According to Fixygen, the American company Strategy Inc. sold $216 million worth of Bitcoin, marking the company’s largest cryptocurrency sale since it began building its Bitcoin portfolio in 2020.
This is an important psychological signal for the crypto market. Strategy has long been viewed as one of Bitcoin’s leading corporate supporters and a role model for companies considering BTC as a reserve asset. Therefore, even a partial sale could heighten investors’ doubts about the sustainability of corporate demand for cryptocurrency.
According to the company, this is only its third Bitcoin sale since 2020. However, the scale of the transaction significantly exceeds previous ones, and the timing was chosen amid a weak market: on Monday, Bitcoin fell by 1.9% to $61,532, and has lost 30% of its value since the start of the year.
An additional negative factor was Strategy’s $8.32 billion loss on digital assets for April–June. This illustrates just how sensitive the company’s business model has become to Bitcoin’s revaluation and the crypto market’s decline.
Strategy’s stock fell 4.5% in pre-market trading on Monday. Since the beginning of the year, the company’s market capitalization has shrunk by nearly 34%—to $35.3 billion—while the Nasdaq Composite Index rose by more than 11% over the same period. This means that investors no longer view Strategy as a typical technology company, but rather as a high-risk proxy for Bitcoin.
For the crypto world, the main issue is not the amount of the sale itself, but the shift in perception. If a company that has spent years building an image as the largest corporate holder of BTC begins to sell the asset in significant volumes, the market may see this as a signal: even long-term institutional holders are forced to lock in liquidity or reduce risk.
In the short term, this could intensify pressure on Bitcoin and related stocks, especially if investors begin to anticipate further sales. More broadly, the Strategy case shows that corporate Bitcoin holdings remain not only an investment story but also a source of volatility for balance sheets, financial reporting, and the stock market.
The crypto market will now be watching not only the Bitcoin price and ETF flows but also whether Strategy continues its sales. If these turn out to be a one-time transaction, the impact may be limited. However, if the company begins to systematically reduce its position, it will be one of the most significant bearish signals for the market since 2020.
According to Fixygen, the cryptocurrency market ended the week with a partial recovery after Bitcoin fell below the psychological threshold of $60,000, however, the main topics for the industry remained outflows from ETFs, major banks revising their forecasts, intensifying regulatory competition surrounding stablecoins, and miners shifting to the AI data center sector.
At the time of writing, Bitcoin was trading around $62,440, while Ethereum was trading around $1,625. Earlier in the week, BTC fell below $60,000 amid weak demand from institutional investors, outflows from exchange-traded funds, and persistent geopolitical risks.
Data on U.S. spot Bitcoin ETFs served as a key negative signal. According to CoinDesk, citing SoSoValue, the funds recorded $4.5 billion in net outflows in June—the worst month since the launch of such products in January 2024. The previous record low was $3.48 billion in February 2025.
Against this backdrop, Citigroup lowered its 12-month price forecast for Bitcoin from $112,000 to $82,000, and for Ether from $3,175,000 to $2,240,000. The bank attributed the revision to waning investor interest, outflows from ETFs, and a lack of rapid progress in U.S. crypto regulation. Citi also lowered its expectations for net inflows into Bitcoin ETFs from $10 billion to zero.
The week’s regulatory agenda focused primarily on stablecoins. In the UK, the FCA eased its final requirements for stablecoin issuers, lowering the proposed capital reserve from 2% to 1% of the issuance volume. The final rules are set to bring the crypto-asset sector fully under FCA supervision starting in October 2027.
This is an important signal for the global market: jurisdictions are beginning to compete not only for crypto exchanges but also for tokenized payment infrastructure. Following increased U.S. scrutiny of dollar-pegged stablecoins, the UK is attempting to make its own regulations more proportionate so as not to lose companies working with payment tokens.
Another trend of the week is the continued expansion of Bitcoin miners into the AI and data center sectors. Reuters reported that the Hunt and Crow families—both American billionaire families—along with Nasdaq-listed company Empery Digital, have signed an agreement for a $230 million industrial facility with a capacity of 150 MW and plan to convert it into a hyperscale data center. The parties also signed a non-binding letter of intent for a $1 billion lease with a cloud computing company.
