STRC Sells Bitcoin for First Time Since 2022 as BTC Hits $61K
STRC•STRC sold bitcoin for the first time since 2022, disposing of a small portion of its holdings and fueling speculation of additional sales. Bitcoin briefly dipped to $59,100 then rebounded above $61,300 as over $1.6 billion in leveraged positions were liquidated.
1. STRC's First Bitcoin Sale Since 2022
STRC disclosed it sold a small portion of its bitcoin holdings, marking its first divestment since 2022. The company did not specify the exact volume disposed but noted the move has sparked market speculation about potential further sales.
2. Bitcoin Price Volatility and Liquidations
Bitcoin fell to as low as $59,100, its weakest level of 2026, before rebounding above $61,300. The swings were driven by more than $1.6 billion in liquidations across leveraged positions as investors recalibrated interest rate expectations following strong US jobs figures.
3. ETF Outflows and Market Sentiment
U.S. spot Bitcoin ETFs have recorded significant outflows over the past two weeks, removing a key source of demand. Major altcoins including Ether, Solana, XRP, Dogecoin and BNB also posted double-digit losses, heightening concerns over mounting crypto market weakness and its impact on STRC's holdings.
4. Outlook and Key Support Levels
Market participants are eyeing the $60,000 support level; a sustained break below could trigger further downside while a successful defense may stabilize sentiment. Investors will closely monitor STRC's bitcoin strategy for signs of additional sales or increased accumulation.
