Live BTC price: Bitcoin drops under $63,000 as Strategy adds $100 million BTC
Meanwhile, Strive bought 32 bitcoin, the same number Strategy dumped last week.
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Meanwhile, Strive bought 32 bitcoin, the same number Strategy dumped last week.
Live BTC price: Bitcoin drops under $63,000 as Strategy adds $100 million BTC
8:10 p.m., June 8
Stephen Alpher
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Crypto eases along with stocks into the close
Risk assets broadly bounced on Monday following Friday's shellacking, but slipped from session highs during afternoon hours.
After climbing past $64,000 in the morning, bitcoin (BTC) was trading at $63,300, or up 3% over the past 24 hours, as U.S. stocks closed for the day. Ether (ETH), solana (SOL), and XRP (XRP) gained 4%-6%.
The Nasdaq closed higher by 1.6% after being up closer to 2.5% earlier in the session. The S&P 500 managed just a 0.3% gain.
Michael Saylor's Strategy (MSTR), which last week helped set off the cascade lower in crypto prices after announcing a small sale of bitcoin, gained 5.6% Monday after
announcing the purchase
of 1,550 bitcoin.
It's high-yielding preferred series, STRC, which plunged to as low as $91 last week, rebounded back to $96.85.
7:26 p.m., June 8
Stephen Alpher
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Peeking in on El Salvador
El Salvador doesn't make the news much lately regarding its bitcoin holdings, but a check with
the country's Bitcoin Office
shows it's continuing to stack.
Adding at least one bitcoin per day as promised long ago by President Nayib Bukele, El Salvador now holds 7,676.37 BTC worth about $487 million.
The value of the country's holdings peaked last October at just shy of $800 million, when the country held just 6,342 coins, but the price of BTC was $126,000.
5:55 p.m., June 8
Stephen Alpher
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'I'm becoming Texan': Galaxy Digital surges 25% after Novo's data center update
Crypto stocks as a group are bouncing on Monday, though — for the most part — only recovering a fraction of last week's major losses.
Not so for Galaxy Digital (GLXY), which is ahead 25.5% and now actually higher over the past five sessions.
"Galaxy now, we are building what will be the largest single-campus data center in America,"
said CEO Mike Novogratz
over the weekend. "We've already leased out half of that ... By summer's end, we will have leased out the full 1.6 gigawatts."
The data center business, said Novogratz, is more than half the value of Galaxy Digital today, and it's about the only part the investor community is interesting in. "I'm becoming Texan," said Novogratz.
5:25 p.m., June 8
Krisztian Sandor
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Nice bounce, but too early to call it a bottom
Bitcoin is now up more than 7% from the Friday lows and back above its 200-day moving average, but analysts urged caution to rush back into the market.
"The rebound is a relief move around a major long-term level, not yet a confirmed turn," said Adam Haeems, head of asset management of Tesseract Group. "The latest ETF print was still negative, and the Federal Reserve meets on 16-17 June."
"Before calling this a recovery, we would want flows turning repeatedly positive by the next weekly close," he added. 10xResearch's Markus Thielen
echoed
that advice, urging investors to keep an eye on ETF flows. He said to expect a bounce from the lows, but Wednesday's U.S. Consumer Price Index (CPI) inflation data for May will be the key test of whether the recovery is sustainable.
He said that higher-than-expected inflation data could add to concerns that the Fed might consider hiking interest rates.
"Until CPI clears, the risk/reward does not favor new longs," he wrote.
4:35 p.m., June 8
Helene Braun
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Strategy's latest bitcoin buy reinforces long-term accumulation plan, TD Cowen says
TD Cowen analyst Lance Vitanza said Strategy's (MSTR) latest bitcoin (BTC) purchase reinforces the firm's view that the company's recent bitcoin sales were tactical moves rather than a sign of any change in its long-term accumulation strategy.
Earlier today, MSTR reported it
purchased 1,550 BTC
for roughly $101 million during the week ended June 7, funded by approximately $181 million raised through sales of MSTR shares under its at-the-market (ATM) equity program. The acquisition increased the firm's holdings to 845,256 BTC, while the company still has about $26 billion of remaining ATM capacity available for future fundraising.
Vitanza said the transaction supports TD Cowen's interpretation of a small 32 BTC sale disclosed last week, which had sparked speculation that Strategy might be changing course. He argued the sale was economically insignificant and likely related to tax considerations, noting that the company remains a "disciplined net accumulator" of bitcoin.
