Stablecoin

Major

Bitcoin

MSTR

Michael Saylor's Strategy sold 32 Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a> worth roughly $2.5 million in late May, marking the firm's first disclosed sale and rattling investors.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>Strategy sold 32 Bitcoin for about $2.5 million at an average net price of $77,135, the company's first reported disposal.</li>
 <li>The firm also sold 801,994 MSTR shares for $128.3 million and kept a $900 million cash reserve for obligations.</li>
 <li>MSTR stock fell nearly 6% in premarket trade, and Bitcoin slipped below $72,000 after the filing.</li>
 </ul>
</blockquote>
<h2 id="strategy-confirms-32-btc-sale">Strategy Confirms 32 BTC Sale</h2>
The company <a href="https://www.coindesk.com/markets/2026/06/01/strategy-sold-32-btc-for-usd2-5-million-in-late-may-filing-shows" rel="noopener noreferrer nofollow">disclosed</a> the move in an 8-K filing with the U.S. Securities and Exchange Commission on June 1. The coins changed hands at an average net price of $77,135 between May 26 and May 31. Proceeds will fund distributions on the firm's preferred stock, the document <a href="https://www.sec.gov/Archives/edgar/data/1050446/000119312526249768/mstr-20260530.htm" rel="noopener noreferrer nofollow">stated</a>.
Even after the trade, Strategy still <a href="https://beincrypto.com/microstrategy-sells-btc-first-time/" rel="noopener noreferrer nofollow">held</a> 843,706 Bitcoin valued at about $63.87 billion, an average cost near $75,699 per coin.
The 32-coin disposal worked out to less than a hundredth of a percent of that hoard.
The firm separately sold 801,994 MSTR shares over the same window, raising $128.3 million in net proceeds, while parking $900 million in a dollar reserve earmarked for dividends and interest.
Also Read:<a href="https://yellow.com/news/cardano-tops-major-chains-stablecoin-61" rel="noopener noreferrer nofollow">Cardano Tops Every Major Chain In Stablecoin Growth, Up 61% In A Week</a>
<h2 id="mstr-stock-and-bitcoin-slide">MSTR Stock and Bitcoin Slide</h2>
Investors read the sale as a clear break from the company's long-held pledge to never part with its coins, even though the dollar figure stayed modest.
MSTR stock fell nearly 6% in premarket trading on Monday, sliding toward $150.
The shares have now shed more than 22% over the past month, erasing much of their earlier run.
Bitcoin dropped below $72,000 as word of the sale spread, and futures positions worth more than $90 million were liquidated soon after, exchange data <a href="https://www.stocktitan.net/sec-filings/MSTR/8-k-strategy-inc-reports-material-event-6c0e350d8ac5.html" rel="noopener noreferrer nofollow">showed</a>. The company also kept the dividend rate on its variable-rate STRC preferred stock at 11.50% a year.
Saylor's shift has been weeks in the making. The executive chairman recently signaled that <a href="https://yellow.com/news/saylor-strategy-sell-bitcoin-12b-loss" rel="noopener noreferrer nofollow">Strategy might sell some holdings</a> to cover dividend payments, a sharp turn from his earlier insistence that the coins would stay put. Strategy had already moved Bitcoin to Coinbase Prime, paused its weekly buying, and watched two insiders trim their own MSTR stakes.

Michael Saylor's Strategy Breaks Never Sell Vow With $2.5M Bitcoin Sale

Table of Contents

Yellow News

Other articles published on Jun 1, 2026

Join our free newsletter for daily crypto updates!