Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense
Key takeaways
- Arca has one word for that: Nonsense Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.By Omkar Godbole Jun 9, 2026, 5:35 a.m.
- Bitcoin, the leading cryptocurrency by market value fell nearly 14% to $60,000 last week.
- Saylor attributed the sharp slide to AI infrastructure spending absorbing capital at historic scale.
Arca has one word for that: Nonsense Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.By Omkar Godbole Jun 9, 2026, 5:35 a.m. 3 min read Make preferred on Saylor blames AI for BTC crash. Arca calls it nonsense. (Coin Desk)What to know: Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.Arca's CIO, Dorman, argued that markets tanked because the 32 BTC sale signaled the firm may need to sell more to meet its preferred share dividend obligations.Dorman explained a scenario that could stabilize the market, but doesn't think Saylor will do it.While bitcoin BTC$63,712.70-holder listed firm Strategy's chairman Michael Saylor blamed the AI boom for last week's bitcoin selloff, crypto investment firm Arca is pointing the finger squarely at Saylor himself.
"The selling pressure last week was clearly due to the Saylor/MSTR news," wrote Arca's Chief Investment Officer Jeff Dorman in his weekly note, pushing back on what he called "gaslighting from MSTR and other Bitcoin bulls."
Bitcoin, the leading cryptocurrency by market value fell nearly 14% to $60,000 last week. The sell-off happened after Strategy on June 1 disclosed that it sold 32 BTC in the preceding week. Strategy still holds 845,256 BTC worth billions of dollars.