MicroStrategy Sells 32 BTC for First Time Since 2022, Raising $2.5M for STRC Dividends

According to a Monday filing, MicroStrategy sold 32 BTC between May 26 and May 31 for approximately $2.5 million, marking its first disclosed net sale of Bitcoin since 2022. The average sale price was $77,135 per coin. The company said the proceeds will be used to fund dividend payments on STRC, its perpetual preferred stock.

As of May 31, MicroStrategy held 843,706 BTC at an average purchase price of $75,699 per coin, meaning the sale represented about 0.0038% of its total holdings. Chief Executive Phong Le stated during the May earnings call that the company aims to remain a net Bitcoin aggregator while increasing Bitcoin per share.