The company that turned “buy Bitcoin and never sell” into a corporate identity just sold some Bitcoin. Strategy, the firm formerly known as MicroStrategy, disposed of 32 BTC between May 26 and May 31, generating roughly $2.5 million at an average price of $77,135 per coin.
It’s the company’s first Bitcoin sale since December 2022.
What happened and why it matters
The proceeds from the sale went toward funding distributions on Strategy’s STRC perpetual preferred shares. In plain English: the company needed cash to pay dividends, and it tapped its Bitcoin pile to get it.
32 Bitcoin out of 843,706 is roughly 0.0038% of the company’s holdings. MSTR shares dropped about 6% after the June 1 disclosure.
