 window. After the transactions, Strategy reported total Bitcoin holdings of 843,738 BTC and remaining convertible debt of $6.7B.

Strategy said it repurchased $1.5 billion principal of its 0% Convertible Senior Notes due 2029 for about $1.38 billion in cash on Tuesday, cutting total convertible obligations to $6.7 billion. It also reported buying 24,869 bitcoin using proceeds from STRC preferred stock and an at-the-market common stock program, bringing total holdings to 843,738 BTC and a year-to-date BTC Yield of 13.3%.

Bitcoin's on-chain activity has cooled over the past two weeks, with active wallet addresses falling from 821,000 to 494,000. The 39.80% decline is cited as a sign short-term traders may be stepping back during a broader consolidation phase.

Bitcoin’s on-chain participation has cooled over the past two weeks, with active addresses dropping from about 821,000 to 494,000, a 39.8% decline. The pullback comes as BTC continues to consolidate below $80,000, while spot price was $77,363 at press time after a roughly 0.5% 24-hour gain.

On May 26, a pseudonymous onchain trader exited an ether short worth over $100 million for a $260,000 loss, then moved into a 20x leveraged bitcoin long sized at $13.43 million. The new position represents 175.04 BTC at $76,662, implying liquidation risk on roughly a 5% adverse move. At the time of the trade, ETH was at $2,090.55 and BTC was at $76,662.