{"id":73777,"date":"2026-06-09T12:17:52","date_gmt":"2026-06-09T12:17:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/governments-and-family-offices-are-happy-to-buy-bitcoin-at-a-discount\/"},"modified":"2026-06-09T12:17:52","modified_gmt":"2026-06-09T12:17:52","slug":"governments-and-family-offices-are-happy-to-buy-bitcoin-at-a-discount","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/governments-and-family-offices-are-happy-to-buy-bitcoin-at-a-discount\/","title":{"rendered":"Governments and Family Offices Are &#8216;Happy&#8217; to Buy Bitcoin at a Discount"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinbase\u2019s John D\u2019Agostino says institutions that bought bitcoin near $125,000 want it even more around $60,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">He points to UAE family offices and sovereign wealth funds buying the dip after bitcoin\u2019s drop to a 2026 low of $59,100.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">D\u2019Agostino has repeatedly painted bitcoin as a gold-style macro hedge, citing resilient ETF ownership despite recent outflows.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Why Institutions Aren\u2019t Flinching at Sub-$60K <span>Bitcoin<\/span><\/span><\/h2>\n<p><span style=\"font-weight:400\">As <span>bitcoin<\/span> tumbled toward its lowest levels of the year, John D\u2019Agostino, Coinbase\u2019s head of institutional strategy, offered a counter-narrative to the doom. Speaking on CNBC\u2019s \u201c<\/span><span style=\"font-weight:400\">Squawk Box<\/span><span style=\"font-weight:400\">,\u201d he said the deep-pocketed investors building long-term <span>bitcoin<\/span> positions are not rattled by the drawdown (if anything, they welcome it), adding:<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight:400\">\u201cThe family offices and the government and sovereign funds that are putting the effort into buying this asset class are not unhappy at being able to <\/span><span style=\"font-weight:400\">buy it at a discount<\/span><span style=\"font-weight:400\">.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight:400\">D\u2019Agostino\u2019s core point is that conviction buyers measure value differently than traders chasing momentum. Institutions that were willing to accumulate <span>bitcoin<\/span> at $100,000 and $125,000, he argued, are <\/span><span style=\"font-weight:400\">even more interested around<\/span><span style=\"font-weight:400\"> the $60,000 level.<\/span><\/p>\n<figure id=\"attachment_821465\" aria-describedby=\"caption-attachment-821465\" style=\"width:745px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-821465\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The Coinbase strategist tied his comments to firsthand observations from a recent trip to the Middle East. He said family offices in the United Arab Emirates, along with government and sovereign wealth funds, have been actively purchasing <span>bitcoin<\/span> at current valuations. Far from retreating during the selloff, these buyers have treated the discount as an opportunity to add exposure.<\/span><\/p>\n<p><span style=\"font-weight:400\">The view tracks with reporting that <span>Bitcoin.com<\/span> News has covered before as D\u2019Agostino has repeatedly described sovereign wealth funds betting on <span>bitcoin<\/span> as a <\/span><a href=\"https:\/\/news.bitcoin.com\/sovereign-wealth-funds-bet-on-bitcoin-as-gold-alternative-says-coinbase-institutional-strategist\/\"><span style=\"font-weight:400\">gold alternative<\/span><\/a><span style=\"font-weight:400\">, positioning the asset as a long-duration store of value rather than a speculative trade. That thesis got a concrete data point recently when <\/span><a href=\"https:\/\/news.bitcoin.com\/luxembourgs-sovereign-fund-takes-historic-step-into-bitcoin-etfs\/\"><span style=\"font-weight:400\">Luxembourg\u2019s sovereign fund<\/span><\/a><span style=\"font-weight:400\"> took a historic step into <span>bitcoin<\/span> exchange-traded funds (ETFs), becoming one of the first Eurozone state funds to do so.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Selloff That Tested Conviction<\/span><\/h2>\n<p><span style=\"font-weight:400\">D\u2019Agostino\u2019s optimism comes against a genuinely difficult backdrop given <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> slid to a 2026 low of <\/span><a href=\"https:\/\/news.bitcoin.com\/why-is-bitcoin-crashing-worst-week-of-2026-59100-low-and-more-than-half-of-all-btc-now-in-the-red\/\"><span style=\"font-weight:400\">$59,100 last week<\/span><\/a><span style=\"font-weight:400\"> dragging the broader market\u2019s total capitalization below $2.1 trillion for the first time in years. Not only that, even the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> fear and greed index dipped to an \u201cextreme fear\u201d reading of 8 yesterday (recovering slightly by 2 points over the past 24 hours).<\/span><\/p>\n<p><span style=\"font-weight:400\">Yet D\u2019Agostino argued that the ETF picture is more resilient than the outflow headlines suggest, pointing to continued investment in market infrastructure and a base of long-term holders that has not rushed for the exits. The distinction he draws is between fast money, i.e. leveraged traders forced out during <a href=\"http:\/\/www.bitcoin.com\/get-started\/understanding-liquidation-on-perp-dex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidation<\/a> cascades, and the patient institutional capital that tends to accumulate quietly when prices fall.<\/span><\/p>\n<p><span style=\"font-weight:400\">In sum, the thesis is that <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> is maturing into a macro asset and sophisticated allocators are treating drawdowns such as the one being witnessed now as buying opportunities rather than reasons to flee. <\/span><\/p>\n<h2><span style=\"font-weight:400\">What to Watch From Here<\/span><\/h2>\n<p><span style=\"font-weight:400\">Skeptics note that a Coinbase executive has an obvious interest in projecting institutional confidence, and that anecdotes about sovereign buyers are hard to verify in real time. Onchain and ETF flow data over the coming weeks will show whether the discount buying D\u2019Agostino describes is broad enough to put a floor under prices.<\/span><\/p>\n<p><span style=\"font-weight:400\">If governments and family offices are indeed accumulating near multi-month lows, that demand could quietly absorb the supply hitting the market from forced sellers and nervous ETF holders. The next leg of the story will be written in the flow data!<\/span><\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-production-cost-miners-break-even\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"(max-width: 768px) calc(100vw - 18px)\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-760x428.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Bitcoin is changing hands near $63,500, a level analyst Charles Edwards says lines up with the network&#8217;s average production cost,\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-production-cost-miners-break-even\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Bitcoin is changing hands near $63,500, a level analyst Charles Edwards says lines up with the network&#8217;s average production cost,\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-production-cost-miners-break-even\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fbitcoin-holds-above-63k-but-sits-at-mining-cost-as-miners-barely-break-even2_nwmk-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Near $63.5K Is Hovering at What It Costs to Mine BTC, Leaving Miners at Break-Even<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitcoin is changing hands near $63,500, a level analyst Charles Edwards says lines up with the network&#8217;s average production cost,\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/coinbase-dagostino-institutions-buy-bitcoin-discount\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Coinbase\u2019s John D\u2019Agostino says institutions that bought bitcoin near $125,000 want it even more around $60,000. He points to UAE family offices and sovereign wealth funds buying the dip after bitcoin\u2019s drop to a 2026 low of $59,100. D\u2019Agostino has repeatedly painted bitcoin as a gold-style [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73777"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73777"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73778"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}