Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailSaylor blamed AI for bitcoin crash. Arca has one word for that: NonsenseArca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.By Omkar Godbole Jun 9, 2026, 5:35 a.m. 3 min readMake preferred on What to know: Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.Arca's CIO, Dorman, argued that markets tanked because the 32 BTC sale signaled the firm may need to sell more to meet its preferred share dividend obligations.Dorman explained a scenario that could stabilize the market, but doesn't think Saylor will do it.While bitcoin BTC$63,327.50-holder listed firm Strategy's chairman Michael Saylor blamed the AI boom for last week's bitcoin selloff, crypto investment firm Arca is pointing the finger squarely at Saylor himself."The selling pressure last week was clearly due to the Saylor/MSTR news," wrote Arca's Chief Investment Officer Jeff Dorman in his weekly note, pushing back on what he called "gaslighting from MSTR and other Bitcoin bulls."Bitcoin, the leading cryptocurrency by market value fell nearly 14% to $60,000 last week. The sell-off happened after Strategy on June 1 disclosed that it sold 32 BTC in the preceding week. Strategy still holds 845,256 BTC worth billions of dollars. Saylor attributed the sharp slide to AI infrastructure spending absorbing capital at historic scale. "The AI buildout is absorbing capital at a historic scale, creating temporary pressure across global markets. That does not weaken Bitcoin. It strengthens the case for scarce, liquid, digital capital. Bitcoin remains the premier asset for the long term," Saylor said. Arca isn't buying it.Dorman's argument is straightforward. What crashed the market waqs not the amount of BTC sold, which was just 32, worth roughly $2.5 million, but the realization of what that sale implied:…

Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense

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