Strategy Inc. Buys $101M Bitcoin After $2.5M Sale as BTC Drops 16%
STRC•Bitcoin plunged 16% last week to below $60,000—its lowest since October 2024 and over 50% below its record above $126,000. Strategy Inc. bought 1,550 Bitcoin for $101 million after selling $2.5 million, with $5.5 billion pulled from US spot Bitcoin ETFs in 13 days.
1. Bitcoin Price Collapse
Bitcoin slumped 16% over the past week to below $60,000, marking its lowest level since October 2024 and more than 50% down from last year's $126,000 peak.
2. Strategy Inc Adjusts Holdings
After divesting $2.5 million, Strategy Inc purchased 1,550 Bitcoin for approximately $101 million, signaling continued accumulation despite recent volatility.
3. ETF Outflows Intensify
Investors withdrew about $5.5 billion from US-listed spot Bitcoin ETFs over 13 consecutive trading days, reflecting diminished market confidence.
4. Technical Indicators Signal Risk
Bitcoin's breach of the 200-week moving average and weakening technical patterns suggest potential for further declines before a sustained recovery.
