Peter Schiff renewed his criticism of Bitcoin (CRYPTO: BTC) after the cryptocurrency slipped below $68,000, arguing investors would have generated far larger returns elsewhere over the last five years. BTC Failure To Outperform Schiff's comments in a X post on June 2 sparked pushback from crypto traders who accused him of ignoring Bitcoin's massive long-term gains after previously discouraging investors from buying the asset near $1,000.
Capital B asks its shareholders to authorize raising up to $122 billion in new capital instruments and debt to purchase more Bitcoin. The proposal includes up to €5 billion in capital increases and $116 billion in credit instruments. The vote is scheduled for June 17.
Bitcoin's latest price action has given bearish analysts more reason to argue that the cryptocurrency is still moving through a deeper correction. Bitcoin has fallen back to $70,000, and selling pressure is building after another failed attempt to hold higher levels.
Strive Inc. has raised its Bitcoin holdings to 19,000 BTC after buying an additional 2,500 BTC between May 23 and June 1, 2026. A June 2 filing with the U.S.
Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.
The controversy has reignited broader questions about governance and rule interpretation in crypto prediction markets.
Bitcoin fell below $68K as over $1B in liquidations, ETF outflows, and crypto stock losses deepened market pressure. Bitcoin plunges below $68K as market selloff triggers over $1B in liquidations.
Strive Purchase: Strive acquired 2,500 BTC for about $185.2 million at an average price of $74,092, lifting its total holdings to 19,000 BTC. Market Timing: The buy came during a Bitcoin pullback, giving the company a lower entry than its previous 1,109 BTC purchase at $76,989, while reporting strong quarter-to-date and year-to-date BTC yields.
Strive purchased 2,500 bitcoin, raising its holdings to 19,000 BTC, while also expanding cash reserves. The company is positioning itself for future funding growth, boosting flexibility for operations, acquisitions, and treasury activity. Strive Grows Its Bitcoin Treasury While Building a Larger Cash Cushion A June 2 filing with the U.S.
Myriad predictors think it's increasingly likely that Bitcoin's next stop is $55,000 rather than $84,000 as BTC continues its slide.
Strive Asset Management (ASST) expanded its digital asset treasury by 2,500 bitcoin during the period spanning May 23 through June 1, investing approximately $185.2 million at an average cost of $74,092 per token. This strategic acquisition elevated the company's cryptocurrency reserves from 16,500 BTC to a substantial 19,000 BTC.
Tom Lee, who chairs Bitmine Immersion Technologies, argues that recent bitcoin market turbulence represents standard cyclical behavior rather than genuine cause for alarm. According to Lee, the current pattern of institutional and insider selling aligns perfectly with historical market bottom formations.