Bitcoin Falls Near $61K as Saylor Attributes Drop to Structural Capital Rotation Into AI

BTC-5.85%
According to Michael Saylor's recent comments on X, Bitcoin's slide toward $61,000 reflects a structural capital rotation by institutions into artificial intelligence infrastructure rather than fundamental weakness. Over the past six months, the global AI buildout has absorbed roughly $400 billion in funding, while spot Bitcoin ETFs posted net outflows of approximately $4 billion since mid-May, creating localized selling pressure. Concurrently, MicroStrategy disclosed in a Form 8-K filing that it liquidated 32 Bitcoin to raise $2.5 million in cash for dividend obligations on preferred equity shares. The company simultaneously repurchased $1.5 billion of its outstanding convertible notes at an 8 percent discount, effectively removing $120 million in debt while maintaining an $871 million cash reserve buffer.
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