Bitcoin Trapped Near $62K as Strategy Debt Fears Override $101M BTC Buy

Bitcoin remains range-bound near $62,600 on June 9 as Strategy's resumed accumulation of 1,550 BTC for $101M fails to lift prices, with macro caution ahead of U.S. inflation data and the Fed meeting dominating sentiment. The crisis traces to June 1 when Strategy's first Bitcoin sale since 2022 — just 32 BTC for $2.5M — ignited $792M in liquidations and a 14% plunge from ~$73,000 to below $60,000. Fortune now warns of a potential negative feedback loop from $15.5B in preferred stock obligations and $6.7B in convertible notes, while Arca's CIO dismissed Saylor's AI-rotation explanation as 'nonsense,' arguing the 32 BTC sale signaled possible forced selling to fund dividends. Strategy carries an estimated $10.8B unrealized loss, STRC preferred shares remain below $100 par, and critics including Peter Schiff argue equity-funded BTC purchases at current MSTR prices are actively destroying shareholder value.