Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense
Arca is blaming Strategy’s sale of 32 BTC for last week’s BTC crash, not AI capital rotation, as Strategy’s Saylor claimed.
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Arca is blaming Strategy’s sale of 32 BTC for last week’s BTC crash, not AI capital rotation, as Strategy’s Saylor claimed.
Jiang Zhuoer of BTC.TOP called the week’s sell-off speculation overblown, arguing Strategy’s small debt and the design of its preferred shares let it keep buying.
The firm’s executive chairman posted a familiar chart with Strategy’s previous BTC purchases writing “a good time to add more dots.”
Mati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin. Meanwhile, Jack Mallers refrained from sharing an outlook but recommended buying the dip.
Bitcoin’s recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor’s bitcoin sales, according to Charles Schwab’s Jim Ferraioli.
Strategy’s bitcoin sale may have rattled markets, but the bigger issue is missing demand from new buyers, Citi said.
U.S. spot bitcoin funds bled cash for 11 straight sessions through Monday, the longest redemption streak since their 2024 launch, as risk dollars rotated toward an AI-led equities rally.
A $79 million market hinges not on whether Michael Saylor’s firm sold bitcoin, but on whether a sale disclosed June 1 can count toward a deadline that passed May 31.
With Strategy breaking its accumulation streak and many peers stepping aside, the list of active digital asset treasuries has narrowed considerably.
Michael Saylor’s Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago.