Strategy on Monday disclosed that it sold 32 Bitcoin for approximately $2.5 million between May 26 and May 31, its first operational sale to fund corporate liquidity obligations since its purely tax-motivated disposal of 704 Bitcoin back in December 2022.
The proceeds are expected to support preferred stock distributions, according to the company. Following the sale, Strategy currently holds 843,706 Bitcoin, valued at $60.8 billion at current market prices.
The company also raised about $128 million through the sale of 801,994 shares of its Class A common stock under its at-the-market (ATM) program during the period, while making no sales under its preferred stock ATM facilities.
Strategy maintained a $900 million US dollar reserve, kept the dividend rate on its STRC preferred stock at 11.5%, and declared cash dividends across its preferred share classes payable on June 30.
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