BTC Wealth Report – Issue 16

👋 Welcome to BTC Wealth — Issue 16

Last week, we called it early: a Bitcoin Whale had sold 80,000 BTC. Turns out… we jumped the gun.

Galaxy finally confirmed it on July 25: all 80,000 BTC have now officially been sold.

That’s the nature of tracking OTC deals in real time- there’s always a risk that you miss something.

We’ll always aim to bring you the most accurate picture — and own our missteps when they happen.

It is the speculative part of investment analysis which is interesting and valuable - but we do our best to be right.

This week, we’re wrapping up the 80K BTC sale saga with the final details — and providing our thoughts on the near term price outlook.

Plus:

• 🏦 New Credit Product — Saylor’s STRC raises $2.5B

• 📊 ETF Inflows — slow and steady accumulation

Let’s get into it.

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📊Galaxy Sells and Gloats

On July 25, Galaxy finally confirmed what we’ve been tracking: the full sale of 80,000 +BTC

We shared our thoughts on this last week. So we won’t belabor the point - but it’s remarkable that Bitcoin price held up in the face of so much selling and if you’re looking for a bullish indicator. This is it.

🧩The Last Piece of the Puzzle - who sold?

CryptoQuant’s Ki Young Ju is now reporting the coins were linked to MyBitcoin, an old exchange that was supposedly hacked and later shut down in 2011.

This doesn’t add too much to the story. We knew it was anonymous whale. It’s still an anonymous whale. Some things in life are meant to be a mystery 🤷‍♂️

🧱Another Piece of the Bitcoin Yield Curve

Meanwhile, Saylor is back at it — launching a new product in the Bitcoin-backed credit space.

The product is called STRC, and it’s styled after a money-market fund: no price volatility, fixed-ish returns, paid out monthly.

📈 Target Yield: ~9% annually
💵 Capital Raised: $2.4 Billion
🎯 Use of Funds: Buy Bitcoin
📌 Price Pegged: Strategy will use tools (more on this below) to keep STRC near $100

What is STRC and what makes it a “money-market” style?

The idea is that like a bank account there’s no capital risk. The price of STRC doesn’t fluctuate.

The product simply earns you interest and pays you the interest every month.

There’s currently $30T in assets sitting in these type of vehicles and Strategy is looking to take a tiny bite out of the market.

How is the Interest is Paid

You earn roughly 9% per year , paid out every month (so about 0.75% each month).

The amount itself isn’t precisely fixed - and for a good reason.

STRC uses a variable interest rate to keep the security price stable — aiming to keep $100 of STRC always worth… $100.

So if the price of STRC starts to creep above $100 they will lower the interest rate that month or vice versa.

Each month, the company can tweak that rate up or down a bit—but it won’t drop below the basic borrowing rate in the market.

Keeping the price Fixed

Apart from adjusting the dividend rate The company has tools—like, issuing more shares, or redeeming shares—to help keep STRC trading close to $100.

Why is this product interesting?

STRC is yet another tool in the Bitcoin credit toolbox — carving up the return profile to meet different investor appetites.

A ~ 9% yield without price risk is attractive for a lot of investors. The Demand for yield is there and Saylor is converting this demand for yield into demand for BTC.

Raising $2.5 Billion - the largest so far of their four debt offerings is proof that it’s working.

The money will come in next Tuesday, and you can expect it will be immediately into a 21,000 BTC purchase.

MSTR shareholders get a growing BTC per share.

BTC has increased demand.

Yield-seeking investors get a new high-return, short-duration product.

A win-win-win provided that Bitcoin keeps going up in price.

But that’s the whole Bitcoin bet — and Strategy is just finding new ways to package it.

These new vehicles continue to pull from traditional capital markets into Bitcoin — and it’s happening faster than most realize.

📈 ETF Watch: ETFs Were Slow But Still Buying

The ETFs were accumulating but it was soft this week.

🟢 BlackRock (IBIT): +2,266 BTC

🔴 Fidelity (FBTC): -1047 BTC

🔴 ARK (ARKB): -767 BTC

Net Total: +636 BTC

They’ve purchased on net over 50,000 BTC in July. The odd soft week is to be expected, especially at a time when price is flat.

Final Thoughts

We're typically cautious about short-term price calls.

Historically, Bitcoin's price moves sideways (sometimes painfully downwards) until it doesn't—then rockets upward suddenly. The timeless wisdom—HODL, DCA—remains the strategy.

But it’s hard to ignore how bullish this setup looks:

• Bitcoin just weathered a $9B sell-off, holding firm at $118K.

• Galaxy's selling pressure is exhausted.

• Saylor’s STRC launch is about to unleash a fresh $2B+ buy into the market.

If all else remains equal (and it rarely does), Bitcoin’s next move is likely higher.

We’ll be watching closely!

That’s your BTC Wealth Report this week.

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— Thomas Fahrer