Bitcoin rebounds past $60,000 after hitting 2026 low

Bitcoin ↘ 0.57% clawed back above the $60,000 mark on July 1, recovering from a fresh 2026 low of $57,735, and the rally extended into Thursday's session as crypto-linked equities posted sharp gains. Strategy ↘ 9.56% shares rose more than 7% on Wednesday's close and traded near $100 on Thursday, while Strive ↘ 6.08% jumped over 10% to close at $12.02.marketbeat+4

The moves underscore how both companies now function as leveraged proxies for Bitcoin, amplifying swings in the underlying asset. Strive, which held 19,032 BTC as of early June after a string of purchases throughout the year, has more than doubled in value over the past three months. Strategy, the largest corporate holder of Bitcoin with 847,363 BTC, remains the dominant institutional vehicle for crypto exposure despite a turbulent first half of 2026.coinpaper+2

Strategy's New Capital Framework Provides a Lifeline

The catalyst for much of the equity rally was Strategy's Digital Credit Capital Framework, announced June 29. The framework established a $2.55 billion cash reserve dedicated to servicing preferred dividends and interest, raised the annual dividend rate on its STRC preferred stock from 11.5% to 12% for record dates beginning July 1, and authorized $2 billion in combined repurchase programs for its preferred and common shares.theglobeandmail+2

The framework also introduced a BTC Monetization Program allowing the company to sell up to $1.25 billion in Bitcoin to fund reserves and service obligations. For investors who had watched STRC trade at a 26% discount to its $100 par value in late June, the structural clarity offered some reassurance.kucoin+1

A Volatile Recovery After a Bruising First Half

The broader context remains challenging. Bitcoin has fallen more than 50% from its all-time high near $126,000 reached in October 2025, and spot Bitcoin ETFs saw $6.4 billion in outflows over the prior 30 days heading into late June. Strategy shares are down roughly 75% from their 52-week highs.macrotrends+1

The July 1 reversal was fueled in part by comments from former Federal Reserve Governor Kevin Warsh at the ECB Forum in Sintra, which improved macro sentiment around risk assets. Bitcoin added roughly $36 billion in market capitalization as it pushed back above $60,000, lifting the total crypto market cap above $2.1 trillion.kucoin

Whether the bounce holds remains an open question. Analysts at Galaxy Research have warned Bitcoin could still test the $40,000 to $46,000 range, while Citi's bear case sits around $53,000. For now, however, the reclamation of $60,000 and Strategy's new capital framework have given bulls a reason to exhale.bitcoinfoundation