Another telling example is Ionic Digital, a company that positions itself as both a Bitcoin miner and an AI infrastructure company, which has filed for a direct listing on Nasdaq. This confirms structural changes in the sector: for some miners, the key asset is no longer so much hash rate as access to electricity, land, substations, and permits for data centers.
For miners, this diversification has been a response to the deteriorating economics of Bitcoin mining following the halving, high network difficulty, and falling BTC prices. Reuters previously noted that crypto miners are increasingly using large energy facilities for artificial intelligence (AI) computing, as mining profitability remains volatile and demand for AI data centers is growing rapidly.
The week also demonstrated a shift in investor sentiment. Following a strong first half of the year for AI-related stocks, part of the market began looking for opportunities to rotate back into Bitcoin after a deep correction. CoinDesk noted that a loss of momentum in the segment of stocks for companies involved in memory and semiconductor manufacturing could raise the question of returning some capital to BTC; however, traders are not yet showing full confidence in the sustainability of the rebound.
From a practical standpoint, the market situation looks like this: Bitcoin has recovered above $60,000 but has not received sufficiently strong institutional validation via ETFs. Ethereum remains under pressure from weaker network activity and lower forecasts, while stablecoins and AI data centers are becoming the most dynamic segments of the crypto infrastructure.
In the coming weeks, key factors for the market will remain the dynamics of inflows and outflows in spot ETFs, macroeconomic expectations regarding U.S. interest rates, regulatory signals regarding stablecoins, and Bitcoin’s ability to consolidate above $60,000. If outflows from ETFs continue, the market may revert to a defensive scenario. If, on the other hand, institutional demand stabilizes, July could be a month of technical recovery following a weak June.
According to Fixygen, major Bitcoin miners are accelerating the repurposing of some of their energy facilities and infrastructure into data centers for artificial intelligence and high-performance computing amid a deteriorating Bitcoin mining economy, Cointelegraph reports.
In this new model, the miners’ key asset is not ASIC equipment—which is unsuitable for AI computing—but rather access to electricity, substations, cooling systems, permits, and ready-to-use sites. It is precisely the shortage of grid-connected power that has become one of the main constraints on the development of AI data centers. The total capacity of AI data centers worldwide reached 29.6 GW by the end of 2025, whereas in 2022 it was less than 1 GW.
Publicly traded mining companies have already concluded a number of major deals in the AI and HPC segments. In particular, in November 2025, IREN signed a five-year agreement with Microsoft for GPU cloud services worth approximately $9.7 billion for a 750-MW campus in Texas. Hut 8 signed a 15-year, $7 billion contract with Fluidstack for the River Bend facility in Louisiana, while Core Scientific expanded its agreement with CoreWeave to $10.2 billion over 12 years.
According to CoinShares, public mining companies have already announced contracts in the fields of AI and high-performance computing totaling more than $70 billion. Companies with such agreements are valued significantly higher by the market: their price-to-earnings ratio for the last 12 months stands at 12.3, compared to 5.9 for miners that remain primarily focused on Bitcoin mining.
Analysts estimate that the share of AI revenue among public mining companies could rise to approximately 70% by the end of 2026, compared to about 30% in the first quarter. This trend is effectively transforming some mining companies into infrastructure operators for the AI market.
Pressure on traditional mining has intensified due to declining margins. According to JPMorgan’s estimates, the average cost of mining a single Bitcoin is about $78,000, and approximately 20% of miners are operating at a loss. Based on current prices, Bitcoin is trading at around $62,500, which is below the estimated average cost of production.
At the same time, the transition to AI is not cheap. According to CoinShares, a typical crypto mining infrastructure costs $700,000 to $1 million per 1 MW, while liquid-cooled AI facilities may require $8–15 million per 1 MW. This increases companies’ debt burden and makes them dependent on large clients—hyperscalers.
For the market, this signals a shift in investment logic within the mining sector. Whereas Bitcoin price, hash rate, and electricity costs were previously the main factors, long-term contracts with AI clients, access to capital, and the ability to quickly repurpose facilities for GPU infrastructure are now becoming increasingly important for some companies.
Publicly traded Bitcoin miners are under pressure following the halving due to the reduction in block rewards, high network difficulty, and Bitcoin price volatility. Expansion into AI and HPC allows them to diversify their revenue, but at the same time shifts their business into the capital-intensive data center segment, where debt, facility commissioning timelines, and customer concentration remain key risks.
