Strategy Hit $11B Loss as Bitcoin Plunges to $62K

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Strategy Hit $11B Loss as Bitcoin Plunges to $62K — Image source: Unblock Media

Strategy’s first Bitcoin sale in years breaks “never sell” pledge, triggers record $11 billion paper loss.
Bitcoin and related stocks suffer sharp declines, shaking investor confidence across markets.

On June 4, 2026, CoinDesk reported that Strategy’s unexpected sale of 32 Bitcoin triggered a record $11 billion paper loss as Bitcoin crashed below $62,000. The company, formerly known as MicroStrategy, disclosed on June 4 its first sale since December 2022, offloading 32 Bitcoin worth about $2.5 million between May 26 and May 31, marking a pivotal break from its “never sell” accumulation policy previously championed by Executive Chairman Michael Saylor.

Bloomberg reported on June 1, 2026, that Strategy’s tactical sale reflected new shareholder and balance sheet pressures, signaling a potential shift among formerly steadfast corporate holders toward liquidation and eroding confidence in Bitcoin as a treasury reserve asset.

Following the announcement, Bitcoin quickly dropped below $62,000. Sherwood News noted on June 4 that Bitcoin hovered around $61,351, while Strategy’s unrealized losses swelled to approximately $11 billion—a 17% decline on the company’s total Bitcoin holdings after six years of aggressive accumulation.

The fallout extended beyond Bitcoin. MSTR stock saw a 77% drawdown from its peak and an 18% drop in just one week, according to CoinDesk on June 2, 2026. Related funds (MSTU, MSTY, MSTX) experienced sharp sell-offs and heightened volatility.

Meanwhile, U.S. spot Bitcoin ETFs continued to post steady outflows. Axios reported a record $396.6 million exit on June 3, marking the 13th straight session of negative flows. Larger institutional wallets holding between 1,000 and 10,000 BTC have retreated since May, while equities like the Nasdaq 100 and S&P 500 rallied, underlining diverging risk appetites.

Renewed geopolitical tensions in the Middle East and weakening macroeconomic sentiment further dampened Bitcoin’s perceived stability as a corporate treasury asset. The symbolic nature of Strategy’s sale shattered market narratives about perpetual corporate accumulation, fueling fears of broader de-risking across company treasuries and contributing to increased Bitcoin volatility.

As of June 4, 2026, 15:09 UTC, Bitcoin (BTC) trades at $64,279.78, marking a 3.3% drop in 24-hour trading volume, according to CoinMarketCap.