Strategy's Michael Saylor Blames 'Capital Rotation' Into AI as Bitcoin Dives 13%
Michael Saylor said Bitcoin’s recent weakness is being driven by a capital rotation into AI rather than a problem with Bitcoin itself. Bitcoin fell 3.7% in 24 hours and more than 13% over a week, as crypto markets broadly sold off and saw heavy liquidations. He pointed to more than $4.3 billion in Bitcoin ETF outflows since May 14, with no positive inflow day since May 13, as evidence that investors are shifting capital elsewhere. Market pressure also came from Strategy’s own small BTC sale last week: 32 BTC for $2.5 million, which analysts said could hurt confidence despite being tiny relative to its holdings. Broader macro uncertainty, geopolitical risks, and energy-price concerns are also weighing on risk assets. Strategy shares dropped 15% over five trading days, and its preferred stock fell below par.
