Strategy BTC Sale Continues to Weigh on Prices -- Market Talk

Dow Jones00:46

1246 ET - The confirmation of Strategy selling 32 BTC remains a pressure point for bitcoin prices-- even if that's only a tiny fraction of the BTC stockpile held by the company. Strategy still has over 843,000 BTC, far surpassing the 43,000+ BTC held by the next largest stockpiler Twenty One Capital, according to data from CoinMarketCap. Even so, the sale has investors nervous. "The shift in approach from one of the world's largest BTC holders has weighed on market sentiment," says Zach Pandl of Grayscale Research in a note. Strategy head Michael Saylor has advocated for aggressively buying bitcoin and holding onto it. Bitcoin is down 1.8% to $63,790 this afternoon. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 12:46 ET (16:46 GMT)

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