Strategy Sells 32 Bitcoin for $2.5 Million, First Sale Since 2022

Strategy sold 32 bitcoin for about $2.5 million between May 26 and May 31, marking its first disclosed net bitcoin disposal since late 2022 and funding distributions on its STRC preferred stock.

“June 1, 2026 at 12:25 pm EST MIN READ Strategy has sold Bitcoin for the first time in 3 and a half years”

Arkham

The company said the proceeds were expected to be used to fund distributions on preferred stock, and CoinDesk reported the sale was executed at an average net price of $77,135 a coin.

Arkham

After the disclosure, CNBC said Strategy shares fell 5.85% and Bitcoin fell 2% to its lowest level since April 13.

CoinDesk also reported Strategy still held 843,706 bitcoin as of May 31 at an average purchase price of $75,699, leaving the sale price above its cost basis and above bitcoin’s market price on Monday.

Michael Saylor’s Strategy had long been treated as a corporate Bitcoin accumulator, but CoinDesk quoted him saying, "We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it."

CNBC tied the move to Strategy’s pivot toward actively managing its balance sheet, and it quoted Strategy CEO Phong Le saying, "We want to be net aggregators of bitcoin – increasing our total bitcoin, but more importantly, increasing our bitcoin per share because we think that is what is going to be most accretive long term for MSTR."

Bitbo

CoinDesk reported that the company’s 8-K disclosed the sale would fund dividend payments on its STRC perpetual preferred stock, and it said Strategy’s first standalone divestment disclosed to date came after Saylor alluded to a potential sale during a first-quarter earnings call.

The same CoinDesk report said the market had been anticipating the move, and it noted that Strategy shares slid about 6% following Monday’s news while bitcoin dropped below $71,500 on Monday.

The sale’s immediate scale was small relative to Strategy’s holdings, with CoinDesk saying the transaction accounted for just 0.0038% of the company’s holdings while Arkham and other market watchers focused on whether treasury activity would change.

“Michael Saylor’s Strategy — the largest corporate holder of bitcoin on the planet — has sold bitcoin for the first time since late 2022, and the market felt it immediately”

Bitcoin Magazine

Investors also had to weigh how the preferred-stock dividend stack interacts with cash, and investingLive reported the dividend reserve declined to approximately $900 million from an original $1.44 billion.

CoinDesk reported that in addition to selling 32 BTC, Strategy sold 801,994 shares of common stock for $128.3 million in the same period, and it said the proceeds would be used alongside the bitcoin sale to fund preferred-stock distributions.

For the next signal, CoinDesk pointed to the company’s ongoing disclosures, while investingLive framed the central question as whether Monday’s disclosure was an isolated adjustment or a structural shift in how Strategy manages its balance sheet.