Michael Saylor · Bitcoin · Strategy · SEC · Bitcoin.com News
Saylor Breaks Silence After Strategy’s Bitcoin Sale
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Michael Saylor broke his silence after the market learned of Strategy’s 32 BTC sale and its $2.5 million in proceeds.
Key facts
- Other preferred securities received quarterly dividends, including STRF, Strategy’s 10.00% Series A Perpetual Strife Preferred Stock; STRK, its 8.00% Series A Perpetual Strike Preferred Stock; STRD
- Strategy (Nasdaq: MSTR) revealed in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) dated June 1 that it sold 32 BTC for $2.5 million
- Bitcoin traded near $71,500 after Strategy disclosed the sale, leaving BTC well below its 2026 high near $97,939, but above its February low near $59,930
- Strategy listed STRC at 1.59, ahead of JNK, a high-yield bond ETF, at 0.64, and HYG, another high-yield corporate bond ETF, at 0.56
Summary
Strategy sold 32 BTC for $2.5 million to support preferred stock payouts. Strategy (Nasdaq: MSTR) revealed in a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) dated June 1 that it sold 32 BTC for $2.5 million. Executive Chairman Michael Saylor broke from a familiar pattern on June 1. Hours later, Saylor’s only public response was a post promoting STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, without mentioning the bitcoin sale. Bitcoin traded near $71,500 after Strategy disclosed the sale, leaving BTC well below its 2026 high near $97,939, but above its February low near $59,930.