# MicroStrategy Bitcoin sale triggers stock dip, Mizuho cuts BTC price

**Published:** 2026-07-10T21:05:08.407Z  
**Topic:** Microstrategy Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/b3ff42da-0741-43b2-a735-89fac80c418b

MicroStrategy shares fell 6% to $149.78 after a 32‑BTC sale; Mizuho lowered its 2027 Bitcoin price target to $94,000.

MicroStrategy (NASDAQ:MSTR) stock slid 6% to $149.78 on June 1 following the company’s first Bitcoin sale since 2022, a move that also coincided with Mizuho trimming its 2027 Bitcoin price target to $94,000—a signal that both equity and crypto markets are reacting to the firm’s shifting treasury strategy.  

| At a glance | |
|---|---|
| Stock price | $149.78 (‑6%) |
| Bitcoin price | $72,000 (‑3% 24h) |
| Sale size | 32 BTC for ≈ $2.5 million |
| Catalyst | First BTC liquidation since Dec 2022; Mizuho price‑target cut |

## Sale details and market reaction  
The SEC filing disclosed that MicroStrategy sold 32 BTC between May 26‑31 for roughly $2.5 million, the smallest liquidation since the 704‑BTC sale in December 2022 [1]. The company still holds a massive treasury of 843,706 BTC (≈4% of total supply) [1][3], acquired at an average cost of $75,651 per coin [3]. The sale represents less than 0.004% of its holdings, but the breach of Michael Saylor’s “never sell” pledge sparked a broader sell‑off in crypto‑linked equities, pulling MSTR down 60% over the past year and dragging Bitcoin 3% lower in 24 hours [1].

## Analyst outlook and price‑target revision  
Mizuho reduced its MicroStrategy price target from $320 to $265, maintaining an Outperform rating, and lowered its end‑2027 Bitcoin forecast from $128,000 to $94,000 [1][2]. The cut reflects a more modest view of Bitcoin’s upside, even as the cryptocurrency sits near $72,000, down 32% from its October 2025 peak of $126,080 [3]. The revised forecast implies a further 27% decline from current levels, underscoring heightened uncertainty about Bitcoin’s trajectory.

## On‑chain context and liquidity pressures  
Bitcoin’s price has fallen over 52% since its October 2025 high, leaving MicroStrategy with roughly $14 billion in unrealized losses at current prices [3]. Despite the loss, the firm’s treasury still commands a $2 billion reserve to cover about two years of preferred‑dividend payouts [2]. Polymarket assigns a 63% probability that MicroStrategy will buy more Bitcoin between June 2‑8, indicating market participants see the recent sale as a tactical, not structural, move [1].

## What to watch  
- Bitcoin holding at the $70,000‑$72,000 zone over the next week.  
- Any further SEC Form 4 filings from MicroStrategy indicating additional BTC sales or purchases.  
- Mizuho or other analysts revising the 2027 Bitcoin price target, especially if Bitcoin breaches $80,000.  

The reaction to MicroStrategy’s modest BTC liquidation highlights how tightly the company’s equity price is linked to sentiment around its treasury strategy, even though the sale itself is financially insignificant relative to its massive holdings. The key question now is whether the firm will resume buying to offset the loss or continue a more flexible approach that could further influence Bitcoin’s market dynamics.

## Sources
1. 24/7 Wall St — [Strategy Slides 6%, Coinbase Drops 5% as Saylor’s First Bitcoin Sale in Nearly 4 Years Triggers Crypto Selloff](https://247wallst.com/investing/2026/06/01/strategy-slides-6-coinbase-drops-5-as-saylors-first-bitcoin-sale-in-nearly-4-years-triggers-crypto-selloff/)
2. AOL — [Analyst cuts MicroStrategy price target by 20%](https://www.aol.com/articles/analyst-cuts-microstrategy-price-target-103000000.html)
3. FinanceFeeds — [Michael Saylor’s Bitcoin Strategy: Risks, Rewards, and Long-Term Outlook](https://financefeeds.com/michael-saylors-bitcoin-strategy/)

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Cite as: TrendWatcher, "MicroStrategy Bitcoin sale triggers stock dip, Mizuho cuts BTC price", https://www.trendwatcher.in/article/b3ff42da-0741-43b2-a735-89fac80c418b