Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off

Bitcoin's price dropped below $67,000 for the first time since early April, causing a decline in crypto-linked stocks like Strategy (MSTR), Coinbase Global (COIN), and Strive, Inc. (ASST). Strategy sold 32 Bitcoin in a SEC filing, marking its first net reduction in holdings since December 2022, while Mt. Gox moved 10,422 BTC worth $739 million. Geopolitical tensions between Iran and the U.S. further suppressed market sentiment.