Strategy sells 32 BTC in first Bitcoin sale since 2022; Stock falls on open

Source: CoinTelegraph
Published: Jun 1, 2026
Ingested: 2026-06-02T10:12:01Z

Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions.

Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing. MSTR shares fell more than 6%.

Proceeds are expected to fund distributions on preferred stock. The sale came after increased scrutiny over Strategy's preferred stock financing model, with investors questioning whether dividend obligations could pressure the company to sell Bitcoin.

Strategy also offloaded 801,994 Class A (MSTR) shares, generating $128.3 million in proceeds.

CEO Phong Le: "We'll likely sell Bitcoin at some point in time, but we will be net increasing our Bitcoin and more importantly, increasing our Bitcoin per share."

Corporate Bitcoin treasury activity showed signs of cooling, with firms acquiring 144 BTC over the past week versus 603 BTC the previous week.