Bitcoin slid into the mid-$67,000s on Tuesday, shedding more than 11% over the past week and crashing below $67,000 for the first time since early April. The selloff came as Strategy (MSTR) sold 32 Bitcoin — its first net reduction in holdings through a standalone regulatory disclosure since December 2022 — while Strive, Inc. disclosed a fresh $185 million BTC purchase and U.S. spot Bitcoin ETFs logged their 11th straight day of outflows. Geopolitical jitters from Iran suspending nuclear talks with the U.S. added to the risk-off tone.
Strategy's rare sale
The 32 Bitcoin sold between May 26 and May 31 brought in about $2.5 million at an average of $77,135 per coin, according to the company's regulatory filing. Strategy used the proceeds to fund distributions on STRC, its perpetual preferred stock that carries an 11.5% annual variable dividend. The sale represents just 0.004% of Strategy's total 843,706 BTC treasury, which was assembled at an average purchase price of $75,699 per coin. Strategy shares tumbled 9.15% on Tuesday to $136.08, near their 52-week low of $104.16. Coinbase Global (COIN) fell 4.23% to $173.74.
Strive doubles down
Strive, Inc. (ASST) disclosed in an SEC Form 8-K on June 2 that it acquired 2,500 Bitcoin for roughly $185.2 million at an average price of $74,092 per coin. The purchase pushes its total BTC holdings to 19,000 Bitcoin, placing it among the top ten publicly traded corporate Bitcoin holders globally. Strive also outlined plans to expand its at-the-market fundraising programs by $4.2 billion — split evenly between common stock and additional SATA preferred shares — to fuel continued Bitcoin accumulation. Despite the news, Strive stock dropped 6.23% to $16.10.
ETF exodus continues
U.S. spot Bitcoin ETFs recorded approximately $3.45 billion in net withdrawals across 11 straight trading sessions through late May, the largest monthly ETF exodus of 2026. A single session logged $484 million in redemptions. The relentless outflows underscore the selling pressure on Bitcoin, which has now tumbled more than 46% from its October peak above $126,000.
Geopolitical overhang
Iran suspended nuclear negotiations with the U.S. after Israel escalated operations in Lebanon, pushing a risk-off tone into global markets. Meanwhile, Mt.Gox moved 10,422 Bitcoin — worth roughly $739 million — on June 2, its largest on-chain movement in months, with 10,306 BTC going to a new address. The long-dormant exchange's distributions have historically weighed on sentiment.
Bitcoin sat in the mid-$67,000s at writing. The ETF outflow streak shows no sign of breaking yet, and the next concrete test for the market may come when Strategy's second-quarter earnings land next month.
