Tom Lee Calls Strategy's 32-Bitcoin Sale Bottom Behavior as ETF Outflows Hit $3.4 Billion

3 articles · Updated · CoinDesk · Jun 2

$2.5 million from Strategy's sale of 32 bitcoin is classic market-bottom behavior, Tom Lee said, arguing the move does not signal a broader shift by one of bitcoin's biggest corporate holders.
0.004% of Strategy's 843,700-plus BTC stash was sold at an average $77,135, with proceeds earmarked for preferred-stock dividends; Lee noted Michael Saylor still holds 99.99% of the position.
$3.4 billion has left U.S. spot bitcoin ETFs over 11 straight sessions, the longest outflow streak since their January 2024 launch, reinforcing the market anxiety Lee says typically appears near cycle lows.
Bitmine's own strategy remains unchanged, Lee said, with ether accumulation still on track after the firm bought 111,942 ETH worth about $237 million, lifting holdings to nearly 5.4 million ETH.

Sources

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