Your Weekend Money Briefing

The Company That Built Its Entire Identity on "100% Bitcoin, Forever" Just Quietly Dropped the "100%"

Four crypto stories worth knowing before markets reopen Monday. No fluff, no hedging.

Strategy Just Admitted It's Done Going All-In on Bitcoin

Weeks ago, we told you Strategy sold Bitcoin for the first time since 2022, breaking its "never sell" identity. Now it's official policy, not a one-off: the company says it will keep selling BTC opportunistically to fund its cash reserves, preferred dividends, and buybacks — and will no longer put 100% of new capital raises into Bitcoin. Michael Saylor confirmed the company has moved to a mixed approach instead.

Duck it — Strategy's entire stock story for years has been "we're the purest Bitcoin bet you can buy." That pitch just changed, quietly, in a policy update instead of a headline announcement. If you hold this stock specifically because it was 100% Bitcoin, go re-read what you actually own now.

This doesn't mean Strategy is bearish on Bitcoin. It means the "never sell, all in" identity that made the stock famous is officially retired.

A Hardware Wallet Flaw Just Cost Users Over $70 Million

Losses from a firmware flaw in Coldcard Mk3 hardware wallets have now passed $70 million, draining nearly 1,200 wallets according to Galaxy Research and engineers at Block. Coinkite, the maker, is warning that devices running firmware versions 4.0.1 through 5.0.3 may have a seed-generation flaw and is urging affected users to move their funds immediately.

If you or anyone you know uses a Coldcard Mk3, check the firmware version today, not this weekend. This is exactly the kind of thing that's boring right up until it isn't.

Circle Just Picked Up Another State-Level Banking License

Circle secured a limited-purpose trust charter from the New York Department of Financial Services for a new entity, Circle New York Trust. It's a smaller step than the national trust bank approval we told you about a few weeks back — this one's state-specific — but it's another brick in the same wall: USDC's issuer keeps quietly getting more regulated, not less.

Small news alone. Stacked with everything else Circle's been collecting, it's a pattern: this company is building the most regulated stablecoin infrastructure in the country, one charter at a time.

Bitcoin Just Had Its Best July in Years. August Has a Bad Habit.

Bitcoin closed July up roughly 11.5%, its third straight green July — a rare streak. Now comes the part nobody likes talking about: August has been Bitcoin's worst month four years running, averaging close to a 10% decline. BTC enters this month around $63,000-$65,000, sitting right at a technical level that could go either way.

Duck it — seasonality isn't a prediction, it's a pattern that's failed to hold plenty of times too. Don't sell just because it's August. Don't buy the dip blindly either. Watch the actual price action, not the calendar.

This is a market news summary, not investment advice. Crypto and financial markets are volatile — you can lose some or all of your money. Please make your own decisions and consider talking to a licensed financial advisor before acting on anything here.

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