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Bitcoin Falls Below $71,280 as Strategy Sells 32 BTC, Marking 50-Day Low

Stocks Price Volatility

2026-06-01 23:41:57

BTC-4.02%

According to CoinGecko data, Bitcoin fell below $71,280 on June 2 for the first time since April 13, marking a 50-day low. The decline follows Strategy's disclosure to the U.S. Securities and Exchange Commission (SEC) that the world's largest corporate BTC holder sold 32 Bitcoin between May 26-31 at an average price of approximately $77,135 per coin, totaling around $2.5 million. Strategy executives stated the sale was intended to fund dividend payments for the company's perpetual preferred stock (STRC) and manage taxes, while reaffirming the company's long-term net-buy strategy. This was Strategy's first Bitcoin sale since December 2022, when it disposed of 704 BTC.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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