Bitcoin slips 3.1% to $65,391 after $2.5M token sale rattles markets
KWM•Strategy Inc sold 32 Bitcoin tokens for $2.5 million from its 843,706-coin holding, triggering a 3.1% drop in Bitcoin to $65,391. The move erased about $160 billion in market value this week and widened Bitcoin’s divergence from the Nasdaq 100’s record-setting gains, potentially weighing on KWM’s crypto-related operations.
1. Strategy Inc’s Token Sale
Strategy Inc liquidated 32 Bitcoin tokens valued at $2.5 million from its 843,706-coin reserve, ending its long-standing ‘never sell’ policy and signaling a shift in sentiment.
2. Immediate Market Reaction
Bitcoin plunged as much as 3.1% to $65,391, deepening a slide that erased roughly $160 billion in market capitalization over the week.
3. Divergence from Technology Stocks
While Bitcoin fell 37% over the past 12 months and sits 48% below its peak, the Nasdaq 100 has risen 42%, highlighting a growing decoupling between crypto and tech equities.
4. Implications for KWM Operations
KWM’s crypto-related services and revenue streams may face pressure if investors continue reallocating capital from digital assets into AI-focused and technology stocks.
