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MicroStrategy Sells 32 Bitcoin While Purchasing 1,550 BTC in June, Saylor Softens Never-Sell Stance

GateNews
Capital FlowStocks
BTC0.28%
MicroStrategy sold 32 Bitcoin for roughly $2.5 million to fund preferred stock distributions, marking a shift in the company's long-standing no-sell approach, CEO Michael Saylor said. Between June 1 and June 7, the company then purchased 1,550 Bitcoin for approximately $101.3 million at an average price of $65,332 per coin. The sale's proceeds supported distributions on its STRC preferred stock, while the company increased its U.S. dollar reserve to $1 billion for liquidity. MicroStrategy's total Bitcoin holdings now stand at 845,256 coins, acquired at an aggregate cost of about $63.97 billion and an average price of $75,680 per coin. Saylor framed the move as balance-sheet management rather than a shift away from Bitcoin accumulation, indicating the company will sell when necessary to manage capital structure.
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