Bitcoin fell to the $67,000 level on Tuesday, dragging the entire ecosystem of cryptocurrency-related stocks with it.
Bitcoin It’s hard More than 11% over the past week, falling below $67,000 for the first time since early April, according to Bitcoin Magazine Pro data.
The decline hit crypto treasury stocks full force. Strategy (NASDAQ: MSTR ) fell 9.15% on Tuesday, trading at $136.08 at the close, with the session low of $134.11 — dangerously close to its 52-week floor of $104.16. Coinbase Global (NASDAQ: COIN) fell 4.23% to $173.74.
(NASDAQ: ASST), the Bitcoin treasury company founded by Vivek Ramaswamy, fell 6.23% to $16.10 – Despite the ad One of the boldest Bitcoin purchases of the year.
The strategy (MSTR) breaks out buying and selling 32 BTC
One spark this year was a four-page filing with the Securities and Exchange Commission. Between May 26 and May 31, strategy Sold 32 BTC for $2.5 million at an average of $77,135 per coin – the company’s first net reduction in Bitcoin holdings by an independent regulatory filing since December 2022.
The proceeds went toward funding distributions on STRC, Strategy’s perennial favorite stock that carries a variable annual dividend of 11.5%.
The numbers are small. Thirty-two coins represent 0.004% of Strategy’s treasury of 843,706 BTC, and were accumulated at an average purchase price of $75,699 per coin. But the psychological damage was severe. The strategy has built its entire stock story on the “never sell” stance championed by CEO Michael Saylor. This situation is now over. MSTR stock is down nearly 15% from Friday’s close.
A disappointing week for Bitcoin prices
The strategy’s sale did not occur in a vacuum. Bitcoin ETFs in the US registered Nearly $3.45 billion in net withdrawals across 11 consecutive trading sessions through late May – the largest monthly ETF exodus of 2026, with one session recording $484 million in redemptions.
Then, Mt.Gox, a long-dormant stock on the collapsed Tokyo Stock Exchange, transferred 10,422 bitcoins — worth roughly $739 million — in a single transfer at 04:47 UTC on June 2, according to blockchain data from Arkham Intelligence.
Of the total, 10,306 BTC went to a new address with no previous transaction history. The transfer represents the largest on-chain move of ownership in months, arriving as the October 2026 creditor payment deadline approaches. On-chain data showed there were no immediate exchange flows associated with the move, but automated trading systems reacted to the headline, triggering liquidations that amplified the price decline.
Geopolitics added another weight. Iran hanging Nuclear negotiations with the United States after Israel escalated its operations in Lebanon, bringing a risk-off tone to global markets.
President Trump claimed that talks were still moving at a “fast pace” while brokering a ceasefire understanding with Hezbollah, but the uncertainty was enough to quash any attempt.
Tried to buy – and still get crushed
Against this backdrop, Strife made a calculated move. Company It has been detected In an SEC Form 8-K on June 2, it acquired 2,500 bitcoins for approximately $185.2 million at an average price of $74,092 per coin — a purchase that led to bitcoin doubling.
The purchase brings Strive’s total holdings to 19,000 bitcoin, placing the Dallas-based company among the top ten publicly traded bitcoin holders in the world.
CEO Matt Cole, a former $70 billion portfolio manager at CalPERS, grew Strive’s Bitcoin stack from zero to 19,000 BTC in less than a year through a combination of equity offerings and its Series A variable-rate perpetual preferred shares (SATA).
The company too Announce Last week, it plans to expand its market fundraising programs by $4.2 billion — $2.1 billion in common stock and $2.1 billion in additional SATA preferred stock — to fund the continued accumulation. In the same filing, Strive reported cash reserves of $137.3 million, an increase of $44 million, with an 18-month profit reserve.
None of it mattered to sellers on Monday. ASST is involved with everything else. Both MSTR and ASST now internalize the structural cost of the treasury model: when Bitcoin falls, stocks fall even more.
Bitcoin’s price was at the mid-$67,000s at the time of writing, down more than 46% from its October peak above $126,000.
