Crypto Daily | BTC Slides Below $76,000 After $1.3B BlackRock ETF Dark Pool Sale; Strategy Completes $1.5 Billion Debt Repurchase; Bitmine Buys 111,942 ETH

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Bitcoin fell below $76,000 on Tuesday, after a massive $1.3 billion trade of BlackRock's iShares Bitcoin Trust ETF (IBIT) shares on a dark pool. The transaction, one of the largest institutional block trades ever for a Bitcoin ETF, rippled across the market, underscoring the growing influence of institutional trading on crypto prices.

The trade occurred at 2:30 PM UTC when an unknown institutional party sold 29.2 million IBIT shares at $43.16 each, according to data shared by Bloomberg ETF analyst Eric Balchunas. Dark pools—private trading venues used to execute large transactions discreetly—are popular among institutions to minimize market impact. However, the sheer size of this trade was enough to push Bitcoin from $77,875 to $76,720 in just 10 minutes. By the end of the day, BTC hit a 24-hour low of $75,600.

Strategy Completes $1.5 Billion Debt Repurchase and achieves BTC Yield of 13.3% YTD; Now Holds 843,738 BTC

Strategy Inc announced the completion of a series of capital-markets and bitcoin transactions executed over the period May 11-25, 2026. These transactions include the previously disclosed repurchase of $1.5 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 (2029 Notes), the use of cash reserves for this purpose, and sales of Digital Equity and Digital Credit (STRC) under Strategy's at-the-market offering programs.

At the conclusion of these transactions, as of May 25, 2026, Strategy holds 843,738 bitcoin, has 220,900 Bitcoin Per Share (in sats), has $6.7 billion aggregate principal amount of convertible notes and $15.5 billion aggregate notional amount of preferred stock outstanding, and has a USD Reserve of $871 million. Strategy plans to replenish the USD Reserve over time based on market conditions.

Bitmine Buys 111,942 ETH As Tom Lee Targets 5% Ethereum Supply Share In 2026

BitMine Immersion Technologies Inc. purchased 111,942 Ethereum, saying the recent pullback is an attractive opportunity.

Bitmine's Ethereum holdings climbed to 5.39 million ETH, worth $11.5 billion, giving the company control of roughly 4.47% of Ethereum's total circulating supply.

The firm said its combined crypto, cash and "moonshot" investments now total $12.3 billion.

The company added 111,942 ETH over the past week, continuing what Chairman Tom Lee called an aggressive accumulation strategy.

Ethereum Firm Sharplink, Solana Treasury Forward Industries Joining Russell 2000, 3000 Indexes

Publicly traded Ethereum treasury firm SharpLink Gaming will join the Russell 2000 and 3000 indexes when their semiannual restructure goes into effect on June 29, the firm announced on Tuesday.

The firm’s index inclusion follows that of peer and rival Ethereum treasury firm BitMine Immersion Technologies, which will also be included in the Russell 1000 index—which tracks America’s top 1,000 companies by market cap.

Bitcoin Volatility Hits Nine-Month Low as Crypto Takes Breather

Bitcoin’s expected volatility has fallen to the lowest level in nine months, as subdued trading and a shift in speculative interest away from the largest cryptocurrency dampen demand for options protection.

The Bitcoin Volmex Implied Volatility Index fell to 36.11 Monday in Singapore, its lowest since September last year and close to its lowest since 2023. The index reflects the market’s expected 30-day volatility in Bitcoin, derived from real-time crypto options prices.

CLARITY Act Odds Just Crashed From 75% to 50% in One Week

Prediction market odds on the CLARITY Act passing before 2027 collapsed from nearly 75% to 50% in a single week.

Traders are pricing in a compressed Senate calendar, unresolved yield-bearing stablecoin disputes, and the kind of banking lobby friction that has repeatedly stalled stablecoin regulation at the floor stage. The window for passage before August now sits at 37%-and before July, just 14%.

The Kalshi and Polymarket signals are telling different stories right now, and the divergence matters. Kalshi’s pre-2027 contract cratered to 50%; Polymarket’s 2026 passage contract is currently trading at 60%-up 16% over the prior month-suggesting retail prediction market participants are structurally more optimistic than the Kalshi positioning implies.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Tuesday was $333.71 million. The total net asset value of Bitcoin spot ETFs is $98.40 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.45%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net outflow on May 26 was iShares Bitcoin Trust (IBIT), with a net outflow of $192.44 million, according to SoSoValue.