Strategy Inc. (NASDAQ:MSTR) sold 32 Bitcoin

Bitcoin tumbled to $72,000 Monday as news of the BTC treasury firm's about-face on its "never sell" stance broke.

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.

Strategy's remaining holdings still account for more than 4% of the 21 million bitcoin supply cap — worth around $61 billion.

...consistently posted by Saylor in the days ahead of news of a purchase by the biggest publicly traded Bitcoin holder.

Strategy broke its long-standing HODL streak, selling bitcoin for the first time in years.

Strategy Inc. (NASDAQ:MSTR) sold 32 Bitcoin

Strategy's last sale preceded a massive buying spree, but the company and the market look very different today.

The bitcoin-hoarding firm founded by Michael Saylor sold 32 coins last week for $2.5 million to fund distributions on its preferred stock

For years, Saylor's company has had one strategy: buy bitcoin and don't sell it.

Michael Saylor's Strategy Bitcoin (BTC USD) sale: Michael Saylor's publicly traded Strategy sells Bitcoin for the first time since 2022, raising $2.5 million to fund preferred…

Strategy sold 32 BTC for $2.5M, its first Bitcoin sale since 2022. The move triggered a 5.85% stock drop, a 2% Bitcoin decline, and Polymarket disputes.

Strategy Inc. sold 32 BTC for $2.5 million to cover preferred stock dividends, its first net Bitcoin sale since 2022, triggering a 6% drop in MSTR shares.

Strategy sold 32 BTC for $2.5M to fund STRC dividends. MSTR fell 7%, BTC dropped, and crypto X debated the precedent.