Bitcoin Falls Below $61,500 After Strategy BTC Sale As MSTR Jumps 8%

Bitcoin fell to about $61,500 Monday after Strategy sold 3,588 BTC to fund preferred dividends, adding fresh supply pressure to a market already struggling to hold the $63,000 area.

BTC recently traded near $61,481, down 1.84% on the day, after touching an intraday high of $63,874. The move erased the latest reclaim attempt and pushed Bitcoin back toward the lower end of its short-term range.

Strategy’s sale covered quarterly dividends on STRF, STRE, STRK and STRD, plus the June monthly dividend on STRC. The company did not sell shares through its at-the-market programs or repurchase common or preferred stock during the June 29 to July 5 period.

The transaction put Strategy’s capital framework back into the Bitcoin tape. JPMorgan had already warned that the company’s Bitcoin sales policy introduced two-way market risk by allowing BTC monetization for dividends, interest expense, reserve funding and securities repurchases.

MSTR Rallies Against BTC Weakness

Strategy’s stock moved the other way. MSTR traded at $100.77, up 7.87% on the session, after investors treated the Bitcoin sale as planned dividend funding rather than a forced treasury unwind.

The stock rally followed the company’s sale disclosure and a separate market reaction piece showing MSTR jumping 8% even as Bitcoin weakened. That split kept the trade focused on capital management, dividend coverage and whether Strategy can support its preferred-stock complex without issuing more common shares.

MSTR has been under pressure during Bitcoin’s drawdown because the company now carries recurring obligations tied to STRC and its other preferred securities. Monday’s move showed traders giving more weight to the absence of ATM issuance than to the BTC sale itself.

Treasury Headlines Keep BTC Near Support

The 3,588 BTC sale was materially larger than Strategy’s first 2026 disposal, when the company sold 32 BTC for about $2.5 million to fund preferred distributions.