Business news from Ukraine

Business news from Ukraine

Strategy Sold $216 Mln in Bitcoin for First Time Since 2020

According to Fixygen, the American company Strategy Inc. sold $216 million worth of Bitcoin, marking the company’s largest cryptocurrency sale since it began building its Bitcoin portfolio in 2020.

This is an important psychological signal for the crypto market. Strategy has long been viewed as one of Bitcoin’s leading corporate supporters and a role model for companies considering BTC as a reserve asset. Therefore, even a partial sale could heighten investors’ doubts about the sustainability of corporate demand for cryptocurrency.

According to the company, this is only its third Bitcoin sale since 2020. However, the scale of the transaction significantly exceeds previous ones, and the timing was chosen amid a weak market: on Monday, Bitcoin fell by 1.9% to $61,532, and has lost 30% of its value since the start of the year.

An additional negative factor was Strategy’s $8.32 billion loss on digital assets for April–June. This illustrates just how sensitive the company’s business model has become to Bitcoin’s revaluation and the crypto market’s decline.

Strategy’s stock fell 4.5% in pre-market trading on Monday. Since the beginning of the year, the company’s market capitalization has shrunk by nearly 34%—to $35.3 billion—while the Nasdaq Composite Index rose by more than 11% over the same period. This means that investors no longer view Strategy as a typical technology company, but rather as a high-risk proxy for Bitcoin.

For the crypto world, the main issue is not the amount of the sale itself, but the shift in perception. If a company that has spent years building an image as the largest corporate holder of BTC begins to sell the asset in significant volumes, the market may see this as a signal: even long-term institutional holders are forced to lock in liquidity or reduce risk.

In the short term, this could intensify pressure on Bitcoin and related stocks, especially if investors begin to anticipate further sales. More broadly, the Strategy case shows that corporate Bitcoin holdings remain not only an investment story but also a source of volatility for balance sheets, financial reporting, and the stock market.

The crypto market will now be watching not only the Bitcoin price and ETF flows but also whether Strategy continues its sales. If these turn out to be a one-time transaction, the impact may be limited. However, if the company begins to systematically reduce its position, it will be one of the most significant bearish signals for the market since 2020.

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National Police, Prosecutor’s Office, and Armed Forces of Ukraine Lead in Number of Crypto Declarations

According to data from Opendatabot, employees of the National Police, the Prosecutor’s Office, and service members of the Armed Forces of Ukraine filed the most cryptocurrency declarations for 2025.

The National Police remain in the lead: their employees filed 548 cryptocurrency declarations, accounting for 19.2% of all such declarations. Employees of the Prosecutor’s Office filed 358 declarations, or 12.5% of the total.

In third place are service members of the Armed Forces of Ukraine with 240 declarations, accounting for 8.4%. Next are representatives of the judicial system—223 declarations—followed by city councils—198—the State Emergency Service—107—the Security Service of Ukraine and the State Bureau of Investigation—107—regional councils—94—and the tax service—92. Another 894 declarations were filed by other agencies and institutions.

By region, the highest number of cryptocurrency declarations was filed in Kyiv—820. Second place goes to the Kyiv region with 277 declarations, and third to the Dnipropetrovsk region with 215. In the Kharkiv region, 200 such declarations were filed, and in the Lviv region, 174.

In total, Ukrainian officials filed 2,861 cryptocurrency declarations in 2025. This is 16% more than in 2024. At the same time, 265 declarations were submitted late—after April 1, 2026—and six cryptocurrency declarations were removed from public access.

The breakdown of crypto declarations shows that digital assets are increasingly appearing in asset disclosures from the security, law enforcement, and judicial sectors. This underscores the importance of financial monitoring, anti-corruption verification of the origin of funds, and the accurate valuation of crypto assets in these declarations.

A separate international analysis shows that Ukraine remains one of the world’s leading countries in terms of cryptocurrency adoption. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Chainalysis also notes that, when adjusted for population size, Ukraine ranks first in the world, ahead of Moldova, Georgia, Jordan, and Hong Kong.

Source: Opendatabot

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Khmelnytskyi District Council Member Declared Largest Bitcoin Portfolio Among Public Officials

According to data from Opendatabot, Oleksandr Kizlyar, a member of the Khmelnytskyi District Council, declared the largest Bitcoin portfolio among Ukrainian public officials for 2025.

His declaration lists 100 BTC, which as of June 10, 2026, was valued at 278.8 million UAH.

Second place in terms of the amount of declared Bitcoin went to Oleg Bondarenko, a member of the Ukrainian Parliament and chairman of the Verkhovna Rada Committee on Environmental Policy and Natural Resource Use. He declared 80 BTC worth approximately 223 млн грн.

In third place is Kristina Pavlova, a representative of the Department of Public Works and Infrastructure of the Dnipro City Council, who reported 20 BTC worth over 55.7 млн грн.

Kizlyar also topped the ranking of Ethereum holders among those who filed declarations. He declared 1,000 ETH worth nearly 74 million UAH. Second place in this category went to Kristina Pavlova with 130 ETH, valued at 9.6 million UAH. Third place went to Iryna Sukhovetruk, a representative of the Kyiv City Prosecutor’s Office, with 100 ETH worth approximately 7.4 million UAH.

