Strategy sells $2.5 million Bitcoin

Strategy disclosed on June 1 that it sold 32 bitcoin for about $2.5 million between May 26 and May 31, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. The filing said the sale was made at an average net price of about $77,135 per coin and that the proceeds are expected to be used to fund distributions on preferred stock. Bloomberg reported the transaction was the company’s first bitcoin sale since late 2022, breaking with a stance Michael Saylor had long promoted publicly. ### Why did Strategy sell bitcoin at all? The June 1 filing gave a direct reason: the proceeds are expected to fund distributions on preferred stock. That matters because Strategy has expanded beyond common-stock fundraising into several preferred instruments, including the variable-rate Series A Perpetual Stretch Preferred Stock, which trades under the ticker STRC. (sec.gov) Bloomberg reported that Saylor had already opened the door to possible bitcoin sales on the company’s quarterly earnings call last month. That was a change from years of shareholder messaging built around holding bitcoin rather than selling it. ### How big was the sale compared with Strategy’s overall bitcoin position? (sec.gov) The 32-bitcoin sale was small relative to Strategy’s overall holdings. The June 1 SEC filing said the company held 843,706 bitcoin as of May 31, 2026. At the disclosed average sale price of roughly $77,135 per bitcoin, the transaction amounted to about $2.5 million. (bloomberg.com) CoinDesk and CNBC both reported the same figures from the filing, describing the sale as the company’s first disclosed net reduction in bitcoin holdings since 2022. (sec.gov) ### Why are investors focused on “first sale since 2022”? Bloomberg said the transaction was the first sale since late 2022, when the company sold bitcoin in a tax-related move. Crypto outlets including Cointelegraph similarly pointed to a 2022 disposal in which the company sold 704 bitcoin and later repurchased more bitcoin two days afterward. (coindesk.com) Michael Saylor’s public profile is part of the reason the move drew attention. Strategy, formerly known as MicroStrategy, has spent years positioning itself as a corporate bitcoin treasury vehicle, and Saylor has repeatedly argued for holding bitcoin over the long term. Bloomberg described the latest transaction as a break from that earlier playbook. (bloomberg.com) ### What did Saylor say after the filing? CoinDesk reported on June 1 that Saylor responded publicly after the disclosure by saying Strategy aims to make STRC “the world’s best credit instrument.” That comment tied the bitcoin sale to the company’s effort to support its preferred-stock structure rather than to a broader retreat from bitcoin accumulation. (bloomberg.com) Other June 1 coverage also linked the sale to STRC and preferred-stock distributions. The SEC filing itself did not frame the sale as a change in the company’s long-term bitcoin strategy; it stated only that the proceeds are expected to be used for preferred-stock distributions. ### What else did the filing show? (coindesk.com) The same June 1 filing said Strategy sold 801,994 shares of common stock during the May 26-to-May 31 period, generating net proceeds of about $128.3 million. CNBC reported those stock sales alongside the bitcoin disposal, showing the company continued to rely primarily on equity issuance for funding during the week. (sec.gov) As of May 31, Strategy still held 843,706 bitcoin, the filing said. Future weekly or periodic SEC updates, along with any further public comments from Saylor and Strategy on STRC distributions, will show whether the June 1 disclosure was a one-off funding step or the start of more regular bitcoin sales. (sec.gov)