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Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety

Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety
Bloomberg Markets Tuesday 30 June 2026, 17:24 UTC By Chloe Cresswell 1 min read
Key Points

Cryptocurrencies Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety Bitcoin tumbled more than 3% toward $58,000 on Tuesday as investors reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy Inc., raising fresh concerns that one of the cryptocurrency’s biggest buyers may no longer be a consistent source of demand. Strategy shares fell nearly 10% at one point, erasing most of Monday’s gains after the company unveiled a broad overhaul of the...

Cryptocurrencies Bitcoin Slides Below $60,000 as Strategy Selloff Refuels Anxiety Bitcoin tumbled more than 3% toward $58,000 on Tuesday as investors reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy Inc., raising fresh concerns that one of the cryptocurrency’s biggest buyers may no longer be a consistent source of demand. Strategy shares fell nearly 10% at one point, erasing most of Monday’s gains after the company unveiled a broad overhaul of the capital structure behind its Bitcoin strategy. While investors initially welcomed the prospect of stock buybacks and a larger cash reserve, the focus quickly shifted to its newfound flexibility to sell Bitcoin and prioritize balance-sheet management over relentless accumulation.
Bitcoin (ORG) Michael Saylor’s (PERSON) Strategy Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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