Tom Lee Says Strategy’s First BTC Sale Since 2022 Signals Bottom, Not Trouble

• Tom Lee said Strategy’s first BTC sale since 2022 and ETF exits resemble market bottom.
• Strategy sold 32 BTC for $2.5 million, representing just 0.004% of its 843,706 BTC holdings.
• Bitmine and Strategy are currently sitting on combined unrealized losses of roughly $16.5B.

Fundstrat’s Tom Lee believes the latest wave of bearish signals across crypto markets points to a bottom rather than the start of a deeper downturn.

His comments came as Michael Saylor’s Strategy sold Bitcoin for only the second time in its history, spot Bitcoin ETFs recorded their longest outflow streak since launch, and the two largest crypto treasury firms sat on a combined $16.5 billion in unrealized losses.

According to Lookonchain, Bitmine is down approximately $8.9 billion on its 5,416,901 ETH holdings, currently valued at $10.03 billion. Strategy is down roughly $7.6 billion on its 843,…

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