Leading institutional players that form their strategic reserves in digital assets have unexpectedly paused their traditional weekly purchases of flagship cryptocurrencies. Michael Saylor's Strategy corporation and the mining giant BitMine, led by Tom Lee, completely skipped their regular rounds of replenishing their cryptocurrency portfolios. At the same time, only four smaller public projects continued to follow the accumulation strategy, investing a total of a modest 47.5 million dollars into buying the world's primary cryptocurrency.

The reason for the temporary lull on Strategy's part was the redistribution of financial flows in favor of traditional debt instruments, which Michael Saylor personally notified the investment community about. Instead of the usual acquisition of Bitcoins, the company focused on a large-scale buyback of its own convertible bonds worth 1.38 billion dollars, which were previously issued precisely to raise capital for expansion into the crypto market. Moreover, the management of Strategy is now shifting the attention of large investors to new perpetual preferred shares of STRC with a fixed yield of 11.5% per annum, while Saylor for the first time publicly admitted the possibility of a partial sale of accumulated Bitcoins to finance current debt obligations. This rhetoric sounds especially sensational against the backdrop of the fact that the corporation has now accumulated an impressive amount of coins — 843.7 thousand BTC, valued at tens of billions of dollars.

In turn, the investment company BitMine, which holds a giant reserve in the Ethereum network of over 5.28 million coins, also suspended its activity, without recording a single replenishment since mid-May. The head of the project, Tom Lee, explained that the slowdown in pace is due to the achievement of an important strategic milestone, because about 4% of the entire market issuance of the second largest cryptocurrency is already under the company's control. BitMine's final plan involves consolidating 5% of the total Ethereum supply over the next five years, after which the corporation intends to fully switch to generating passive income through staking mechanisms and redirect free resources to scaling related technological areas.