Bitcoin Security and Corporate Selling in Focus

Cryptocurrency News

5 min read time

|Updated: 2026-08-03

Bitcoin Security and Corporate Selling in Focus

The crypto market on August 3 was shaped by security risks targeting hardware wallets and selling activity in corporate Bitcoin reserves. Reports of a possible new wave in the attack affecting Coldcard users raised concerns over personal custody security, while developments at Strategy and Trump Media showed corporate Bitcoin reserves being used under a more active capital management approach.

Market Context: Security Risk and Treasury Management Side by Side

The Coldcard attack apparently continuing with new transfers shows that security risks are not limited to one time incidents. Assets being drained from a large number of addresses within a short period show that recovery phrase protection and transaction monitoring play a critical role in personal custody security as hardware wallet safety itself.

On the other hand, Saylor denying Bitcoin selling claims shows that Strategy is maintaining its long term accumulation approach, while also shifting toward a more flexible model that can use reserves for financial obligations when needed. Trump Media continuing its sales shows that corporate reserves are being actively managed according to company needs. Overall, the picture points to sustained long term institutional interest in Bitcoin, even as security risks and rising sales continue to test market confidence.

Fourth Wave Suspected in Coldcard Attack

New findings suggest the attack targeting Coldcard hardware wallets may still be ongoing; Galaxy Digital Head of Research Alex Thorn said the rapid outflow of large amounts of Bitcoin from hundreds of addresses could point to an organized fourth wave.

According to Thorn's data, a total of 448.7 Bitcoin was moved from 709 different addresses to new wallets within roughly two hours; some similar transactions are reportedly still pending in the mempool, leaving affected users a limited window to broadcast a competing transfer with a higher fee to recover their funds.

The total amount compromised since the first attack on July 30 is estimated to have surpassed 1,367 Bitcoin, worth approximately $86.6 million.

Chain analyst Willy Woo estimated the odds of recovering the stolen assets at between 20 and 40 percent, noting that any recovery process could take years.

Overall, this development shows that the attack may not have been a single incident and that new waves of wallet draining could continue, while renewing the focus on hardware wallet security and recovery phrase protection for users relying on personal custody.

Saylor Denies $5 Billion Bitcoin Sale Claims

Strategy Executive Chairman Michael Saylor denied claims that the company was preparing to sell up to $5 billion in Bitcoin, saying the reports misread the capital plan announced on June 29.

The claims stemmed from the $5.01 billion in spending capacity set out under the company's new BTC monetization program; most of that amount was allocated to replenishing cash reserves, preferred and common share buybacks, and annual dividend and interest payments, and does not represent an automatic sale decision.

Strategy purchased 85,296 Bitcoin between April and June while selling only 1,395 Bitcoin, bringing its total reserve to approximately 846,000.

Saylor said the company has never had a formal never sell policy and expects to remain a net Bitcoin buyer over the long term.

Overall, this development shows that Strategy has not abandoned its Bitcoin strategy but has moved toward a more flexible capital management model, while the absence of new purchases over the past five weeks is prompting the market to watch closely for the balance between balance sheet management and its accumulation strategy.

Trump Media Sells 2,628 More Bitcoin

Trump Media & Technology Group, the parent company of Truth Social, reportedly sold 2,628 Bitcoin for approximately $165 million.

According to an analysis by Lookonchain based on Arkham data, a total of 2,627.9 Bitcoin was transferred from company linked wallets in two separate transactions.

The company's total sales over the past seven months reached 7,281 Bitcoin, reducing its reserves by 63 percent to 4,261 Bitcoin; the remaining holdings were valued at approximately $269.8 million at the time of reporting.

Sales came during a period when Trump linked crypto projects are being debated over ethics rules and potential conflicts of interest; current regulations do not require companies to sell their crypto holdings.

Overall, this development shows that Trump Media is significantly reducing its Bitcoin reserves in favor of a more flexible treasury approach, while the continuation of large scale sales raises questions about the company's long term Bitcoin strategy.

CoinTR Insight

Today's market picture shows security risks and corporate treasury management both standing out at once within the Bitcoin ecosystem. Findings suggesting the Coldcard attack could continue with a new wave bringing renewed attention to recovery phrase protection alongside device security in personal custody, while developments at Strategy and Trump Media show corporate reserves being managed just as actively, though through different approaches.

In this environment, CoinTR's deep liquidity structure and stable USDT/TRY trading flow offer users the ability to:

Closely track the market during periods when security driven developments affect sentiment,
Execute their trades efficiently during periods when movements in corporate Bitcoin reserves take center stage,
Maintain disciplined positioning during periods when market confidence is being tested.

As security risks persist and corporate reserves are managed more actively, access to liquidity and trade quality are becoming increasingly important for adapting to market conditions.

Forward Looking Assessment

In the short term, whether new transfers linked to the Coldcard attack continue and efforts to recover the stolen assets will be closely watched; further waves could weaken confidence in hardware wallet security.

Over the longer term, any transactions Strategy carried out under its BTC monetization program will test the balance between its accumulation strategy and financial obligations, while whether Trump Media continues reducing its reserves will be watched as a signal for corporate treasury trends; if security risks are brought under control and companies maintain their long term Bitcoin positions, market confidence could strengthen again.

2026-08-03

Legal Notice

The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.

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