Bitcoin slips below $64k amid uncertainty over Hormuz deal, Strategy sale

Bitcoin edged lower on Tuesday, coming under pressure from worsening risk appetite as hopes for a U.S.-Iran deal to reopen the Strait of Hormuz dithered. 

The crypto was also pressured by Strategy, the world’s biggest holder of Bitcoin, disclosing that it had sold more of its holdings.

Bitcoin fell 0.5% to $63,658.6 by 17:24 ET (21:24 GMT). 

Strategy sells $109 mln in Bitcoin 

Strategy disclosed on Monday it had sold 1,690 Bitcoin for a total of $109 million. The company said it had raised an additional $653.1 million from the sale of 6.69 million shares of common stock.

The proceeds from the Bitcoin sale were all deployed towards repurchasing 1.15 million shares of Strategy’s preferred stock, STRC. 

Monday’s disclosure marks Strategy’s fifth sale of its Bitcoin holdings this year, with the company seen raising cash to repay its mounting debt and dividend commitments.

Strategy’s acquisition of its massive Bitcoin hoard– which stood at 840,447 coins after the latest sale– was funded chiefly through debt and preferred stock issuances. 

Bitcoin miner Riot signs $9.1 bln AI deal with Anthropic

Bitcoin miner Riot disclosed on Monday it had signed a $9 billion deal with a major frontier artificial intelligence lab to provide computing power.

Bloomberg later reported the lab in question was Anthropic, sending Riot’s shares up nearly 25% in aftermarket trade on Monday.

The Anthropic deal – which will play out over the next 20 years – largely overshadowed Riot clocking a deep loss in the June quarter, as falling Bitcoin prices dented its margins on mining.

The company has outlined plans to pivot into providing AI computing power from Bitcoin mining. 

Trump Media posts $360.6 mln unrealized loss on digital asset holdings

Trump Media & Technology reported a net loss of $238.1 million for the second quarter, as the company absorbed a $360.6 million unrealized loss on its digital-asset holdings during the first half of the year, according to a Securities and Exchange Commission filing Monday.

For the six months ended June 30, the company recorded $245.4 million in unrealized losses on digital assets, a $55.5 million loss tied to the reacquisition of pledged digital assets, a $52.2 million loss from derecognition, and a $7.4 million unrealized loss on pledged assets.

The fair value of Trump Media’s combined digital-asset holdings fell to $597.7 million as of June 30, down from $904.4 million at the end of 2025. The company held 9,477.16 bitcoin, valued at $557.1 million, along with 756.1 million Cronos tokens worth $40.6 million.

Trump Media’s direct Bitcoin holdings declined by 65 coins from 9,542.16 BTC at the end of last year, with the fair value of those holdings dropping from $836.4 million. Its Cronos token count remained unchanged at 756.1 million, though the fair value of that stake fell from $68 million.