With Strategy breaking its accumulation streak and many peers stepping aside, the list of active digital asset treasuries has narrowed considerably.

Michael Saylor\\\'s Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago.

In a research post published Monday, Buterin proposed creating index-tracking assets using options contracts rather than the debt-based structures that underpin much of DeFi today.

Michael Saylor says Strategy aims to make STRC the world\\\'s best credit instrument after the company sold bitcoin to help fund preferred stock distributions

The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.

The 8-K filing by Strategy Monday disclosed sales for the period May 26 to May 31, but the disclosure was issued on June 1. Polymarket\\\'s May 31 contract is sitting at 81% Yes and in review, while bettors argue over whether the onchain transactions or the filing date controls.

Your day-ahead look for June 1, 2026

Binance Coin (BNB), up 7.9%, was also a top performer.

The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week\\\'s 112,000 ETH buying spree.

Crypto markets continue to struggle even as risk markets across the globe surge higher.

The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy\\\'s preferred stock.

The Cardano Foundation\\\'s flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain\\\'s new governance system.

The preferred stock remains near its $100 par value as the company balances yield stability, ATM issuance capacity, and its bitcoin acquisition strategy.

Bitcoin and software equities have sharply diverged after moving in lockstep for years, raising questions over whether bitcoin will eventually catch up.

Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns. U.S. equity index futures rose.