AI, BITCOIN, DATA CENTER, HPC, MINING
According to Fixygen, the cryptocurrency market is ending the week on a down note: Bitcoin has once again fallen below the psychological $60,000 level, Ether has approached $1,550, and most major altcoins are trading under pressure amid capital outflows from crypto ETFs, harsher expectations regarding Fed interest rates, and a strengthening dollar.
As of Thursday and Friday, Bitcoin was trading around $59,200, down approximately 3% over the past 24 hours.
The intraday low was around $58,200. Ether fell to $1,550, losing about 5.5% over the day, while Solana held steady around $68–69.
The week marked a continuation of June’s weak performance. Earlier this month, Bitcoin was trading above $70,000, but the market then faced a series of negative factors: record or near-record outflows from U.S. spot Bitcoin ETFs, growing investor interest in stocks of companies related to artificial intelligence, a strengthening U.S. dollar, and deteriorating sentiment surrounding major corporate Bitcoin holders.
This week, the pressure intensified after Bitcoin once again fell below $60,000. CoinDesk noted that the cryptocurrency’s decline is occurring even amid periodic gains in other risky assets, as capital continues to flow into the technology and AI segments of the stock market. According to CoinDesk, Deutsche Bank attributed Bitcoin’s drop below $60,000 to the Fed’s hawkish rhetoric, outflows from ETFs, and concerns surrounding companies with high Bitcoin exposure.
Ethereum has also failed to serve as a safe-haven asset within the crypto market. Trading at around $1,550, the second-largest cryptocurrency by market capitalization remains under pressure alongside the broader market. The decline in ether indicates that investors are currently reducing their exposure to crypto assets in general, not just bitcoin.
Solana appeared slightly more resilient intraday, but the overall sentiment for altcoins remains weak. When Bitcoin falls below key levels, investors typically reduce their positions in riskier tokens faster than in the market’s core assets.
The dynamics of spot Bitcoin ETFs in the U.S. remain a separate factor. In June, the market already experienced several waves of outflows from funds that had previously been one of the main sources of demand for Bitcoin. When ETFs stop supporting the market with inflows, Bitcoin becomes more sensitive to macroeconomic data, yields, the dollar, and overall risk appetite.
Globally, cryptocurrencies are now competing for capital not only with traditional assets but also with the AI sector. Reuters previously noted that investors are increasingly shifting funds toward AI-related stocks and anticipated major IPOs, while bitcoin is experiencing one of its weakest starts to the year in the past decade.
Through the end of the week, the key technical level for Bitcoin remains the $58,000–$60,000 range. Holding this range could give the market a chance to stabilize, but a sustained move below $58,000 would reinforce expectations of a further decline. In this case, the next area of focus could be $55,000, which some analysts view as a potential level for a local bottom to form.
The base case scenario for the coming days is heightened volatility and cautious attempts at stabilization following the sharp decline. For a sustained recovery, the market will need a combination of several factors: an end to outflows from ETFs, a weaker dollar, softer expectations regarding Fed interest rates, and a return of risk appetite for crypto assets.
For now, the crypto market remains in defensive trade mode: investors prefer to reduce their exposure, cut their losses, or wait for new signals from ETF flows and the U.S. macroeconomy.
According to Fixygen, the cryptocurrency market is ending the week on a cautious note: Bitcoin is holding steady near $62,500–63,000, Ethereum is around $1,700, and the total market capitalization remains in the range of $2.15–2.24 trillion.
Following the sell-off in early June, the market is attempting to stabilize, though a confident recovery has not yet materialized. The main source of pressure remains shifting expectations regarding the U.S. Federal Reserve’s monetary policy. The Fed kept its benchmark rate in the 3.50–3.75% range but sent a more hawkish signal to the market: some market participants now anticipate a rate hike by the end of the year. This is a negative backdrop for the crypto market, as Bitcoin and other digital assets are traditionally sensitive to expectations regarding liquidity and the cost of money.
Bitcoin remained within a narrow range this week following attempts to rebound. According to current data, it is trading at around $62,600, with the intraday low dropping to $62,300. Ethereum fell to $1,690 and remains weaker than Bitcoin in terms of market structure. Pressure on altcoins persists as investors favor more liquid assets and avoid elevated risk.