The largest amount of Tether (USDT) was declared by Hanna Fazikosh, chair of the Zakarpattia Court of Appeals—over 1.019 million USDT, or nearly 46 million UAH. Second place went to Pavlo Shandra, a deputy of the Odesa Regional Council, with 719,000 USDT worth over 32.4 million UAH. Third place went to Maksym Kiselov, director of the Kyiv Research Institute of Forensic Expertise, who declared 647,000 USDT worth over 29.1 million UAH.

Among the 391 members of the Verkhovna Rada, 16 declared cryptocurrency holdings, or about 4%. Oleg Bondarenko declared the largest crypto portfolio among parliamentarians—80 BTC.

Data from Opendatabot shows that the largest crypto assets among Ukrainian officials are concentrated not only in central government bodies but also among local council members, representatives of the judicial system, the prosecutor’s office, and local self-government bodies.

In an international context, Ukraine ranks among the global top 10 in terms of cryptocurrency adoption. According to Chainalysis’ Global Crypto Adoption Index 2025, the top ten spots are held by India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the world by the overall index and 1st by the population-adjusted metric.

Source: Opendatabot

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Number of Cryptocurrency Declarations in Ukraine Rose by 16%

Ukrainian officials filed 2,861 cryptocurrency declarations for 2025, which is 16% more than in 2024, according to Opendatabot data based on the Unified State Register of Declarations.

In total, declarants filed 654,159 declarations last year. In 2024, the number of cryptocurrency declarations was 2,468; in 2023, 1,921; in 2022, 1,481; and in 2021, 961. Thus, compared to 2021—before the war—the number of crypto tax returns has nearly tripled.

At the same time, 265 tax returns involving cryptocurrency for 2025 were filed late—after April 1, 2026. Another six declarations containing information on cryptocurrency were restricted from public access.

Representatives of the National Police are the most active in declaring digital assets. They filed 548 declarations involving cryptocurrency, or 19.2% of the total number of such declarations. Next are employees of the Prosecutor’s Office—358 declarations, military personnel of the Armed Forces of Ukraine—240, representatives of the judicial system—223, and city council employees—198.

Geographically, Kyiv leads the way, with 820 declarations containing cryptocurrency information filed there. Next are Kyiv Oblast—277 declarations, Dnipropetrovsk Oblast—215, Kharkiv Oblast—200, and Lviv Oblast—174.

Opendatabot does not provide the total value of all declared crypto assets, but some of the largest holdings are estimated at tens and hundreds of millions of hryvnias. In particular, the largest declared Bitcoin portfolio among officials for 2025 amounts to 100 BTC, which was valued at 278.8 million hryvnias as of June 10, 2026.

The increase in the number of declarations involving cryptocurrency indicates that digital assets have become a significant part of Ukrainian officials’ asset declarations. At the same time, this creates an additional need to verify the origin of such assets, the accuracy of their valuation, and the transparency of their declaration.

In the international context, Ukraine remains one of the world’s most active cryptocurrency markets. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries by cryptocurrency adoption are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the overall ranking and 1st when adjusted for population size.

Source: Opendatabot

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European Commission proposes new sanctions against Russia in areas of finance and cryptocurrencies

The European Commission proposes new sanctions against Russia in the areas of finance and cryptocurrencies: for the first time, a complete ban on crypto-asset services in third countries is being proposed, and new banks have been added to the list.

European Commission President Ursula von der Leyen announced this on Tuesday in Brussels while unveiling the 21st package of sanctions against Russia.

“My second point concerns financial and cryptocurrency restrictions. We are expanding our banking transactions to include 31 Russian banks and up to 20 crypto firms or platforms and oil traders in third countries that have served Russian organizations and individuals subject to sanctions or circumvented our measures,” she said.

It is also proposed to impose a complete ban on crypto-asset services in third countries. “This will be a powerful deterrent for hosting platforms in countries that help Russia circumvent our sanctions,” von der Leyen emphasized.

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Cryptocurrency exchange Coinbase reported net loss in first quarter due to decline in cryptocurrency values

According to Fixygen, Coinbase Global, the operator of the largest cryptocurrency exchange in the U.S., reported a net loss in the first quarter of 2026 due to a decline in the value of its digital currency assets.

According to the company’s press release, the net loss for January–March was $394.1 million, or $1.49 per share, compared to a profit of $65.6 million, or $0.24 per share, for the same period the previous year.

The figure includes a $482.4 million decline in the value of the company’s cryptocurrency holdings.

Coinbase’s quarterly revenue fell to $1.41 billion from $2.03 billion a year earlier. Analysts surveyed by FactSet had forecast revenue of $1.49 billion on average.

The company’s revenue from transaction fees in the past quarter was $755.8 million, compared to a forecast of $805.2 million. Revenue from subscription sales was $583.5 million, instead of the expected $619.3 million.

Coinbase shares fell 4.6% in after-hours trading on Thursday. Since the start of this year, the company’s market capitalization has dropped by nearly 15%, to $52.28 billion.

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