MicroStrategy Shares Down 1.5% as Bitcoin Hits Four-Month Low at $61,311
MSTR•Bitcoin plunged to a near four-month trough of $61,311 before rebounding to $62,580.4, leaving prices about 50% below last October’s record high. MicroStrategy shares slid 1.5% after the company executed its first Bitcoin sale in almost four years while institutional ETF outflows totaled $3.7 billion over three weeks.
1. Bitcoin Declines to Near Four-Month Low
Bitcoin dropped to $61,311 before recovering to $62,580.4, marking a roughly 50% decline from its October record high and intensifying pressure on crypto-related equities.
2. Institutional ETF Outflows Accelerate
U.S. spot Bitcoin ETFs saw net redemptions of about $396 million in a single day and $3.7 billion over three weeks, as investors rotated into other risk assets.
3. MicroStrategy Executes First Bitcoin Sale
MicroStrategy sold a portion of its Bitcoin holdings for the first time in nearly four years, reflecting a shift in its treasury strategy that had relied on continuous accumulation.
4. MicroStrategy Shares React in Premarket Trading
The company’s shares fell approximately 1.5% in premarket trading, underperforming broader markets as investors weighed the impact of the Bitcoin sale and ongoing institutional selling.