Last week's purchase demonstrates Strategy's established model of raising capital through equity issuance and redeploying the proceeds into additional bitcoin, Vitanza said, adding that recent transactions show the company has the flexibility to sell small amounts of bitcoin at higher prices and later acquire larger amounts at lower prices. TD Cowen maintained its $400 price target on the stock.
4:01 p.m., June 8
Krisztian Sandor
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Galaxy, BitGo lead crypto stock rebound as bitcoin tops $64,000
The Monday bounce across risk assets continues into the afternoon hours of the U.S. session.
Leading gains among digital asset stocks are crypto investment firm Galaxy Digital and custodian BitGo, which rebounded 22% and 18%, respectively, during the day. Crypto exchange Coinbase (COIN) was 6.4% higher, while Ethereum treasury firm Bitmine (BMNR) advanced 7.7%.
Strategy's common stock (MSTR) climbed more than 6%, while its STRC preferred equity class bounced above $97 from Friday's panicky low but still shy of its $100 par value. It appears the market welcomes the morning news of the firm boosting its cash buffer to $1 billion, additional BTC purchase and approving bi-monthly dividend payments for STRC holders.
Meanwhile, the Nasdaq 100 and S&P 500 are up 2.4% and 1%, respectively.
A midday check on crypto markets showed bitcoin (BTC) climbing to $64,175 before slightly retreating, advancing 3% over the past 24 hours, with ether (ETH) nearing $1,700, up 4% over the same period.
The strongest performers included Hyperliquid (HYPE), bouncing 11%, and Near (NEAR), gaining 7%.
2:47 p.m., June 8
James Van Straten
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Strategy shareholders approve semi-monthly STRC dividends
STRC (TradingView)
Strategy (MSTR) shareholders have
approved Proposal 5
at the company’s 2026 Annual Meeting, paving the way for semi-monthly payments for its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
The amendment shifts STRC’s dividend schedule from monthly to semi-monthly payments, a move Strategy believes will improve liquidity, reduce price volatility, and increase investor demand. CEO Phong Le said the change reflects the company’s commitment to innovation and provides shareholders with more frequent opportunities to reinvest dividends.
The new schedule takes effect this month, starting with a June 30 record date and a July 15 payment date. Thereafter, record dates will be set on the 15th and last day of each month, with distributions paid on the next record date.
On Monday, Strategy announced the acquisition of 1,550 BTC for $101 million, increasing its bitcoin holdings to 845,256 BTC, while also boosting its U.S. dollar reserves by $100 million to a total of $1 billion.
MSTR is up 4% on Monday, while STRC has climbed above $97, also gaining 4%.
2:10 p.m., June 8
James Van Straten
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Bitcoin snaps rare seven-day losing streak as gains hold into Monday
BTC Daily Price Performance (Glassnode)
Bitcoin ended a streak of seven consecutive daily declines on Sunday, snapping a run that stretched from May 31 to June 6 and saw the price fall from around $74,000 to below $60,000. The rebound pushed bitcoin above $63,000, and those gains have so far held through Monday. Sunday's 4% advance was bitcoin's largest one-day gain since April 13.
The last time bitcoin recorded at least seven consecutive daily declines was in June 2022, when it experienced two such streaks. The first lasted eight days and saw the price fall from roughly $30,000 to $22,000. Later that month, bitcoin declined for seven straight days, dropping from $22,000 to below $19,000.
Periods of seven or more consecutive daily declines have been relatively rare throughout bitcoin's history, occurring only a handful of times.
2:10 p.m., June 8
James Van Straten
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Bitdeer shares climbs after leadership reshuffle
Bitdeer (TradingView)
Bitdeer (BTDR) shares gained more than 1% after the company announced the resignations of COO Chao Suo and Chief Business Officer Linghui Kong.
Bitdeer is a bitcoin mining and infrastructure company founded by former Bitmain CEO Jihan Wu that has been expanding into proprietary mining hardware and AI computing services.
The company said both executives resigned for personal reasons and will remain with the firm in other capacities.
Bitdeer
sold its entire bitcoin treasury in February
, converting all newly mined BTC into cash as it funds its expansion into AI data centers.
The move reflected a broader trend among miners prioritizing infrastructure and AI growth over holding bitcoin on their balance sheets.
