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2026-07-28：Corporate Treasury Divergence: MicroStrategy Hoards Cash While Bitmine Corners ETH Amid Macro Liquidation Event
Bitcoin breaks below $64,000, hundreds of millions in leveraged positions vanish, and yet the most consequential move may not be on an exchange. Why did MicroStrategy pause Bitcoin purchases and build a $3.75 billion cash reserve just as Bitmine accumulated nearly 5.8 million ETH, locking much of it into staking? Then comes the uncomfortable AI-token question: what does a 36% institutional discount on WLD say about the prices retail investors see on screen? Add an XPL unlock worth 11% of supply, a $600 million Robinhood Chain liquidity surge, and a Fed decision looming over everything. Is…
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