| Mobile Web

Market relieved by Strategy cash boost; Bitwise CEO says BTC will rise further

Bitcoin rebounded after sliding below $62,000 following Strategy’s disclosure that it sold 3,588 BTC for about $216 million. The sale amplified shock because the company led by Michael Saylor has been a major holder, and its shares fell 4 percent in premarket trade. The market absorbed the selling quickly, while executives cited Strategy’s larger cash reserves and easing rate-cut expectations as support, though ETF flows and positioning remain headwinds.