According to CoinMeta, MicroStrategy ( MSTR ) sold 1,690 BTC to raise cash, which caused concern among holders, who viewed it as a shift from their "never sell" stance. Insider selling and analysts lowering target prices added to the negative sentiment in the market. Bit Digital ( BTBT ) analysts raised their target prices, believing that its Ethereum assets and White Fiber AI / HPC shares exceed the company's market value. The CFO resignation plan increased uncertainty among leadership. Galaxy Digital ( GLXY ) reported a net loss of $85 million in the second quarter, despite progress in cooperation with BNY institutions. Circle ( CRCL ) revenue grew to $701 million in the second quarter, with major partners (Blackstone, Visa, MasterCard) offsetting the cautious signals of insider stock sales. Marathon Digital ( MARA ) revenue declined by 27% in the second quarter, and the AI / data center transformation failed to alleviate execution issues. Bitdeer ( BTDR ) revenue grew but turned into a net loss, and the new $1 billion ATM plan sparked concerns about dilution.