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Exit Strategy 📉

Exit Strategy 📉

Strategy's MSTR dropped to a two-year low under $100 as the price of Bitcoin sank to lows of $60,200 Wednesday morning.

Stephen Graves
June 24, 2026

📝 What you need to know

Shares in Bitcoin treasury giant Strategy sank to $97.30 Wednesday, their lowest price in more than two years, dragged down by BTC’s tumble to lows near $60,000.

Earlier in the week, analysts flagged “uncertainty” around how the firm intends to fund and manage its growing fixed obligations. Bitcoin, meanwhile, has taken a battering from every angle as investors flee Bitcoin ETFs and ditch crypto for AI stocks, while the Fed’s new Chair adopted a more hawkish tone at his first meeting last week.

It’s not looking too pretty for the wider crypto space, either, with President Trump now holding a bipartisan housing bill that contained anti-CBDC provisions to ransom, to force through a controversial bill restricting voting rights.

Strategy Shares Crash Below $100 as Bitcoin Sinks Towards $60K

Bitcoin fell to a two-week low price Wednesday as Strategy shares dove below the $100 mark for the first time since March 2024.

📰 In the News

Trump Cancels Signing of Bipartisan Housing Bill Containing CBDC Ban: 'Of Minor Importance'

President Trump said he won’t sign the popular bill until Congress passes a controversial bill restricting voting rights.

South Korean Officials Meet With US SEC, Weigh Unified Crypto Rules Amid Local Scandals

Following a series of setbacks for South Korea, a delegation from one of Asia's most active crypto markets met with the SEC's task force.

Farage Says He Can Spend Tether Billionaire’s $6.7M Gift ‘On Ferraris’ if He Wants

Reform UK leader Nigel Farage called the gift from Christopher Harborne a “private matter” amid a standards investigation.

With over 75 markets, the Myriad World Cup 2026 Contest enables users to make predictions on every single match. A prize pool of $100,000 is on offer for top traders and makers. The top three traders receive $20,000, $10,000 and $5,000 respectively.

📊 Myriad Insight of the Day

Switzerland vs Canada: World Cup Group B

Switzerland 39%

Draw 32%

28% Canada

Why it matters

Both teams enter Wednesday level on four points after winning matchday two—Switzerland beat 10-man Bosnia 4-1 with three goals in the last 16 minutes; Canada thumped Qatar 6-0, per ESPN. A win takes Group B; a draw likely sends both through, with Canada topping on +6 goal difference versus Switzerland's +3. Switzerland's odds have slipped from 45% to 39% as the host advantage at BC Place firmed.

Source: Switzerland 4-1 Bosnia-Herzegovina (ESPN)

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🕵🏻‍♀️ Editor’s Picks

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Meet Qwable: The Free Local Model That Thinks Like Claude Fable

Someone fine-tuned Claude Fable 5's reasoning style into a local Qwen model, creating Qwable. Then someone else removed its conscience.

Crypto’s Clarity Act Has a New Enemy: Catholic Leaders

Catholic leaders warned a key provision of the crypto bill, protecting software developers from prosecution, could enable human trafficking.

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

📚 Watch & Learn

📹️ WATCH: Meta is Building a Prediction Market, Arthur Hayes Bull Case on CARDS Token, + World Cup Predictions

🎓️ LEARN: What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.

Interested in partnering with Decrypt? Find out more here.