Strategy Bitcoin Sale, Investor AI Pivot Send BTC and Altcoin Prices Tumbling

Strategy’s sale of 32 BTC kicked off a market-wide correction that resulted in nearly $5 billion in futures market liquidations toward the end of the week and a Bitcoin price correction to $59,500.

also saw $4.4 billion in outflows over the past two weeks. The weekly outflows sent year-to-date ETF netflows back into negative territory, while US stock markets and AI-connected assets hit record highs.

BTC spot ETF outflows top $4.33 billion. Source: Galaxy Research / X

The market’s reaction caught many off guard, especially considering that

the possibility of selling some Bitcoin (

) to fund investor dividends. During the Q1 earnings call on May 5 Saylor said,

“We’ll probably sell some bitcoin to fund a dividend just to inoculate the market, just to send the message that we did it.”

Taken in context, a 32 BTC sell to fund investor dividends and address the “will Strategy sell and what happens if they do” elephant in the room is insignificant. That is especially true compared against the company’s track record of selling BTC — something they only did once in the past 3 years — and the overall size of their 843,706 BTC corporate treasury.