Crypto market recap: Bitcoin holds above $81,000 as Strategy considers selling BTC
Bitcoin climbed above $81,000 on Wednesday, extending gains amid a broader rally in risk assets fueled by easing geopolitical tensions and renewed optimism around artificial intelligence. At the same time, Strategy—the world’s largest corporate Bitcoin holder—signaled it may sell some of its holdings for the first time to help fund dividend obligations.
Highlights
- Bitcoin crossed $81,000, up 0.3% in 24 hours and 5.1% weekly.
- Ethereum traded at $2,362, down 0.8% daily.
- Fear and Greed Index at 46, still in fear but rising.
- Strategy may sell part of its 818,334 BTC holdings for the first time.
Current market snapshot
As of May 6, Bitcoin was trading at $81,216, up 0.3% over the past 24 hours and 5.1% for the week.
Ethereum lagged behind, falling 0.8% to $2,362 while still posting a 2.2% weekly gain. Other major tokens showed stronger performance: Solana rose 3% to $87.35, and Dogecoin gained 4% to $0.1158, pushing its seven-day advance to 14.5%.
The Crypto Fear and Greed Index stood at 46, remaining in the fear zone but continuing its gradual upward trend. The improvement reflects growing investor confidence supported by record highs on Wall Street and signs of de-escalation in the Iran conflict.
Strategy’s potential shift
Strategy, which holds 818,334 Bitcoin at an average purchase price of $75,537, indicated it is considering selling a portion of its stash to meet annual dividend payments of around $1.5 billion.
The company has previously followed a strict buy-and-hold strategy. The news triggered a decline in its shares in after-hours trading. Strategy reported a net loss of $12.54 billion in the first quarter due to Bitcoin’s price volatility.
Market balances optimism with corporate realities
Bitcoin’s move above $81,000 highlights renewed risk appetite across global markets, helped by positive macroeconomic signals and reduced Middle East tensions. However, Strategy’s potential shift away from pure accumulation serves as a reminder that even the most committed corporate holders may face liquidity pressures. While institutional demand and improving sentiment provide support, any meaningful selling from large players could quickly test the market’s resilience in the near term.
It was earlier reported that Bitcoin tops $81,000 as the Fear and Greed Index shifts to neutral.
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