Bitcoin Falls 13.4% in Q2 as MSTR Initiates $1.25B Digital Credit Framework

BTC0.59%
MSTR-0.08%
NAS100-0.02%
According to NYDIG research cited by ChainCatcher, Bitcoin fell 13.4% in the second quarter of 2026, outpacing a 27.7% gain in the Nasdaq 100. Microstrategy's introduction of a "Digital Credit Capital Framework" authorizing the sale of approximately $1.25 billion in Bitcoin to cover capital structure obligations marks a shift from consistent accumulation to active monetization. Meanwhile, U.S. spot Bitcoin ETFs experienced net outflows of $4.9 billion in Q2, though Morgan Stanley's Bitcoin trust attracted $364.8 million in inflows, reflecting continued competition in distribution channels. Since reaching a record high of $126,000 on October 6, 2025, Bitcoin has declined 54.3%.
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