Morning Minute: Bitcoin Falls Below $67k as MSTR Plummets

Tyler Warner

Wed, June 3, 2026 astatine 7:47 AM CDT 7 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our new regular quality show covering each of the apical stories successful 5 minutes, downloadable connected Apple Pod oregon Spotify.

GM!

Today’s apical news:

• Crypto majors proceed fall, down different 3-5%; BTC astatine $66,800

• Alts station large time led by LIT, WLD, ENA, NEAR and ZEC

• Coinbase marketplace buys ENA token arsenic the 2 hole for caller partnership

• WSJ features Hyperliquid arsenic superior spot for play and after-hours markets

• Senators Sanders and Warren propulsion for crypto to beryllium blocked from 401ks

📉 Bitcoin Falls Below $67k arsenic MSTR Plummets

It appears the fallout from Saylor’s Bitcoin income isn’t implicit yet.

Bitcoin crashed beneath $67,000 connected Tuesday with implicit $1.4B successful longs liquidated crossed crypto. ETH fell beneath $1,900 and SOL fell sub-$74.

The sell-off is present being driven by a 10-day Bitcoin ETF outflow streak present exceeding $3 billion, and Strategy’s archetypal Bitcoin merchantability successful 4 years destabilizing the market’s astir reliable narrative.

Strategy shares closed down much than 9% connected Tuesday, present much than 70% disconnected their 52-week precocious of $457.22, trading astatine $136.08. It’s down astir 15% successful the past 5 trading days and much than 23% connected the month. Bitcoin itself has fallen astir 46% disconnected its all-time precocious of $126,080.

Strategy Shares Fall for Second Straight Day After $56 Billion Bitcoin Giant Sells BTC

Meanwhile, STRC, the merchandise Saylor is seemingly trying to prioritize, fell to $96.90. That’s obscurity adjacent its $100 par value, and with conscionable 9 trading sessions near until this month’s dividend date, it’s unclear STRC volition get backmost to par. When STRC trades beneath par, Strategy cannot contented caller shares astatine $100 efficiently, and caller issuances are the superior mechanics backing some Bitcoin purchases and dividend obligations.

Following the $1.5 cardinal repurchase of convertible debt, Strategy’s currency reserves person fallen to astir $871 million, covering lone astir six months of its estimated $1.7 cardinal yearly preferred dividend obligations. So their superior method of raising currency volition beryllium by selling MSTR—which apt volition thrust MSTR down unless large buyers measurement in.

As a result, the near-term aboriginal for Bitcoin conscionable became overmuch murkier…

🚫 Bernie Sanders and Elizabeth Warren Want Crypto Out of Your 401(k)

Senators Bernie Sanders and Elizabeth Warren urged the Labor Department to driblet a proposal to marque it easier to connection crypto successful 401(k) plans, arguing the regularisation weakens fiduciary standards and could exposure retirees to greater risk.