The total crypto market capitalization, according to aggregators, stands at around $2.15–2.24 trillion. Bitcoin’s market share remains high—around 56–58%—indicating that a protective bias persists within the crypto market itself. Investors are not completely exiting digital assets but are focusing on the largest cryptocurrency and stablecoins.
ETF flows created additional pressure. According to VanEck’s estimates, in the first half of June, Bitcoin’s 30-day average price fell to approximately $70,300, and U.S. spot Bitcoin ETFs recorded about $5 billion in net outflows during 19 of 22 trading sessions. After that, signs of stabilization emerged: on June 12, spot Bitcoin ETFs showed a net inflow of about $85.8 million, and on June 16, about $10 million. However, these volumes are not yet sufficient to indicate a full-fledged recovery in institutional demand.
Ethereum’s weakness is also linked to less stable demand for spot ETH ETFs. Last week, certain trading days saw outflows from Ethereum ETFs, while demand for Bitcoin funds began to gradually recover after a series of heavy outflows. This widens the gap between Bitcoin and the rest of the market.
The Fear and Greed Index for the crypto market remains in the “extreme fear” zone. This means that following June’s sell-off, market participants are not yet ready to actively build up their positions. The market is reacting more to macroeconomic signals than to internal industry news.
The geopolitical backdrop this week was mixed. On the one hand, the agreements between the U.S. and Iran and expectations of a resumption of traffic through the Strait of Hormuz eased pressure on the oil market and supported overall risk appetite. On the other hand, uncertainty regarding the sustainability of these agreements, sanctions policy, and the Fed’s next moves is holding investors back from aggressively buying cryptocurrencies.
For Bitcoin, the nearest technical levels remain the $60–62 thousand range as support and $65–67 thousand as resistance. A sustained move above this range could improve the short-term outlook, but without a resumption of capital inflows into ETFs and a more dovish signal from the Fed, the market may remain range-bound.
According to data from Opendatabot, Oleksandr Kizlyar, a member of the Khmelnytskyi District Council, declared the largest Bitcoin portfolio among Ukrainian public officials for 2025.
His declaration lists 100 BTC, which as of June 10, 2026, was valued at 278.8 million UAH.
Second place in terms of the amount of declared Bitcoin went to Oleg Bondarenko, a member of the Ukrainian Parliament and chairman of the Verkhovna Rada Committee on Environmental Policy and Natural Resource Use. He declared 80 BTC worth approximately 223 млн грн.
In third place is Kristina Pavlova, a representative of the Department of Public Works and Infrastructure of the Dnipro City Council, who reported 20 BTC worth over 55.7 млн грн.
Kizlyar also topped the ranking of Ethereum holders among those who filed declarations. He declared 1,000 ETH worth nearly 74 million UAH. Second place in this category went to Kristina Pavlova with 130 ETH, valued at 9.6 million UAH. Third place went to Iryna Sukhovetruk, a representative of the Kyiv City Prosecutor’s Office, with 100 ETH worth approximately 7.4 million UAH.
The largest amount of Tether (USDT) was declared by Hanna Fazikosh, chair of the Zakarpattia Court of Appeals—over 1.019 million USDT, or nearly 46 million UAH. Second place went to Pavlo Shandra, a deputy of the Odesa Regional Council, with 719,000 USDT worth over 32.4 million UAH. Third place went to Maksym Kiselov, director of the Kyiv Research Institute of Forensic Expertise, who declared 647,000 USDT worth over 29.1 million UAH.
Among the 391 members of the Verkhovna Rada, 16 declared cryptocurrency holdings, or about 4%. Oleg Bondarenko declared the largest crypto portfolio among parliamentarians—80 BTC.
Data from Opendatabot shows that the largest crypto assets among Ukrainian officials are concentrated not only in central government bodies but also among local council members, representatives of the judicial system, the prosecutor’s office, and local self-government bodies.
In an international context, Ukraine ranks among the global top 10 in terms of cryptocurrency adoption. According to Chainalysis’ Global Crypto Adoption Index 2025, the top ten spots are held by India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the world by the overall index and 1st by the population-adjusted metric.
Source: Opendatabot
BITCOIN, CRYPTOCURRENCY, DECLARATIONS, OFFICIALS, Опендатабот
