Strategy Sells 32 Bitcoin for $2.5M, First Disposal in 4 Years, as MSTR Craters 7%

According to SEC filing, Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed disposal since December 2022. The sale averaged $77,135 per coin and proceeds were earmarked for distributions on the company's STRC perpetual preferred stock.

MSTR shares dropped roughly 7% following the June 1 announcement, recently trading near $126. Bitcoin fell below $65,000 days after the filing, with the sale cited as a key catalyst alongside broader market pressures. The crypto community split sharply on implications: one camp viewed it as routine treasury management to satisfy rating agencies and dividend obligations; another interpreted it as a warning signal that Strategy may need to liquidate bitcoin reserves to sustain nearly $1.7 billion in yearly preferred dividend obligations.