The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock. Updated Jun 1, 2026, 1:04 p.m. Published Jun 1, 2026, 12:07 p.m. 1 min readMake preferred on Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday.Bitcoin briefly dropped under $72,000, per CoinDesk data, with over $90 million in BTC-tracked futures positions liquidated shortly after.The disposal is Strategy's first disclosed bitcoin sale, and the proceeds are earmarked to fund distributions on its preferred stock, according to a footnote in the filing.In addition, for the week, Strategy raised $128.3 million through its at-the-market (ATM) common stock program and allocated a small portion of the proceeds to increase its U.S. dollar cash reserve from $871 million to $900 million. After depleting a substantial portion of its cash holdings, $1.5 billion of its 2029 convertible notes.The company held 843,706 bitcoin at an average purchase price of $75,699 as of May 31, putting the sale price above its blended cost basis but also above where bitcoin BTC$71,920.25 was trading on Monday, below $72,000 per CoinDesk data.More For YouCrypto markets continue to struggle even as risk markets across the globe surge higher.Read full story