Bitcoin moved lower on Tuesday as investor risk appetite weakened. Market sentiment was pressured by fading hopes for a U.S.-Iran agreement to reopen the Strait of Hormuz.
The world’s largest cryptocurrency also faced pressure after Strategy, the biggest corporate Bitcoin holder, disclosed another sale of its BTC holdings.
Bitcoin fell 0.6% to $64,221.3 by 09:50 ET, after briefly dropping below the $64,000 level.
Strategy Sells $109 Million in Bitcoin
Strategy Inc. disclosed on Monday that it sold 1,690 Bitcoin for a total of $109 million.
The company also said it raised an additional $653.1 million through the sale of 6.69 million common shares.
The proceeds from the Bitcoin sale were used to repurchase 1.15 million shares of Strategy’s preferred stock, known as STRC.
This marks Strategy’s fifth Bitcoin sale this year. The company appears to be raising cash as it manages growing debt obligations and dividend commitments.
After the latest sale, Strategy still held 840,447 Bitcoin. Much of its large Bitcoin position was built through debt financing and preferred stock issuance.
Riot Signs Major AI Computing Deal
Bitcoin miner Riot Platforms also drew attention after announcing a major long-term artificial intelligence deal.
The company said it signed a $9 billion agreement to provide computing power to a leading AI lab. Bloomberg later reported that the AI lab was Anthropic.
The news sent Riot shares sharply higher in aftermarket trading on Monday.
The deal is expected to run over 20 years and helped overshadow Riot’s weak second-quarter results. The company reported a deep quarterly loss as lower Bitcoin prices hurt mining margins.
Riot has been working to shift part of its business away from Bitcoin mining and toward AI computing infrastructure.
Trump Media Reports Digital Asset Losses
Trump Media & Technology Group reported a $238.1 million net loss for the second quarter.
The company also recorded a $360.6 million unrealized loss on its digital asset holdings during the first half of the year, according to a regulatory filing.
For the six months ended June 30, Trump Media reported several crypto-related losses. These included unrealized losses on digital assets, losses tied to pledged assets, and losses from derecognition.
The fair value of the company’s digital asset holdings fell to $597.7 million by June 30, down from $904.4 million at the end of 2025.
Trump Media held 9,477.16 Bitcoin, valued at $557.1 million, along with 756.1 million Cronos tokens, worth $40.6 million.
Its Bitcoin holdings declined by 65 coins from the end of last year. The number of Cronos tokens remained unchanged, although the value of that position also fell.
Altcoins Fall as Crypto Sentiment Weakens
Most major altcoins traded lower on Tuesday, following Bitcoin’s decline.
Crypto markets remained under pressure as optimism faded over a possible deal to reopen the Strait of Hormuz. Both the U.S. and Iran appeared to maintain difficult positions in the negotiations.
Ether slipped 0.4% to $1,891.81, while XRP fell 1.7%.
Solana declined 0.5%, and Cardano lost 4.8%. BNB was one of the few major tokens to rise, gaining 1.8%.
Among memecoins, Dogecoin and $TRUMP both gained more than 1%.
Bitcoin Remains Under Pressure
Bitcoin’s latest move shows how sensitive crypto markets remain to geopolitical developments, corporate selling, and broader risk appetite.
While Strategy remains a major Bitcoin holder, its repeated sales this year have added another source of pressure for traders to watch.
At the same time, Riot’s AI deal highlights how some crypto-linked companies are trying to diversify beyond Bitcoin mining as market conditions remain challenging.
