Bitcoin Drops Below $85K Despite Fresh Buying by Strategy, Metaplanet and Strive
- —Strategy bought 334 BTC for $28.7M at an average $85,838, holdings now 848,000 BTC
- —Metaplanet sold 10,000 BTC and repurchased 11,000 BTC, treasury up to 44,000 BTC
- —Strive added 2,000 BTC for about $169M at an average $84,422, holdings 29,462 BTC
- —Bitcoin lost $85,000 after another rejection around $87,000 as Treasury yields stayed high
Why it matters: Corporate treasury demand alone is not enough to offset broader selling pressure, so BTC may struggle to reclaim $85,000 while yields remain elevated.
Source: Coinpaper