Strategy's bitcoin purchase fails to stir BTC price

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailStrategy's bitcoin purchase fails to stir BTC priceBitcoin is little changed despite a new purchase by Strategy as risk-averse investors await U.S. inflation data and next week’s Fed meeting.By Omkar Godbole, Shaurya Malwa|Edited by Sheldon Reback Jun 9, 2026, 10:37 a.m. 4 min readMake preferred on What to know: Bitcoin is trading little changed around $62,600 despite a new purchase by Strategy as risk-averse investors await key U.S. inflation data and next week’s Fed meeting.Derivatives markets show reduced liquidations and steady open interest, with negative funding and put-heavy positioning signaling persistent caution.The H token of Humanity Protocol plunged as much as 90% after a private-key theft drained more than $32 million.The recovery in bitcoin BTC$63,271.85 stalled Tuesday even after Strategy (MSTR) bought more of the largest cryptocurrency following its end-May sale.Bitcoin was recently trading near $62,600, little changed from Monday. This follows Sunday's 4% bounce, which briefly took prices above $64,000 on some exchanges, including Coinbase.Strategy, the largest publicly listed bitcoin holder, said Monday it had bought 1,550 BTC for $101 million, bringing its total stockpile to 845,256 coins. While that's about 48 times the 32 BTC it sold in the final days of May, the purchase failed to stir the token's price.BTC's immobility isn't doing any good to the broader market either. The CoinDesk DeFi Select Index has dropped 1.8% in 24 hours and the CoinDesk 80 Index is down 1.3%.The mood clearly remains risk-averse, with investors lacking conviction to chase upside."Bitcoin's recent rebound shows there is still demand when prices pull back, but investors are not committing capital with the same level of confidence we saw earlier in the year," Daniel Reis-Faria, CEO of ZeroStack, said in an email."While a lot of attention has been placed on Strategy's buying activity, the bigge…

Strategy's bitcoin purchase fails to stir BTC price

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