Bitcoin Approaches $64,000 as Traders Shrug Off Strategy Sales and Coldcard Sweeps
Key Takeaways
- •Bitcoin climbed approximately 2% over 24 hours to trade above $64,100 after touching a low near $62,250 during Monday's session.
- •A fourth wave of Coldcard wallet sweeps removed roughly 449 bitcoin from 709 addresses, and Galaxy Research has not confirmed whether a single operator is responsible.
- •Strategy sold 1,638 bitcoin for approximately $105 million at an average price of $63,957, which is below its cost basis of $75,419 per coin.
- •BNG led major cryptocurrencies with a nearly 5% gain over seven days, while ether was the only large-cap token down on a weekly basis at approximately $1,865.
- •Strategy's bitcoin holdings now stand at 842,138 BTC, and the company has not purchased any bitcoin in more than five weeks.

Bitcoin rebounded toward $64,000 during Asian trading hours on Tuesday, reclaiming the $63,000 level it had lost during Monday's session after briefly dipping to approximately $62,250.
Major cryptocurrencies largely advanced, with BNB leading weekly gains among large-cap tokens. Ether was the only major cryptocurrency still in negative territory over the trailing seven days. The broader crypto recovery came despite continued uncertainty surrounding the unresolved Coldcard wallet sweeps, which have drained hundreds of bitcoin. Coldcard is a widely used hardware wallet for bitcoin self-custody that stores private keys offline. A fourth wave of sweeps targeting addresses generated by the affected firmware ran through Monday, removing roughly 449 bitcoin from 709 addresses on the revised count. Galaxy Research has not confirmed whether the same operator is responsible for all the sweeps.
Bitcoin rose approximately 2% over 24 hours and 1% on the week in Asian morning trading Tuesday. After touching a low near $62,250, a steady bid carried the price to just above $64,100 overnight.
Among other major tokens, ether lagged near $1,865, up marginally on the day but still down 1% over seven days — the only large-cap token in the red on a weekly basis. XRP rose nearly 1% to $1.08 and is up 2% on the week. BNB added 1.5% to approach $591, leading the majors with a gain of nearly 5% over seven days.
Solana gained more than 1% to near $74. Tron rose 1% to 33 cents, and dogecoin posted a similar increase to 7 cents. Hyperliquid's HYPE token bounced over 4% to $54 following last week's decline, though it remains down 3% over the past seven days.
Separately, Bitcoin treasury firm Strategy — formerly known as MicroStrategy, the enterprise-software company that adopted a bitcoin accumulation strategy under Michael Saylor — disclosed in an SEC filing on Monday that it sold 1,638 bitcoin for approximately $105 million between July 27 and August 2 — its third sale of 2026. The average sale price was $63,957, well below the company's average cost basis of $75,419 per coin, meaning each disposed coin was sold at a loss relative to what Strategy paid. Proceeds were directed toward preferred dividends and STRC buybacks rather than reinvested into bitcoin.
Strategy's holdings now stand at 842,138 BTC, and the company has not purchased any bitcoin in more than five weeks. Michael Saylor said the transactions lifted the firm's dollar reserve to $4 billion and extended its duration by 57 days.
Broader equity markets offered a mixed backdrop. MSCI's Asia Pacific index fell 0.7%, marking its second consecutive decline, with Korea's Kospi dropping 1.1% after trading up as much as 2.1% earlier in the session. A regional semiconductor index declined 1%.
U.S. futures pointed in the other direction, with Nasdaq 100 futures rising 0.4%. Palantir surged 14% in after-hours trading on raised guidance, while Amazon fell 1.6% post-market following a share sale disclosure by Jeff Bezos.
Traders are closely watching whether bitcoin can maintain support above $63,000 through the U.S. trading session. The level has been reclaimed and lost twice over the past three days, and a third failure would suggest diminishing buyer interest below $62,500.