Strategy sold 32 Bitcoin for $2.5 million to fund preferred stock dividends, marking its first BTC sale since 2022 and authorizing up to $1.25B in future

Strategy disclosed it sold more than 3,000 BTC. It had just bought 1,550 of those BTC a couple weeks prior. Why?

The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.