Crypto Biz: Bitcoin maximalism meets the realities of capital markets
Strategy authorizes Bitcoin sales, Open USD takes on USDT and USDC, Fidelity defends Bitcoin security and crypto ramps up political spending for 2026.
For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed.
The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that even Bitcoin’s most committed corporate holder isn’t immune to the realities of capital management.
This week’s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. It also examines the intensifying stablecoin race as issuers compete for reserve yield, Fidelity’s latest defense of Bitcoin’s long-term security model and the crypto industry’s growing political influence ahead of the 2026 US midterm elections.
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