# Bitcoin slides to three‑week low as Strategy eyes $5 billion sale

**Published:** 2026-08-01T08:30:30.478Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8b7bc4f3-e1a5-4851-82bb-e2e44facd61c

Bitcoin falls 3.1% to $62,702, its lowest since July 9, after Strategy announced a potential $5 bn Bitcoin sell‑off. See price, ETF inflows and a Coldcard

Bitcoin dropped 3.1% to about $62,702 on Friday, the lowest level since July 9, as the market digested Strategy’s plan to sell up to $5 billion of its Bitcoin holdings following a weaker‑than‑expected earnings report【1】. The move matters because Strategy is the world’s largest publicly‑listed corporate Bitcoin holder, and its selling stance reshapes supply dynamics for the broader market.

| At a glance | |
|---|---|
| Price | $62,702 |
| 24h change | –3.1% |
| Low level | $62,498 (lowest since July 9) |
| Catalyst | Strategy’s announced $5 bn Bitcoin sale plan |

## Strategy’s sell‑off plan drives the dip  
Strategy reported quarterly revenue of $122.4 million, just shy of the $122.9 million consensus, and CEO Phong Le said the firm had discussed selling up to $5 billion of Bitcoin to boost cash reserves and possibly fund stock repurchases【1】. The company’s Bitcoin stash totals 843,775 BTC, valued at $63.8 billion at an implied price of $75,476 per token as of early July【1】— well above the current market price, highlighting a sizable unrealized loss. Strategy’s cash on hand sits at $1.4 billion, far smaller than its crypto holdings, underscoring the reliance on Bitcoin to fund operations【1】. Analyst commentary notes that the potential sale could “restore confidence” by adding cash, but also flags the risk of further price pressure if a large holder becomes a seller【1】.

## Countervailing inflows and a custody scare  
While Strategy’s move added sell pressure, spot Bitcoin ETFs attracted $233.13 million of fresh inflows on Thursday, with BlackRock’s fund accounting for roughly 79% ($183.38 million) of that total【3】. The inflow suggests continued institutional appetite, yet the market remains choppy, with Bitcoin up only 10.95% over the past 30 days but down 41% year‑to‑date【3】. Adding to the negative sentiment, a Coldcard hardware‑wallet bug has reportedly stolen close to 600 BTC, valued at about $38 million【3】. The incident raises questions about self‑custody security and could push some retail investors toward regulated funds where custody is handled by institutions.

## Broader macro backdrop  
Two external pressures also loom. The U.S. expanded a trade blacklist affecting solar‑component imports, potentially raising operating costs for miners that rely on solar power【3】. In Japan, a possible unwind of yen‑funded carry trades could trigger broader risk‑asset sell‑offs, a scenario that would likely spill into crypto markets【3】. Neither factor has materialized yet, but they add to the cautious tone surrounding Bitcoin’s near‑term outlook.

## What to watch
- Bitcoin price at $60,000 (key support) and $65,000 (near‑term resistance).  
- Any confirmed timeline for Strategy’s $5 bn Bitcoin sale or a capital raise.  
- Further developments in the Coldcard wallet breach, especially if the total stolen BTC exceeds 600.

The slide underscores how a single institutional player’s shift from buyer to seller can sway Bitcoin’s short‑term trajectory, even as institutional inflows and macro risks continue to shape the market’s direction.

## Sources
1. Forbes — [Bitcoin Hits 3-Week Low As Strategy Plans $5 Billion Sale](https://www.forbes.com/sites/tylerroush/2026/07/31/bitcoin-hits-3-week-low-as-strategy-plans-5-billion-sale/)
2. CoinTelegraph — [Grayscale's Pandl says Strategy should sell $3B Bitcoin to restore confidence](https://cointelegraph.com/news/grayscales-pandl-strategy-sells-3b-bitcoin-confidence)
3. Walletinvestor — [Bitcoin Drops to Three-Week Low as Strategy Weighs $5 Billion ...](https://walletinvestor.com/news/crypto-news/bitcoin-drops-to-three-week-low-as-strategy-weighs-5-billion-sale-and-a-wallet-bug-drains-38-million/)

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Cite as: TrendWatcher, "Bitcoin slides to three‑week low as Strategy eyes $5 billion sale", https://www.trendwatcher.in/article/8b7bc4f3-e1a5-4851-82bb-e2e44facd61c