News Block: Is This Bear Market Almost Over? "Big Bitcoin" Unites to Defend Network, Strategy Makes Its First STRC Buyback — Key Takeaways
Podcast
News Block: Is This Bear Market Almost Over? "Big Bitcoin" Unites to Defend Network, Strategy Makes Its First STRC Buyback
Natalie Brunell8mJul 27, 2026
Listen to the original84% of Bitcoin's circulating supply is now held by long-term holders — an all-time high — signaling the bear market is closer to its end than its beginning.
Key takeaways
Bitcoin mining economics are broken: costs unchanged while BTC price is down 50%
Bitcoin mining economics are broken: costs unchanged while BTC price is down 50%
- Poolin filed bankruptcy with $173M in obligations; Mara sold $1.5B BTC to cut convertible debt 30%.
- Miners are pivoting capacity to AI/data centers — rational capital reallocation, but signals sector stress.
Strategy bought back STRK preferred shares below $100, reducing future dividend costs
Strategy bought back STRK preferred shares below $100, reducing future dividend costs
- Repurchased 288,000+ STRK shares at avg $86.52 for $25M under its new digital credit framework.
- Cash reserve boosted to $3.75B — over two years of dividend coverage, signaling balance sheet discipline.
84% of Bitcoin's circulating supply held by long-term holders — an all-time high
84% of Bitcoin's circulating supply held by long-term holders — an all-time high
- Check on Chain data cited; River calls Bitcoin conviction at an all-time high.
- Prior cycles show Bitcoin bottomed ~384 days post-peak on average, pointing to late October as a potential low.
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In this episode
- 1mBear Market Business Casualties
- 2mBitcoin Miners Pivot to AI
- 3mBear Market Cycle Patterns and Holder Conviction
- 4mLedin Sponsorship
- 4mAI Agents Transacting in Bitcoin
- 5mBitcoin Security Consortium and Quantum Preparedness
- 7mStrategy's Bear Market Capital Management
“84% of Bitcoin's circulating supply is now held by long term holders, which is at an all time high.”
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