1:26 p.m., June 8
Krisztian Sandor
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Bitmine bought $214 million ETH as Tom Lee sticks to 'crypto spring' call
Tom Lee's Bitmine (BMNR), the largest Ethereum-focused treasury firm, also
bought
into last week's weakness.
The firm said it acquired nearly 127,000 ether (ETH), worth some $214 million at current prices. That was the firm's biggest weekly haul this year.
Lee called for ETH
bottoming
at around $1,700 in February and a "
crypto spring
" commencing before the bounce reversed and bitcoin (BTC) and ETH took out the February lows last week. ETH fell to as low as $1,500 over the weekend, its weakest since April 2025.
Despite the downturn, he still stuck to his call.
"We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals," Lee said. "This is not surprising given we are in the early stages of crypto spring."
The firm now holds 5.54 million ETH, sitting on an estimated $9.6 billion in paper losses on the bet.
12:39 p.m., June 8
Omkar Godbole
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Strategy's 'every move protects one stakeholder by torching another,' Marex says
Bitcoin (BTC) holder Strategy's (MSTR) capital trap is getting tighter, according to Ilan Solot, senior global markets strategist, at Marex Solutions, a division of global financial services firm Marex.
The company is sitting on a massive bitcoin hoard, accumulated through aggressive buying and stock dilution. Common shareholders bought Saylor's vision, making the company a leveraged bet on BTC. But that narrative is colliding with reality.
"Strategy is now a fight over the capital waterfall; every move protects one stakeholder by torching another," he said in an email to CoinDesk.
Indeed, different groups, including BTC holders, are competing for capital, and they sit in a hierarchy. In a crisis, debt gets paid first. Then preferred shareholders. Then common. Then whatever's left, mainly BTC holders. Right now, Strategy needs capital. But every option available destroys someone.
Sell bitcoin? That hurts the core narrative and common shareholders who believed in it. Issue more stock? That dilutes current equity holders. Skip the preferred dividend? That torches yield tourists. Issue more debt? Everyone below that debt in the waterfall moves further from safety.
"The whole dance here is about who gets stuck with the loss," Solot said.
The company could keep issuing debt. But there's a limit. Eventually, lenders stop lending. Then the hard choice comes: hurt common shareholders or hurt preferred shareholders or sell the bitcoin. There's no option that doesn't hurt someone.
"Issue more debt and everyone below gets pushed further down the waterfall," he said.
12:08 p.m., June 8
Shaurya Malwa
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Strategy adds 1,550 bitcoin and lifts its dollar reserve to $1 billion
Strategy (MSTR) has acquired 1,550 bitcoin for $101 million, an average of about $65,161 a coin, raising its treasury to 845,256 bitcoin.
It also grew its USD reserve by $100 million to $1 billion,
per a Monday filing
.
Last Monday, Strategy disclosed it had sold 32 bitcoin at an average of $77,135, its first sale in four years, to help fund the dividend on its STRC perpetual preferred stock. That sale, tiny against an 845,000-coin treasury, still triggered a slide across crypto on fears Saylor's accumulation era was ending.
But the firm sold last week because a dividend obligation needed funding. It has now refilled the dollar buffer that decides whether it ever has to touch the coin again.
12:05 p.m., June 8
Shaurya Malwa
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Strive bought 32 bitcoin, the same number Strategy dumped last week
Strive (ASST) picked up another 32 bitcoin for roughly $2.1 million at an average of $63,911, CEO Matt Cole disclosed Monday.
That is the exact number Strategy (MSTR) sold last week, its first bitcoin sale in four years, at an average of $77,135 to help fund preferred-stock dividends.
The buy adds to the 19,000 BTC the Dallas firm reported on June 2, a position built with no debt and run through its ASST and SATA at-the-market programs.
Bitcoin trades near $63,400, up about 1.3% over the past 24 hours and steadily climbing back from the slide that followed Strategy's sale, per CoinDesk data.
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Latest Research
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By
CoinDesk Research
Jun 15, 2026
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters
:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
View Full Report
More From
Finance
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
CD20
$1,628.37
CD20 down 2.14 percent
2.14%
BTC
$60,421.61
BTC down 2.28 percent
2.28%
ETH
$1,579.61
ETH down 4.51 percent
4.51%
XRP
$1.05
XRP down 3.53 percent
3.53%
SOL
$70.64
SOL up 1.86 percent
1.86%
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
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