Tom Lee Says Strategy's Bitcoin Sale Is Classic 'Bottom Behavior' | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 2 June 2026

⏱️ 1 minutes

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Summary

Tom Lee says Strategy's BTC sale is "bottom behavior." Bitmine's Tom Lee told CoinDesk that the record 11-day bitcoin ETF outflow streak and Strategy's first BTC sale since 2022 are just typical signs of a market bottom. CoinDesk's Sam Ewen hosts "CoinDesk Daily." - This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	Bitcoin ETFs hit a record outflow streak of $3.4 billion, and Mount Gox moved $739 million in BTC.
0:07.5	This on CoinDest Daily.
0:13.8	U.S. spot Bitcoin ETFs have now logged 11 straight days of outflows, totaling $3.45 billion.
0:21.5	This is the longest withdrawal streak since the funds launched in January 2024.
0:27.0	In the meantime, Bitcoin's plunge continues as the largest crypto by market cap dips below
0:32.3	$69,000.
0:33.8	Bitmines Tom Lee said strategy's small Bitcoin sale is typical bottom behavior, rather than a sign of deeper trouble.
0:41.5	He told CoinDesk that Sailor is just following through on what he said he would do, and that strategy still holds 99.99% of its Bitcoin.
0:49.9	Lee says Bitmine's accumulation plan is on track.
0:53.1	The firm bought another 11,942 ETH, worth roughly
0:57.3	$237 million last week. And finally, defunct exchange Mount Thox just moved 10,422 Bitcoin,
1:05.9	worth roughly $739 million to a new wallet. This is the trustee's largest single transfer in months and the
1:13.8	biggest move ahead of the October 31st, 2026 deadline to complete creditor repayments. Mount
1:20.4	Gawks still holds about 34,504 Bitcoin valued at $2.4 billion. Get more updates on CoinDest.com.

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