Bitcoin plunges 10 per cent as Strategy’s heft rattles market

Sky News Australia

Sky News Australia

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June 4, 2026

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Coinbase APAC Managing Director John O'Loghlen breaks down Bitcoin’s 10 per cent slide this week, noting Michael Saylor’s Strategy now holds about 3 per cent of the supply. “He bought a lot of that Bitcoin a long time ago and even required pools of it prior to setting up Strategy,” Mr O'Loghlen told Sky News Business Editor Ross Greenwood. “An outsized response from a really respected player.”

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