1) A large purchase of BTC May29 75k Puts in isolation is a signal, but should not induce unease.
But add a simultaneous outisized purchase of ETH May29 2100 Puts and alarm bells might ring.
Net $500m notional, $6.5m premium, executed within a brief period as Spot neared lows.🧵

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Circle is the stock I follow most closely, and I've always believed that only those with expertise in other fields can truly understand this company. I've written a lot about it, but the most impressive investor in my opinion is Cathie Wood. Her operations on this stock are textbook examples: from "buying at the open," to "selling at the high," and then "buying back at the low," she made hundreds of millions of dollars in profit.
Interestingly, she's not a swing trader; she's the type who looks at the long-term narrative and holds positions for the very long term, ignoring fluctuations. But her actions with this particular stock make me think she only very clearly grasped short-term volatility—...

A recap of Cathie Wood amazing moves on Circle

Key Takeaways

- Strategy Inc. (NASDAQ: MSTR) deposited 411.48 BTC (approximately $30.3 million) into Coinbase Prime on May 29, 2026, marking the company's first such exchange transfer in nearly two years.

- Transfers to exchanges do not constitute a completed sale; institutional holders typically move Bitcoin for custody adjustments, collateral management, or OTC settlement.

- The transfer amount is less than 0.... of Strategy's total holdings (approximately 843,738 BTC as of mid-May 2026).

After MSTR broke its promise of "never selling BTC", is it a cause for panic or opportunity?

Less than a year after entering the market, French semiconductor company Sequans liquidated its Bitcoin reserves and announced a return to its core semiconductor business.