Bitcoin price news: BTC appears set for re-test of February’s lows
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Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).
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Led by Matt Cole, Strive (ASST) continued to add to its bitcoin (BTC) holdings last week as Strategy sold.
The company announced on Tuesday morning the acquisition of another 2,500 bitcoin for $185.2 million, or an average cost of $74,092 per coin. According to a filing, Stive raised the funds via a combination of common stock and SATA preferred stock sales.
Total holdings at Strive are now 19,000 bitcoin, valued at about $1.3 billion.
ASST shares are down more than 4% in premarket trading as bitcoin falls below $69,000.
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Capital continues to be drawn away from crypto and into the artificial intelligence and space boom.
In addition to mammoth coming IPOs from SpaceX and Anthropic, Alphabet, the parent of Google, on Monday evening launched a capital raise of equal size.
The company will be selling $80 billion of stock, including $10 billion to Berkshire Hathaway, to fund its own investments in AI infrastructure.
“The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” Alphabet said in a statement.
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Crypto markets continue to bleed lower, with bitcoin (BTC) leading the way following Strategy’s (MSTR) disclosure of a small BTC sale on Monday.
“The funny thing is that the forced selling in crypto hasn’t even started yet,” wrote Wazz on X Tuesday morning. Whether right or wrong, Wazz, in the space of a few words, put to rest the many “hot takes” dismissing Strategy’s 32 BTC sale as a nothingburger.
Yes, Strategy suffered through the 2022 bear market and survived, but the digital asset treasury industry was far different and far smaller then. Whether the current iteration — in many cases (but not all), with questionable capital structures — can withstand the opposite of “number go up” remains to be seen.
One hour ahead of the opening for U.S. stocks Tuesday morning, bitcoin was trading at $69,000, down 4.5% over the past 24 hours. The February 6 low was $60,000, but that was a very momentary wick to the downside. The $63,000 area is probably closer to where markets can start thinking “re-test” of the bottom.
Strategy’s sales, for the moment, have placed bitcoin in the position of a laggard in the crypto market. Ether (ETH) is lower by just 0.5% and solana (SOL) by 2.5%.
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Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
May 29, 2026
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
Why it matters:
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.