BlackRock sold approximately $430 million worth of the leading cryptocurrency, while Strategy purchased around $75 million.

Outflows from BTC ETFs continued for the third consecutive day, while inflows into ETH ETFs have been growing for the 11th day in a row.

Strategy announced the issuance of 2.5 million Series A preferred shares to aggressively increase its Bitcoin reserves.

Asset management company BlackRock, which issues the BTC ETF under the ticker IBIT, reduced its Bitcoin position by roughly $430 million. This sale was partially offset by Strategy’s purchase of 705 BTC (approximately $75 million), according to Arkham Intelligence.

Experts reminded that BlackRock holds coins valued at $68.9 billion, while Michael Saylor’s corporation holds $60.59 billion.

Before the transaction recorded by Arkham Intelligence, the IBIT fund had seen inflows for 34 consecutive days.

BTC ETFs
On June 2, net outflows from BTC ETFs continued for the third consecutive day, totaling $267.5 million.

Total inflows decreased to $44.1 billion. AUM dropped to $125.47 billion.

ETH ETFs
On June 2, net inflows into spot ETH ETFs amounted to $78.17 million. The positive trend continued for the 11th consecutive day.

Total inflows increased to $3.12 billion. AUM reached $9.37 billion.

Strategy
On June 2, Strategy announced the issuance of 2.5 million Series A preferred shares with a non-cumulative dividend yield of 10% per annum. The funds raised will be used to purchase the leading cryptocurrency.

The securities will be named Stride (STRD).

Previous preferred share issues were named Strike (STRK) and Strife (STRF). Strife shares (STRF) offer a dividend yield of 13% per annum, while Strike shares (STRK) offer 10% per annum.

Strategy reserved the right to repurchase all STRD shares at any time for cash if the total number of outstanding shares falls below 25% of the total issued shares of this series across all issuances.

The company also cited “certain tax events” as another condition for this right.

Since the last purchase of digital gold, the return on coins held on the balance sheet has been 16.9% year-to-date, against a target of 25%.

Jess Myers from Moon predicted that the share of Bitcoin on the balance sheets of public organizations will rise to 50% by 2045.

According to Bitwise, by the end of 2026, institutional holders—including governments and corporations—will hold 20% of the total Bitcoin supply (about 4.2 million BTC).

Bernstein forecasted that corporate Bitcoin reserves will grow to $330 billion by 2029.

Recall that a user named Lowstrife expressed concerns that such large-scale accumulation of digital gold by Strategy could eventually lead to the "collapse" of the entire structure.

Earlier, Arkham specialists tracked 87% of Strategy’s Bitcoin holdings.