Odaily Planet Daily reports that BitcoinTreasuries.NET published an article on the X platform stating that Strategy CEO Phong Le said, "The week we sold $2 million worth of Bitcoin, Bitcoin fell 4%; the following week it fell 11%. A month later, we sold $216 million worth of Bitcoin; that week Bitcoin rose 6%." Strategy's Bitcoin sales did not affect the market.

Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that Luke Dashjr said the developer meeting was "going well" and the relevant plans are progressing, including a proposed hard fork to change Bitcoin's Proof-of-Work algorithm. Developers are expected to announce the selected hash algorithm tomorrow and enable RTDS from the first block. Block size reduction and replay protection are also under discussion. This news comes amid reports that Dashjr is no longer a licensed user of the BIP content repository. If implemented, the Proof-of-Work algorithm change will create an independent blockchain, essentially forming a new altcoin, with existing BTC holders receiving tokens on the forked chain.

Harry Yeh, founder and managing partner of Quantum Fintech Group, an investment firm focusing on the Fanton ecosystem and managing over $2 billion in assets, was found dead in Paraguay on Friday. He fell from the 30th floor of the Jade Park building in Asunción, a vertical drop of over 100 meters. When police arrived at the scene, they found Yeh naked and covered with a black bag; the door to his apartment was open, and items were scattered inside. Police stated that the investigation is still in its early stages, the cause of the fall is unclear, and they have analyzed building surveillance footage and arranged for an autopsy and forensic examination. (Bitcoin.com News)

Odaily Planet Daily reports that Strategy, a digital asset and business software company, currently holds $4.75 billion in cash. CEO Phong Le stated that this amount can cover approximately 2.7 years of dividend payouts. Le noted that institutional investors and those investing short-term funds in Strategy products prioritize cash liquidity. Strategy has launched preferred stock products such as STRC, providing options for investors seeking Bitcoin-related returns and looking to reduce volatility. Strategy holds approximately 840,000 Bitcoins, representing about 4% of the eventual total supply of 21 million Bitcoins. Le stated that the company is expanding from simply buying and holding Bitcoin to becoming a digital financial platform operating around Bitcoin. Strategy's software business remains part of its plans. The company's software revenue grew 7% year-over-year, and cloud subscription revenue grew 54%; its approximately 1,500 employees cover roles such as lawyers, finance professionals, AI engineers, developers, and marketers. (CoinDesk)

Odaily Planet Daily reports that a Bitcoin address dormant for approximately 12.5 years transferred 26.96 BTC in block 961845 at 07:03 UTC on August 10th. The address begins with "14vMEC". This address first received Bitcoin on January 31, 2014, and had not transferred any since. Cryptocurrency research firm Galaxy Research stated that the address's average cost per unit was approximately $803, with a potential profit of approximately $1.73 million, representing a return of approximately 7975%. This transfer only indicates that the assets have been moved to a new address and cannot confirm that they have entered the market. This is the second instance this month of an old coin resurfacing. On August 6th, an address dormant since 2011 transferred 49.97 BTC, holding the assets for over 14 years. (Decrypt)