Bitcoin fell to the mid-$67,000s on Tuesday, dragging the entire universe of crypto-linked equities with it.
Bitcoin drain more than 11% over the past week, falling below $67,000 for the first time since early April, according to Bitcoin Magazine official data.
The decline hit crypto treasury stocks with full force. Strategy (NASDAQ: MSTR ) fell 9.15% on Tuesday, trading at $136.08 on the close, with a share low of $134.11 — dangerously close to its 52-week low of $104.16. Coinbase Global (NASDAQ: COIN) fell 4.23%, to $173.74.
And Strive, Inc. (NASDAQ: ASST), Vivek Ramaswamy’s bitcoin-founded company, fell 6.23% to $16.10 – even announcing it one of the strongest Bitcoin purchases of the year.
Option (MSTR) stops buying and selling 32 BTC
One of the initiatives this year was the SEC’s four-page filing. Between May 26 and May 31, Strategy to be sold 32 Bitcoin at a price of $2.5 million at an average of $77,135 per coin – the first download of the company in the bitcoin industry through regular disclosure since December 2022.
The proceeds went to an investment in STRC, Strategy’s perpetual dividend stock that has an 11.5% annual dividend.
Numbers are limited. Thirty-two coins represent 0.004% of Strategy’s 843,706 BTC treasury, collected at a purchase price of $75,699 per coin. The emotional toll, however, was severe. Strategy made its full statement on a “no sell” basis led by Executive Chairman Michael Saylor. That stand is now gone. MSTR stock is down about 15% since Friday.
Bitcoin price disappointing week
Trading Strategy has not reached a vacuum. US space Bitcoin ETFs recorded about $3.45 billion in withdrawals in 11 straight trading events through the end of May — the ETF’s largest monthly outflow for 2026, with one unit netting $484 million in redemptions.
Then Mt. Gox, the shelter of the Tokyo-based financial institution, moved 10,422 BTC – about $739 million – in a single transfer at 04:47 UTC on June 2, according to blockchain data from Arkham Intelligence.
In total, 10,306 BTC went to a new address with no previous transaction history. The transfer of the main symbol of goods on the supply chain in the months, until the lender’s repayment deadline approaches in October 2026. On-chain data did not show the immediate exchange inflows tied to the supply chain, but the automated trading system did the headline, starting liquidations that increase the price decrease.
Geopolitics added another weight. Iran to be suspended Nuclear talks with the US after Israel expanded operations in Lebanon, pushing international markets.
President Trump said negotiations were still moving “quickly” as he hammered out a cease-fire deal with Hezbollah, but the uncertainty was enough to stifle anything.
Try to buy it – I’m still broke
With that in mind, Strive did the math. The company to be revealed in the SEC Form 8-K on June 2 that he acquired 2,500 BTC for about $185.2 million at an average price of $74,092 per coin – the purchase was made in the weakness of bitcoin a.
The purchase brings Strive’s total holdings to 19,000 BTC, placing the Dallas-based company among the largest publicly traded Bitcoin holders in the world.
CEO Matt Cole, who was in charge of the history of $70 billion at CalPERS, has grown Strive’s Bitcoin stack from zero to 19,000 BTC in less than a year through a mix of valuable contributions and its various Perpetual Preferred Stock (SATA) changes.
So does the company he announced last week plans to expand its investment programs in the market by $ 4.2 billion – $ 2.1 billion in the group and $ 2.1 billion in additional shares preferred by SATA – to help continue the accumulation. In the same filing, Strive reported cash reserves of $137.3 million, an increase of $44 million, and an 18-month period.
Nothing was important to traders on Monday. ASST shares with everything else. Both MSTR and ASST now adopt a Treasury-style pricing model: when Bitcoin goes down, equities go down.
Bitcoin’s price hovered in the mid-$67,000s at the time of writing, down more than 46% from its October peak above $126,000.
