Bitcoin-related stocks have remained under pressure this year as the world's largest cryptocurrency has plummeted 30% to around $60,000, down from all-time highs above $125,000 seen this past October.
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Bitcoin prices were down more than 4% to a new 52-week low. Shares of Strategy, Coinbase, and Robinhood drop.
Strategy's structure runs on Bitcoin, MSTR common stock, and STRC preferred, and right now all three are weakening at once.
STRC fell even lower Wednesday while MSTR bleeds. CryptoQuant says that Strategy needs to stop buying Bitcoin and start stacking cash.
Bitcoin fell below $60,000 Wednesday afternoon. The largest cryptocurrency recently traded around $59,700, its lowest intraday level since earlier this month, when Strategy, the bitcoin accumulation firm founded by Michael Saylor, said it had unloaded a portion of its massive holdings for the first time since late 2022.
Deutsche Bank says fading retail demand and AI investment competition are weighing on Bitcoin.

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MicroStrategy (NASDAQ:MSTR), now branded Strategy, is the most popular way retail traders own bitcoin without holding it directly. The pitch is simple: buying MSTR provides leveraged exposure to a balance sheet backed by 847,363 BTC as of June 2026. Holders pay no management fee, get equity-style liquidity, and ride the same coin the company keeps ... Stop Paying a 10% Premium for Bitcoin: Why IBIT Beats MSTR
The slide deepened a steep drawdown for the stock, which crypto key opinion leader Ted Pillows said had fallen roughly 81% from its peak, erasing about $153 billion in market value.
Bitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.
CryptoQuant says rebuilding cash reserves may be necessary as Strategy's Bitcoin losses reach $11 billion.
Strategy (MSTR) fell below $100 for the first time since March 2024 as Bitcoin dropped near $61,000. Here's how BTC weakness, STRC pressure, and Strategy's first Bitcoin sale in years combined to trigger the decline.
MicroStrategy stock trades below the value of its own Bitcoin near $104, yet money flow shows big buyers still refuse to step in.
Its main preferred stock has sold off hard, hoisting its effective interest rate over 13%. MSTR stock bears — and there are plenty — will point to these facts as evidence that Strategy is in distress and forced sales of bitcoin may be needed. Certainly, Strategy has significant financial flexibility if the bitcoin price stays fairly close to its current level, around $62,000.
(Bloomberg) -- Bitcoin spent years trying to shed its reputation as a playground for speculative retail traders. Its latest selloff is exposing the tradeoff: Wall Street brought scale and legitimacy, but the retail buyers who once helped absorb sharp declines have largely vanished.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock
CryptoQuant warns Strategy to stop buying Bitcoin. STRC's record-low price raises concerns about funding. Critics see broader risks for Bitcoin. Shares of Strategy remained under ...
Grayscale Head of Research Zach Pandl has publicly warned that Michael Saylor’s Strategy faces a structural $1.5 billion annual cash-flow problem driven by its swelling preferred-stock dividend obligations, not by Bitcoin’s price. The trigger for that warning: Strategy sold 32 BTC for approximately $2.5 million between May 26–31, 2026, its ...
Economist Peter Schiff warned of complacency among Bitcoin (CRYPTO: BTC) enthusiasts on Tuesday, pointing to Strategy Inc.’s (NASDAQ:MSTR) ongoing market struggles. Schiff Sounds Warning Bell Schiff said on X that the Michael Saylor-led company has collapsed nearly 80% from its all-time highs, with a 20% decline over the last five days. “The biggest Bitcoin owner and its bridge to Wall Street, is collapsing,” he added. The Bitcoin critic also pointed out problems with Strategy’s flagship offerin
(Bloomberg) -- Michael Saylor’s Bitcoin buying machine Strategy Inc. should stop purchasing the cryptocurrency if it wants to restore market confidence in its shares.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallyKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsSpaceX Falls for Third Day, Erases $600 Billion
Leading cryptocurrencies cracked alongside stocks on Tuesday, after a sharp decline in chip-related stocks cast doubts on the sustainability of the AI rally. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.01%$62,818.32Ethereum (CRYPTO: ETH) -3.58%$1,668.90XRP (CRYPTO: XRP) -1.98%$1.10Solana (CRYPTO: SOL) -2.83%$69.91Dogecoin (CRYPTO: DOGE) -4.24%$0.07900 Crypto Market Sinks Deeper Bitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls fail
CryptoQuant's MicroStrategy warning to pause Bitcoin buys lands after Strategy already began rebuilding its cash reserves.
Shares of Strategy, the bitcoin-accumulation firm founded by Michael Saylor, are on pace for their lowest close in more than two years. The stock fell 4.7% Tuesday afternoon and is down more than 30% this year.
Strategy’s largest preferred stock issue, STRC, has fallen well below its $100 target price as retail investors sell and concerns grow about how the company funds its dividend payments.
Bitcoin's price has recovered somewhat but remains near the same level it traded at five years ago while the S&P 500 has gained 62%. Continued ETF outflows and weakening demand suggest the crypto's challenges aren't over.

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Scott Melker discusses ethereum, BitMine Immersion Technologies, 401(k)s, Robinhood, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Strategy's $64B Bitcoin bet faces existential pressure at $50,000 per coin. Preferred dividends hit $800M yearly while cash reserves keep shrinking fast. Forced Bitcoin ...
Michael Saylor-led MicroStrategy (Nasdaq: MSTR), now Strategy, announced on June 22 that it bought 520 Bitcoin (BTC) for $35 million, sold $335.5 million worth of MSTR shares, and grew its U.S. dollar reserve by $300 million to $1.4 billion. Benchmark Equity ...
Two stocks chased the same Bitcoin boom from opposite angles, and a decade later their returns tell a story that might surprise anyone who assumed mining the coin beats holding it.
Strategy Inc. disclosed in a Form 8-K filed June 22, 2026, that it purchased 520 Bitcoin for $34.9 million between June 15 and June 21, funding the entire acquisition through sales of Class A common stock under its at-the-market (ATM) offering program, the third consecutive week in which no perpetual ...