Saylor Blames Bitcoin's 22.7% Slide on $400 Billion AI Spending as Strategy Sold 32 BTC
Updated
Updated · CoinDesk · Jun 4
Saylor Blames Bitcoin's 22.7% Slide on $400 Billion AI Spending as Strategy Sold 32 BTC
3 articles · Updated · CoinDesk · Jun 4
Summary
Bitcoin fell about 14% in a week and 22.7% in four weeks, with Michael Saylor arguing the drop reflects temporary capital rotation into AI rather than structural damage to crypto.
About $400 billion has gone into AI infrastructure over the past six months, Saylor said, while U.S.-listed spot bitcoin ETFs have seen roughly $4 billion in outflows since mid-May.
Strategy's sale of 32 BTC added to bearish sentiment, even though the company still holds 843,706 BTC as the largest corporate bitcoin holder.
Bearish traders say the selloff points to a deeper problem for bitcoin, citing ETF withdrawals, Strategy's surprise sale and the contrast with equities and commodities trading near record highs.