Strategy sells 32 BTC in first Bitcoin sale since 2022; Stock falls on open
·2 min read
Compiled by KHAO Editorial
— aggregated from 8 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
The world's largest public Bitcoin holder reduced its stash to 843,706 BTC, while raising $128.3 million through Class A stock sales.
Key facts
Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities
Bitcoin slipped below $72,000 following the disclosure and traded at $71,939 at the time of writing, according to CoinGecko
[ Update 1:57 P.M. UTC, June 1 -- Updates third paragraph with share price decline in Monday morning trading. ]
The sale is Strategy’s first reported Bitcoin disposal since a 2022 tax loss transaction, when the company sold 704 BTC and repurchased 810 BTC two days later
Summary
Strategy sold 32 BTC last week, its first reported Bitcoin sale since a 2022 tax-loss transaction, as the company moved to fund preferred stock distributions. Strategy sold 32 Bitcoin (BTC) for $2.5 million at an average price of $77,135 per BTC, reducing its holdings from 843,738 BTC to 843,706 BTC, according to a Monday 8-K filing with the US Securities and Exchange Commission. The company's MSTR Nasdaq-traded shares fell more than 6% following Monday's market open, last trading at about $148.70 apiece. Proceeds from the Bitcoin sale are expected to be used to fund distributions on preferred stock, the company said.